PepsiCo, Inc. (NASDAQ:PEP) Shares Bought by BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp

BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp increased its position in PepsiCo, Inc. (NASDAQ:PEP - Free Report) by 14.6% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 262,724 shares of the company's stock after purchasing an additional 33,538 shares during the period. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp's holdings in PepsiCo were worth $39,950,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in PEP. Collier Financial purchased a new position in PepsiCo during the 4th quarter worth $28,000. WealthTrak Capital Management LLC purchased a new position in shares of PepsiCo during the fourth quarter worth about $28,000. Creative Capital Management Investments LLC purchased a new stake in PepsiCo during the 4th quarter valued at approximately $30,000. Prudent Man Investment Management Inc. acquired a new stake in PepsiCo during the 4th quarter worth approximately $30,000. Finally, Measured Risk Portfolios Inc. purchased a new position in shares of PepsiCo in the 4th quarter valued at approximately $31,000. 73.07% of the stock is owned by institutional investors and hedge funds.

PepsiCo Price Performance

Shares of PEP traded down $0.78 on Friday, reaching $129.34. The stock had a trading volume of 8,116,528 shares, compared to its average volume of 6,473,654. PepsiCo, Inc. has a twelve month low of $127.75 and a twelve month high of $180.91. The firm has a market capitalization of $177.34 billion, a PE ratio of 18.61, a PEG ratio of 3.09 and a beta of 0.47. The firm has a 50-day moving average of $139.53 and a 200 day moving average of $148.31. The company has a quick ratio of 0.65, a current ratio of 0.82 and a debt-to-equity ratio of 2.05.

PepsiCo (NASDAQ:PEP - Get Free Report) last posted its earnings results on Thursday, April 24th. The company reported $1.48 earnings per share for the quarter, missing the consensus estimate of $1.49 by ($0.01). The firm had revenue of $17.92 billion during the quarter, compared to analyst estimates of $17.81 billion. PepsiCo had a net margin of 10.43% and a return on equity of 58.87%. The firm's revenue for the quarter was down 1.8% on a year-over-year basis. During the same period last year, the company posted $1.61 EPS. Sell-side analysts expect that PepsiCo, Inc. will post 8.3 EPS for the current year.

PepsiCo Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, June 30th. Shareholders of record on Friday, June 6th will be given a dividend of $1.4225 per share. The ex-dividend date is Friday, June 6th. This represents a $5.69 dividend on an annualized basis and a yield of 4.40%. This is a boost from PepsiCo's previous quarterly dividend of $1.36. PepsiCo's payout ratio is presently 83.68%.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on PEP shares. Bank of America cut their price target on PepsiCo from $155.00 to $150.00 and set a "neutral" rating for the company in a research note on Friday, April 25th. Wells Fargo & Company cut their price objective on shares of PepsiCo from $155.00 to $150.00 and set an "equal weight" rating for the company in a research report on Wednesday, February 5th. JPMorgan Chase & Co. lifted their target price on shares of PepsiCo from $158.00 to $159.00 and gave the company a "neutral" rating in a report on Monday, April 21st. HSBC cut their price target on shares of PepsiCo from $186.00 to $170.00 and set a "hold" rating for the company in a report on Tuesday, February 4th. Finally, CICC Research reaffirmed a "market perform" rating on shares of PepsiCo in a report on Friday, February 7th. One equities research analyst has rated the stock with a sell rating, fifteen have issued a hold rating and four have assigned a buy rating to the company's stock. According to MarketBeat, the company has a consensus rating of "Hold" and a consensus target price of $160.69.

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.