Adams Diversified Equity Fund Inc. Purchases 138,200 Shares of PepsiCo, Inc. $PEP

Adams Diversified Equity Fund Inc. boosted its position in shares of PepsiCo, Inc. (NASDAQ:PEP) by 358.3% during the 1st quarter, HoldingsChannel.com reports. The firm owned 176,776 shares of the company’s stock after purchasing an additional 138,200 shares during the period. PepsiCo makes up about 1.0% of Adams Diversified Equity Fund Inc.’s holdings, making the stock its 25th biggest holding. Adams Diversified Equity Fund Inc.’s holdings in PepsiCo were worth $27,452,000 as of its most recent filing with the SEC.

Several other large investors have also bought and sold shares of the company. Brighton Jones LLC boosted its position in shares of PepsiCo by 12.4% during the fourth quarter. Brighton Jones LLC now owns 59,392 shares of the company’s stock valued at $9,031,000 after buying an additional 6,574 shares during the last quarter. Caxton Associates LLP bought a new stake in shares of PepsiCo in the first quarter worth approximately $251,000. Sivia Capital Partners LLC raised its holdings in shares of PepsiCo by 138.5% during the second quarter. Sivia Capital Partners LLC now owns 6,527 shares of the company’s stock valued at $862,000 after purchasing an additional 3,790 shares during the last quarter. Schnieders Capital Management LLC. lifted its position in PepsiCo by 10.1% during the second quarter. Schnieders Capital Management LLC. now owns 38,164 shares of the company’s stock valued at $5,039,000 after purchasing an additional 3,502 shares during the period. Finally, Sei Investments Co. lifted its position in PepsiCo by 45.5% during the second quarter. Sei Investments Co. now owns 536,133 shares of the company’s stock valued at $70,789,000 after purchasing an additional 167,707 shares during the period. 73.07% of the stock is owned by hedge funds and other institutional investors.

PepsiCo Stock Performance

NASDAQ PEP opened at $141.39 on Friday. The company has a quick ratio of 0.72, a current ratio of 0.90 and a debt-to-equity ratio of 1.98. PepsiCo, Inc. has a twelve month low of $128.11 and a twelve month high of $171.48. The business has a 50-day moving average price of $148.40 and a 200-day moving average price of $152.01. The firm has a market cap of $193.25 billion, a price-to-earnings ratio of 22.20, a price-to-earnings-growth ratio of 2.82 and a beta of 0.35.

PepsiCo (NASDAQ:PEP) last posted 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 for the quarter, compared to analysts’ expectations of $18.89 billion. During the same period in the previous year, the firm earned $1.48 EPS. The firm’s revenue was up 8.5% compared to the same quarter last year. As a group, equities research analysts predict that PepsiCo, Inc. will post 8.62 EPS for the current fiscal year.

PepsiCo Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, June 30th. Stockholders of record on Friday, June 5th will be issued a $1.48 dividend. This represents a $5.92 annualized dividend and a dividend yield of 4.2%. This is a boost from PepsiCo’s previous quarterly dividend of $1.42. The ex-dividend date of this dividend is Friday, June 5th. PepsiCo’s payout ratio is presently 92.94%.

Analysts Set New Price Targets

A number of equities research analysts have commented on the stock. The Goldman Sachs Group lifted their target price on shares of PepsiCo from $180.00 to $183.00 and gave the stock a “buy” rating in a research report on Friday, April 17th. HSBC raised their price target on PepsiCo from $175.00 to $176.00 and gave the stock a “hold” rating in a research note on Friday, April 17th. TD Cowen cut their price objective on PepsiCo from $165.00 to $150.00 and set a “hold” rating for the company in a report on Friday, June 12th. Citigroup reduced their price objective on PepsiCo from $182.00 to $170.00 and set a “buy” rating for the company in a research report on Thursday. Finally, Jefferies Financial Group set a $162.00 target price on PepsiCo in a research report on Thursday. Eight 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’s stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $166.85.

PepsiCo News Summary

Here are the key news stories impacting PepsiCo this week:

• Positive Sentiment: PepsiCo’s brand and growth efforts are getting fresh visibility, including marketing around “modern soda,” dirty-soda products, and broader consumer engagement. These trends could support beverage demand and help the company defend share in a changing soft-drink market.
• Positive Sentiment: Analyst support remains constructive overall: Citigroup kept a Buy rating even after trimming its price target to $170, implying meaningful upside from current levels. That helps reassure investors that the stock still looks attractively valued despite recent weakness.
• Positive Sentiment: PepsiCo continues to stand out as a diversified dividend stock, with coverage highlighting its 54-year streak of dividend growth. For income-oriented investors, that long track record can provide support ahead of earnings. Article Title

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.