PepsiCo, Inc. (NASDAQ:PEP) Shares Purchased by Mackenzie Financial Corp

Mackenzie Financial Corp grew 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 Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,355,869 shares of the company's stock after acquiring an additional 31,875 shares during the quarter. Mackenzie Financial Corp owned about 0.10% of PepsiCo worth $206,173,000 as of its most recent SEC filing.

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

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on the company. CICC Research reissued a "market perform" rating on shares of PepsiCo in a research report on Friday, February 7th. BNP Paribas cut their price target on PepsiCo from $162.00 to $160.00 and set a "neutral" rating on the stock in a research report on Tuesday, February 4th. Wall Street Zen lowered PepsiCo from a "buy" rating to a "hold" rating in a research report on Thursday, February 6th. Wells Fargo & Company lowered their target price on PepsiCo from $155.00 to $150.00 and set an "equal weight" rating on the stock in a research note on Wednesday, February 5th. Finally, HSBC lowered their target price on PepsiCo from $186.00 to $170.00 and set a "hold" rating on the stock in a research note on Tuesday, February 4th. One analyst has rated the stock with a sell rating, fifteen have issued a hold rating and four have given a buy rating to the stock. According to MarketBeat, PepsiCo currently has an average rating of "Hold" and an average target price of $160.69.

PepsiCo Stock Down 0.6%

Shares of PepsiCo stock opened at $129.34 on Friday. PepsiCo, Inc. has a twelve month low of $127.75 and a twelve month high of $180.91. The company has a current ratio of 0.82, a quick ratio of 0.65 and a debt-to-equity ratio of 2.05. The stock has a market capitalization of $177.34 billion, a price-to-earnings ratio of 18.61, a PEG ratio of 3.09 and a beta of 0.47. The business's 50 day simple moving average is $139.53 and its 200-day simple moving average is $148.42.

PepsiCo (NASDAQ:PEP - Get Free Report) last posted its 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 net margin of 10.43% and a return on equity of 58.87%. The business had revenue of $17.92 billion during the quarter, compared to analyst estimates of $17.81 billion. During the same quarter in the prior year, the business earned $1.61 earnings per share. The firm's revenue was down 1.8% compared to the same quarter last year. Equities research analysts forecast that PepsiCo, Inc. will post 8.3 earnings per share for the current year.

PepsiCo Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, June 30th. Shareholders of record on Friday, June 6th will be paid a dividend of $1.4225 per share. 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 4.40%. The ex-dividend date is Friday, June 6th. PepsiCo's dividend payout ratio (DPR) is presently 83.68%.

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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