PepsiCo, Inc. $PEP Shares Sold by Berger Financial Group Inc

Berger Financial Group Inc trimmed its holdings in shares of PepsiCo, Inc. (NASDAQ:PEP) by 86.0% during the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 6,150 shares of the company’s stock after selling 37,832 shares during the period. Berger Financial Group Inc’s holdings in PepsiCo were worth $955,000 at the end of the most recent reporting period.

Other institutional investors also recently made changes to their positions in the company. Captrust Financial Advisors raised its holdings in PepsiCo by 3.6% during the third quarter. Captrust Financial Advisors now owns 554,798 shares of the company’s stock worth $77,916,000 after acquiring an additional 19,218 shares in the last quarter. Swiss Life Asset Management Ltd raised its position in PepsiCo by 11.4% during the fourth quarter. Swiss Life Asset Management Ltd now owns 415,271 shares of the company’s stock worth $59,600,000 after acquiring an additional 42,335 shares in the last quarter. Murphy Middleton Hinkle & Parker Inc. increased its stake 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 worth $5,110,000 after purchasing an additional 30,674 shares during the last quarter. Allstate Corp lifted its stake in PepsiCo by 108.1% in 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, National Pension Service grew its holdings in PepsiCo by 2.5% during the fourth quarter. National Pension Service now owns 3,143,939 shares of the company’s stock worth $451,218,000 after purchasing an additional 77,051 shares during the period. 73.07% of the stock is owned by institutional investors and hedge funds.

PepsiCo News Summary

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

Wall Street Analysts Forecast Growth

A number of research firms have commented on PEP. Weiss Ratings reaffirmed a “hold (c)” rating on shares of PepsiCo in a research report on Wednesday, April 8th. Barclays dropped their price target on PepsiCo from $158.00 to $144.00 and set an “equal weight” rating for the company in a report on Thursday. 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 note on Thursday, June 25th. Citigroup lowered their price objective on PepsiCo from $182.00 to $170.00 and set a “buy” rating on the stock in a research report on Thursday, June 25th. Finally, Royal Bank Of Canada lowered their price target on shares of PepsiCo from $165.00 to $163.00 and set a “sector perform” rating on the stock in a research report on Thursday, April 9th. Eight analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $165.00.

PepsiCo Price Performance

Shares of PEP opened at $144.22 on Monday. PepsiCo, Inc. has a one year low of $132.96 and a one year high of $171.48. The company has a market cap 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. The company has a debt-to-equity ratio of 1.98, a current ratio of 0.90 and a quick ratio of 0.72. The firm has a 50 day simple moving average of $146.83 and a two-hundred day simple moving average of $151.76.

PepsiCo (NASDAQ:PEP) last issued its earnings results on Wednesday, April 15th. The company reported $1.61 earnings per share for the quarter, beating analysts’ consensus estimates of $1.55 by $0.06. The firm 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 company’s revenue was up 8.5% compared to the same quarter last year. During the same quarter last year, the business posted $1.48 EPS. Research analysts forecast that PepsiCo, Inc. will post 8.62 EPS for the current fiscal year.

PepsiCo Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, June 30th. Investors of record on Friday, June 5th were given a dividend of $1.48 per share. The ex-dividend date 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 is currently 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.