Andra AP fonden Boosts Stock Position in PepsiCo, Inc. $PEP

Andra AP fonden increased its holdings in shares of PepsiCo, Inc. (NASDAQ:PEP) by 239.5% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 278,094 shares of the company’s stock after buying an additional 196,177 shares during the period. PepsiCo comprises approximately 0.5% of Andra AP fonden’s investment portfolio, making the stock its 27th largest holding. Andra AP fonden’s holdings in PepsiCo were worth $43,185,000 as of its most recent SEC filing.

A number of other institutional investors have also recently added to or reduced their stakes in PEP. Auto Owners Insurance Co raised its position in shares of PepsiCo by 14,857.8% during the 4th quarter. Auto Owners Insurance Co now owns 49,252,907 shares of the company’s stock worth $7,068,777,000 after purchasing an additional 48,923,629 shares during the last quarter. Norges Bank purchased a new stake in PepsiCo during the 4th quarter worth approximately $3,018,813,000. Diamant Asset Management Inc. raised its holdings in shares of PepsiCo by 16,146.5% during the first quarter. Diamant Asset Management Inc. now owns 3,586,423 shares of the company’s stock valued at $556,936,000 after acquiring an additional 3,564,348 shares during the last quarter. AQR Capital Management LLC raised its holdings in shares of PepsiCo by 120.7% during the third quarter. AQR Capital Management LLC now owns 5,916,417 shares of the company’s stock valued at $830,902,000 after acquiring an additional 3,235,726 shares during the last quarter. Finally, Amundi lifted its position in shares of PepsiCo by 30.0% in the third quarter. Amundi now owns 8,641,588 shares of the company’s stock valued at $1,207,230,000 after acquiring an additional 1,995,362 shares in the last quarter. Institutional investors and hedge funds own 73.07% of the company’s stock.

PepsiCo Stock Performance

Shares of PepsiCo stock opened at $135.46 on Tuesday. The business’s 50 day moving average price is $143.25 and its 200 day moving average price is $151.20. The company has a market cap of $184.89 billion, a price-to-earnings ratio of 17.75, a PEG ratio of 3.01 and a beta of 0.36. The company has a debt-to-equity ratio of 1.91, a quick ratio of 0.74 and a current ratio of 0.93. PepsiCo, Inc. has a one year low of $133.95 and a one year high of $171.48.

PepsiCo (NASDAQ:PEP) last issued its earnings results on Thursday, July 9th. The company reported $2.20 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.19 by $0.01. PepsiCo had a return on equity of 54.63% and a net margin of 10.78%.The business had revenue of $24.18 billion during the quarter, compared to the consensus estimate of $23.95 billion. During the same period last year, the company earned $0.92 EPS. The company’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, research analysts predict that PepsiCo, Inc. will post 8.58 EPS for the current year.

PepsiCo Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 30th. Investors of record on Friday, September 4th will be given a dividend of $1.48 per share. This represents a $5.92 annualized dividend and a yield of 4.4%. The ex-dividend date is Friday, September 4th. PepsiCo’s dividend payout ratio (DPR) is presently 77.59%.

Wall Street Analyst Weigh In

Several brokerages recently commented on PEP. UBS Group set a $159.00 price target on PepsiCo in a research report on Thursday, July 9th. Morgan Stanley lowered their target price on shares of PepsiCo from $180.00 to $160.00 and set an “equal weight” rating on the stock in a research note on Friday, July 10th. Evercore set a $150.00 target price on shares of PepsiCo in a report on Thursday, July 9th. Wall Street Zen downgraded shares of PepsiCo from a “buy” rating to a “hold” rating in a research note on Saturday, April 18th. Finally, Rothschild & Co Redburn boosted their price target on shares of PepsiCo from $130.00 to $132.00 in a research report on Monday, May 11th. Seven equities research analysts have rated the stock with a Buy rating, twelve have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $157.70.

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.