Cibc World Market Inc. Purchases 499,321 Shares of PepsiCo, Inc. $PEP

Cibc World Market Inc. increased its position in shares of PepsiCo, Inc. (NASDAQ:PEP) by 191.8% during the third quarter, Holdings Channel reports. The institutional investor owned 759,590 shares of the company’s stock after purchasing an additional 499,321 shares during the period. Cibc World Market Inc.’s holdings in PepsiCo were worth $106,677,000 as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. JCIC Asset Management Inc. acquired a new position in shares of PepsiCo during the third quarter worth approximately $27,000. Evolution Wealth Management Inc. bought a new stake in PepsiCo during the 2nd quarter valued at $27,000. Vermillion & White Wealth Management Group LLC raised its holdings in PepsiCo by 107.1% during the second quarter. Vermillion & White Wealth Management Group LLC now owns 234 shares of the company’s stock worth $31,000 after buying an additional 121 shares during the last quarter. Halbert Hargrove Global Advisors LLC lifted its stake in shares of PepsiCo by 667.7% in the third quarter. Halbert Hargrove Global Advisors LLC now owns 238 shares of the company’s stock valued at $33,000 after buying an additional 207 shares in the last quarter. Finally, Frazier Financial Advisors LLC grew its holdings in shares of PepsiCo by 85.3% during the second quarter. Frazier Financial Advisors LLC now owns 265 shares of the company’s stock valued at $35,000 after buying an additional 122 shares during the last quarter. Institutional investors and hedge funds own 73.07% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on PEP. Piper Sandler upped their target price on shares of PepsiCo from $161.00 to $172.00 and gave the stock an “overweight” rating in a report on Tuesday, December 9th. Loop Capital set a $164.00 price objective on PepsiCo in a report on Thursday, October 23rd. JPMorgan Chase & Co. raised their target price on PepsiCo from $164.00 to $176.00 and gave the company an “overweight” rating in a report on Wednesday, February 4th. Morgan Stanley lifted their target price on PepsiCo from $165.00 to $180.00 and gave the company an “equal weight” rating in a research report on Wednesday, February 4th. Finally, Rothschild & Co Redburn increased their price target on PepsiCo from $120.00 to $130.00 and gave the company a “sell” rating in a research report on Tuesday. Eight analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, PepsiCo has a consensus rating of “Hold” and an average price target of $167.68.

PepsiCo Stock Performance

PEP stock opened at $166.97 on Wednesday. The company has a quick ratio of 0.67, a current ratio of 0.85 and a debt-to-equity ratio of 2.06. The firm has a market cap of $228.19 billion, a PE ratio of 27.83, a P/E/G ratio of 3.18 and a beta of 0.40. The business has a 50 day moving average of $148.36 and a 200-day moving average of $146.63. PepsiCo, Inc. has a 12-month low of $127.60 and a 12-month high of $170.75.

PepsiCo (NASDAQ:PEP) last issued its quarterly earnings results on Tuesday, February 3rd. The company reported $2.26 EPS for the quarter, topping analysts’ consensus estimates of $2.24 by $0.02. The business had revenue of $29.34 billion for the quarter, compared to analyst estimates of $28.96 billion. PepsiCo had a return on equity of 57.92% and a net margin of 8.77%.PepsiCo’s quarterly revenue was up 5.6% compared to the same quarter last year. During the same period last year, the company posted $1.96 earnings per share. PepsiCo has set its FY 2026 guidance at 8.550-8.710 EPS. As a group, sell-side analysts expect that PepsiCo, Inc. will post 8.3 earnings per share for the current year.

PepsiCo declared that its board has authorized a share buyback plan on Tuesday, February 3rd that authorizes the company to buyback $10.00 billion in shares. This buyback authorization authorizes the company to repurchase up to 4.7% of its shares through open market purchases. Shares buyback plans are often a sign that the company’s leadership believes its shares are undervalued.

PepsiCo Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, March 31st. Investors of record on Friday, March 6th will be given a dividend of $1.4225 per share. The ex-dividend date is Friday, March 6th. This represents a $5.69 annualized dividend and a yield of 3.4%. PepsiCo’s dividend payout ratio is presently 94.83%.

PepsiCo Profile

PepsiCo, Inc (NASDAQ: PEP) is a multinational food and beverage company headquartered in Purchase, New York. The company develops, manufactures, markets and sells a broad portfolio of branded food and beverage products, including carbonated and noncarbonated soft drinks, bottled water, sports drinks, juices, ready-to-drink teas and coffees, salty snacks, cereals, and other convenient foods. Its leading consumer brands include Pepsi, Mountain Dew, Gatorade, Tropicana, Quaker, Lay’s, Doritos and Cheetos, among others.

Formed through the 1965 merger of Pepsi-Cola and Frito-Lay, PepsiCo has grown into a global business with integrated manufacturing, distribution and marketing operations.