BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp Buys 33,538 Shares of PepsiCo, Inc. (NASDAQ:PEP)

BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp boosted its stake in PepsiCo, Inc. (NASDAQ:PEP) by 14.6% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 262,724 shares of the company’s stock after acquiring an additional 33,538 shares during the period. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp’s holdings in PepsiCo were worth $39,950,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Collier Financial purchased a new position in shares of PepsiCo in the fourth quarter worth about $28,000. WealthTrak Capital Management LLC bought a new position in shares of PepsiCo in the fourth quarter worth $28,000. Creative Capital Management Investments LLC purchased a new position in shares of PepsiCo in the fourth quarter valued at $30,000. Prudent Man Investment Management Inc. bought a new stake in shares of PepsiCo during the 4th quarter valued at $30,000. Finally, Measured Risk Portfolios Inc. purchased a new stake in PepsiCo during the 4th quarter worth about $31,000. 73.07% of the stock is currently owned by hedge funds and other institutional investors.

PepsiCo Price Performance

PEP stock opened at $131.80 on Wednesday. The firm has a market cap of $180.71 billion, a P/E ratio of 18.96, a P/E/G ratio of 3.09 and a beta of 0.47. The firm’s fifty day moving average is $140.72 and its 200 day moving average is $149.07. PepsiCo, Inc. has a 52 week low of $127.87 and a 52 week high of $182.13. The company has a debt-to-equity ratio of 2.05, a quick ratio of 0.65 and a current ratio of 0.82.

PepsiCo (NASDAQ:PEP) last announced its quarterly earnings data on Thursday, April 24th. The company reported $1.48 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.49 by ($0.01). PepsiCo had a net margin of 10.43% and a return on equity of 58.87%. The company had revenue of $17.92 billion for the quarter, compared to the consensus estimate of $17.81 billion. During the same period last year, the business posted $1.61 earnings per share. The firm’s quarterly revenue was down 1.8% compared to the same quarter last year. Research analysts predict that PepsiCo, Inc. will post 8.3 earnings per share for the current year.

PepsiCo Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, June 30th. Stockholders of record on Friday, June 6th will be issued a $1.4225 dividend. This is a boost from PepsiCo’s previous quarterly dividend of $1.36. The ex-dividend date is Friday, June 6th. This represents a $5.69 annualized dividend and a dividend yield of 4.32%. PepsiCo’s dividend payout ratio (DPR) is currently 83.68%.

Analysts Set New Price Targets

PEP has been the topic of several analyst reports. StockNews.com cut PepsiCo from a “buy” rating to a “hold” rating in a research report on Thursday, February 6th. Evercore ISI set a $140.00 target price on shares of PepsiCo in a research note on Thursday, April 24th. Dbs Bank lowered shares of PepsiCo from a “strong-buy” rating to a “hold” rating in a research report on Friday, May 9th. BNP Paribas lowered their price objective on PepsiCo from $162.00 to $160.00 and set a “neutral” rating on the stock in a research report on Tuesday, February 4th. Finally, Barclays decreased their target price on PepsiCo from $143.00 to $135.00 and set an “equal weight” rating on the stock in a research note on Monday, April 28th. One 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’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $160.69.

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.