Public Sector Pension Investment Board Purchases 16,200 Shares of PepsiCo, Inc. (NASDAQ:PEP)

Public Sector Pension Investment Board lifted its stake in PepsiCo, Inc. (NASDAQ:PEP - Free Report) by 30.7% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 69,036 shares of the company's stock after purchasing an additional 16,200 shares during the quarter. Public Sector Pension Investment Board's holdings in PepsiCo were worth $11,740,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in PEP. Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in shares of PepsiCo by 2.0% in the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 570,680 shares of the company's stock worth $97,044,000 after purchasing an additional 11,226 shares in the last quarter. FORA Capital LLC boosted its position in shares of PepsiCo by 0.5% during the third quarter. FORA Capital LLC now owns 61,393 shares of the company's stock valued at $10,440,000 after buying an additional 313 shares during the last quarter. CreativeOne Wealth LLC increased its holdings in PepsiCo by 147.7% in the 3rd quarter. CreativeOne Wealth LLC now owns 39,456 shares of the company's stock worth $6,710,000 after buying an additional 23,527 shares in the last quarter. Healthcare of Ontario Pension Plan Trust Fund lifted its stake in PepsiCo by 53.3% during the 3rd quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 946,113 shares of the company's stock valued at $160,887,000 after acquiring an additional 329,099 shares during the period. Finally, Insight Wealth Partners LLC grew its stake in shares of PepsiCo by 16.7% in the third quarter. Insight Wealth Partners LLC now owns 2,688 shares of the company's stock worth $457,000 after acquiring an additional 384 shares during the period. Institutional investors own 73.07% of the company's stock.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on the stock. Morgan Stanley cut shares of PepsiCo from an "overweight" rating to an "equal weight" rating and set a $185.00 target price on the stock. in a report on Friday, September 20th. Redburn Atlantic raised shares of PepsiCo to a "strong sell" rating in a research report on Thursday, October 10th. Deutsche Bank Aktiengesellschaft dropped their price objective on shares of PepsiCo from $180.00 to $179.00 and set a "hold" rating on the stock in a report on Wednesday, October 9th. Barclays decreased their price target on shares of PepsiCo from $186.00 to $183.00 and set an "overweight" rating on the stock in a research report on Thursday, October 10th. Finally, Bank of America cut their price objective on shares of PepsiCo from $190.00 to $185.00 and set a "buy" rating for the company in a research report on Monday, September 30th. One research analyst has rated the stock with a sell rating, ten have assigned a hold rating and six have assigned a buy rating to the company's stock. According to data from MarketBeat.com, PepsiCo currently has an average rating of "Hold" and an average price target of $183.92.

PepsiCo Price Performance

PepsiCo stock traded up $0.73 during midday trading on Friday, reaching $163.45. 2,798,971 shares of the stock traded hands, compared to its average volume of 5,477,300. The stock has a market cap of $224.25 billion, a P/E ratio of 24.11, a PEG ratio of 3.03 and a beta of 0.53. The stock's fifty day moving average is $167.79 and its 200-day moving average is $170.43. The company has a quick ratio of 0.70, a current ratio of 0.89 and a debt-to-equity ratio of 1.96. PepsiCo, Inc. has a 12 month low of $155.85 and a 12 month high of $183.41.

PepsiCo (NASDAQ:PEP - Get Free Report) last posted its earnings results on Tuesday, October 8th. The company reported $2.31 earnings per share for the quarter, beating analysts' consensus estimates of $2.30 by $0.01. The firm had revenue of $23.32 billion during the quarter, compared to analyst estimates of $23.86 billion. PepsiCo had a net margin of 10.18% and a return on equity of 57.32%. PepsiCo's revenue for the quarter was down .6% compared to the same quarter last year. During the same period last year, the firm posted $2.25 earnings per share. As a group, equities research analysts anticipate that PepsiCo, Inc. will post 8.15 EPS for the current year.

PepsiCo Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, January 6th. Investors of record on Friday, December 6th will be given a $1.355 dividend. The ex-dividend date is Friday, December 6th. This represents a $5.42 annualized dividend and a yield of 3.32%. PepsiCo's dividend payout ratio is currently 79.94%.

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.