Northwest & Ethical Investments L.P. Raises Stake in PepsiCo, Inc. $PEP

Northwest & Ethical Investments L.P. grew its position in PepsiCo, Inc. (NASDAQ:PEP) by 72.8% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 55,339 shares of the company’s stock after purchasing an additional 23,322 shares during the quarter. Northwest & Ethical Investments L.P.’s holdings in PepsiCo were worth $7,307,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also recently modified their holdings of PEP. Claris Advisors LLC MO increased its holdings in PepsiCo by 14.1% in the 2nd quarter. Claris Advisors LLC MO now owns 2,490 shares of the company’s stock valued at $329,000 after acquiring an additional 308 shares during the last quarter. Foster Group Inc. grew its position in shares of PepsiCo by 4.6% during the second quarter. Foster Group Inc. now owns 5,169 shares of the company’s stock valued at $683,000 after purchasing an additional 229 shares in the last quarter. Merit Financial Group LLC increased its holdings in shares of PepsiCo by 46.4% in the second quarter. Merit Financial Group LLC now owns 114,344 shares of the company’s stock worth $15,098,000 after purchasing an additional 36,239 shares during the last quarter. Fulton Bank N.A. lifted its position in shares of PepsiCo by 2.5% in the second quarter. Fulton Bank N.A. now owns 25,309 shares of the company’s stock worth $3,342,000 after buying an additional 620 shares in the last quarter. Finally, Naples Global Advisors LLC boosted its stake in PepsiCo by 2.3% during the second quarter. Naples Global Advisors LLC now owns 26,270 shares of the company’s stock valued at $3,469,000 after buying an additional 592 shares during the last quarter. 73.07% of the stock is currently owned by institutional investors.

PepsiCo Trading Up 1.3%

PEP stock opened at $147.98 on Thursday. PepsiCo, Inc. has a twelve month low of $127.60 and a twelve month high of $165.13. The stock has a market capitalization of $202.34 billion, a price-to-earnings ratio of 28.13, a price-to-earnings-growth ratio of 3.56 and a beta of 0.45. The company has a quick ratio of 0.72, a current ratio of 0.91 and a debt-to-equity ratio of 2.26. The firm’s fifty day simple moving average is $145.72 and its two-hundred day simple moving average is $140.85.

PepsiCo (NASDAQ:PEP) last released its quarterly earnings results on Wednesday, October 8th. The company reported $2.29 EPS for the quarter, topping analysts’ consensus estimates of $2.26 by $0.03. The firm had revenue of $23.94 billion during the quarter, compared to analysts’ expectations of $23.91 billion. PepsiCo had a net margin of 7.82% and a return on equity of 57.58%. The firm’s revenue for the quarter was up 2.7% compared to the same quarter last year. During the same period in the previous year, the company earned $2.31 EPS. As a group, analysts anticipate that PepsiCo, Inc. will post 8.3 earnings per share for the current year.

PepsiCo Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, January 6th. Stockholders of record on Friday, December 5th will be paid a dividend of $1.4225 per share. The ex-dividend date of this dividend is Friday, December 5th. This represents a $5.69 dividend on an annualized basis and a dividend yield of 3.8%. PepsiCo’s dividend payout ratio is currently 108.17%.

Analyst Ratings Changes

A number of research firms have issued reports on PEP. Royal Bank Of Canada reduced their price objective on PepsiCo from $146.00 to $145.00 and set a “sector perform” rating on the stock in a research note on Monday, September 15th. The Goldman Sachs Group boosted their price target on shares of PepsiCo from $165.00 to $167.00 and gave the stock a “buy” rating in a research report on Friday, October 10th. Piper Sandler lowered their price objective on shares of PepsiCo from $162.00 to $161.00 and set an “overweight” rating for the company in a research report on Friday, November 21st. Jefferies Financial Group boosted their target price on shares of PepsiCo from $161.00 to $163.00 and gave the stock a “hold” rating in a report on Friday, October 10th. Finally, UBS Group decreased their target price on shares of PepsiCo from $175.00 to $170.00 and set a “buy” rating on the stock in a research report on Thursday, September 11th. Seven analysts have rated the stock with a Buy rating, fourteen have issued a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, PepsiCo presently has an average rating of “Hold” and an average price target of $156.90.

About PepsiCo

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.