PepsiCo, Inc. (NASDAQ:PEP) Shares Bought by Intact Investment Management Inc.

Intact Investment Management Inc. grew its stake in shares of PepsiCo, Inc. (NASDAQ:PEP) by 19.0% in the fourth quarter, Holdings Channel.com reports. The fund owned 46,900 shares of the company’s stock after purchasing an additional 7,500 shares during the period. Intact Investment Management Inc.’s holdings in PepsiCo were worth $7,965,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently modified their holdings of the stock. Amplius Wealth Advisors LLC raised its holdings in PepsiCo by 2.8% in the 4th quarter. Amplius Wealth Advisors LLC now owns 2,241 shares of the company’s stock worth $381,000 after acquiring an additional 60 shares during the period. Darwin Wealth Management LLC raised its holdings in PepsiCo by 2.7% in the 3rd quarter. Darwin Wealth Management LLC now owns 2,345 shares of the company’s stock worth $397,000 after acquiring an additional 61 shares during the period. Sugarloaf Wealth Management LLC raised its holdings in PepsiCo by 2.6% in the 4th quarter. Sugarloaf Wealth Management LLC now owns 2,420 shares of the company’s stock worth $411,000 after acquiring an additional 61 shares during the period. Beacon Financial Advisory LLC grew its position in PepsiCo by 3.1% in the 3rd quarter. Beacon Financial Advisory LLC now owns 2,135 shares of the company’s stock worth $362,000 after purchasing an additional 65 shares during the last quarter. Finally, Pathway Financial Advisors LLC grew its position in PepsiCo by 4.5% in the 3rd quarter. Pathway Financial Advisors LLC now owns 1,506 shares of the company’s stock worth $255,000 after purchasing an additional 65 shares during the last quarter. 73.07% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

PEP has been the topic of several research analyst reports. Wedbush restated an “outperform” rating and issued a $195.00 price target on shares of PepsiCo in a research report on Tuesday. Jefferies Financial Group raised their price target on shares of PepsiCo from $199.00 to $209.00 and gave the stock a “buy” rating in a research report on Friday, April 5th. Argus lowered shares of PepsiCo from a “buy” rating to a “hold” rating in a research report on Wednesday, April 3rd. Barclays raised their price target on shares of PepsiCo from $184.00 to $185.00 and gave the stock an “overweight” rating in a research report on Thursday. Finally, Deutsche Bank Aktiengesellschaft raised their price target on shares of PepsiCo from $181.00 to $184.00 and gave the stock a “hold” rating in a research report on Friday, February 9th. Six equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $187.42.

PepsiCo Price Performance

Shares of PepsiCo stock traded down $1.10 during trading on Friday, hitting $175.58. 4,472,102 shares of the company’s stock traded hands, compared to its average volume of 5,365,961. The company has a market cap of $241.39 billion, a PE ratio of 26.40, a PEG ratio of 2.88 and a beta of 0.53. PepsiCo, Inc. has a twelve month low of $155.83 and a twelve month high of $196.88. The company has a debt-to-equity ratio of 1.96, a current ratio of 0.86 and a quick ratio of 0.68. The firm’s fifty day moving average price is $169.40 and its 200 day moving average price is $167.86.

PepsiCo (NASDAQ:PEP) last released its quarterly earnings results on Tuesday, April 23rd. The company reported $1.61 EPS for the quarter, beating analysts’ consensus estimates of $1.52 by $0.09. The firm had revenue of $18.25 billion for the quarter, compared to analyst estimates of $18.08 billion. PepsiCo had a net margin of 10.00% and a return on equity of 57.37%. The company’s revenue for the quarter was up 2.3% compared to the same quarter last year. During the same period in the previous year, the business earned $1.50 earnings per share. Analysts forecast that PepsiCo, Inc. will post 8.16 earnings per share for the current year.

PepsiCo Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, April 1st. Shareholders of record on Friday, March 1st were given a $1.265 dividend. The ex-dividend date of this dividend was Thursday, February 29th. This represents a $5.06 dividend on an annualized basis and a yield of 2.88%. PepsiCo’s dividend payout ratio (DPR) is presently 76.09%.

PepsiCo Company 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.