PepsiCo, Inc. $PEP Shares Bought by Howe & Rusling Inc.

Howe & Rusling Inc. lifted its stake in shares of PepsiCo, Inc. (NASDAQ:PEP) by 5.8% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 100,015 shares of the company’s stock after acquiring an additional 5,459 shares during the quarter. PepsiCo comprises about 1.0% of Howe & Rusling Inc.’s investment portfolio, making the stock its 24th biggest holding. Howe & Rusling Inc.’s holdings in PepsiCo were worth $15,531,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in PEP. Gunpowder Capital Management LLC dba Oliver Wealth Management acquired a new position in shares of PepsiCo during the 4th quarter valued at $26,000. Swiss RE Ltd. acquired a new stake in shares of PepsiCo in the fourth quarter valued at $28,000. MH & Associates Securities Management Corp ADV bought a new position in PepsiCo during the fourth quarter valued at about $29,000. Imprint Wealth LLC acquired a new position in PepsiCo during the third quarter worth about $31,000. Finally, Networth Advisors LLC grew its holdings in PepsiCo by 2,857.1% during the first quarter. Networth Advisors LLC now owns 207 shares of the company’s stock worth $32,000 after acquiring an additional 200 shares during the period. Institutional investors own 73.07% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on PEP. BNP Paribas Exane upped their price target on shares of PepsiCo from $191.00 to $195.00 and gave the company an “outperform” rating in a report on Friday, April 17th. Barclays dropped their target price on shares of PepsiCo from $158.00 to $144.00 and set an “equal weight” rating on the stock in a report on Thursday. Wells Fargo & Company cut their target price on shares of PepsiCo from $160.00 to $150.00 and set an “equal weight” rating for the company in a research note on Friday, June 5th. TD Cowen reduced their target price on shares of PepsiCo from $165.00 to $150.00 and set a “hold” rating for the company in a report on Friday, June 12th. Finally, Weiss Ratings restated a “hold (c)” rating on shares of PepsiCo in a research report on Wednesday, April 8th. Eight research analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, PepsiCo has an average rating of “Hold” and an average price target of $165.00.

More PepsiCo News

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 Stock Performance

Shares of PEP opened at $144.22 on Friday. The business’s 50-day moving average price is $146.83 and its 200 day moving average price is $151.76. The company has a current ratio of 0.90, a quick ratio of 0.72 and a debt-to-equity ratio of 1.98. The stock has a market capitalization of $197.12 billion, a P/E ratio of 22.64, a P/E/G ratio of 2.91 and a beta of 0.36. PepsiCo, Inc. has a 1-year low of $132.96 and a 1-year high of $171.48.

PepsiCo (NASDAQ:PEP) last announced its earnings results on Wednesday, April 15th. The company reported $1.61 EPS for the quarter, topping the consensus estimate of $1.55 by $0.06. The company had revenue of $19.44 billion during the quarter, compared to analysts’ expectations of $18.89 billion. PepsiCo had a net margin of 9.15% and a return on equity of 56.61%. The business’s revenue for the quarter was up 8.5% on a year-over-year basis. During the same period last year, the company posted $1.48 earnings per share. Analysts expect that PepsiCo, Inc. will post 8.62 earnings per share for the current year.

PepsiCo Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, June 30th. Investors of record on Friday, June 5th were paid a $1.48 dividend. 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%. This is a positive change from PepsiCo’s previous quarterly dividend of $1.42. PepsiCo’s dividend payout ratio (DPR) is 92.94%.

PepsiCo 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.