Raymond James Financial Services Advisors Inc. Acquires 1,840 Shares of PepsiCo, Inc. (NASDAQ:PEP)

Raymond James Financial Services Advisors Inc. boosted its stake in shares of PepsiCo, Inc. (NASDAQ:PEPFree Report) by 0.2% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 958,971 shares of the company’s stock after buying an additional 1,840 shares during the quarter. Raymond James Financial Services Advisors Inc.’s holdings in PepsiCo were worth $162,872,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in PEP. Moneta Group Investment Advisors LLC lifted its holdings in PepsiCo by 95,514.1% in the fourth quarter. Moneta Group Investment Advisors LLC now owns 42,876,248 shares of the company’s stock valued at $7,746,023,000 after buying an additional 42,831,405 shares during the period. Norges Bank acquired a new stake in PepsiCo during the fourth quarter worth approximately $2,519,707,000. Morgan Stanley lifted its stake in PepsiCo by 21.0% in the fourth quarter. Morgan Stanley now owns 26,720,027 shares of the company’s stock valued at $4,827,240,000 after buying an additional 4,629,947 shares during the period. Comerica Bank acquired a new stake in shares of PepsiCo during the 2nd quarter worth approximately $360,472,000. Finally, J.P. Morgan Private Wealth Advisors LLC acquired a new position in shares of PepsiCo during the 3rd quarter valued at $329,179,000. Institutional investors and hedge funds own 73.07% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on PEP shares. StockNews.com cut shares of PepsiCo from a “buy” rating to a “hold” rating in a research report on Monday, February 12th. Wedbush reiterated an “outperform” rating and issued a $195.00 price target on shares of PepsiCo in a report on Friday, February 9th. Barclays upped their target price on PepsiCo from $179.00 to $183.00 and gave the stock an “overweight” rating in a research report on Tuesday, February 13th. JPMorgan Chase & Co. lowered shares of PepsiCo from an “overweight” rating to a “neutral” rating and decreased their price target for the company from $185.00 to $176.00 in a research note on Tuesday, December 19th. Finally, Morgan Stanley raised shares of PepsiCo from an “equal weight” rating to an “overweight” rating and set a $190.00 price objective on the stock in a research note on Monday, March 18th. Five equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $187.77.

Read Our Latest Report on PepsiCo

PepsiCo Stock Performance

NASDAQ PEP opened at $172.02 on Monday. The stock has a market capitalization of $236.43 billion, a PE ratio of 26.18, a P/E/G ratio of 2.69 and a beta of 0.53. PepsiCo, Inc. has a 1 year low of $155.83 and a 1 year high of $196.88. The company’s 50 day simple moving average is $167.72 and its two-hundred day simple moving average is $168.01. The company has a debt-to-equity ratio of 2.02, a current ratio of 0.85 and a quick ratio of 0.68.

PepsiCo (NASDAQ:PEPGet Free Report) last announced its earnings results on Friday, February 9th. The company reported $1.78 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.72 by $0.06. The business had revenue of $27.84 billion during the quarter, compared to analyst estimates of $28.40 billion. PepsiCo had a net margin of 9.92% and a return on equity of 58.03%. PepsiCo’s revenue for the quarter was down .6% on a year-over-year basis. During the same period in the previous year, the business posted $1.67 earnings per share. Analysts predict that PepsiCo, Inc. will post 8.15 earnings per share for the current fiscal year.

PepsiCo Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, April 1st. Shareholders of record on Friday, March 1st will be paid a $1.265 dividend. This represents a $5.06 annualized dividend and a yield of 2.94%. The ex-dividend date is Thursday, February 29th. PepsiCo’s dividend payout ratio is presently 77.02%.

PepsiCo Profile

(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.

Further Reading

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Institutional Ownership by Quarter for PepsiCo (NASDAQ:PEP)

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