Kingsview Wealth Management LLC increased its stake in shares of PepsiCo, Inc. (NASDAQ:PEP – Free Report) by 11.9% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 54,773 shares of the company’s stock after acquiring an additional 5,811 shares during the quarter. Kingsview Wealth Management LLC’s holdings in PepsiCo were worth $7,861,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other hedge funds and other institutional investors have also recently bought and sold shares of the company. MH & Associates Securities Management Corp ADV purchased a new position in shares of PepsiCo in the fourth quarter worth $29,000. Imprint Wealth LLC purchased a new stake in PepsiCo during the 3rd quarter valued at $31,000. Mowery & Schoenfeld Wealth Management LLC bought a new stake in PepsiCo in the 4th quarter worth $33,000. Strategic Advocates LLC purchased a new position in shares of PepsiCo in the third quarter valued at about $33,000. Finally, Highline Wealth Partners LLC increased its position in shares of PepsiCo by 56.3% in the fourth quarter. Highline Wealth Partners LLC now owns 250 shares of the company’s stock valued at $36,000 after acquiring an additional 90 shares during the period. Institutional investors own 73.07% of the company’s stock.
PepsiCo News Summary
Here are the key news stories impacting PepsiCo this week:
- Positive Sentiment: PepsiCo recently boosted its quarterly dividend by 4% to $1.48 per share, a signal of confidence in cash flow and shareholder returns. The company was also highlighted as one of the best dividend-paying beverage stocks to buy now. Here is Why PepsiCo (PEP) is Among the Best Dividend-Paying Beverage Stocks to Buy Now
- Positive Sentiment: Piper Sandler reiterated a Buy rating on PepsiCo with a $181 price target, suggesting upside from current levels even as investors weigh inflation headwinds. Piper Sandler Sticks With Buy Rating on PepsiCo (PEP) Amid Inflation Concerns
- Neutral Sentiment: PepsiCo and the PepsiCo Foundation announced several sustainability and agriculture initiatives, including support for young European farmers and a low-carbon fertilizer alliance, which may help long-term brand positioning but is unlikely to move the stock immediately. Future Harvest: The European program tackling the decline in generational renewal in farming
- Neutral Sentiment: Reports about new packaging labels, AI hiring priorities, and PepsiCo’s role in APAC sports sponsorship mostly reflect ongoing operational and marketing trends rather than a direct earnings catalyst. PepsiCo new packaging to carry ‘no artificial flavours or colours’ label
- Negative Sentiment: Recent trading has shown PepsiCo stock slipping as the broader market rose, with investors still concerned about inflation pressures and margin risk for a consumer staples company facing higher input costs. PepsiCo (PEP) Stock Slides as Market Rises: Facts to Know Before You Trade
Analyst Upgrades and Downgrades
Check Out Our Latest Stock Report on PepsiCo
PepsiCo Price Performance
PEP stock opened at $146.29 on Friday. 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 1 year low of $127.60 and a 1 year high of $171.48. The firm has a 50-day moving average of $153.31 and a 200 day moving average of $152.66. The company has a market cap of $199.94 billion, a P/E ratio of 22.97, a PEG ratio of 2.68 and a beta of 0.38.
PepsiCo (NASDAQ:PEP – Get Free Report) last posted its earnings results on Wednesday, April 15th. The company reported $1.61 earnings per share for the quarter, topping analysts’ consensus estimates of $1.55 by $0.06. PepsiCo had a return on equity of 56.61% and a net margin of 9.15%.The firm had revenue of $19.44 billion for the quarter, compared to the consensus estimate of $18.89 billion. During the same quarter in the prior year, the business earned $1.48 EPS. The business’s revenue for the quarter was up 8.5% on a year-over-year basis. On average, sell-side analysts forecast that PepsiCo, Inc. will post 8.63 EPS for the current year.
PepsiCo Increases Dividend
The company also recently declared a quarterly dividend, which will be paid on Tuesday, June 30th. Investors of record on Friday, June 5th will be paid a $1.48 dividend. The ex-dividend date of this dividend is Friday, June 5th. This is a positive change from PepsiCo’s previous quarterly dividend of $1.42. This represents a $5.92 annualized dividend and a yield of 4.0%. PepsiCo’s payout ratio is currently 89.32%.
PepsiCo announced that its board has authorized a share buyback program on Tuesday, February 3rd that allows the company to repurchase $10.00 billion in outstanding shares. This repurchase authorization allows the company to repurchase up to 4.7% of its shares through open market purchases. Shares repurchase programs are generally a sign that the company’s board of directors believes its shares are undervalued.
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.
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