PepsiCo, Inc. (NASDAQ:PEP) Shares Sold by Cetera Trust Company N.A

by · The Cerbat Gem

Cetera Trust Company N.A lessened its position in shares of PepsiCo, Inc. (NASDAQ:PEP – Free Report) by 4.8% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 1,962 shares of the company’s stock after selling 100 shares during the quarter. Cetera Trust Company N.A’s holdings in PepsiCo were worth $334,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. Global Wealth Strategies & Associates increased its stake in shares of PepsiCo by 59.0% during the 3rd quarter. Global Wealth Strategies & Associates now owns 159 shares of the company’s stock valued at $27,000 after acquiring an additional 59 shares during the last quarter. Valued Wealth Advisors LLC increased its stake in shares of PepsiCo by 77.5% during the 1st quarter. Valued Wealth Advisors LLC now owns 158 shares of the company’s stock valued at $28,000 after acquiring an additional 69 shares during the last quarter. POM Investment Strategies LLC increased its stake in shares of PepsiCo by 141.3% during the 2nd quarter. POM Investment Strategies LLC now owns 181 shares of the company’s stock valued at $30,000 after acquiring an additional 106 shares during the last quarter. Summit Securities Group LLC acquired a new position in shares of PepsiCo during the 2nd quarter valued at about $30,000. Finally, Mattson Financial Services LLC purchased a new stake in shares of PepsiCo during the 2nd quarter worth about $34,000. Institutional investors and hedge funds own 73.07% of the company’s stock.

PepsiCo Stock Performance

Shares of PEP stock traded down $0.58 on Tuesday, hitting $174.43. 763,444 shares of the stock traded hands, compared to its average volume of 5,474,145. The company has a debt-to-equity ratio of 1.96, a current ratio of 0.89 and a quick ratio of 0.70. The company has a market capitalization of $239.80 billion, a PE ratio of 25.24, a PEG ratio of 3.28 and a beta of 0.53. PepsiCo, Inc. has a 1-year low of $158.03 and a 1-year high of $183.41. The company’s fifty day moving average is $173.86 and its 200 day moving average is $172.19.

PepsiCo (NASDAQ:PEP – Get Free Report) last issued its earnings results on Tuesday, October 8th. The company reported $2.31 earnings per share for the quarter, topping the consensus estimate of $2.30 by $0.01. PepsiCo had a return on equity of 57.32% and a net margin of 10.18%. The firm had revenue of $23.32 billion for the quarter, compared to analyst estimates of $23.86 billion. During the same period last year, the company earned $2.25 earnings per share. The firm’s revenue for the quarter was down .6% on a year-over-year basis. On average, equities research analysts predict that PepsiCo, Inc. will post 8.15 earnings per share for the current fiscal year.

PepsiCo Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, September 30th. Investors of record on Friday, September 6th were paid a dividend of $1.355 per share. The ex-dividend date was Friday, September 6th. This represents a $5.42 annualized dividend and a yield of 3.11%. PepsiCo’s dividend payout ratio is currently 78.66%.

Wall Street Analysts Forecast Growth

PEP has been the subject of a number of research reports. TD Cowen cut PepsiCo from a “buy” rating to a “hold” rating and decreased their target price for the stock from $190.00 to $183.00 in a report on Thursday, October 10th. JPMorgan Chase & Co. decreased their price target on PepsiCo from $185.00 to $183.00 and set a “neutral” rating for the company in a report on Wednesday, October 9th. BNP Paribas started coverage on PepsiCo in a report on Monday, June 24th. They issued a “neutral” rating and a $174.00 price target for the company. Hsbc Global Res upgraded PepsiCo to a “hold” rating in a report on Thursday, October 10th. Finally, Jefferies Financial Group decreased their price target on PepsiCo from $210.00 to $200.00 and set a “buy” rating for the company in a report on Tuesday, July 9th. One analyst has rated the stock with a sell rating, eleven have given a hold rating and five have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $183.92.

View Our Latest Report on PEP

About PepsiCo

(Free Report)

PepsiCo, Inc engages in the manufacture, marketing, distribution, and sale of various beverages and convenient foods worldwide. The company operates through seven segments: Frito-Lay North America; Quaker Foods North America; PepsiCo Beverages North America; Latin America; Europe; Africa, Middle East and South Asia; and Asia Pacific, Australia and New Zealand and China Region.

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