Scotia Capital Inc. Has $116.38 Million Stock Holdings in PepsiCo, Inc. (NASDAQ:PEP)

Scotia Capital Inc. increased its holdings in shares of PepsiCo, Inc. (NASDAQ:PEP) by 11.1% in the 1st quarter, Holdings Channel.com reports. The firm owned 776,167 shares of the company’s stock after acquiring an additional 77,434 shares during the quarter. Scotia Capital Inc.’s holdings in PepsiCo were worth $116,379,000 as of its most recent filing with the SEC.

Several other large investors have also made changes to their positions in PEP. Elite Financial Inc. acquired a new position in PepsiCo in the 1st quarter valued at approximately $28,000. Measured Risk Portfolios Inc. acquired a new position in PepsiCo in the 4th quarter valued at approximately $31,000. GKV Capital Management Co. Inc. acquired a new position in PepsiCo in the 4th quarter valued at approximately $38,000. Bridge Generations Wealth Management LLC acquired a new position in PepsiCo in the 4th quarter valued at approximately $38,000. Finally, Sunbeam Capital Management LLC acquired a new position in PepsiCo in the 4th quarter valued at approximately $47,000. Institutional investors and hedge funds own 73.07% of the company’s stock.

PepsiCo Stock Up 1.0%

Shares of PEP opened at $139.28 on Friday. The firm has a market capitalization of $190.69 billion, a price-to-earnings ratio of 25.37, a PEG ratio of 3.71 and a beta of 0.45. The company has a debt-to-equity ratio of 2.12, a quick ratio of 0.60 and a current ratio of 0.78. The business’s fifty day moving average price is $134.63 and its two-hundred day moving average price is $140.87. PepsiCo, Inc. has a 52 week low of $127.60 and a 52 week high of $180.91.

PepsiCo (NASDAQ:PEP) last announced its quarterly earnings data on Thursday, July 17th. The company reported $2.12 EPS for the quarter, beating analysts’ consensus estimates of $2.03 by $0.09. The firm had revenue of $22.73 billion for the quarter, compared to analyst estimates of $22.28 billion. PepsiCo had a return on equity of 57.81% and a net margin of 8.23%. The business’s quarterly revenue was up 1.0% compared to the same quarter last year. During the same period last year, the company earned $2.28 EPS. On average, analysts predict that PepsiCo, Inc. will post 8.3 earnings per share for the current year.

PepsiCo Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, September 30th. Stockholders of record on Friday, September 5th will be given a $1.4225 dividend. This represents a $5.69 annualized dividend and a dividend yield of 4.1%. The ex-dividend date is Friday, September 5th. PepsiCo’s dividend payout ratio (DPR) is currently 103.64%.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on the company. Dbs Bank cut PepsiCo from a “strong-buy” rating to a “hold” rating in a report on Friday, May 9th. Royal Bank Of Canada reissued a “sector perform” rating and issued a $148.00 target price on shares of PepsiCo in a report on Tuesday, June 24th. Wells Fargo & Company increased their target price on PepsiCo from $140.00 to $154.00 and gave the stock an “equal weight” rating in a report on Friday, July 18th. Evercore ISI set a $140.00 target price on PepsiCo in a report on Thursday, April 24th. Finally, Citigroup increased their target price on PepsiCo from $160.00 to $168.00 and gave the stock a “buy” rating in a report on Friday, July 18th. One analyst has rated the stock with a sell rating, fifteen have assigned a hold rating and four have given a buy rating to the company’s stock. According to data from MarketBeat.com, PepsiCo has an average rating of “Hold” and an average target price of $158.73.

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.