Sivia Capital Partners LLC raised its position in PepsiCo, Inc. (NASDAQ:PEP – Free Report) by 53.9% during the fourth quarter, Holdings Channel reports. The fund owned 16,363 shares of the company’s stock after acquiring an additional 5,734 shares during the period. PepsiCo comprises approximately 0.5% of Sivia Capital Partners LLC’s investment portfolio, making the stock its 27th biggest position. Sivia Capital Partners LLC’s holdings in PepsiCo were worth $2,348,000 at the end of the most recent quarter.
A number of other institutional investors also recently bought and sold shares of the company. Lido Advisors LLC lifted its holdings in PepsiCo by 0.8% in the fourth quarter. Lido Advisors LLC now owns 132,010 shares of the company’s stock valued at $18,643,000 after acquiring an additional 1,066 shares during the period. Evolution Wealth Management Inc. lifted its holdings in PepsiCo by 47.8% in the fourth quarter. Evolution Wealth Management Inc. now owns 232 shares of the company’s stock valued at $33,000 after acquiring an additional 75 shares during the period. REAP Financial Group LLC lifted its holdings in PepsiCo by 28.4% in the fourth quarter. REAP Financial Group LLC now owns 1,508 shares of the company’s stock valued at $216,000 after acquiring an additional 334 shares during the period. Kennon Green & Company LLC lifted its holdings in PepsiCo by 42.9% in the fourth quarter. Kennon Green & Company LLC now owns 36,571 shares of the company’s stock valued at $5,249,000 after acquiring an additional 10,985 shares during the period. Finally, WCG Wealth Advisors LLC lifted its holdings in PepsiCo by 51.2% in the fourth quarter. WCG Wealth Advisors LLC now owns 24,266 shares of the company’s stock valued at $3,483,000 after acquiring an additional 8,220 shares during the period. Institutional investors own 73.07% of the company’s stock.
Key Stories Impacting PepsiCo
Here are the key news stories impacting PepsiCo this week:
- Positive Sentiment: PepsiCo launched new products aimed at premium and growth categories, including the Adrenaline Rush energy drink and PopCorners Protein, which could help support volume and mix improvement. PepsiCo launches energy drink Adrenaline Rush, eyes mass-premium segment
- Positive Sentiment: The company’s affordability and modernization messaging suggests it is adapting to weaker consumer spending by offering more value-oriented products and packaging, which may help protect market share. How PepsiCo Is Achieving Affordability
- Positive Sentiment: Recent commentary highlighted PepsiCo’s dividend appeal and ongoing health-focused product push, which supports the stock’s defensive-income profile for investors. PepsiCo (PEP) Valuation Check After Earnings Beat Dividend Hike And Health Focused Product Push
Wall Street Analysts Forecast Growth
Get Our Latest Stock Report on PEP
PepsiCo Stock Up 0.4%
NASDAQ PEP opened at $142.54 on Thursday. The stock’s 50-day moving average price is $152.57 and its 200-day moving average price is $152.61. The company has a quick ratio of 0.72, a current ratio of 0.90 and a debt-to-equity ratio of 1.98. PepsiCo, Inc. has a 52 week low of $127.60 and a 52 week high of $171.48. The company has a market capitalization of $194.82 billion, a P/E ratio of 22.38, a price-to-earnings-growth ratio of 2.57 and a beta of 0.35.
PepsiCo (NASDAQ:PEP – Get Free Report) last posted its quarterly earnings data on Wednesday, April 15th. The company reported $1.61 EPS for the quarter, topping the consensus estimate 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 last year, the company earned $1.48 earnings per share. The business’s revenue for the quarter was up 8.5% compared to the same quarter last year. On average, equities research analysts predict that PepsiCo, Inc. will post 8.63 earnings per share for the current year.
PepsiCo Increases Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 30th. Stockholders of record on Friday, June 5th will be paid a $1.48 dividend. This represents a $5.92 annualized dividend and a dividend yield of 4.2%. This is an increase from PepsiCo’s previous quarterly dividend of $1.42. The ex-dividend date of this dividend is Friday, June 5th. PepsiCo’s dividend payout ratio is 89.32%.
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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