PepsiCo, Inc. $PEP Shares Bought by Financiere des Professionnels Fonds d investissement inc.

Financiere des Professionnels Fonds d investissement inc. raised its stake in PepsiCo, Inc. (NASDAQ:PEP) by 19.3% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 30,492 shares of the company’s stock after acquiring an additional 4,930 shares during the period. Financiere des Professionnels Fonds d investissement inc.’s holdings in PepsiCo were worth $4,376,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently bought and sold shares of PEP. MH & Associates Securities Management Corp ADV acquired a new position in PepsiCo in the fourth quarter valued at approximately $29,000. Imprint Wealth LLC acquired a new position in PepsiCo in the third quarter valued at approximately $31,000. Strategic Advocates LLC acquired a new position in PepsiCo in the third quarter valued at approximately $33,000. Mowery & Schoenfeld Wealth Management LLC acquired a new position in shares of PepsiCo during the fourth quarter worth approximately $33,000. Finally, Evolution Wealth Management Inc. boosted its position in shares of PepsiCo by 47.8% during the fourth quarter. Evolution Wealth Management Inc. now owns 232 shares of the company’s stock worth $33,000 after buying an additional 75 shares during the period. 73.07% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

PEP has been the subject of several analyst reports. Deutsche Bank Aktiengesellschaft boosted their price objective on PepsiCo from $169.00 to $173.00 and gave the stock a “buy” rating in a research report on Friday, April 17th. Rothschild & Co Redburn boosted their price objective on PepsiCo from $130.00 to $132.00 in a research report on Monday, May 11th. Wall Street Zen downgraded PepsiCo from a “buy” rating to a “hold” rating in a research report on Saturday, April 18th. Piper Sandler boosted their price objective on PepsiCo from $172.00 to $181.00 and gave the stock an “overweight” rating in a research report on Thursday, March 12th. Finally, Barclays boosted their price objective on PepsiCo from $154.00 to $158.00 and gave the stock an “equal weight” rating in a research report on Monday, April 20th. Eight analysts have rated the stock with a Buy rating, ten have given a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $169.58.

Key Stories Impacting PepsiCo

Here are the key news stories impacting PepsiCo this week:

• Positive Sentiment: PepsiCo expanded its autonomous logistics push by deploying driverless trucks to deliver chips and drinks across Texas, Arizona, and Arkansas, signaling potential cost savings and supply-chain efficiency gains. PepsiCo and Gatik launch commercial driverless trucking deployment
• Positive Sentiment: Reports that PepsiCo’s driverless Doritos fleet is already operating at scale and outpacing Tesla’s robotaxi rollout may be viewed as a win for PepsiCo’s innovation image and operational execution. PepsiCo’s driverless Doritos fleet outpaces Tesla’s robotaxis in North Texas
• Positive Sentiment: PepsiCo and Gatik said they launched the largest commercial driverless trucking deployment to date, which could boost investor confidence in PepsiCo’s logistics modernization and long-term margins. PepsiCo and Gatik launch commercial driverless trucking deployment
• Positive Sentiment: PepsiCo launched “House of Treats,” a new experiential beverage platform aimed at premium away-from-home channels, suggesting new growth opportunities beyond core soda and snacks. PEPSI® GLOBAL LAUNCHES PEPSI ‘HOUSE OF TREATS’ A NEW AWAY FROM HOME EXPERIENTIAL BEVERAGE PLATFORM
• Positive Sentiment: Several research-style articles argued PepsiCo remains a strong long-term growth or rebound candidate, which can reinforce bullish sentiment around the stock. Why PepsiCo (PEP) is a Top Growth Stock for the Long-Term
• Neutral Sentiment: Analysts’ average recommendation remains “Hold,” indicating Wall Street is constructive but not aggressively bullish on the name right now. PepsiCo, Inc. (NASDAQ:PEP) Given Average Recommendation of “Hold” by Analysts
• Neutral Sentiment: PepsiCo’s recent stock pullback has prompted valuation-focused commentary, suggesting some investors are weighing whether the shares have become cheaper after the decline. Is It Time To Reconsider PepsiCo (PEP) After The Recent 9% Share Price Pullback

PepsiCo Price Performance

NASDAQ PEP opened at $144.32 on Thursday. The stock has a market capitalization of $197.25 billion, a P/E ratio of 22.66, a P/E/G ratio of 2.59 and a beta of 0.35. PepsiCo, Inc. has a 1 year low of $127.60 and a 1 year high of $171.48. The business’s fifty day moving average is $151.55 and its two-hundred day moving average is $152.44. 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 posted its quarterly earnings results on Wednesday, April 15th. The company reported $1.61 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.55 by $0.06. The company had revenue of $19.44 billion for the quarter, compared to analysts’ expectations of $18.89 billion. PepsiCo had a return on equity of 56.61% and a net margin of 9.15%.The firm’s revenue was up 8.5% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.48 earnings per share. On average, research analysts forecast that PepsiCo, Inc. will post 8.63 earnings per share for the current fiscal year.

PepsiCo Increases Dividend

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

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.