Cardinal Capital Management Inc. Purchases 21,475 Shares of PepsiCo, Inc. (NASDAQ:PEP)

Cardinal Capital Management Inc. boosted its position in PepsiCo, Inc. (NASDAQ:PEP - Free Report) by 23.7% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 112,040 shares of the company's stock after buying an additional 21,475 shares during the period. Cardinal Capital Management Inc.'s holdings in PepsiCo were worth $16,799,000 at the end of the most recent quarter.

A number of other institutional investors have also bought and sold shares of the company. Collier Financial bought a new stake in shares of PepsiCo in the 4th quarter valued at $28,000. WealthTrak Capital Management LLC acquired a new stake in PepsiCo in the fourth quarter worth $28,000. Creative Capital Management Investments LLC acquired a new position in shares of PepsiCo during the fourth quarter valued at about $30,000. Prudent Man Investment Management Inc. bought a new position in shares of PepsiCo during the 4th quarter worth about $30,000. Finally, Measured Risk Portfolios Inc. acquired a new stake in shares of PepsiCo in the 4th quarter valued at about $31,000. Institutional investors own 73.07% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on PEP. Barclays dropped their price target on PepsiCo from $143.00 to $135.00 and set an "equal weight" rating on the stock in a research note on Monday, April 28th. Royal Bank of Canada reaffirmed a "sector perform" rating and set a $163.00 target price on shares of PepsiCo in a research report on Tuesday, April 22nd. Evercore ISI set a $140.00 price target on shares of PepsiCo in a research report on Thursday, April 24th. Jefferies Financial Group lowered shares of PepsiCo from a "buy" rating to a "hold" rating and decreased their price target for the company from $171.00 to $170.00 in a research note on Wednesday, March 12th. Finally, Bank of America dropped their price objective on shares of PepsiCo from $155.00 to $150.00 and set a "neutral" rating on the stock in a research note on Friday, April 25th. One research analyst has rated the stock with a sell rating, fifteen have assigned a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat, PepsiCo currently has an average rating of "Hold" and an average price target of $160.69.

PepsiCo Stock Performance

Shares of PepsiCo stock traded down $1.64 during trading hours on Wednesday, hitting $130.19. 2,415,702 shares of the company's stock traded hands, compared to its average volume of 6,608,716. The company has a fifty day simple moving average of $135.37 and a 200-day simple moving average of $145.74. The company has a debt-to-equity ratio of 2.05, a current ratio of 0.82 and a quick ratio of 0.65. The stock has a market capitalization of $178.51 billion, a price-to-earnings ratio of 18.73, a PEG ratio of 3.09 and a beta of 0.45. PepsiCo, Inc. has a 12-month low of $127.75 and a 12-month high of $180.91.

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

PepsiCo Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 30th. Investors of record on Friday, June 6th will be paid a $1.4225 dividend. This is an increase from PepsiCo's previous quarterly dividend of $1.36. The ex-dividend date of this dividend is Friday, June 6th. This represents a $5.69 annualized dividend and a yield of 4.37%. PepsiCo's dividend payout ratio is presently 83.68%.

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.