First Trust Advisors LP boosted its position in shares of PepsiCo, Inc. (NASDAQ:PEP – Free Report) by 4.0% during the 1st quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 3,964,236 shares of the company’s stock after purchasing an additional 151,849 shares during the period. First Trust Advisors LP’s holdings in PepsiCo were worth $615,606,000 at the end of the most recent reporting period.
Other hedge funds also recently modified their holdings of the company. Millennium Capital Advisors LLC acquired a new position in PepsiCo during the first quarter valued at $210,000. Fortis Capital Management LLC boosted its position in PepsiCo by 46.2% during the 1st quarter. Fortis Capital Management LLC now owns 5,861 shares of the company’s stock worth $910,000 after acquiring an additional 1,853 shares during the period. Temasek Holdings Private Ltd grew its stake in PepsiCo by 4.0% during the 1st quarter. Temasek Holdings Private Ltd now owns 579,619 shares of the company’s stock valued at $90,009,000 after acquiring an additional 22,193 shares in the last quarter. Danica Pension Livsforsikringsaktieselskab acquired a new position in PepsiCo in the 1st quarter valued at approximately $8,180,000. Finally, ABN Amro Investment Solutions increased its stake in shares of PepsiCo by 6.2% in the first quarter. ABN Amro Investment Solutions now owns 124,195 shares of the company’s stock worth $19,286,000 after acquiring an additional 7,258 shares during the last quarter. Hedge funds and other institutional investors own 73.07% of the company’s stock.
Analyst Upgrades and Downgrades
Several equities analysts recently weighed in on PEP shares. Deutsche Bank Aktiengesellschaft set a $155.00 price objective on shares of PepsiCo in a research report on Friday, July 10th. Royal Bank Of Canada lowered their target price on PepsiCo from $163.00 to $161.00 and set a “sector perform” rating on the stock in a report on Friday, July 10th. Morgan Stanley lowered their price objective on shares of PepsiCo from $180.00 to $160.00 and set an “equal weight” rating on the stock in a research note on Friday, July 10th. Rothschild & Co Redburn boosted their target price on shares of PepsiCo from $130.00 to $132.00 in a research report on Monday, May 11th. Finally, The Goldman Sachs Group increased their price target on shares of PepsiCo from $180.00 to $183.00 and gave the company a “buy” rating in a report on Friday, April 17th. Seven analysts have rated the stock with a Buy rating, twelve have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, PepsiCo has a consensus rating of “Hold” and an average target price of $157.90.
PepsiCo Trading Down 0.3%
Shares of PepsiCo stock opened at $135.00 on Wednesday. PepsiCo, Inc. has a 52-week low of $133.95 and a 52-week high of $171.48. The firm has a market capitalization of $184.26 billion, a PE ratio of 17.69, a price-to-earnings-growth ratio of 2.97 and a beta of 0.36. 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 company’s fifty day moving average price is $142.91 and its two-hundred day moving average price is $151.14.
PepsiCo (NASDAQ:PEP – Get Free Report) last issued its earnings results on Thursday, July 9th. The company reported $2.20 earnings per share for the quarter, beating the consensus estimate of $2.19 by $0.01. The business 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%. The firm’s revenue was up 6.4% on a year-over-year basis. During the same period in the previous year, the business earned $0.92 EPS. PepsiCo has set its FY 2026 guidance at 8.550-8.710 EPS. On average, analysts expect that PepsiCo, Inc. will post 8.58 EPS for the current year.
PepsiCo Dividend Announcement
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 30th. Stockholders of record on Friday, September 4th will be paid a $1.48 dividend. This represents a $5.92 annualized dividend and a dividend yield of 4.4%. The ex-dividend date is Friday, September 4th. PepsiCo’s dividend payout ratio is currently 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.
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