PepsiCo, Inc. (NASDAQ:PEP) Shares Acquired by Cibc World Markets Corp

Cibc World Markets Corp raised its holdings in shares of PepsiCo, Inc. (NASDAQ:PEP) by 20.1% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 523,875 shares of the company’s stock after acquiring an additional 87,501 shares during the period. Cibc World Markets Corp’s holdings in PepsiCo were worth $79,660,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of PEP. Collier Financial purchased a new position in shares of PepsiCo during the 4th quarter valued at approximately $28,000. Creative Capital Management Investments LLC purchased a new position in shares of PepsiCo during the 4th quarter valued at approximately $30,000. Legacy Investment Solutions LLC purchased a new position in shares of PepsiCo during the 3rd quarter valued at approximately $31,000. Bay Harbor Wealth Management LLC purchased a new position in shares of PepsiCo during the 4th quarter valued at approximately $34,000. Finally, Human Investing LLC purchased a new position in shares of PepsiCo during the 4th quarter valued at approximately $39,000. 73.07% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several brokerages recently commented on PEP. Wells Fargo & Company cut their price target on shares of PepsiCo from $155.00 to $150.00 and set an “equal weight” rating for the company in a report on Wednesday, February 5th. JPMorgan Chase & Co. dropped their target price on shares of PepsiCo from $183.00 to $165.00 and set a “neutral” rating for the company in a report on Friday, January 24th. HSBC dropped their target price on shares of PepsiCo from $186.00 to $170.00 and set a “hold” rating for the company in a report on Tuesday, February 4th. Morgan Stanley dropped their target price on shares of PepsiCo from $185.00 to $168.00 and set an “equal weight” rating for the company in a report on Wednesday, February 5th. Finally, Piper Sandler began coverage on shares of PepsiCo in a report on Tuesday, January 7th. They set an “overweight” rating and a $171.00 target price for the company. One investment analyst has rated the stock with a sell rating, thirteen have issued a hold rating and seven have assigned a buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Hold” and a consensus target price of $170.59.

PepsiCo Trading Up 0.2 %

NASDAQ PEP opened at $148.59 on Monday. The firm’s 50-day moving average is $148.76 and its two-hundred day moving average is $159.89. PepsiCo, Inc. has a 12 month low of $141.51 and a 12 month high of $183.41. The company has a debt-to-equity ratio of 2.05, a current ratio of 0.82 and a quick ratio of 0.65. The stock has a market capitalization of $203.79 billion, a P/E ratio of 21.38, a PEG ratio of 3.09 and a beta of 0.52.

PepsiCo (NASDAQ:PEP) last posted its earnings results on Tuesday, February 4th. The company reported $1.96 EPS for the quarter, beating analysts’ consensus estimates of $1.94 by $0.02. PepsiCo had a net margin of 10.43% and a return on equity of 58.87%. The company had revenue of $27.78 billion for the quarter, compared to analysts’ expectations of $27.89 billion. During the same quarter in the prior year, the company posted $1.78 earnings per share. PepsiCo’s revenue for the quarter was down .2% compared to the same quarter last year. On average, sell-side analysts anticipate that PepsiCo, Inc. will post 8.3 earnings per share for the current year.

PepsiCo Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Friday, March 7th will be given a dividend of $1.355 per share. The ex-dividend date of this dividend is Friday, March 7th. This represents a $5.42 annualized dividend and a dividend yield of 3.65%. PepsiCo’s dividend payout ratio is presently 77.99%.

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.