CI Investments Inc. Has $7.18 Million Holdings in PepsiCo, Inc. $PEP

CI Investments Inc. raised its stake in shares of PepsiCo, Inc. (NASDAQ:PEP) by 120.8% in the 1st quarter, Holdings Channel.com reports. The institutional investor owned 46,223 shares of the company’s stock after purchasing an additional 25,289 shares during the quarter. CI Investments Inc.’s holdings in PepsiCo were worth $7,178,000 at the end of the most recent quarter.

Other large investors have also made changes to their positions in the company. Evergreen Advisors LLC bought a new position in PepsiCo during the 1st quarter worth about $25,000. Gunpowder Capital Management LLC dba Oliver Wealth Management acquired a new position in shares of PepsiCo during the fourth quarter worth about $26,000. Swiss RE Ltd. acquired a new position in shares of PepsiCo during the fourth quarter worth about $28,000. MH & Associates Securities Management Corp ADV bought a new position in shares of PepsiCo during the fourth quarter worth about $29,000. Finally, Imprint Wealth LLC acquired a new stake in PepsiCo in the 3rd quarter valued at approximately $31,000. Institutional investors own 73.07% of the company’s stock.

PepsiCo Stock Performance

Shares of NASDAQ PEP opened at $134.95 on Friday. The company has a debt-to-equity ratio of 1.91, a current ratio of 0.93 and a quick ratio of 0.74. The firm has a market cap of $184.19 billion, a price-to-earnings ratio of 17.69, a P/E/G ratio of 2.98 and a beta of 0.36. The stock’s fifty day moving average price is $142.36 and its two-hundred day moving average price is $151.03. PepsiCo, Inc. has a one year low of $133.73 and a one year high of $171.48.

PepsiCo (NASDAQ:PEP) last announced its earnings results on Thursday, July 9th. The company reported $2.20 EPS for the quarter, topping the consensus estimate of $2.19 by $0.01. PepsiCo had a net margin of 10.78% and a return on equity of 54.63%. The company had revenue of $24.18 billion for the quarter, compared to analysts’ expectations of $23.95 billion. During the same period last year, the firm earned $0.92 earnings per share. The business’s revenue for the quarter was up 6.4% on a year-over-year basis. PepsiCo has set its FY 2026 guidance at 8.550-8.710 EPS. On average, equities analysts forecast that PepsiCo, Inc. will post 8.58 EPS for the current year.

PepsiCo Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, September 30th. Stockholders of record on Friday, September 4th will be issued a $1.48 dividend. The ex-dividend date of this dividend is Friday, September 4th. This represents a $5.92 dividend on an annualized basis and a dividend yield of 4.4%. PepsiCo’s dividend payout ratio is 77.59%.

Analyst Upgrades and Downgrades

PEP has been the subject of several research reports. Piper Sandler set a $176.00 price target on shares of PepsiCo in a research note on Thursday, July 9th. UBS Group set a $159.00 target price on shares of PepsiCo in a report on Thursday, July 9th. Rothschild & Co Redburn raised their target price on shares of PepsiCo from $130.00 to $132.00 in a research report on Monday, May 11th. TD Cowen lowered their price target on shares of PepsiCo from $150.00 to $145.00 and set a “hold” rating on the stock in a research note on Friday, July 10th. Finally, BNP Paribas Exane reduced their price objective on shares of PepsiCo from $195.00 to $183.00 and set an “outperform” rating for the company in a research note on Wednesday, July 8th. Seven investment analysts have rated the stock with a Buy rating, twelve have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $157.90.

PepsiCo Company 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.