Bank of Montreal Can Buys 102,853 Shares of PepsiCo, Inc. (NASDAQ:PEP)

Bank of Montreal Can increased its position in shares of PepsiCo, Inc. (NASDAQ:PEP) by 2.9% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 3,658,983 shares of the company’s stock after purchasing an additional 102,853 shares during the quarter. Bank of Montreal Can owned 0.27% of PepsiCo worth $556,385,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of PEP. WealthTrak Capital Management LLC bought a new position in PepsiCo in the fourth quarter valued at about $28,000. Collier Financial bought a new stake in shares of PepsiCo during the 4th quarter valued at approximately $28,000. Legacy Investment Solutions LLC acquired a new position in PepsiCo during the 3rd quarter worth approximately $31,000. Creative Capital Management Investments LLC acquired a new stake in PepsiCo in the fourth quarter valued at approximately $30,000. Finally, Prudent Man Investment Management Inc. bought a new position in shares of PepsiCo in the 4th quarter valued at $30,000. 73.07% of the stock is owned by institutional investors.

PepsiCo Stock Performance

Shares of PEP opened at $146.61 on Monday. PepsiCo, Inc. has a one year low of $141.51 and a one year high of $183.41. The company has a market cap of $201.05 billion, a PE ratio of 21.09, a P/E/G ratio of 3.09 and a beta of 0.49. The stock has a 50-day moving average of $149.33 and a 200-day moving average of $156.94. The company has a debt-to-equity ratio of 2.05, a current ratio of 0.82 and a quick ratio of 0.65.

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

PepsiCo Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Friday, March 7th were issued a dividend of $1.355 per share. The ex-dividend date was Friday, March 7th. This represents a $5.42 annualized dividend and a yield of 3.70%. PepsiCo’s payout ratio is 77.99%.

Analyst Ratings Changes

A number of research analysts recently issued reports on the stock. JPMorgan Chase & Co. dropped their price objective on shares of PepsiCo from $183.00 to $165.00 and set a “neutral” rating for the company in a report on Friday, January 24th. BNP Paribas reduced their price objective on shares of PepsiCo from $162.00 to $160.00 and set a “neutral” rating on the stock in a research note on Tuesday, February 4th. Royal Bank of Canada began coverage on PepsiCo in a research report on Tuesday, February 4th. They set a $172.00 target price for the company. TD Cowen decreased their price target on PepsiCo from $183.00 to $160.00 and set a “hold” rating for the company in a research note on Wednesday, January 8th. Finally, Evercore ISI cut their price objective on PepsiCo from $180.00 to $160.00 in a research note on Tuesday, February 4th. One research analyst has rated the stock with a sell rating, thirteen have assigned a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of $169.88.

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.