Stratos Wealth Partners LTD. Has $14.23 Million Stake in PepsiCo, Inc. (NASDAQ:PEP)

Stratos Wealth Partners LTD. grew its holdings in PepsiCo, Inc. (NASDAQ:PEP) by 8.0% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 83,704 shares of the company’s stock after purchasing an additional 6,187 shares during the period. Stratos Wealth Partners LTD.’s holdings in PepsiCo were worth $14,234,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of PEP. Richard W. Paul & Associates LLC grew its holdings in PepsiCo by 7.2% during the third quarter. Richard W. Paul & Associates LLC now owns 4,393 shares of the company’s stock valued at $747,000 after purchasing an additional 296 shares during the last quarter. Inspire Advisors LLC acquired a new position in PepsiCo in the 3rd quarter valued at $203,000. Trust Point Inc. raised its holdings in PepsiCo by 4.3% in the 3rd quarter. Trust Point Inc. now owns 19,497 shares of the company’s stock worth $3,315,000 after acquiring an additional 806 shares during the period. Aaron Wealth Advisors LLC grew its position in shares of PepsiCo by 13.1% in the third quarter. Aaron Wealth Advisors LLC now owns 6,573 shares of the company’s stock valued at $1,118,000 after purchasing an additional 759 shares during the last quarter. Finally, Joule Financial LLC increased its stake in shares of PepsiCo by 5.2% in the third quarter. Joule Financial LLC now owns 2,798 shares of the company’s stock worth $476,000 after purchasing an additional 139 shares during the period. Institutional investors and hedge funds own 73.07% of the company’s stock.

PepsiCo Stock Up 0.2 %

PepsiCo stock opened at $175.06 on Friday. The company has a current ratio of 0.89, a quick ratio of 0.70 and a debt-to-equity ratio of 1.96. PepsiCo, Inc. has a 1-year low of $158.03 and a 1-year high of $183.41. The company has a fifty day simple moving average of $173.78 and a 200 day simple moving average of $172.13. The company has a market cap of $240.18 billion, a P/E ratio of 25.82, a price-to-earnings-growth ratio of 3.28 and a beta of 0.53.

PepsiCo (NASDAQ:PEP) last posted its quarterly 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. The firm had revenue of $23.32 billion for the quarter, compared to analyst estimates of $23.86 billion. PepsiCo had a return on equity of 57.32% and a net margin of 10.18%. The business’s quarterly revenue was down .6% on a year-over-year basis. During the same quarter in the previous year, the firm earned $2.25 EPS. Research analysts anticipate that PepsiCo, Inc. will post 8.15 earnings per share for the current fiscal year.

PepsiCo Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, September 30th. Stockholders of record on Friday, September 6th were given a $1.355 dividend. The ex-dividend date was Friday, September 6th. This represents a $5.42 dividend on an annualized basis and a dividend yield of 3.10%. PepsiCo’s payout ratio is 79.94%.

Wall Street Analyst Weigh In

Several brokerages have commented on PEP. Deutsche Bank Aktiengesellschaft dropped their price target on PepsiCo from $180.00 to $179.00 and set a “hold” rating on the stock in a research report on Wednesday, October 9th. Redburn Atlantic raised shares of PepsiCo to a “strong sell” rating in a research report on Thursday, October 10th. TD Cowen lowered PepsiCo from a “buy” rating to a “hold” rating and lowered their price target for the company from $190.00 to $183.00 in a research note on Thursday, October 10th. BNP Paribas started coverage on PepsiCo in a research report on Monday, June 24th. They issued a “neutral” rating and a $174.00 price objective for the company. Finally, DZ Bank cut PepsiCo from a “buy” rating to a “hold” rating and set a $183.00 price objective on the stock. in a research report on Friday, July 19th. One research analyst has rated the stock with a sell rating, eleven have assigned a hold rating and five have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $183.92.

About PepsiCo

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.