PepsiCo, Inc. (NASDAQ:PEP) Shares Bought by Public Sector Pension Investment Board

Key Points

• The Public Sector Pension Investment Board increased its stake in PepsiCo by 8.2%, owning 195,444 shares valued at approximately $29.3 million.
• PepsiCo's recent earnings report showed $2.12 earnings per share, surpassing analysts' expectations, with revenue of $22.73 billion.
• The company declared a quarterly dividend of $1.4225 per share, set to be paid on September 30th, representing a 3.9% yield.

Public Sector Pension Investment Board grew its stake in PepsiCo, Inc. (NASDAQ:PEP - Free Report) by 8.2% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 195,444 shares of the company's stock after purchasing an additional 14,807 shares during the quarter. Public Sector Pension Investment Board's holdings in PepsiCo were worth $29,305,000 as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. Elite Financial Inc. acquired a new stake in shares of PepsiCo in the first quarter valued at about $28,000. Measured Risk Portfolios Inc. acquired a new stake in shares of PepsiCo in the fourth quarter valued at about $31,000. GKV Capital Management Co. Inc. acquired a new stake in shares of PepsiCo in the fourth quarter valued at about $38,000. Bridge Generations Wealth Management LLC acquired a new stake in shares of PepsiCo in the fourth quarter valued at about $38,000. Finally, Sunbeam Capital Management LLC purchased a new position in shares of PepsiCo in the fourth quarter worth about $47,000. Institutional investors and hedge funds own 73.07% of the company's stock.

PepsiCo Trading Up 0.9%

Shares of PEP stock opened at $145.21 on Monday. The company has a debt-to-equity ratio of 2.12, a quick ratio of 0.60 and a current ratio of 0.78. The stock has a market capitalization of $198.80 billion, a P/E ratio of 26.45, a price-to-earnings-growth ratio of 3.87 and a beta of 0.45. The company has a 50 day moving average price of $135.71 and a 200 day moving average price of $140.60. PepsiCo, Inc. has a fifty-two week low of $127.60 and a fifty-two week high of $179.73.

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

PepsiCo Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, September 30th. Shareholders of record on Friday, September 5th will be issued a dividend of $1.4225 per share. This represents a $5.69 annualized dividend and a yield of 3.9%. The ex-dividend date is Friday, September 5th. PepsiCo's payout ratio is 103.64%.

Analyst Ratings Changes

Several research firms have recently weighed in on PEP. Wells Fargo & Company raised their price target on shares of PepsiCo from $140.00 to $154.00 and gave the stock an "equal weight" rating in a research note on Friday, July 18th. Evercore ISI set a $140.00 price target on shares of PepsiCo in a research note on Thursday, April 24th. UBS Group reduced their target price on shares of PepsiCo from $175.00 to $169.00 and set a "buy" rating on the stock in a research note on Friday, April 25th. Cowen reaffirmed a "hold" rating on shares of PepsiCo in a research note on Thursday, July 17th. Finally, Barclays lifted their target price on shares of PepsiCo from $132.00 to $144.00 and gave the stock an "equal weight" rating in a research note on Monday, July 21st. One 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. According to data from MarketBeat.com, PepsiCo has an average rating of "Hold" and an average price target of $158.73.

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.

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