5,584 Shares in PepsiCo, Inc. $PEP Bought by Counterpoint Mutual Funds LLC

Counterpoint Mutual Funds LLC acquired a new stake in shares of PepsiCo, Inc. (NASDAQ:PEP) in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 5,584 shares of the company’s stock, valued at approximately $867,000.

Several other hedge funds also recently bought and sold shares of PEP. Gunpowder Capital Management LLC dba Oliver Wealth Management acquired a new position in PepsiCo in the fourth quarter worth approximately $26,000. Swiss RE Ltd. acquired a new stake in PepsiCo in the fourth quarter valued at approximately $28,000. MH & Associates Securities Management Corp ADV bought a new stake in PepsiCo in the fourth quarter worth approximately $29,000. Imprint Wealth LLC bought a new stake in PepsiCo in the third quarter worth approximately $31,000. Finally, Networth Advisors LLC increased its stake in shares of PepsiCo by 2,857.1% during the 1st quarter. Networth Advisors LLC now owns 207 shares of the company’s stock worth $32,000 after purchasing an additional 200 shares during the last quarter. 73.07% of the stock is owned by institutional investors and hedge funds.

PepsiCo Price Performance

PepsiCo stock opened at $144.22 on Friday. The firm has a market cap of $197.12 billion, a price-to-earnings ratio of 22.64, a P/E/G ratio of 2.91 and a beta of 0.36. The company has a debt-to-equity ratio of 1.98, a current ratio of 0.90 and a quick ratio of 0.72. PepsiCo, Inc. has a fifty-two week low of $132.96 and a fifty-two week high of $171.48. The firm has a fifty day moving average price of $146.83 and a two-hundred day moving average price of $151.76.

PepsiCo (NASDAQ:PEP) last issued 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 the consensus estimate 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% compared to the same quarter last year. During the same period last year, the business posted $1.48 earnings per share. As a group, analysts forecast that PepsiCo, Inc. will post 8.62 earnings per share for the current year.

PepsiCo Increases Dividend

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

Analysts Set New Price Targets

Several research firms recently issued reports on PEP. Barclays reduced their price objective on shares of PepsiCo from $158.00 to $144.00 and set an “equal weight” rating for the company in a research note on Thursday. BNP Paribas Exane raised their target price on PepsiCo from $191.00 to $195.00 and gave the company an “outperform” rating in a report on Friday, April 17th. Bank of America reduced their price target on PepsiCo from $173.00 to $164.00 and set a “neutral” rating for the company in a research report on Thursday, June 25th. Wall Street Zen lowered PepsiCo from a “buy” rating to a “hold” rating in a report on Saturday, April 18th. Finally, Royal Bank Of Canada reduced their target price on PepsiCo from $165.00 to $163.00 and set a “sector perform” rating for the company in a report on Thursday, April 9th. Eight research analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $165.00.

Key Headlines Impacting PepsiCo

Here are the key news stories impacting PepsiCo this week:

• Positive Sentiment: UBS said defensive dividend names like PepsiCo could be ready for a comeback as investors look beyond the tech-led rally, which may help support demand for the stock. Article
• Positive Sentiment: PepsiCo continues to be viewed as a high-quality dividend stock, with recent commentary highlighting it as an attractive dividend aristocrat and a stable defensive holding. Article
• Positive Sentiment: The company also announced a management promotion in Eastern Europe, which signals continued operational execution and regional leadership continuity. Article

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.