Everett Harris & Co. CA Has $55.21 Million Stock Position in PepsiCo, Inc. $PEP

Everett Harris & Co. CA lowered its position in shares of PepsiCo, Inc. (NASDAQ:PEP) by 4.5% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 384,714 shares of the company’s stock after selling 17,992 shares during the quarter. PepsiCo makes up approximately 0.7% of Everett Harris & Co. CA’s holdings, making the stock its 25th biggest holding. Everett Harris & Co. CA’s holdings in PepsiCo were worth $55,214,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in the company. MH & Associates Securities Management Corp ADV acquired a new stake in PepsiCo in the 4th quarter valued at about $29,000. Imprint Wealth LLC acquired a new stake in PepsiCo in the 3rd quarter valued at about $31,000. Strategic Advocates LLC acquired a new stake in PepsiCo in the 3rd quarter valued at about $33,000. Mowery & Schoenfeld Wealth Management LLC acquired a new stake in PepsiCo in the 4th quarter valued at about $33,000. Finally, Evolution Wealth Management Inc. increased its position in PepsiCo by 47.8% in the 4th quarter. Evolution Wealth Management Inc. now owns 232 shares of the company’s stock valued at $33,000 after acquiring an additional 75 shares in the last quarter. Institutional investors and hedge funds own 73.07% of the company’s stock.

More PepsiCo News

Here are the key news stories impacting PepsiCo this week:

• Positive Sentiment: PepsiCo and Gatik launched a broader autonomous trucking deployment in North America, with driverless trucks now delivering Doritos in multiple states. The move could improve logistics efficiency, lower delivery costs over time, and highlight PepsiCo’s willingness to adopt automation in its supply chain. Article Title
• Positive Sentiment: PepsiCo’s push into India’s energy drink market with Adrenaline Rush expands its exposure to a fast-growing beverage category and adds another growth lever in an important emerging market. Article Title
• Neutral Sentiment: Coverage of competitor Coca-Cola’s pricing strategy and volume trends may reinforce the broader consumer staples backdrop, but it does not directly change PepsiCo’s fundamentals. Article Title
• Neutral Sentiment: Several articles discussed Celsius Holdings’ growth and its reliance on PepsiCo distribution, which indirectly highlights PepsiCo’s distribution strength, but the impact on PEP shares appears limited and indirect. Article Title
• Negative Sentiment: A separate article on Campbell’s Soup was incorrectly tagged with PEP and is unrelated to PepsiCo, so it should not be viewed as a catalyst for the stock. Article Title

Wall Street Analyst Weigh In

Several research firms have weighed in on PEP. HSBC raised their price objective on shares of PepsiCo from $175.00 to $176.00 and gave the company a “hold” rating in a research report on Friday, April 17th. JPMorgan Chase & Co. raised their price objective on shares of PepsiCo from $172.00 to $178.00 and gave the company an “overweight” rating in a research report on Friday, April 17th. BNP Paribas Exane raised their price objective on shares of PepsiCo from $191.00 to $195.00 and gave the company an “outperform” rating in a research report on Friday, April 17th. Royal Bank Of Canada lowered their price objective on shares of PepsiCo from $165.00 to $163.00 and set a “sector perform” rating for the company in a research report on Thursday, April 9th. Finally, Weiss Ratings restated a “hold (c)” rating on shares of PepsiCo in a research report on Wednesday, April 8th. Eight analysts have rated the stock with a Buy rating, ten have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $169.58.

PepsiCo Stock Down 0.9%

PepsiCo stock opened at $140.68 on Tuesday. The company’s 50 day simple moving average is $152.01 and its 200 day simple moving average is $152.48. PepsiCo, Inc. has a fifty-two week low of $127.60 and a fifty-two week high of $171.48. The firm has a market capitalization of $192.28 billion, a price-to-earnings ratio of 22.08, a PEG ratio of 2.57 and a beta of 0.35. 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) last released its quarterly earnings data 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. PepsiCo had a net margin of 9.15% and a return on equity of 56.61%. The business had revenue of $19.44 billion for the quarter, compared to analyst estimates of $18.89 billion. During the same quarter last year, the firm earned $1.48 EPS. PepsiCo’s quarterly revenue was up 8.5% compared to the same quarter last year. As a group, sell-side analysts anticipate that PepsiCo, Inc. will post 8.63 EPS for the current year.

PepsiCo Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 30th. Investors of record on Friday, June 5th will be paid a dividend of $1.48 per share. This represents a $5.92 annualized dividend and a yield of 4.2%. 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. PepsiCo’s payout ratio is 92.94%.

PepsiCo 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.