Lmcg Investments LLC grew its position in shares of PepsiCo, Inc. (NASDAQ:PEP – Free Report) by 44.1% during the first quarter, Holdings Channel reports. The firm owned 85,255 shares of the company’s stock after acquiring an additional 26,090 shares during the quarter. Lmcg Investments LLC’s holdings in PepsiCo were worth $13,239,000 at the end of the most recent quarter.
Other institutional investors have also modified their holdings of the company. Cypress Capital Management LLC WY lifted its stake in PepsiCo by 8.3% during the 4th quarter. Cypress Capital Management LLC WY now owns 838 shares of the company’s stock worth $121,000 after acquiring an additional 64 shares in the last quarter. United Bank increased its stake in PepsiCo by 3.9% during the fourth quarter. United Bank now owns 1,717 shares of the company’s stock worth $246,000 after purchasing an additional 65 shares during the period. Onyx Bridge Wealth Group LLC grew its holdings in shares of PepsiCo by 2.5% in the first quarter. Onyx Bridge Wealth Group LLC now owns 2,673 shares of the company’s stock valued at $415,000 after purchasing an additional 66 shares in the last quarter. Richards Merrill & Peterson Inc. increased its stake in PepsiCo by 3.6% during the 1st quarter. Richards Merrill & Peterson Inc. now owns 1,938 shares of the company’s stock worth $301,000 after buying an additional 67 shares during the period. Finally, Koa Wealth Management LLC lifted its holdings in PepsiCo by 0.9% during the 4th quarter. Koa Wealth Management LLC now owns 8,007 shares of the company’s stock worth $1,149,000 after buying an additional 68 shares in the last quarter. 73.07% of the stock is owned by institutional investors and hedge funds.
Wall Street Analysts Forecast Growth
PEP has been the subject of several research reports. Rothschild & Co Redburn boosted their price target on shares of PepsiCo from $130.00 to $132.00 in a research note on Monday, May 11th. Bank of America decreased their target price on PepsiCo from $173.00 to $164.00 and set a “neutral” rating for the company in a report on Thursday, June 25th. Wall Street Zen downgraded PepsiCo from a “buy” rating to a “hold” rating in a report on Saturday, April 18th. Evercore lifted their price objective on PepsiCo from $165.00 to $170.00 in a research note on Friday, April 17th. Finally, UBS Group cut their target price on shares of PepsiCo from $186.00 to $172.00 and set a “buy” rating on the stock in a research note on Thursday, July 2nd. Eight analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the company has an average rating of “Hold” and an average target price of $165.00.
PepsiCo Stock Up 1.2%
Shares of NASDAQ PEP opened at $144.98 on Wednesday. The business has a 50-day moving average of $146.38 and a two-hundred day moving average of $151.68. The company has a market capitalization of $198.15 billion, a price-to-earnings ratio of 22.76, a price-to-earnings-growth ratio of 2.89 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 debt-to-equity ratio of 1.98, a current ratio of 0.90 and a quick ratio of 0.72.
PepsiCo (NASDAQ:PEP – Get Free Report) last issued its earnings results on Wednesday, April 15th. The company reported $1.61 earnings per share for the quarter, topping the consensus estimate of $1.55 by $0.06. The business had revenue of $19.44 billion for the quarter, compared to analyst estimates of $18.89 billion. PepsiCo had a return on equity of 56.61% and a net margin of 9.15%.The business’s quarterly revenue was up 8.5% on a year-over-year basis. During the same quarter last year, the company earned $1.48 EPS. On average, analysts forecast that PepsiCo, Inc. will post 8.62 earnings per share for the current fiscal year.
PepsiCo Increases Dividend
The business also recently declared a quarterly dividend, which was paid on Tuesday, June 30th. Investors of record on Friday, June 5th were paid a dividend of $1.48 per share. The ex-dividend date was Friday, June 5th. This represents a $5.92 annualized dividend and a yield of 4.1%. This is an increase from PepsiCo’s previous quarterly dividend of $1.42. PepsiCo’s dividend payout ratio (DPR) is 92.94%.
Key PepsiCo News
Here are the key news stories impacting PepsiCo this week:
- Positive Sentiment: Investors are buying ahead of earnings, expecting PepsiCo’s pricing reset, product simplification, and new product launches to support a recovery in demand and volume growth. PepsiCo Rises Ahead of Q2 Results as Investors Bet Turnaround Gains Are Holding
- Positive Sentiment: Market commentary from Jim Cramer framed PepsiCo as a quality stock that may benefit from rotation into defensive names, which can support sentiment even during broader volatility. PepsiCo and more: Jim Cramer says market rotation is creating buying chances, picks 4 stocks
- Neutral Sentiment: Investors are watching for a potentially large post-earnings move, with options pricing implying the stock could swing meaningfully after results. Here’s How Much PepsiCo Stock Is Expected to Move After Earnings
- Neutral Sentiment: Broader market headlines are keeping consumer staples and blue chips in focus, but they do not directly change PepsiCo’s fundamentals. Chips Slip Again as Caterpillar Bites the Dow: Stock Market Today
- Negative Sentiment: Barclays recently cut its price target and warned that PepsiCo’s turnaround could be losing momentum, highlighting risk if North American demand remains weak. PEP Stock Faces Fresh Pressure: Barclays Cuts Price Target, Warns Turnaround Is Losing Steam Ahead Of Q2 Earnings
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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