PepsiCo, Inc. (NASDAQ:PEP) Shares Acquired by Financiere des Professionnels Fonds d investissement inc.

Financiere des Professionnels Fonds d investissement inc. boosted its holdings in shares of PepsiCo, Inc. (NASDAQ:PEP - Free Report) by 24.1% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 105,082 shares of the company's stock after buying an additional 20,438 shares during the quarter. PepsiCo makes up approximately 1.0% of Financiere des Professionnels Fonds d investissement inc.'s investment portfolio, making the stock its 23rd biggest holding. Financiere des Professionnels Fonds d investissement inc.'s holdings in PepsiCo were worth $15,756,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also bought and sold shares of PEP. Traveka Wealth LLC acquired a new stake in shares of PepsiCo during the first quarter worth $280,000. Cloud Capital Management LLC acquired a new position in shares of PepsiCo in the first quarter worth about $108,000. Argentarii LLC raised its position in shares of PepsiCo by 14.7% in the first quarter. Argentarii LLC now owns 9,127 shares of the company's stock worth $1,369,000 after acquiring an additional 1,167 shares during the period. McGlone Suttner Wealth Management Inc. raised its position in shares of PepsiCo by 68.9% in the first quarter. McGlone Suttner Wealth Management Inc. now owns 7,195 shares of the company's stock worth $1,079,000 after acquiring an additional 2,936 shares during the period. Finally, Compass Wealth Management LLC raised its position in shares of PepsiCo by 3.1% during the 1st quarter. Compass Wealth Management LLC now owns 33,288 shares of the company's stock worth $4,991,000 after purchasing an additional 1,014 shares during the last quarter. 73.07% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on the stock. Bank of America reduced their price target on shares of PepsiCo from $155.00 to $150.00 and set a "neutral" rating for the company in a research report on Friday, April 25th. Evercore ISI set a $140.00 price target on shares of PepsiCo in a research report on Thursday, April 24th. Morgan Stanley dropped 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 dropped their price objective on shares of PepsiCo from $175.00 to $169.00 and set a "buy" rating for the company in a research note on Friday, April 25th. Finally, Barclays dropped 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. 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. Based on data from MarketBeat, the company currently has an average rating of "Hold" and an average target price of $159.75.

PepsiCo Trading Down 0.7%

Shares of PEP stock traded down $0.93 during trading hours on Monday, hitting $134.45. The company had a trading volume of 7,771,754 shares, compared to its average volume of 7,062,791. The company's fifty day moving average is $131.40 and its 200 day moving average is $142.11. The company has a debt-to-equity ratio of 2.13, a current ratio of 0.83 and a quick ratio of 0.65. PepsiCo, Inc. has a fifty-two week low of $127.60 and a fifty-two week high of $180.91. The stock has a market capitalization of $184.34 billion, a PE ratio of 19.77, a price-to-earnings-growth ratio of 4.23 and a beta of 0.45.

PepsiCo (NASDAQ:PEP - Get Free Report) last issued 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 analyst estimates of $17.81 billion. PepsiCo had a return on equity of 58.28% and a net margin of 10.24%. The business's revenue was down 1.8% compared to the same quarter last year. During the same quarter in the prior year, the company posted $1.61 earnings per share. Research analysts expect that PepsiCo, Inc. will post 8.3 earnings per share for the current fiscal year.

PepsiCo Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, June 30th. Shareholders of record on Friday, June 6th were issued a dividend of $1.4225 per share. The ex-dividend date of this dividend was Friday, June 6th. This is a positive change from PepsiCo's previous quarterly dividend of $1.36. This represents a $5.69 dividend on an annualized basis and a yield of 4.23%. PepsiCo's dividend payout ratio is 83.68%.

PepsiCo 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.