QV Investors Inc. Boosts Stock Holdings in PepsiCo, Inc. (NASDAQ:PEP)

QV Investors Inc. increased its stake in PepsiCo, Inc. (NASDAQ:PEP) by 1.3% in the fourth quarter, HoldingsChannel reports. The fund owned 95,495 shares of the company’s stock after purchasing an additional 1,220 shares during the period. PepsiCo makes up about 1.5% of QV Investors Inc.’s portfolio, making the stock its 25th biggest position. QV Investors Inc.’s holdings in PepsiCo were worth $14,521,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also bought and sold shares of the company. Oppenheimer Asset Management Inc. increased its holdings in PepsiCo by 20.6% during the 2nd quarter. Oppenheimer Asset Management Inc. now owns 76,818 shares of the company’s stock valued at $12,670,000 after purchasing an additional 13,134 shares during the period. Prosperity Consulting Group LLC increased its position in PepsiCo by 9.9% during the 2nd quarter. Prosperity Consulting Group LLC now owns 6,777 shares of the company’s stock valued at $1,118,000 after purchasing an additional 613 shares during the period. J.W. Cole Advisors Inc. lifted its position in shares of PepsiCo by 46.6% in the 2nd quarter. J.W. Cole Advisors Inc. now owns 20,383 shares of the company’s stock worth $3,362,000 after purchasing an additional 6,477 shares during the period. Lyell Wealth Management LP boosted its stake in shares of PepsiCo by 8.3% during the 2nd quarter. Lyell Wealth Management LP now owns 30,836 shares of the company’s stock valued at $5,086,000 after purchasing an additional 2,364 shares in the last quarter. Finally, Hoge Financial Services LLC increased its position in shares of PepsiCo by 6.1% during the second quarter. Hoge Financial Services LLC now owns 3,225 shares of the company’s stock valued at $532,000 after buying an additional 184 shares during the period. 73.07% of the stock is currently owned by institutional investors.

PepsiCo Stock Performance

Shares of PEP stock traded up $2.00 during mid-day trading on Monday, reaching $144.64. 3,539,900 shares of the company’s stock traded hands, compared to its average volume of 6,714,237. PepsiCo, Inc. has a 12 month low of $141.51 and a 12 month high of $183.41. The firm has a 50 day moving average price of $157.35 and a two-hundred day moving average price of $166.50. The firm has a market capitalization of $198.44 billion, a PE ratio of 21.33, a price-to-earnings-growth ratio of 2.94 and a beta of 0.54. The company has a debt-to-equity ratio of 1.96, a quick ratio of 0.70 and a current ratio of 0.89.

PepsiCo Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, January 6th. Investors of record on Friday, December 6th were paid a dividend of $1.355 per share. The ex-dividend date of this dividend was Friday, December 6th. This represents a $5.42 dividend on an annualized basis and a dividend yield of 3.75%. PepsiCo’s dividend payout ratio (DPR) is presently 79.94%.

Analyst Upgrades and Downgrades

PEP has been the subject of a number of research analyst reports. TD Cowen lowered their target price on PepsiCo from $183.00 to $160.00 and set a “hold” rating for the company in a research note on Wednesday, January 8th. Royal Bank of Canada dropped their target price on shares of PepsiCo from $177.00 to $176.00 and set a “sector perform” rating on the stock in a report on Friday, October 4th. Hsbc Global Res upgraded shares of PepsiCo to a “hold” rating in a research note on Thursday, October 10th. Deutsche Bank Aktiengesellschaft upgraded shares of PepsiCo from a “hold” rating to a “buy” rating and upped their price objective for the stock from $179.00 to $184.00 in a report on Thursday, December 12th. Finally, Wells Fargo & Company lowered their target price on shares of PepsiCo from $170.00 to $155.00 and set an “equal weight” rating for the company in a report on Tuesday, January 7th. One equities research analyst has rated the stock with a sell rating, nine have issued a hold rating and eight have issued a buy rating to the stock. According to MarketBeat, PepsiCo currently has a consensus rating of “Hold” and a consensus price target of $180.64.

PepsiCo Company 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.