Mackenzie Financial Corp Grows Stock Holdings in PepsiCo, Inc. (NASDAQ:PEP)

Mackenzie Financial Corp increased its stake in shares of PepsiCo, Inc. (NASDAQ:PEP - Free Report) by 2.4% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 1,355,869 shares of the company's stock after purchasing an additional 31,875 shares during the quarter. Mackenzie Financial Corp owned 0.10% of PepsiCo worth $206,173,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently bought and sold shares of PEP. Tcfg Wealth Management LLC lifted its holdings in PepsiCo by 3.5% during the fourth quarter. Tcfg Wealth Management LLC now owns 1,938 shares of the company's stock worth $295,000 after buying an additional 66 shares during the period. Marshall Financial Group LLC lifted its stake in shares of PepsiCo by 2.3% during the 4th quarter. Marshall Financial Group LLC now owns 3,128 shares of the company's stock worth $476,000 after purchasing an additional 70 shares during the last quarter. Osprey Private Wealth LLC grew its stake in PepsiCo by 0.5% in the fourth quarter. Osprey Private Wealth LLC now owns 15,060 shares of the company's stock valued at $2,290,000 after purchasing an additional 70 shares during the last quarter. TAGStone Capital Inc. raised its holdings in PepsiCo by 2.8% in the fourth quarter. TAGStone Capital Inc. now owns 2,527 shares of the company's stock worth $388,000 after purchasing an additional 70 shares in the last quarter. Finally, Lokken Investment Group LLC boosted its holdings in shares of PepsiCo by 0.9% in the 4th quarter. Lokken Investment Group LLC now owns 7,699 shares of the company's stock valued at $1,171,000 after buying an additional 70 shares in the last quarter. Hedge funds and other institutional investors own 73.07% of the company's stock.

Wall Street Analyst Weigh In

PEP has been the subject of several research analyst reports. HSBC decreased their price objective on shares of PepsiCo from $186.00 to $170.00 and set a "hold" rating for the company in a research report on Tuesday, February 4th. Morgan Stanley cut their target price on PepsiCo from $168.00 to $153.00 and set an "equal weight" rating on the stock in a research report on Friday, April 25th. CICC Research reaffirmed a "market perform" rating on shares of PepsiCo in a research report on Friday, February 7th. JPMorgan Chase & Co. raised their price objective on PepsiCo from $158.00 to $159.00 and gave the stock a "neutral" rating in a research note on Monday, April 21st. Finally, Jefferies Financial Group lowered PepsiCo from a "buy" rating to a "hold" rating and dropped their target price for the company from $171.00 to $170.00 in a research report on Wednesday, March 12th. One 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. According to data from MarketBeat.com, the company presently has an average rating of "Hold" and an average price target of $160.69.

PepsiCo Stock Up 0.0%

PEP traded up $0.02 on Wednesday, reaching $131.39. The company's stock had a trading volume of 2,742,134 shares, compared to its average volume of 6,489,297. The stock has a 50 day moving average of $138.84 and a two-hundred day moving average of $147.83. PepsiCo, Inc. has a fifty-two week low of $127.75 and a fifty-two week high of $180.91. The company has a quick ratio of 0.65, a current ratio of 0.82 and a debt-to-equity ratio of 2.05. The company has a market capitalization of $180.14 billion, a price-to-earnings ratio of 18.92, a P/E/G ratio of 3.09 and a beta of 0.47.

PepsiCo (NASDAQ:PEP - Get Free Report) last issued its quarterly earnings data on Thursday, April 24th. The company reported $1.48 earnings per share for the quarter, missing analysts' consensus estimates of $1.49 by ($0.01). PepsiCo had a net margin of 10.43% and a return on equity of 58.87%. The firm had revenue of $17.92 billion during the quarter, compared to analysts' expectations of $17.81 billion. During the same quarter in the prior year, the firm posted $1.61 EPS. PepsiCo's quarterly revenue was down 1.8% compared to the same quarter last year. As a group, analysts forecast 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 given a $1.4225 dividend. This represents a $5.69 dividend on an annualized basis and a yield of 4.33%. This is a positive change from PepsiCo's previous quarterly dividend of $1.36. The ex-dividend date of this dividend is Friday, June 6th. PepsiCo's dividend payout ratio (DPR) 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.