Canada Pension Plan Investment Board Has $567.63 Million Position in PepsiCo, Inc. (NASDAQ:PEP)

Canada Pension Plan Investment Board raised its stake in PepsiCo, Inc. (NASDAQ:PEP - Free Report) by 13.9% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 3,732,919 shares of the company's stock after buying an additional 454,715 shares during the quarter. Canada Pension Plan Investment Board owned 0.27% of PepsiCo worth $567,628,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also modified their holdings of PEP. Assenagon Asset Management S.A. raised its position in shares of PepsiCo by 104.2% in the fourth quarter. Assenagon Asset Management S.A. now owns 1,705,574 shares of the company's stock valued at $259,350,000 after purchasing an additional 870,451 shares during the period. Hudson Valley Investment Advisors Inc. ADV lifted its position in PepsiCo by 12.8% in the fourth quarter. Hudson Valley Investment Advisors Inc. ADV now owns 41,580 shares of the company's stock worth $6,323,000 after purchasing an additional 4,712 shares during the period. Guinness Asset Management LTD boosted its position in shares of PepsiCo by 5.2% during the 4th quarter. Guinness Asset Management LTD now owns 1,236,788 shares of the company's stock valued at $188,031,000 after acquiring an additional 61,541 shares in the last quarter. WCM Investment Management LLC lifted its position in shares of PepsiCo by 147.6% during the 4th quarter. WCM Investment Management LLC now owns 14,692 shares of the company's stock worth $2,229,000 after buying an additional 8,759 shares during the period. Finally, Everence Capital Management Inc. lifted its holdings in shares of PepsiCo by 48.2% during the fourth quarter. Everence Capital Management Inc. now owns 56,089 shares of the company's stock valued at $8,529,000 after acquiring an additional 18,250 shares during the period. 73.07% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several brokerages have recently commented on PEP. BNP Paribas reduced their target price on PepsiCo from $162.00 to $160.00 and set a "neutral" rating on the stock in a report on Tuesday, February 4th. Bank of America restated a "neutral" rating and set a $155.00 target price (down previously from $185.00) on shares of PepsiCo in a report on Tuesday, April 15th. Deutsche Bank Aktiengesellschaft reduced their price target on shares of PepsiCo from $184.00 to $178.00 and set a "buy" rating on the stock in a research report on Wednesday, January 22nd. Evercore ISI dropped their target price on PepsiCo from $180.00 to $160.00 in a research report on Tuesday, February 4th. Finally, Citigroup cut their price objective on shares of PepsiCo from $195.00 to $170.00 and set a "buy" rating on the stock in a report on Wednesday, February 5th. One investment analyst has rated the stock with a sell rating, fourteen have issued a hold rating and five have given a buy rating to the stock. According to MarketBeat.com, PepsiCo presently has an average rating of "Hold" and a consensus target price of $167.76.

PepsiCo Stock Performance

NASDAQ PEP traded down $1.59 during trading on Monday, reaching $141.25. 1,406,311 shares of the company's stock were exchanged, compared to its average volume of 6,089,824. 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, Inc. has a fifty-two week low of $138.33 and a fifty-two week high of $183.41. The stock has a market capitalization of $193.70 billion, a P/E ratio of 20.32, a PEG ratio of 3.09 and a beta of 0.49. The business has a 50 day moving average price of $148.16 and a 200-day moving average price of $154.74.

PepsiCo (NASDAQ:PEP - Get Free Report) last released its earnings results on Tuesday, February 4th. The company reported $1.96 earnings per share for the quarter, topping the consensus estimate of $1.94 by $0.02. PepsiCo had a return on equity of 58.87% and a net margin of 10.43%. The firm had revenue of $27.78 billion during the quarter, compared to analysts' expectations of $27.89 billion. During the same period in the prior year, the company earned $1.78 earnings per share. The company's quarterly revenue was down .2% on a year-over-year basis. Sell-side analysts forecast that PepsiCo, Inc. will post 8.3 earnings per share for the current fiscal year.

PepsiCo Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, March 31st. Investors of record on Friday, March 7th were issued a dividend of $1.355 per share. This represents a $5.42 annualized dividend and a dividend yield of 3.84%. The ex-dividend date of this dividend was Friday, March 7th. PepsiCo's dividend payout ratio (DPR) is presently 77.99%.

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.