PepsiCo, Inc. (NASDAQ:PEP) Shares Bought by QV Investors Inc.

QV Investors Inc. raised its position in PepsiCo, Inc. (NASDAQ:PEP - Free Report) by 22.3% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 116,785 shares of the company's stock after acquiring an additional 21,290 shares during the quarter. PepsiCo accounts for about 1.8% of QV Investors Inc.'s investment portfolio, making the stock its 16th largest holding. QV Investors Inc.'s holdings in PepsiCo were worth $17,511,000 at the end of the most recent reporting period.

A number of other institutional investors have also made changes to their positions in the company. NBC Securities Inc. increased its holdings in PepsiCo by 111,652.0% during the 1st quarter. NBC Securities Inc. now owns 27,938 shares of the company's stock worth $4,189,000 after purchasing an additional 27,913 shares during the last quarter. Talbot Financial LLC boosted its stake in PepsiCo by 1.9% during the 1st quarter. Talbot Financial LLC now owns 56,133 shares of the company's stock valued at $8,417,000 after acquiring an additional 1,050 shares during the last quarter. Douglas Lane & Associates LLC grew its holdings in PepsiCo by 6.5% during the 1st quarter. Douglas Lane & Associates LLC now owns 235,349 shares of the company's stock worth $35,288,000 after acquiring an additional 14,427 shares in the last quarter. American National Bank & Trust increased its position in shares of PepsiCo by 213.4% in the 1st quarter. American National Bank & Trust now owns 84,942 shares of the company's stock worth $12,736,000 after purchasing an additional 57,840 shares during the last quarter. Finally, Dakota Community Bank & Trust NA raised its stake in shares of PepsiCo by 29.3% in the 1st quarter. Dakota Community Bank & Trust NA now owns 2,543 shares of the company's stock valued at $381,000 after purchasing an additional 577 shares in the last quarter. 73.07% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on PEP shares. JPMorgan Chase & Co. lifted their price target on PepsiCo from $158.00 to $159.00 and gave the stock a "neutral" rating in a research note on Monday, April 21st. Jefferies Financial Group downgraded PepsiCo from a "buy" rating to a "hold" rating and reduced their target price for the stock from $171.00 to $170.00 in a report on Wednesday, March 12th. Barclays lowered their price target on PepsiCo from $143.00 to $135.00 and set an "equal weight" rating for the company in a report on Monday, April 28th. Evercore ISI set a $140.00 price objective on shares of PepsiCo in a report on Thursday, April 24th. Finally, Dbs Bank lowered shares of PepsiCo from a "strong-buy" rating to a "hold" rating in a research note on Friday, May 9th. One investment analyst has rated the stock with a sell rating, fifteen have assigned a hold rating and four have given a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus price target of $160.69.

PepsiCo Stock Performance

Shares of PEP stock traded up $0.94 during trading hours on Tuesday, reaching $131.85. The stock had a trading volume of 7,337,305 shares, compared to its average volume of 6,555,726. The firm has a market capitalization of $180.78 billion, a PE ratio of 18.97, a price-to-earnings-growth ratio of 3.09 and a beta of 0.47. The firm has a 50-day simple moving average of $137.62 and a 200-day simple moving average of $146.83. PepsiCo, Inc. has a twelve month low of $127.75 and a twelve month high of $180.91. The company has a debt-to-equity ratio of 2.05, a current ratio of 0.82 and a quick ratio of 0.65.

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

PepsiCo Increases Dividend

The firm also recently announced 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. The ex-dividend date of this dividend is Friday, June 6th. This represents a $5.69 annualized dividend and a yield of 4.32%. This is an increase from PepsiCo's previous quarterly dividend of $1.36. PepsiCo's payout ratio is presently 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.