Cibc World Market Inc. Has $106.68 Million Holdings in PepsiCo, Inc. $PEP

Cibc World Market Inc. lifted its position in shares of PepsiCo, Inc. (NASDAQ:PEP) by 191.8% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 759,590 shares of the company’s stock after acquiring an additional 499,321 shares during the quarter. Cibc World Market Inc. owned approximately 0.06% of PepsiCo worth $106,677,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Caprock Group LLC acquired a new stake in shares of PepsiCo during the third quarter valued at about $4,404,000. ING Groep NV increased its stake in shares of PepsiCo by 100.8% in the third quarter. ING Groep NV now owns 2,231,302 shares of the company’s stock valued at $313,364,000 after buying an additional 1,120,343 shares during the period. Krilogy Financial LLC raised its holdings in PepsiCo by 132.9% in the 3rd quarter. Krilogy Financial LLC now owns 28,755 shares of the company’s stock valued at $4,108,000 after buying an additional 16,408 shares during the last quarter. Madison Asset Management LLC boosted its position in PepsiCo by 12.0% during the 3rd quarter. Madison Asset Management LLC now owns 176,072 shares of the company’s stock worth $24,728,000 after buying an additional 18,809 shares during the period. Finally, Advisors Asset Management Inc. grew its holdings in PepsiCo by 5.1% during the 3rd quarter. Advisors Asset Management Inc. now owns 91,367 shares of the company’s stock worth $12,832,000 after acquiring an additional 4,425 shares during the last quarter. Institutional investors and hedge funds own 73.07% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on the stock. Weiss Ratings reaffirmed a “hold (c)” rating on shares of PepsiCo in a research note on Friday, January 9th. Morgan Stanley increased their price objective on PepsiCo from $165.00 to $180.00 and gave the company an “equal weight” rating in a report on Wednesday, February 4th. Royal Bank Of Canada reaffirmed a “sector perform” rating and set a $156.00 target price on shares of PepsiCo in a report on Wednesday, February 4th. Wells Fargo & Company upped their price target on PepsiCo from $154.00 to $165.00 and gave the company an “equal weight” rating in a research report on Wednesday, February 4th. Finally, JPMorgan Chase & Co. raised their price objective on PepsiCo from $164.00 to $176.00 and gave the stock an “overweight” rating in a research report on Wednesday, February 4th. Eight research analysts have rated the stock with a Buy rating, ten have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $167.68.

PepsiCo Stock Performance

Shares of PepsiCo stock opened at $166.97 on Wednesday. The business has a 50-day moving average price of $148.36 and a two-hundred day moving average price of $146.63. PepsiCo, Inc. has a 1-year low of $127.60 and a 1-year high of $170.75. The company has a current ratio of 0.85, a quick ratio of 0.67 and a debt-to-equity ratio of 2.06. The company has a market cap of $228.19 billion, a P/E ratio of 27.83, a PEG ratio of 3.18 and a beta of 0.40.

PepsiCo (NASDAQ:PEP) last announced its quarterly earnings data on Tuesday, February 3rd. The company reported $2.26 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.24 by $0.02. PepsiCo had a return on equity of 57.92% and a net margin of 8.77%.The company had revenue of $29.34 billion for the quarter, compared to the consensus estimate of $28.96 billion. During the same period in the previous year, the business earned $1.96 EPS. The firm’s revenue was up 5.6% compared to the same quarter last year. PepsiCo has set its FY 2026 guidance at 8.550-8.710 EPS. As a group, analysts anticipate that PepsiCo, Inc. will post 8.3 EPS for the current year.

PepsiCo announced that its board has authorized a stock repurchase plan on Tuesday, February 3rd that authorizes the company to repurchase $10.00 billion in shares. This repurchase authorization authorizes the company to purchase up to 4.7% of its shares through open market purchases. Shares repurchase plans are typically an indication that the company’s management believes its stock is undervalued.

PepsiCo Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 31st. Stockholders of record on Friday, March 6th will be paid a $1.4225 dividend. The ex-dividend date is Friday, March 6th. This represents a $5.69 annualized dividend and a dividend yield of 3.4%. PepsiCo’s payout ratio is currently 94.83%.

PepsiCo Company Profile

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.