BLI Banque de Luxembourg Investments Sells 38,241 Shares of PepsiCo, Inc. $PEP

BLI Banque de Luxembourg Investments lessened its position in PepsiCo, Inc. (NASDAQ:PEP) by 10.4% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 329,172 shares of the company’s stock after selling 38,241 shares during the period. PepsiCo comprises about 1.4% of BLI Banque de Luxembourg Investments’ portfolio, making the stock its 18th largest holding. BLI Banque de Luxembourg Investments’ holdings in PepsiCo were worth $47,452,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently modified their holdings of PEP. Captrust Financial Advisors increased its position in shares of PepsiCo by 3.6% during the 3rd quarter. Captrust Financial Advisors now owns 554,798 shares of the company’s stock valued at $77,916,000 after purchasing an additional 19,218 shares during the last quarter. Swiss Life Asset Management Ltd increased its position in shares of PepsiCo by 11.4% during the 4th quarter. Swiss Life Asset Management Ltd now owns 415,271 shares of the company’s stock valued at $59,600,000 after purchasing an additional 42,335 shares during the last quarter. Murphy Middleton Hinkle & Parker Inc. increased its position in shares of PepsiCo by 622.3% during the 4th quarter. Murphy Middleton Hinkle & Parker Inc. now owns 35,603 shares of the company’s stock valued at $5,110,000 after purchasing an additional 30,674 shares during the last quarter. Allstate Corp increased its position in shares of PepsiCo by 108.1% during the 4th quarter. Allstate Corp now owns 104,723 shares of the company’s stock valued at $15,030,000 after purchasing an additional 54,405 shares during the last quarter. Finally, NEOS Investment Management LLC increased its position in shares of PepsiCo by 65.8% during the 3rd quarter. NEOS Investment Management LLC now owns 577,111 shares of the company’s stock valued at $81,049,000 after purchasing an additional 229,121 shares during the last quarter. Institutional investors own 73.07% of the company’s stock.

Wall Street Analyst Weigh In

PEP has been the subject of a number of recent research reports. Wells Fargo & Company cut their price objective on PepsiCo from $160.00 to $150.00 and set an “equal weight” rating for the company in a research note on Friday. Royal Bank Of Canada cut their price objective on PepsiCo from $165.00 to $163.00 and set a “sector perform” rating for the company in a research note on Thursday, April 9th. Argus upgraded PepsiCo to a “hold” rating in a research note on Tuesday, February 17th. Wall Street Zen downgraded PepsiCo from a “buy” rating to a “hold” rating in a research note on Saturday, April 18th. Finally, Deutsche Bank Aktiengesellschaft boosted their price objective on PepsiCo from $169.00 to $173.00 and gave the company a “buy” rating in a research note on Friday, April 17th. Eight investment analysts have rated the stock with a Buy rating, ten have issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, PepsiCo currently has a consensus rating of “Hold” and a consensus price target of $169.58.

PepsiCo Stock Performance

NASDAQ:PEP opened at $140.68 on Tuesday. The stock’s fifty day moving average is $152.01 and its 200 day moving average is $152.48. PepsiCo, Inc. has a fifty-two week low of $127.60 and a fifty-two week high of $171.48. The firm has a market capitalization of $192.28 billion, a PE ratio of 22.08, a PEG ratio of 2.57 and a beta of 0.35. The company has a debt-to-equity ratio of 1.98, a quick ratio of 0.72 and a current ratio of 0.90.

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

PepsiCo Increases Dividend

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

Trending Headlines about PepsiCo

Here are the key news stories impacting PepsiCo this week:

• Positive Sentiment: PepsiCo and Gatik launched a broader autonomous trucking deployment in North America, with driverless trucks now delivering Doritos in multiple states. The move could improve logistics efficiency, lower delivery costs over time, and highlight PepsiCo’s willingness to adopt automation in its supply chain. Article Title
• Positive Sentiment: PepsiCo’s push into India’s energy drink market with Adrenaline Rush expands its exposure to a fast-growing beverage category and adds another growth lever in an important emerging market. Article Title
• Neutral Sentiment: Coverage of competitor Coca-Cola’s pricing strategy and volume trends may reinforce the broader consumer staples backdrop, but it does not directly change PepsiCo’s fundamentals. Article Title
• Neutral Sentiment: Several articles discussed Celsius Holdings’ growth and its reliance on PepsiCo distribution, which indirectly highlights PepsiCo’s distribution strength, but the impact on PEP shares appears limited and indirect. Article Title
• Negative Sentiment: A separate article on Campbell’s Soup was incorrectly tagged with PEP and is unrelated to PepsiCo, so it should not be viewed as a catalyst for the stock. Article Title

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.