PepsiCo, Inc. (NASDAQ:PEP) Shares Bought by National Bank of Canada FI

National Bank of Canada FI boosted its position in PepsiCo, Inc. (NASDAQ:PEP - Free Report) by 6.9% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,762,555 shares of the company's stock after buying an additional 113,184 shares during the period. National Bank of Canada FI owned approximately 0.13% of PepsiCo worth $268,018,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. Collier Financial purchased a new stake in shares of PepsiCo in the fourth quarter valued at approximately $28,000. WealthTrak Capital Management LLC acquired a new stake in PepsiCo in the fourth quarter valued at $28,000. Creative Capital Management Investments LLC purchased a new stake in shares of PepsiCo during the 4th quarter worth $30,000. Prudent Man Investment Management Inc. purchased a new position in shares of PepsiCo in the 4th quarter valued at about $30,000. Finally, Legacy Investment Solutions LLC acquired a new stake in shares of PepsiCo in the third quarter valued at about $31,000. 73.07% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

PEP has been the subject of a number of research analyst reports. 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. Piper Sandler started coverage on PepsiCo in a report on Tuesday, January 7th. They set an "overweight" rating and a $171.00 price objective for the company. TD Cowen lowered their target price on PepsiCo from $183.00 to $160.00 and set a "hold" rating on the stock in a report on Wednesday, January 8th. CICC Research reaffirmed a "market perform" rating on shares of PepsiCo in a research note on Friday, February 7th. Finally, Deutsche Bank Aktiengesellschaft lowered their price objective on shares of PepsiCo from $184.00 to $178.00 and set a "buy" rating on the stock in a research note on Wednesday, January 22nd. One analyst has rated the stock with a sell rating, fourteen have issued a hold rating and six have given a buy rating to the company's stock. According to data from MarketBeat, the company currently has a consensus rating of "Hold" and a consensus target price of $169.88.

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PepsiCo Trading Down 0.2 %

NASDAQ:PEP traded down $0.27 during trading hours on Tuesday, reaching $149.67. 6,071,734 shares of the company were exchanged, compared to its average volume of 5,897,074. The stock has a 50 day simple moving average of $149.30 and a 200 day simple moving average of $157.52. PepsiCo, Inc. has a 52-week low of $141.51 and a 52-week 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 firm has a market cap of $205.27 billion, a price-to-earnings ratio of 21.54, a PEG ratio of 3.09 and a beta of 0.52.

PepsiCo (NASDAQ:PEP - Get Free Report) last posted its earnings results on Tuesday, February 4th. The company reported $1.96 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.94 by $0.02. The firm had revenue of $27.78 billion during the quarter, compared to the consensus estimate of $27.89 billion. PepsiCo had a net margin of 10.43% and a return on equity of 58.87%. The company's revenue was down .2% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.78 EPS. As a group, analysts predict that PepsiCo, Inc. will post 8.3 EPS for the current 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 $1.355 dividend. The ex-dividend date was Friday, March 7th. This represents a $5.42 annualized dividend and a yield of 3.62%. PepsiCo's dividend payout ratio is currently 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.