Allianz SE Buys 5,013 Shares of PepsiCo, Inc. $PEP

Allianz SE grew its stake in PepsiCo, Inc. (NASDAQ:PEP) by 7.1% in the 4th quarter, Holdings Channel.com reports. The firm owned 75,523 shares of the company’s stock after purchasing an additional 5,013 shares during the period. Allianz SE’s holdings in PepsiCo were worth $10,839,000 at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of the stock. Swiss RE Ltd. bought a new stake in shares of PepsiCo during the 4th quarter worth approximately $28,000. MH & Associates Securities Management Corp ADV bought a new stake in shares of PepsiCo during the 4th quarter worth approximately $29,000. Imprint Wealth LLC bought a new stake in shares of PepsiCo during the 3rd quarter worth approximately $31,000. Strategic Advocates LLC bought a new stake in shares of PepsiCo during the 3rd quarter worth approximately $33,000. Finally, Mowery & Schoenfeld Wealth Management LLC bought a new stake in shares of PepsiCo during the 4th quarter worth approximately $33,000. 73.07% of the stock is owned by institutional investors.

Key Headlines Impacting PepsiCo

Here are the key news stories impacting PepsiCo this week:

• Positive Sentiment: PepsiCo continues to expand its autonomous freight network with Gatik, a move that could improve logistics efficiency and help address staffing challenges in hard-to-serve routes. How PepsiCo’s Driverless Freight Rollout With Gatik (PEP) Has Changed Its Investment Story
• Positive Sentiment: The company also highlighted sustainability-focused farmer financing through Compeer Financial, which supports PepsiCo’s supply chain and long-term agricultural sourcing strategy. Compeer Financial Collaborates with PepsiCo to Provide Strip-Till Equipment Financing
• Neutral Sentiment: PepsiCo was included in a Q1 review of beverage, alcohol, and tobacco stocks, but the article was primarily a peer comparison and did not indicate a major new catalyst. Beverages, Alcohol, and Tobacco Stocks Q1 In Review: PepsiCo (NASDAQ:PEP) Vs Peers
• Neutral Sentiment: Analyst estimate changes were modest, with Erste Group trimming FY2027 EPS slightly to $9.14 from $9.15, suggesting limited impact on the outlook.
• Negative Sentiment: TD Cowen cut its price target on PepsiCo to $150 from $165 and kept a hold rating, signaling more cautious near-term sentiment on the stock. TD Cowen adjusts PepsiCo price target to 150 from 165
• Negative Sentiment: Piper Sandler also lowered its price target on PepsiCo to $178 from $181, reinforcing the view that analysts see only limited upside from here. Piper Sandler adjusts price target on PepsiCo to 178 from 181

PepsiCo Stock Up 0.4%

PepsiCo stock opened at $144.27 on Friday. The business has a fifty day moving average price of $151.11 and a 200-day moving average price of $152.37. PepsiCo, Inc. has a 1-year low of $127.60 and a 1-year high of $171.48. The company has a debt-to-equity ratio of 1.98, a current ratio of 0.90 and a quick ratio of 0.72. The stock has a market capitalization of $197.18 billion, a price-to-earnings ratio of 22.65, a PEG ratio of 2.60 and a beta of 0.35.

PepsiCo (NASDAQ:PEP) last issued its quarterly earnings results on Wednesday, April 15th. The company reported $1.61 EPS for the quarter, topping analysts’ consensus estimates of $1.55 by $0.06. PepsiCo had a return on equity of 56.61% and a net margin of 9.15%.The company had revenue of $19.44 billion during the quarter, compared to analysts’ expectations of $18.89 billion. During the same quarter in the previous year, the firm posted $1.48 EPS. The firm’s revenue was up 8.5% compared to the same quarter last year. Equities research analysts forecast that PepsiCo, Inc. will post 8.63 EPS for the current fiscal year.

PepsiCo Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, June 30th. Shareholders of record on Friday, June 5th will be given a dividend of $1.48 per share. The ex-dividend date of this dividend is Friday, June 5th. This represents a $5.92 dividend on an annualized basis and a yield of 4.1%. This is an increase from PepsiCo’s previous quarterly dividend of $1.42. PepsiCo’s payout ratio is presently 92.94%.

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on PEP shares. Weiss Ratings reissued a “hold (c)” rating on shares of PepsiCo in a research note on Wednesday, April 8th. TD Cowen decreased their price target on PepsiCo from $165.00 to $150.00 and set a “hold” rating for the company in a research note on Friday. Deutsche Bank Aktiengesellschaft raised their price target on PepsiCo from $169.00 to $173.00 and gave the stock a “buy” rating in a research note on Friday, April 17th. Royal Bank Of Canada reduced their price objective on PepsiCo from $165.00 to $163.00 and set a “sector perform” rating on the stock in a report on Thursday, April 9th. Finally, Sanford C. Bernstein started coverage on PepsiCo in a report on Thursday. They set a “market perform” rating and a $143.00 price objective on the stock. Eight analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Hold” and an average price target of $167.35.

About PepsiCo

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.