Intact Investment Management Inc. boosted its position in PepsiCo, Inc. (NASDAQ:PEP - Free Report) by 13.4% in the 1st quarter, according to its most recent filing with the SEC. The firm owned 139,000 shares of the company's stock after acquiring an additional 16,400 shares during the period. Intact Investment Management Inc.'s holdings in PepsiCo were worth $20,842,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. WealthTrak Capital Management LLC purchased a new stake in shares of PepsiCo during the 4th quarter valued at $28,000. Prudent Man Investment Management Inc. purchased a new stake in shares of PepsiCo during the 4th quarter valued at $30,000. Measured Risk Portfolios Inc. purchased a new stake in shares of PepsiCo during the 4th quarter valued at $31,000. Summit Securities Group LLC purchased a new stake in shares of PepsiCo during the 4th quarter valued at $33,000. Finally, GKV Capital Management Co. Inc. purchased a new stake in shares of PepsiCo during the 4th quarter valued at $38,000. 73.07% of the stock is owned by hedge funds and other institutional investors.
PepsiCo Stock Performance
NASDAQ:PEP opened at $129.07 on Friday. The company has a debt-to-equity ratio of 2.13, a quick ratio of 0.65 and a current ratio of 0.83. PepsiCo, Inc. has a one year low of $127.75 and a one year high of $180.91. The business's 50-day simple moving average is $133.19 and its 200 day simple moving average is $144.06. The stock has a market cap of $176.97 billion, a price-to-earnings ratio of 18.98, a price-to-earnings-growth ratio of 3.71 and a beta of 0.45.
PepsiCo (NASDAQ:PEP - Get Free Report) last released its quarterly earnings results on Thursday, April 24th. The company reported $1.48 EPS for the quarter, missing the consensus estimate of $1.49 by ($0.01). PepsiCo had a return on equity of 58.28% and a net margin of 10.24%. The business had revenue of $17.92 billion during the quarter, compared to analyst estimates of $17.81 billion. During the same quarter last year, the firm posted $1.61 EPS. The company's revenue was down 1.8% compared to the same quarter last year. As a group, sell-side analysts predict that PepsiCo, Inc. will post 8.3 earnings per share for the current fiscal year.
PepsiCo Increases Dividend
The firm also recently declared 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 a boost from PepsiCo's previous quarterly dividend of $1.36. The ex-dividend date is Friday, June 6th. This represents a $5.69 annualized dividend and a dividend yield of 4.41%. PepsiCo's payout ratio is 83.68%.
Wall Street Analysts Forecast Growth
PEP has been the subject of several research reports. JPMorgan Chase & Co. boosted their price objective on shares of PepsiCo from $158.00 to $159.00 and gave the company a "neutral" rating in a research note on Monday, April 21st. Barclays lowered their price objective on shares of PepsiCo from $143.00 to $135.00 and set an "equal weight" rating for the company in a research note on Monday, April 28th. Morgan Stanley lowered their price objective on shares of PepsiCo from $168.00 to $153.00 and set an "equal weight" rating for the company in a research note on Friday, April 25th. UBS Group decreased their price target on shares of PepsiCo from $175.00 to $169.00 and set a "buy" rating for the company in a research report on Friday, April 25th. Finally, Jefferies Financial Group lowered PepsiCo from a "buy" rating to a "hold" rating and cut their price objective for the company from $171.00 to $170.00 in a research report on Wednesday, March 12th. One investment analyst has rated the stock with a sell rating, fifteen have assigned a hold rating and four have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the company presently has an average rating of "Hold" and an average price target of $160.69.
Get Our Latest Stock Report on PEP
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.
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