Intact Investment Management Inc. Buys 7,500 Shares of PepsiCo, Inc. (NASDAQ:PEP)

Intact Investment Management Inc. raised its stake in shares of PepsiCo, Inc. (NASDAQ:PEP) by 19.0% in the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 46,900 shares of the company’s stock after purchasing an additional 7,500 shares during the period. Intact Investment Management Inc.’s holdings in PepsiCo were worth $7,965,000 as of its most recent SEC filing.

Several other hedge funds have also bought and sold shares of PEP. LFA Lugano Financial Advisors SA boosted its stake in PepsiCo by 80.5% during the fourth quarter. LFA Lugano Financial Advisors SA now owns 157 shares of the company’s stock valued at $27,000 after buying an additional 70 shares during the last quarter. Life Planning Partners Inc bought a new position in PepsiCo during the fourth quarter valued at approximately $34,000. Naples Money Management LLC bought a new position in PepsiCo during the fourth quarter valued at approximately $36,000. Criterion Capital Advisors LLC bought a new position in PepsiCo during the fourth quarter valued at approximately $39,000. Finally, Avion Wealth boosted its stake in PepsiCo by 61.7% during the fourth quarter. Avion Wealth now owns 241 shares of the company’s stock valued at $41,000 after buying an additional 92 shares during the last quarter. Institutional investors own 73.07% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on the company. Citigroup raised PepsiCo from a “neutral” rating to a “buy” rating and raised their price objective for the company from $180.00 to $195.00 in a research note on Monday, February 12th. Jefferies Financial Group raised their price target on PepsiCo from $199.00 to $209.00 and gave the stock a “buy” rating in a research note on Friday, April 5th. Argus lowered PepsiCo from a “buy” rating to a “hold” rating in a research note on Wednesday, April 3rd. JPMorgan Chase & Co. raised their price target on PepsiCo from $178.00 to $181.00 and gave the stock a “neutral” rating in a research note on Wednesday. Finally, Morgan Stanley raised PepsiCo from an “equal weight” rating to an “overweight” rating and set a $190.00 price target for the company in a research note on Monday, March 18th. Six research analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $187.42.

PepsiCo Stock Down 0.6 %

Shares of PepsiCo stock traded down $1.10 during trading on Friday, reaching $175.58. The company’s stock had a trading volume of 4,472,102 shares, compared to its average volume of 5,365,961. The company has a quick ratio of 0.68, a current ratio of 0.86 and a debt-to-equity ratio of 1.96. The company has a market cap of $241.39 billion, a price-to-earnings ratio of 26.40, a P/E/G ratio of 2.88 and a beta of 0.53. PepsiCo, Inc. has a 1-year low of $155.83 and a 1-year high of $196.88. The company has a 50-day simple moving average of $169.40 and a two-hundred day simple moving average of $167.86.

PepsiCo (NASDAQ:PEP) last issued its quarterly earnings results on Tuesday, April 23rd. The company reported $1.61 EPS for the quarter, topping analysts’ consensus estimates of $1.52 by $0.09. PepsiCo had a return on equity of 57.37% and a net margin of 10.00%. The company had revenue of $18.25 billion during the quarter, compared to analysts’ expectations of $18.08 billion. During the same quarter in the previous year, the firm posted $1.50 EPS. The firm’s revenue was up 2.3% compared to the same quarter last year. As a group, equities analysts forecast that PepsiCo, Inc. will post 8.16 earnings per share for the current year.

PepsiCo Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, April 1st. Shareholders of record on Friday, March 1st were given a dividend of $1.265 per share. The ex-dividend date was Thursday, February 29th. This represents a $5.06 dividend on an annualized basis and a yield of 2.88%. PepsiCo’s dividend payout ratio is currently 76.09%.

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.