QV Investors Inc. Boosts Stake in PepsiCo, Inc. $PEP

QV Investors Inc. lifted its holdings in shares of PepsiCo, Inc. (NASDAQ:PEP) by 30.5% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 153,015 shares of the company’s stock after buying an additional 35,760 shares during the period. PepsiCo makes up 1.9% of QV Investors Inc.’s portfolio, making the stock its 17th biggest position. QV Investors Inc.’s holdings in PepsiCo were worth $21,489,000 as of its most recent SEC filing.

A number of other hedge funds have also bought and sold shares of PEP. Claris Advisors LLC MO grew its stake in shares of PepsiCo by 14.1% during the 2nd quarter. Claris Advisors LLC MO now owns 2,490 shares of the company’s stock valued at $329,000 after purchasing an additional 308 shares during the period. Merit Financial Group LLC grew its position in PepsiCo by 46.4% during the second quarter. Merit Financial Group LLC now owns 114,344 shares of the company’s stock valued at $15,098,000 after buying an additional 36,239 shares during the period. Clayton Financial Group LLC purchased a new stake in PepsiCo during the third quarter valued at approximately $872,000. Avantax Advisory Services Inc. raised its position in PepsiCo by 2.6% in the second quarter. Avantax Advisory Services Inc. now owns 185,961 shares of the company’s stock worth $24,554,000 after acquiring an additional 4,627 shares during the period. Finally, Naples Global Advisors LLC boosted its stake in shares of PepsiCo by 2.3% during the 2nd quarter. Naples Global Advisors LLC now owns 26,270 shares of the company’s stock worth $3,469,000 after acquiring an additional 592 shares during the last quarter. Hedge funds and other institutional investors own 73.07% of the company’s stock.

PepsiCo Stock Performance

NASDAQ:PEP opened at $144.40 on Friday. The stock has a 50-day moving average price of $145.78 and a 200 day moving average price of $144.90. The stock has a market capitalization of $197.44 billion, a P/E ratio of 27.45, a P/E/G ratio of 4.81 and a beta of 0.42. PepsiCo, Inc. has a 12-month low of $127.60 and a 12-month high of $160.15. The company has a current ratio of 0.91, a quick ratio of 0.72 and a debt-to-equity ratio of 2.26.

PepsiCo Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, January 6th. Stockholders of record on Friday, December 5th were issued a $1.4225 dividend. This represents a $5.69 annualized dividend and a dividend yield of 3.9%. The ex-dividend date of this dividend was Friday, December 5th. PepsiCo’s payout ratio is 108.17%.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on PEP shares. HSBC upped their price objective on PepsiCo from $145.00 to $152.00 and gave the stock a “hold” rating in a research note on Friday, October 10th. The Goldman Sachs Group upped their price target on PepsiCo from $165.00 to $167.00 and gave the stock a “buy” rating in a research report on Friday, October 10th. Loop Capital set a $164.00 price objective on PepsiCo in a research note on Thursday, October 23rd. Rothschild & Co Redburn boosted their price objective on PepsiCo from $117.00 to $120.00 and gave the company a “sell” rating in a research note on Monday, December 15th. Finally, Evercore ISI raised their target price on shares of PepsiCo from $150.00 to $152.00 in a research note on Friday, October 10th. One equities research analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating, ten have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $159.29.

About PepsiCo

PepsiCo, Inc (NASDAQ: PEP) is a multinational food and beverage company headquartered in Purchase, New York. The company develops, manufactures, markets and sells a broad portfolio of branded food and beverage products, including carbonated and noncarbonated soft drinks, bottled water, sports drinks, juices, ready-to-drink teas and coffees, salty snacks, cereals, and other convenient foods. Its leading consumer brands include Pepsi, Mountain Dew, Gatorade, Tropicana, Quaker, Lay’s, Doritos and Cheetos, among others.

Formed through the 1965 merger of Pepsi-Cola and Frito-Lay, PepsiCo has grown into a global business with integrated manufacturing, distribution and marketing operations.