Intact Investment Management Inc. Has $18.64 Million Holdings in PepsiCo, Inc. (NASDAQ:PEP)

Intact Investment Management Inc. cut its holdings in PepsiCo, Inc. (NASDAQ:PEP) by 13.8% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 122,600 shares of the company’s stock after selling 19,650 shares during the period. Intact Investment Management Inc.’s holdings in PepsiCo were worth $18,643,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Collier Financial bought a new position in PepsiCo during the fourth quarter worth $28,000. Legacy Investment Solutions LLC bought a new stake in shares of PepsiCo in the third quarter valued at about $31,000. Creative Capital Management Investments LLC acquired a new position in PepsiCo in the fourth quarter valued at about $30,000. Bay Harbor Wealth Management LLC acquired a new position in PepsiCo in the fourth quarter valued at about $34,000. Finally, Human Investing LLC acquired a new position in PepsiCo in the fourth quarter valued at about $39,000. 73.07% of the stock is currently owned by institutional investors and hedge funds.

PepsiCo Trading Up 0.1 %

Shares of NASDAQ:PEP opened at $148.34 on Friday. The company has a market cap of $203.45 billion, a P/E ratio of 21.34, a PEG ratio of 3.09 and a beta of 0.52. 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 $141.51 and a 1 year high of $183.41. The stock’s fifty day moving average price is $148.78 and its 200-day moving average price is $160.29.

PepsiCo (NASDAQ:PEP) last announced its quarterly earnings results on Tuesday, February 4th. The company reported $1.96 earnings per share (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 for the quarter, compared to the consensus estimate of $27.89 billion. During the same period in the prior year, the company posted $1.78 earnings per share. The company’s quarterly revenue was down .2% on a year-over-year basis. Sell-side analysts expect that PepsiCo, Inc. will post 8.3 earnings per share for the current year.

PepsiCo Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Friday, March 7th will be paid a $1.355 dividend. This represents a $5.42 annualized dividend and a dividend yield of 3.65%. The ex-dividend date of this dividend is Friday, March 7th. PepsiCo’s dividend payout ratio (DPR) is currently 77.99%.

Wall Street Analysts Forecast Growth

Several brokerages have commented on PEP. Deutsche Bank Aktiengesellschaft lowered their target price on PepsiCo from $184.00 to $178.00 and set a “buy” rating for the company in a research note on Wednesday, January 22nd. Evercore ISI reduced their target price on PepsiCo from $180.00 to $160.00 in a report on Tuesday, February 4th. HSBC reduced their target price on PepsiCo from $186.00 to $170.00 and set a “hold” rating on the stock in a report on Tuesday, February 4th. BNP Paribas cut their price target on PepsiCo from $162.00 to $160.00 and set a “neutral” rating on the stock in a report on Tuesday, February 4th. Finally, Citigroup cut their price target on PepsiCo from $195.00 to $170.00 and set a “buy” rating on the stock in a report on Wednesday, February 5th. One equities research analyst has rated the stock with a sell rating, thirteen have assigned a hold rating and seven have assigned a buy rating to the company. According to MarketBeat, PepsiCo has an average rating of “Hold” and a consensus target price of $170.59.

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.