Howe & Rusling Inc. grew its holdings in PepsiCo, Inc. (NASDAQ:PEP – Free Report) by 5.8% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 100,015 shares of the company’s stock after purchasing an additional 5,459 shares during the period. PepsiCo comprises 1.0% of Howe & Rusling Inc.’s portfolio, making the stock its 24th largest holding. Howe & Rusling Inc.’s holdings in PepsiCo were worth $15,531,000 as of its most recent SEC filing.
A number of other hedge funds have also made changes to their positions in PEP. St. Johns Investment Management Company LLC boosted its holdings in shares of PepsiCo by 7.2% during the first quarter. St. Johns Investment Management Company LLC now owns 7,491 shares of the company’s stock worth $1,163,000 after purchasing an additional 505 shares during the period. Hudson Edge Investment Partners Inc. acquired a new position in PepsiCo in the 1st quarter valued at approximately $7,704,000. V Square Quantitative Management LLC lifted its position in PepsiCo by 4.9% in the 1st quarter. V Square Quantitative Management LLC now owns 31,154 shares of the company’s stock worth $4,838,000 after buying an additional 1,443 shares in the last quarter. Latitude Advisors LLC boosted its stake in shares of PepsiCo by 4.0% during the 1st quarter. Latitude Advisors LLC now owns 2,361 shares of the company’s stock valued at $367,000 after buying an additional 91 shares during the period. Finally, Evolution Wealth Management Inc. boosted its stake in shares of PepsiCo by 86.2% during the 1st quarter. Evolution Wealth Management Inc. now owns 432 shares of the company’s stock valued at $67,000 after buying an additional 200 shares during the period. 73.07% of the stock is owned by hedge funds and other institutional investors.
Wall Street Analyst Weigh In
A number of equities analysts have recently weighed in on the stock. Rothschild & Co Redburn upped their price target on shares of PepsiCo from $130.00 to $132.00 in a research note on Monday, May 11th. UBS Group reduced their price objective on PepsiCo from $186.00 to $172.00 and set a “buy” rating for the company in a research report on Thursday. Weiss Ratings reaffirmed a “hold (c)” rating on shares of PepsiCo in a research report on Wednesday, April 8th. Barclays cut their price target on PepsiCo from $158.00 to $144.00 and set an “equal weight” rating for the company in a research note on Thursday. Finally, Evercore lifted their price target on PepsiCo from $165.00 to $170.00 in a report on Friday, April 17th. Eight research analysts have rated the stock with a Buy rating, eleven have given a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, PepsiCo presently has a consensus rating of “Hold” and an average target price of $165.00.
PepsiCo Price Performance
PEP stock opened at $144.22 on Friday. The firm has a market cap of $197.12 billion, a PE ratio of 22.64, a PEG ratio of 2.91 and a beta of 0.36. PepsiCo, Inc. has a 1 year low of $132.96 and a 1 year high of $171.48. The company has a fifty day simple moving average of $146.83 and a 200 day simple moving average of $151.76. The company has a current ratio of 0.90, a quick ratio of 0.72 and a debt-to-equity ratio of 1.98.
PepsiCo (NASDAQ:PEP – Get Free Report) last posted its earnings results 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 net margin of 9.15% and a return on equity of 56.61%. The firm had revenue of $19.44 billion for the quarter, compared to the consensus estimate of $18.89 billion. During the same period in the prior year, the business posted $1.48 earnings per share. The business’s quarterly revenue was up 8.5% on a year-over-year basis. Sell-side analysts anticipate 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. Stockholders of record on Friday, June 5th were issued a dividend of $1.48 per share. The ex-dividend date of this dividend was Friday, June 5th. This represents a $5.92 dividend on an annualized basis and a dividend yield of 4.1%. This is a positive change from PepsiCo’s previous quarterly dividend of $1.42. PepsiCo’s payout ratio is currently 92.94%.
Key Stories Impacting PepsiCo
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
PepsiCo Company 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.
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