Northwest & Ethical Investments L.P. Has $3.43 Million Holdings in PepsiCo, Inc. (NASDAQ:PEP)

Northwest & Ethical Investments L.P. lowered its stake in PepsiCo, Inc. (NASDAQ:PEP) by 13.5% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 22,550 shares of the company’s stock after selling 3,519 shares during the quarter. Northwest & Ethical Investments L.P.’s holdings in PepsiCo were worth $3,429,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of PEP. Collier Financial bought a new stake in shares of PepsiCo during the fourth quarter valued at approximately $28,000. Legacy Investment Solutions LLC acquired a new position in PepsiCo during the third quarter worth $31,000. Creative Capital Management Investments LLC bought a new position in shares of PepsiCo in the fourth quarter valued at $30,000. Bay Harbor Wealth Management LLC acquired a new position in shares of PepsiCo during the fourth quarter valued at about $34,000. Finally, Human Investing LLC bought a new stake in shares of PepsiCo during the fourth quarter worth about $39,000. Institutional investors and hedge funds own 73.07% of the company’s stock.

PepsiCo Trading Down 0.6 %

Shares of PEP opened at $147.15 on Friday. The firm has a market cap of $201.82 billion, a P/E ratio of 21.17, a price-to-earnings-growth ratio of 3.09 and a beta of 0.52. PepsiCo, Inc. has a fifty-two week low of $141.51 and a fifty-two week high of $183.41. The company has a debt-to-equity ratio of 2.05, a quick ratio of 0.65 and a current ratio of 0.82. The business has a 50-day moving average of $148.98 and a 200 day moving average of $159.41.

PepsiCo (NASDAQ:PEP) last posted its quarterly earnings results on Tuesday, February 4th. The company reported $1.96 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.94 by $0.02. The company had revenue of $27.78 billion for the quarter, compared to analyst estimates of $27.89 billion. PepsiCo had a net margin of 10.43% and a return on equity of 58.87%. The company’s quarterly revenue was down .2% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.78 earnings per share. As a group, research analysts forecast that PepsiCo, Inc. will post 8.3 EPS for the current year.

PepsiCo Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Friday, March 7th will be given a $1.355 dividend. This represents a $5.42 annualized dividend and a dividend yield of 3.68%. The ex-dividend date is Friday, March 7th. PepsiCo’s dividend payout ratio (DPR) is presently 77.99%.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on PEP shares. CICC Research reiterated a “market perform” rating on shares of PepsiCo in a research note on Friday, February 7th. Piper Sandler initiated coverage on PepsiCo in a research report on Tuesday, January 7th. They set an “overweight” rating and a $171.00 target price on the stock. JPMorgan Chase & Co. dropped their price objective on PepsiCo from $183.00 to $165.00 and set a “neutral” rating on the stock in a research note on Friday, January 24th. Evercore ISI reduced their target price on shares of PepsiCo from $180.00 to $160.00 in a research note on Tuesday, February 4th. Finally, TD Cowen dropped their price target on shares of PepsiCo from $183.00 to $160.00 and set a “hold” rating on the stock in a research report on Wednesday, January 8th. One investment analyst has rated the stock with a sell rating, fourteen have assigned a hold rating and six have issued a buy rating to the company. According to data from MarketBeat.com, PepsiCo has an average rating of “Hold” and a consensus price target of $169.88.

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.