Caisse DE Depot ET Placement DU Quebec Has $215.57 Million Stock Position in PepsiCo, Inc. (NASDAQ:PEP)

Caisse DE Depot ET Placement DU Quebec trimmed its position in shares of PepsiCo, Inc. (NASDAQ:PEP) by 1.3% during the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 1,267,691 shares of the company’s stock after selling 16,464 shares during the quarter. Caisse DE Depot ET Placement DU Quebec’s holdings in PepsiCo were worth $215,571,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. Global Wealth Strategies & Associates increased its holdings in shares of PepsiCo by 59.0% in the third quarter. Global Wealth Strategies & Associates now owns 159 shares of the company’s stock valued at $27,000 after purchasing an additional 59 shares in the last quarter. Highline Wealth Partners LLC acquired a new position in shares of PepsiCo during the 3rd quarter worth about $28,000. POM Investment Strategies LLC increased its stake in PepsiCo by 141.3% in the second quarter. POM Investment Strategies LLC now owns 181 shares of the company’s stock valued at $30,000 after purchasing an additional 106 shares in the last quarter. Summit Securities Group LLC acquired a new stake in PepsiCo during the 2nd quarter worth $30,000. Finally, Mattson Financial Services LLC acquired a new stake in shares of PepsiCo during the second quarter worth about $34,000. Institutional investors own 73.07% of the company’s stock.

PepsiCo Price Performance

PEP stock opened at $163.45 on Friday. 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, Inc. has a 52-week low of $155.85 and a 52-week high of $183.41. The company has a fifty day moving average price of $167.79 and a 200-day moving average price of $170.43. The company has a market capitalization of $224.25 billion, a P/E ratio of 24.11, a PEG ratio of 3.03 and a beta of 0.53.

PepsiCo (NASDAQ:PEP) last issued its quarterly earnings data on Tuesday, October 8th. The company reported $2.31 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.30 by $0.01. The firm had revenue of $23.32 billion during the quarter, compared to analysts’ expectations of $23.86 billion. PepsiCo had a net margin of 10.18% and a return on equity of 57.32%. The business’s revenue was down .6% on a year-over-year basis. During the same period last year, the company earned $2.25 earnings per share. As a group, equities analysts expect that PepsiCo, Inc. will post 8.15 EPS for the current year.

PepsiCo Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, January 6th. Stockholders of record on Friday, December 6th will be issued a $1.355 dividend. This represents a $5.42 dividend on an annualized basis and a dividend yield of 3.32%. The ex-dividend date is Friday, December 6th. PepsiCo’s payout ratio is currently 79.94%.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on PEP. Bank of America reduced their target price on shares of PepsiCo from $190.00 to $185.00 and set a “buy” rating for the company in a research note on Monday, September 30th. Hsbc Global Res upgraded shares of PepsiCo to a “hold” rating in a research note on Thursday, October 10th. JPMorgan Chase & Co. decreased their target price on PepsiCo from $185.00 to $183.00 and set a “neutral” rating on the stock in a report on Wednesday, October 9th. Morgan Stanley cut shares of PepsiCo from an “overweight” rating to an “equal weight” rating and set a $185.00 price target on the stock. in a report on Friday, September 20th. Finally, Royal Bank of Canada reduced their target price on shares of PepsiCo from $177.00 to $176.00 and set a “sector perform” rating for the company in a research report on Friday, October 4th. One analyst has rated the stock with a sell rating, ten have issued a hold rating and six have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $183.92.

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.