QV Investors Inc. Raises Holdings in PepsiCo, Inc. $PEP

QV Investors Inc. increased its position in PepsiCo, Inc. (NASDAQ:PEP) by 30.5% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 153,015 shares of the company’s stock after buying an additional 35,760 shares during the period. PepsiCo accounts for about 1.9% of QV Investors Inc.’s investment portfolio, making the stock its 17th biggest position. QV Investors Inc.’s holdings in PepsiCo were worth $21,489,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in the company. Evolution Wealth Management Inc. purchased a new position in shares of PepsiCo in the second quarter valued at $27,000. JCIC Asset Management Inc. bought a new position in PepsiCo during the third quarter valued at $27,000. Legend Financial Advisors Inc. purchased a new position in shares of PepsiCo in the 2nd quarter worth $29,000. Vermillion & White Wealth Management Group LLC increased its holdings in shares of PepsiCo by 107.1% in the 2nd quarter. Vermillion & White Wealth Management Group LLC now owns 234 shares of the company’s stock worth $31,000 after buying an additional 121 shares during the last quarter. Finally, Halbert Hargrove Global Advisors LLC raised its position in shares of PepsiCo by 667.7% during the 3rd quarter. Halbert Hargrove Global Advisors LLC now owns 238 shares of the company’s stock valued at $33,000 after buying an additional 207 shares in the last quarter. Hedge funds and other institutional investors own 73.07% of the company’s stock.

PepsiCo Stock Performance

Shares of PepsiCo stock opened at $144.40 on Friday. 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 stock’s fifty day moving average is $145.78 and its two-hundred day moving average is $144.90. PepsiCo, Inc. has a 52 week low of $127.60 and a 52 week high of $160.15. The company has a market capitalization of $197.44 billion, a PE ratio of 27.45, a price-to-earnings-growth ratio of 4.81 and a beta of 0.42.

PepsiCo Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, January 6th. Investors of record on Friday, December 5th were paid a $1.4225 dividend. This represents a $5.69 annualized dividend and a yield of 3.9%. The ex-dividend date of this dividend was Friday, December 5th. PepsiCo’s dividend payout ratio (DPR) is currently 108.17%.

Analysts Set New Price Targets

Several research analysts recently commented on PEP shares. Evercore ISI lifted their price target on PepsiCo from $150.00 to $152.00 in a research report on Friday, October 10th. The Goldman Sachs Group lifted their target price on PepsiCo from $165.00 to $167.00 and gave the stock a “buy” rating in a report on Friday, October 10th. Piper Sandler increased their price target on PepsiCo from $161.00 to $172.00 and gave the company an “overweight” rating in a report on Tuesday, December 9th. JPMorgan Chase & Co. raised shares of PepsiCo from a “neutral” rating to an “overweight” rating and lifted their price objective for the stock from $151.00 to $164.00 in a research note on Wednesday, December 10th. Finally, Loop Capital set a $164.00 price objective on shares of PepsiCo in a research report on Thursday, October 23rd. One investment analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating, ten have assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $159.29.

PepsiCo 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.