PepsiCo, Inc. $PEP Shares Purchased by Northwest & Ethical Investments L.P.

Key Points

• Northwest & Ethical Investments L.P. increased its position in PepsiCo by 42.0% during the first quarter, owning a total of 32,017 shares worth $4.8 million.
• PepsiCo reported $2.12 earnings per share (EPS) for the last quarter, exceeding estimates by $0.09, with a year-over-year revenue growth of 1.0%.
• The company declared a quarterly dividend of $1.4225 per share, which translates to an annual yield of 3.8%, with a payout ratio of 103.64%.

Northwest & Ethical Investments L.P. increased its position in shares of PepsiCo, Inc. (NASDAQ:PEP - Free Report) by 42.0% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 32,017 shares of the company's stock after acquiring an additional 9,467 shares during the period. Northwest & Ethical Investments L.P.'s holdings in PepsiCo were worth $4,801,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of the stock. Steward Partners Investment Advisory LLC increased its stake in PepsiCo by 2.1% in the 1st quarter. Steward Partners Investment Advisory LLC now owns 145,200 shares of the company's stock worth $21,771,000 after purchasing an additional 3,004 shares in the last quarter. Tyler Stone Wealth Management increased its stake in PepsiCo by 7.6% in the 1st quarter. Tyler Stone Wealth Management now owns 5,807 shares of the company's stock worth $871,000 after purchasing an additional 412 shares in the last quarter. Schneider Downs Wealth Management Advisors LP increased its stake in PepsiCo by 10.8% in the 1st quarter. Schneider Downs Wealth Management Advisors LP now owns 2,244 shares of the company's stock worth $337,000 after purchasing an additional 218 shares in the last quarter. Forvis Mazars Wealth Advisors LLC increased its stake in PepsiCo by 2.6% in the 1st quarter. Forvis Mazars Wealth Advisors LLC now owns 32,908 shares of the company's stock worth $4,934,000 after purchasing an additional 839 shares in the last quarter. Finally, Boston Family Office LLC increased its stake in PepsiCo by 6.4% in the 1st quarter. Boston Family Office LLC now owns 63,927 shares of the company's stock worth $9,585,000 after purchasing an additional 3,871 shares in the last quarter. Hedge funds and other institutional investors own 73.07% of the company's stock.

PepsiCo Stock Up 1.2%

Shares of PepsiCo stock opened at $150.40 on Monday. The firm has a market cap of $205.91 billion, a price-to-earnings ratio of 27.40, a P/E/G ratio of 4.01 and a beta of 0.45. The company has a debt-to-equity ratio of 2.12, a current ratio of 0.78 and a quick ratio of 0.60. PepsiCo, Inc. has a 52-week low of $127.60 and a 52-week high of $179.73. The stock has a 50-day simple moving average of $137.39 and a 200-day simple moving average of $140.48.

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

PepsiCo Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, September 30th. Investors of record on Friday, September 5th will be issued a $1.4225 dividend. This represents a $5.69 annualized dividend and a yield of 3.8%. The ex-dividend date is Friday, September 5th. PepsiCo's payout ratio is 103.64%.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on PEP shares. Dbs Bank cut PepsiCo from a "strong-buy" rating to a "hold" rating in a research note on Friday, May 9th. Deutsche Bank Aktiengesellschaft reaffirmed a "buy" rating on shares of PepsiCo in a research note on Thursday, July 17th. Barclays lifted their target price on PepsiCo from $132.00 to $144.00 and gave the company an "equal weight" rating in a research note on Monday, July 21st. Cowen reaffirmed a "hold" rating on shares of PepsiCo in a research note on Thursday, July 17th. Finally, Evercore ISI set a $140.00 target price on PepsiCo in a research note on Thursday, April 24th. One analyst has rated the stock with a sell rating, fifteen have issued a hold rating and four have issued a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus target price of $158.73.

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.

Want to see what other hedge funds are holding PEP? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for PepsiCo, Inc. (NASDAQ:PEP - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.