Cibc World Market Inc. Buys 283,728 Shares of PepsiCo, Inc. (NASDAQ:PEP)

Cibc World Market Inc. raised its holdings in shares of PepsiCo, Inc. (NASDAQ:PEP - Free Report) by 156.2% in the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 465,414 shares of the company's stock after acquiring an additional 283,728 shares during the period. Cibc World Market Inc.'s holdings in PepsiCo were worth $70,771,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. Empowered Funds LLC increased its position in shares of PepsiCo by 9.2% in the 3rd quarter. Empowered Funds LLC now owns 99,785 shares of the company's stock valued at $16,968,000 after buying an additional 8,406 shares in the last quarter. Assenagon Asset Management S.A. increased its position in shares of PepsiCo by 104.2% in the 4th quarter. Assenagon Asset Management S.A. now owns 1,705,574 shares of the company's stock valued at $259,350,000 after buying an additional 870,451 shares in the last quarter. Hudson Valley Investment Advisors Inc. ADV increased its position in shares of PepsiCo by 12.8% in the 4th quarter. Hudson Valley Investment Advisors Inc. ADV now owns 41,580 shares of the company's stock valued at $6,323,000 after buying an additional 4,712 shares in the last quarter. Janus Henderson Group PLC increased its position in shares of PepsiCo by 11.0% in the 3rd quarter. Janus Henderson Group PLC now owns 350,225 shares of the company's stock valued at $59,549,000 after buying an additional 34,633 shares in the last quarter. Finally, IHT Wealth Management LLC increased its position in shares of PepsiCo by 19.3% in the 3rd quarter. IHT Wealth Management LLC now owns 32,267 shares of the company's stock valued at $5,493,000 after buying an additional 5,220 shares in the last quarter. Institutional investors own 73.07% of the company's stock.

Wall Street Analyst Weigh In

PEP has been the topic of several research reports. Wells Fargo & Company cut their price objective on shares of PepsiCo from $170.00 to $155.00 and set an "equal weight" rating on the stock in a research report on Tuesday, January 7th. Deutsche Bank Aktiengesellschaft cut their price objective 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. Royal Bank of Canada reaffirmed a "sector perform" rating and issued a $172.00 price objective on shares of PepsiCo in a research report on Wednesday. JPMorgan Chase & Co. cut their price objective on shares of PepsiCo from $183.00 to $165.00 and set a "neutral" rating on the stock in a research report on Friday, January 24th. Finally, Redburn Atlantic raised shares of PepsiCo to a "strong sell" rating in a research report on Thursday, October 10th. One research analyst has rated the stock with a sell rating, nine have issued a hold rating and nine have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of "Hold" and an average target price of $176.73.

PepsiCo Stock Down 0.3 %

Shares of NASDAQ PEP traded down $0.49 during trading on Friday, hitting $151.41. 1,432,280 shares of the company traded hands, compared to its average volume of 6,393,543. The business's fifty day moving average is $153.35 and its 200 day moving average is $164.97. PepsiCo, Inc. has a fifty-two week low of $141.51 and a fifty-two week high of $183.41. The firm has a market capitalization of $207.73 billion, a price-to-earnings ratio of 22.33, a P/E/G ratio of 2.91 and a beta of 0.54. The company has a debt-to-equity ratio of 1.96, a quick ratio of 0.70 and a current ratio of 0.89.

PepsiCo Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, January 6th. Stockholders of record on Friday, December 6th were given a dividend of $1.355 per share. This represents a $5.42 dividend on an annualized basis and a dividend yield of 3.58%. The ex-dividend date of this dividend was Friday, December 6th. PepsiCo's dividend payout ratio is currently 79.94%.

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.