Cardinal Capital Management Acquires 523 Shares of PepsiCo, Inc. (NASDAQ:PEP)

Cardinal Capital Management increased its holdings in PepsiCo, Inc. (NASDAQ:PEP) by 1.7% during the 1st quarter, according to its most recent Form 13F filing with the SEC. The fund owned 32,196 shares of the company’s stock after purchasing an additional 523 shares during the period. Cardinal Capital Management’s holdings in PepsiCo were worth $4,827,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of PEP. WealthTrak Capital Management LLC bought a new stake in PepsiCo in the fourth quarter worth $28,000. Creative Capital Management Investments LLC purchased a new stake in shares of PepsiCo in the fourth quarter valued at $30,000. Prudent Man Investment Management Inc. purchased a new stake in shares of PepsiCo in the fourth quarter valued at $30,000. Measured Risk Portfolios Inc. purchased a new stake in shares of PepsiCo in the fourth quarter valued at $31,000. Finally, Summit Securities Group LLC purchased a new stake in shares of PepsiCo in the fourth quarter valued at $33,000. Institutional investors own 73.07% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on the stock. Citigroup reduced their target price on shares of PepsiCo from $170.00 to $160.00 and set a “buy” rating on the stock in a research note on Friday, April 25th. Bank of America reduced their target price on shares of PepsiCo from $155.00 to $150.00 and set a “neutral” rating on the stock in a research note on Friday, April 25th. Barclays reduced their target price on shares of PepsiCo from $143.00 to $135.00 and set an “equal weight” rating on the stock in a research note on Monday, April 28th. JPMorgan Chase & Co. upped their price target on shares of PepsiCo from $158.00 to $159.00 and gave the stock a “neutral” rating in a report on Monday, April 21st. Finally, Morgan Stanley cut their price target on shares of PepsiCo from $168.00 to $153.00 and set an “equal weight” rating on the stock in a report on Friday, April 25th. One analyst has rated the stock with a sell rating, fifteen have issued a hold rating and four have given a buy rating to the stock. According to MarketBeat, PepsiCo has a consensus rating of “Hold” and an average price target of $160.69.

PepsiCo Stock Up 0.4%

Shares of PepsiCo stock opened at $131.41 on Tuesday. 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, Inc. has a 1 year low of $127.75 and a 1 year high of $180.91. The firm’s 50-day moving average is $134.45 and its two-hundred day moving average is $144.73. The stock has a market cap of $180.17 billion, a price-to-earnings ratio of 18.91, a PEG ratio of 3.09 and a beta of 0.45.

PepsiCo (NASDAQ:PEP) last released its quarterly earnings results on Thursday, April 24th. The company reported $1.48 earnings per share for the quarter, missing analysts’ consensus estimates of $1.49 by ($0.01). PepsiCo had a net margin of 10.43% and a return on equity of 58.87%. The firm had revenue of $17.92 billion during the quarter, compared to the consensus estimate of $17.81 billion. During the same quarter in the prior year, the business posted $1.61 earnings per share. The firm’s quarterly revenue was down 1.8% on a year-over-year basis. As a group, research analysts expect that PepsiCo, Inc. will post 8.3 earnings per share for the current fiscal year.

PepsiCo Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, June 30th. Stockholders of record on Friday, June 6th will be issued a $1.4225 dividend. This is a boost from PepsiCo’s previous quarterly dividend of $1.36. This represents a $5.69 dividend on an annualized basis and a dividend yield of 4.33%. The ex-dividend date of this dividend is Friday, June 6th. PepsiCo’s dividend payout ratio (DPR) is currently 83.68%.

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.