Connor Clark & Lunn Investment Management Ltd. Raises Holdings in PepsiCo, Inc. (NASDAQ:PEP)

Connor Clark & Lunn Investment Management Ltd. increased its position in shares of PepsiCo, Inc. (NASDAQ:PEP - Free Report) by 920.6% in the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor owned 86,048 shares of the company's stock after purchasing an additional 77,617 shares during the quarter. Connor Clark & Lunn Investment Management Ltd.'s holdings in PepsiCo were worth $12,902,000 as of its most recent filing with the SEC.

Several other large investors have also recently made changes to their positions in the company. Asset Management One Co. Ltd. grew its holdings in PepsiCo by 3.6% in the 1st quarter. Asset Management One Co. Ltd. now owns 630,906 shares of the company's stock valued at $94,598,000 after buying an additional 21,859 shares in the last quarter. Ignite Planners LLC grew its holdings in PepsiCo by 4.2% in the 1st quarter. Ignite Planners LLC now owns 3,773 shares of the company's stock valued at $566,000 after buying an additional 151 shares in the last quarter. Ossiam grew its holdings in PepsiCo by 138.9% in the 4th quarter. Ossiam now owns 73,604 shares of the company's stock valued at $11,192,000 after buying an additional 42,793 shares in the last quarter. Graybill Wealth Management LTD. purchased a new position in shares of PepsiCo during the 1st quarter worth $3,633,000. Finally, OMERS ADMINISTRATION Corp grew its holdings in shares of PepsiCo by 12.1% during the 4th quarter. OMERS ADMINISTRATION Corp now owns 124,797 shares of the company's stock worth $18,977,000 after purchasing an additional 13,461 shares during the period. 73.07% of the stock is currently owned by hedge funds and other institutional investors.

PepsiCo Price Performance

PEP stock opened at $145.21 on Monday. The company has a debt-to-equity ratio of 2.12, a current ratio of 0.78 and a quick ratio of 0.60. The firm has a market capitalization of $198.80 billion, a P/E ratio of 26.45, a P/E/G ratio of 3.87 and a beta of 0.45. The business's 50-day moving average is $135.71 and its two-hundred day moving average is $140.60. PepsiCo, Inc. has a 1 year low of $127.60 and a 1 year high of $179.73.

PepsiCo (NASDAQ:PEP - Get Free Report) last posted its quarterly earnings results on Thursday, July 17th. The company reported $2.12 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $2.03 by $0.09. PepsiCo had a return on equity of 57.81% and a net margin of 8.23%. The company had revenue of $22.73 billion for the quarter, compared to analyst estimates of $22.28 billion. During the same quarter last year, the company earned $2.28 EPS. PepsiCo's revenue for the quarter was up 1.0% compared to the same quarter last year. Analysts anticipate that PepsiCo, Inc. will post 8.3 earnings per share for the current fiscal year.

PepsiCo Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 30th. Stockholders of record on Friday, September 5th will be given a dividend of $1.4225 per share. This represents a $5.69 annualized dividend and a dividend yield of 3.9%. The ex-dividend date of this dividend is Friday, September 5th. PepsiCo's dividend payout ratio (DPR) is 103.64%.

Analyst Upgrades and Downgrades

PEP has been the subject of a number of research analyst reports. Morgan Stanley increased their price target on PepsiCo from $153.00 to $165.00 and gave the stock an "equal weight" rating in a report on Friday, July 18th. Citigroup increased their price target on PepsiCo from $160.00 to $168.00 and gave the stock a "buy" rating in a report on Friday, July 18th. Deutsche Bank Aktiengesellschaft reiterated a "buy" rating on shares of PepsiCo in a report on Thursday, July 17th. Cowen reiterated a "hold" rating on shares of PepsiCo in a report on Thursday, July 17th. Finally, JPMorgan Chase & Co. lowered their price target on PepsiCo from $150.00 to $139.00 and set a "neutral" rating for the company in a report on Thursday, July 10th. One research analyst has rated the stock with a sell rating, fifteen have given a hold rating and four have given a buy rating to the stock. According to MarketBeat, PepsiCo presently has a consensus rating of "Hold" and a consensus price target of $158.73.

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.

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