PepsiCo, Inc. $PEP Shares Acquired by Chicago Partners Investment Group LLC

Chicago Partners Investment Group LLC lifted its holdings in PepsiCo, Inc. (NASDAQ:PEP) by 32.1% in the first quarter, according to its most recent disclosure with the SEC. The institutional investor owned 29,441 shares of the company’s stock after purchasing an additional 7,152 shares during the period. Chicago Partners Investment Group LLC’s holdings in PepsiCo were worth $4,528,000 at the end of the most recent reporting period.

A number of other hedge funds also recently added to or reduced their stakes in the business. Captrust Financial Advisors boosted its holdings in shares of PepsiCo by 3.6% in the 3rd quarter. Captrust Financial Advisors now owns 554,798 shares of the company’s stock valued at $77,916,000 after buying an additional 19,218 shares in the last quarter. Swiss Life Asset Management Ltd raised its stake in PepsiCo by 11.4% during the 4th 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. lifted its position in PepsiCo by 622.3% in the fourth quarter. Murphy Middleton Hinkle & Parker Inc. now owns 35,603 shares of the company’s stock valued at $5,110,000 after acquiring an additional 30,674 shares during the last quarter. Allstate Corp boosted its stake in PepsiCo by 108.1% in the fourth quarter. Allstate Corp now owns 104,723 shares of the company’s stock valued at $15,030,000 after acquiring an additional 54,405 shares in the last quarter. Finally, National Pension Service increased its position in shares of 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 in the last quarter. 73.07% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

PEP has been the topic of a number of research reports. Wells Fargo & Company dropped their price target on PepsiCo from $150.00 to $140.00 and set an “equal weight” rating on the stock in a research note on Friday. HSBC raised their target price on shares of PepsiCo from $175.00 to $176.00 and gave the stock a “hold” rating in a research report on Friday, April 17th. UBS Group set a $159.00 price target on shares of PepsiCo in a research note on Thursday. Royal Bank Of Canada dropped their price objective on shares of PepsiCo from $163.00 to $161.00 and set a “sector perform” rating on the stock in a research note on Friday. Finally, TD Cowen decreased their target price on shares of PepsiCo from $150.00 to $145.00 and set a “hold” rating for the company in a research note on Friday. Seven research analysts have rated the stock with a Buy rating, twelve have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, PepsiCo currently has an average rating of “Hold” and a consensus price target of $157.70.

PepsiCo Price Performance

PepsiCo stock opened at $138.49 on Tuesday. The company has a debt-to-equity ratio of 1.91, a current ratio of 0.93 and a quick ratio of 0.74. The business has a 50 day simple moving average of $145.02 and a 200-day simple moving average of $151.45. PepsiCo, Inc. has a 12 month low of $133.75 and a 12 month high of $171.48. The stock has a market capitalization of $189.02 billion, a PE ratio of 18.15, a price-to-earnings-growth ratio of 2.78 and a beta of 0.36.

PepsiCo (NASDAQ:PEP) last posted its quarterly earnings data on Thursday, July 9th. The company reported $2.20 earnings per share for the quarter, beating analysts’ consensus estimates of $2.19 by $0.01. The firm had revenue of $24.18 billion for the quarter, compared to analyst estimates of $23.95 billion. PepsiCo had a net margin of 10.78% and a return on equity of 54.63%. PepsiCo’s quarterly revenue was up 6.4% on a year-over-year basis. During the same period last year, the firm posted $0.92 EPS. PepsiCo has set its FY 2026 guidance at 8.550-8.710 EPS. Equities analysts predict that PepsiCo, Inc. will post 8.59 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 given a $1.48 dividend. The ex-dividend date was Friday, June 5th. This is an increase from PepsiCo’s previous quarterly dividend of $1.42. This represents a $5.92 dividend on an annualized basis and a yield of 4.3%. PepsiCo’s payout ratio is 77.59%.

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.