Kestra Private Wealth Services LLC Purchases 3,835 Shares of PepsiCo, Inc. (NASDAQ:PEP)

Kestra Private Wealth Services LLC increased its holdings in shares of PepsiCo, Inc. (NASDAQ:PEP) by 5.2% in the fourth quarter, HoldingsChannel reports. The firm owned 78,276 shares of the company’s stock after buying an additional 3,835 shares during the period. Kestra Private Wealth Services LLC’s holdings in PepsiCo were worth $13,294,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also recently bought and sold shares of PEP. Charles Schwab Investment Management Inc. boosted its holdings in shares of PepsiCo by 5.3% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 18,423,845 shares of the company’s stock worth $3,121,736,000 after buying an additional 920,032 shares during the period. Northern Trust Corp boosted its holdings in shares of PepsiCo by 3.7% during the third quarter. Northern Trust Corp now owns 16,878,022 shares of the company’s stock worth $2,859,812,000 after acquiring an additional 595,357 shares during the period. California Public Employees Retirement System grew its position in shares of PepsiCo by 17.9% in the fourth quarter. California Public Employees Retirement System now owns 9,664,323 shares of the company’s stock valued at $1,641,389,000 after purchasing an additional 1,470,064 shares during the last quarter. Massachusetts Financial Services Co. MA increased its stake in shares of PepsiCo by 9.1% during the third quarter. Massachusetts Financial Services Co. MA now owns 7,316,036 shares of the company’s stock worth $1,239,629,000 after purchasing an additional 608,321 shares during the period. Finally, Deutsche Bank AG boosted its stake in PepsiCo by 2.1% in the 3rd quarter. Deutsche Bank AG now owns 6,774,800 shares of the company’s stock valued at $1,147,922,000 after purchasing an additional 142,243 shares during the period. Institutional investors own 73.07% of the company’s stock.

PepsiCo Price Performance

Shares of PEP stock traded up $0.56 on Monday, reaching $176.14. The company had a trading volume of 3,224,217 shares, compared to its average volume of 5,823,218. The stock has a market capitalization of $242.15 billion, a PE ratio of 26.49, a price-to-earnings-growth ratio of 2.86 and a beta of 0.53. The company has a quick ratio of 0.68, a current ratio of 0.86 and a debt-to-equity ratio of 1.96. The business’s 50-day moving average is $169.60 and its 200 day moving average is $168.05. PepsiCo, Inc. has a one year low of $155.83 and a one year high of $196.88.

PepsiCo (NASDAQ:PEP) last issued its earnings results on Tuesday, April 23rd. The company reported $1.61 earnings per share for the quarter, beating analysts’ consensus estimates of $1.52 by $0.09. The firm had revenue of $18.25 billion for the quarter, compared to analyst estimates of $18.08 billion. PepsiCo had a net margin of 10.00% and a return on equity of 57.37%. The company’s quarterly revenue was up 2.3% on a year-over-year basis. During the same quarter last year, the business posted $1.50 earnings per share. Equities research analysts forecast that PepsiCo, Inc. will post 8.16 EPS for the current fiscal year.

PepsiCo Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, April 1st. Shareholders of record on Friday, March 1st were given a $1.265 dividend. The ex-dividend date was Thursday, February 29th. This represents a $5.06 annualized dividend and a yield of 2.87%. PepsiCo’s dividend payout ratio is presently 76.09%.

Wall Street Analysts Forecast Growth

PEP has been the subject of a number of research reports. Morgan Stanley raised PepsiCo from an “equal weight” rating to an “overweight” rating and set a $190.00 target price for the company in a report on Monday, March 18th. Barclays boosted their price objective on shares of PepsiCo from $184.00 to $185.00 and gave the company an “overweight” rating in a report on Thursday. StockNews.com cut shares of PepsiCo from a “buy” rating to a “hold” rating in a report on Monday, February 12th. Deutsche Bank Aktiengesellschaft boosted their price target on PepsiCo from $181.00 to $184.00 and gave the company a “hold” rating in a research note on Friday, February 9th. Finally, Wedbush restated an “outperform” rating and set a $195.00 price objective on shares of PepsiCo in a research note on Tuesday, April 23rd. Six research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $187.42.

PepsiCo Company Profile

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.