Mawer Investment Management Ltd. boosted its position in PepsiCo, Inc. (NASDAQ:PEP) by 2.8% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 1,178,647 shares of the company’s stock after purchasing an additional 32,387 shares during the period. Mawer Investment Management Ltd.’s holdings in PepsiCo were worth $130,211,000 as of its most recent SEC filing.
A number of other institutional investors have also recently bought and sold shares of the stock. Woodley Farra Manion Portfolio Management Inc. grew its position in shares of PepsiCo by 0.3% during the third quarter. Woodley Farra Manion Portfolio Management Inc. now owns 256,539 shares of the company’s stock worth $28,681,000 after buying an additional 795 shares in the last quarter. WEALTHFRONT Corp grew its position in shares of PepsiCo by 4.9% during the third quarter. WEALTHFRONT Corp now owns 46,524 shares of the company’s stock worth $5,201,000 after buying an additional 2,159 shares in the last quarter. Laurion Capital Management LP acquired a new stake in shares of PepsiCo during the third quarter worth approximately $207,000. Lido Advisors LLC grew its position in shares of PepsiCo by 5.8% during the third quarter. Lido Advisors LLC now owns 12,989 shares of the company’s stock worth $1,452,000 after buying an additional 709 shares in the last quarter. Finally, Dynamic Technology Lab Private Ltd acquired a new stake in shares of PepsiCo during the third quarter worth approximately $2,767,000. Institutional investors and hedge funds own 70.91% of the company’s stock.
Shares of PEP opened at $133.47 on Monday. PepsiCo, Inc. has a 12-month low of $101.18 and a 12-month high of $134.71. The firm has a market cap of $187.10 billion, a P/E ratio of 23.58, a PEG ratio of 3.46 and a beta of 0.61. The company has a current ratio of 0.94, a quick ratio of 0.75 and a debt-to-equity ratio of 1.99.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 28th. Investors of record on Friday, June 7th will be paid a dividend of $0.955 per share. The ex-dividend date is Thursday, June 6th. This is a boost from PepsiCo’s previous quarterly dividend of $0.93. This represents a $3.82 annualized dividend and a yield of 2.86%. PepsiCo’s dividend payout ratio (DPR) is 67.49%.
A number of analysts have recently weighed in on PEP shares. Macquarie raised shares of PepsiCo from a “neutral” rating to an “outperform” rating and set a $126.00 price target for the company in a research report on Tuesday, February 19th. Gabelli reissued a “buy” rating on shares of PepsiCo in a research report on Tuesday, February 19th. BidaskClub raised shares of PepsiCo from a “buy” rating to a “strong-buy” rating in a research report on Friday. Zacks Investment Research downgraded shares of PepsiCo from a “hold” rating to a “sell” rating in a research report on Thursday, February 21st. Finally, Royal Bank of Canada reissued a “neutral” rating and set a $115.00 price target on shares of PepsiCo in a research report on Thursday, April 18th. One research analyst has rated the stock with a sell rating, ten have issued a hold rating, twelve have issued a buy rating and one has assigned a strong buy rating to the company. The stock currently has an average rating of “Buy” and an average price target of $124.65.
In other PepsiCo news, Chairman Ramon Laguarta sold 15,431 shares of the firm’s stock in a transaction on Thursday, May 16th. The stock was sold at an average price of $129.43, for a total value of $1,997,234.33. Following the sale, the chairman now directly owns 232,394 shares in the company, valued at $30,078,755.42. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, SVP Marie T. Gallagher sold 7,800 shares of the firm’s stock in a transaction on Monday, April 22nd. The shares were sold at an average price of $125.99, for a total value of $982,722.00. Following the completion of the sale, the senior vice president now owns 55,665 shares in the company, valued at $7,013,233.35. The disclosure for this sale can be found here. Insiders have sold 48,494 shares of company stock worth $6,173,705 over the last 90 days. 0.28% of the stock is currently owned by company insiders.
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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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