NS Partners Ltd Increases Stock Holdings in PepsiCo, Inc. (NASDAQ:PEP)

NS Partners Ltd raised its stake in PepsiCo, Inc. (NASDAQ:PEP) by 3.9% during the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 129,712 shares of the company’s stock after purchasing an additional 4,913 shares during the period. PepsiCo accounts for about 1.4% of NS Partners Ltd’s holdings, making the stock its 25th biggest position. NS Partners Ltd’s holdings in PepsiCo were worth $15,578,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently made changes to their positions in the company. PSI Advisors LLC acquired a new stake in shares of PepsiCo in the fourth quarter valued at approximately $25,000. Evolution Wealth Advisors LLC lifted its holdings in shares of PepsiCo by 221.0% during the fourth quarter. Evolution Wealth Advisors LLC now owns 199 shares of the company’s stock worth $27,000 after purchasing an additional 137 shares during the period. Beutel Goodman & Co Ltd. acquired a new stake in shares of PepsiCo during the fourth quarter worth $27,000. Permanens Capital L.P. lifted its holdings in shares of PepsiCo by 511.4% during the fourth quarter. Permanens Capital L.P. now owns 269 shares of the company’s stock worth $37,000 after purchasing an additional 225 shares during the period. Finally, New England Investment & Retirement Group Inc. acquired a new stake in shares of PepsiCo during the first quarter worth $41,000. Institutional investors own 70.71% of the company’s stock.

PEP has been the subject of several recent research reports. Goldman Sachs Group initiated coverage on PepsiCo in a report on Wednesday, April 1st. They set a “conviction-buy” rating for the company. Evercore ISI raised PepsiCo from an “in-line” rating to an “outperform” rating and set a $130.00 target price for the company in a report on Tuesday, March 17th. Guggenheim raised their target price on PepsiCo from $134.00 to $145.00 and gave the company a “buy” rating in a report on Wednesday, April 29th. DZ Bank reissued a “buy” rating and issued a $136.00 target price on shares of PepsiCo in a report on Thursday, March 26th. Finally, Cfra raised their target price on PepsiCo from $145.00 to $150.00 and gave the company a “strong-buy” rating in a report on Tuesday, April 28th. Eight investment analysts have rated the stock with a hold rating, twelve have assigned a buy rating and two have given a strong buy rating to the stock. PepsiCo has an average rating of “Buy” and a consensus target price of $142.00.

Shares of PEP stock traded up $0.19 during mid-day trading on Wednesday, reaching $132.82. The stock had a trading volume of 5,423,611 shares, compared to its average volume of 6,234,009. PepsiCo, Inc. has a 12-month low of $101.42 and a 12-month high of $147.20. The company has a market cap of $184.52 billion, a P/E ratio of 25.80, a price-to-earnings-growth ratio of 5.08 and a beta of 0.59. The business has a 50-day simple moving average of $133.06 and a 200 day simple moving average of $134.62. The company has a current ratio of 1.10, a quick ratio of 0.94 and a debt-to-equity ratio of 2.61.

PepsiCo (NASDAQ:PEP) last posted its quarterly earnings data on Tuesday, April 28th. The company reported $1.07 EPS for the quarter, topping analysts’ consensus estimates of $1.03 by $0.04. The firm had revenue of $13.88 billion during the quarter, compared to analysts’ expectations of $13.20 billion. PepsiCo had a return on equity of 55.74% and a net margin of 10.62%. The firm’s quarterly revenue was up 7.7% compared to the same quarter last year. During the same quarter last year, the business posted $0.97 EPS. Research analysts anticipate that PepsiCo, Inc. will post 5.32 EPS for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 30th. Investors of record on Friday, June 5th will be given a dividend of $1.0225 per share. This represents a $4.09 dividend on an annualized basis and a yield of 3.08%. The ex-dividend date of this dividend is Thursday, June 4th. This is a boost from PepsiCo’s previous quarterly dividend of $0.96. PepsiCo’s dividend payout ratio (DPR) is currently 69.08%.

PepsiCo Profile

PepsiCo, Inc operates as a food and beverage company worldwide. The company's Frito-Lay North America segment offers branded dips; Cheetos cheese-flavored snacks; and Doritos tortilla, Fritos corn, Lay's potato, Ruffles potato, and Tostitos tortilla chips. Its Quaker Foods North America segment provides cereals, rice, pasta, mixes and syrups, granola bars, grits, oat squares, oatmeal, rice cakes, simply granola, and side dishes under the Aunt Jemima, Cap'n crunch, Life, Quaker Chewy, Quaker, and Rice-A-Roni brands.

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Institutional Ownership by Quarter for PepsiCo (NASDAQ:PEP)

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