PepsiCo, Inc. $PEP Shares Purchased by &PARTNERS

&PARTNERS raised its stake in shares of PepsiCo, Inc. (NASDAQ:PEP) by 7.4% in the 4th quarter, HoldingsChannel.com reports. The firm owned 437,511 shares of the company’s stock after purchasing an additional 30,232 shares during the quarter. &PARTNERS’s holdings in PepsiCo were worth $62,753,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of PEP. Blair William & Co. IL grew its stake in PepsiCo by 6.4% during the fourth quarter. Blair William & Co. IL now owns 536,086 shares of the company’s stock worth $76,939,000 after buying an additional 32,447 shares during the period. Silver Grove Financial Group Inc. grew its stake in PepsiCo by 6.2% during the fourth quarter. Silver Grove Financial Group Inc. now owns 1,568 shares of the company’s stock worth $225,000 after buying an additional 91 shares during the period. Dempze Nancy E purchased a new stake in PepsiCo during the fourth quarter worth approximately $298,000. Opal Capital LLC purchased a new stake in PepsiCo during the fourth quarter worth approximately $6,351,000. Finally, Rothschild Wealth LLC grew its stake in PepsiCo by 148.8% during the fourth quarter. Rothschild Wealth LLC now owns 9,023 shares of the company’s stock worth $1,295,000 after buying an additional 5,396 shares during the period. Institutional investors and hedge funds own 73.07% of the company’s stock.

PepsiCo Price Performance

Shares of PEP stock opened at $146.12 on Wednesday. The company has a market capitalization of $199.71 billion, a PE ratio of 22.94, a price-to-earnings-growth ratio of 2.65 and a beta of 0.35. The firm has a fifty day simple moving average of $150.68 and a 200-day simple moving average of $152.40. The company has a current ratio of 0.90, a quick ratio of 0.72 and a debt-to-equity ratio of 1.98. PepsiCo, Inc. has a twelve month low of $127.60 and a twelve month high of $171.48.

PepsiCo (NASDAQ:PEP) last announced its earnings results on Wednesday, April 15th. The company reported $1.61 earnings per share for the quarter, beating the consensus estimate of $1.55 by $0.06. The business had revenue of $19.44 billion during the quarter, compared to the consensus estimate of $18.89 billion. PepsiCo had a net margin of 9.15% and a return on equity of 56.61%. The business’s quarterly revenue was up 8.5% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.48 earnings per share. Equities research analysts anticipate that PepsiCo, Inc. will post 8.63 earnings per share for the current fiscal year.

PepsiCo Increases Dividend

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

Analysts Set New Price Targets

PEP has been the subject of several research reports. Rothschild & Co Redburn boosted their price objective on shares of PepsiCo from $130.00 to $132.00 in a research note on Monday, May 11th. TD Cowen decreased their price objective on shares of PepsiCo from $165.00 to $150.00 and set a “hold” rating for the company in a research note on Friday, June 12th. Barclays boosted their price objective on shares of PepsiCo from $154.00 to $158.00 and gave the stock an “equal weight” rating in a research note on Monday, April 20th. Deutsche Bank Aktiengesellschaft upped their target price on shares of PepsiCo from $169.00 to $173.00 and gave the company a “buy” rating in a research note on Friday, April 17th. Finally, UBS Group decreased their target price on shares of PepsiCo from $190.00 to $186.00 and set a “buy” rating for the company in a research note on Tuesday, April 7th. Eight equities research analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $167.35.

Key PepsiCo News

Here are the key news stories impacting PepsiCo this week:

• Positive Sentiment: PepsiCo announced its 54th consecutive annual dividend increase, reinforcing its appeal as a defensive, income-generating stock at a time when Treasury yields are elevated. PepsiCo’s 3.9% Yield Is a Safe-Haven Masterclass
• Positive Sentiment: PepsiCo debuted a new limited-edition soda, which could help drive short-term consumer interest and support beverage sales. PepsiCo just debuted a new limited-edition soda that’s guaranteed to sell out
• Positive Sentiment: PepsiCo continues to highlight future growth initiatives, including experiential drinks and regenerative farming partnerships, which suggest management is still investing in new revenue streams. PepsiCo Targets Experiential Drinks And Regenerative Farming For Future Growth
• Neutral Sentiment: PepsiCo senior director Maneesha Khanna stepped down after 13 years; this looks like a personnel change rather than a material business event. PepsiCo Senior Director Maneesha Khanna steps down after 13 years
• Neutral Sentiment: PepsiCo was mentioned in articles about broader S&P 500 ideas and sustainability events, but those items do not appear to change the company’s near-term fundamentals. Sustainability LIVE Announces Final Week to Register for The Leadership Summit
• Negative Sentiment: Piper Sandler lowered its price target on PepsiCo, which can weigh on sentiment by signaling a more cautious outlook for the stock’s upside. PepsiCo (PEP) Price Target Lowered at Piper Sandler. Here is Why

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.