PepsiCo, Inc. $PEP Shares Bought by Ieq Capital LLC

Ieq Capital LLC grew its stake in shares of PepsiCo, Inc. (NASDAQ:PEP) by 12.7% in the fourth quarter, Holdings Channel.com reports. The fund owned 497,495 shares of the company’s stock after buying an additional 55,983 shares during the quarter. Ieq Capital LLC’s holdings in PepsiCo were worth $71,400,000 at the end of the most recent reporting period.

Several other large investors also recently added to or reduced their stakes in PEP. Swiss RE Ltd. acquired a new stake in PepsiCo during the 4th quarter valued at $28,000. MH & Associates Securities Management Corp ADV acquired a new stake in PepsiCo during the 4th quarter valued at $29,000. Imprint Wealth LLC acquired a new stake in PepsiCo during the 3rd quarter valued at $31,000. Strategic Advocates LLC acquired a new stake in PepsiCo during the 3rd quarter valued at $33,000. Finally, Mowery & Schoenfeld Wealth Management LLC acquired a new stake in PepsiCo during the 4th quarter valued at $33,000. 73.07% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several analysts have issued reports on PEP shares. UBS Group cut their target price on shares of PepsiCo from $190.00 to $186.00 and set a “buy” rating on the stock in a research note on Tuesday, April 7th. Argus raised shares of PepsiCo to a “hold” rating in a research note on Tuesday, February 17th. Barclays upped their price target on shares of PepsiCo from $154.00 to $158.00 and gave the stock an “equal weight” rating in a research note on Monday, April 20th. Sanford C. Bernstein began coverage on shares of PepsiCo in a research note on Thursday. They issued a “market perform” rating and a $143.00 price target on the stock. Finally, Deutsche Bank Aktiengesellschaft upped their price target on shares of PepsiCo from $169.00 to $173.00 and gave the stock a “buy” rating in a research note on Friday, April 17th. Eight analysts have rated the stock with a Buy rating, eleven have given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $167.35.

PepsiCo News Summary

Here are the key news stories impacting PepsiCo this week:

• Positive Sentiment: PepsiCo continues to expand its autonomous freight network with Gatik, a move that could improve logistics efficiency and help address staffing challenges in hard-to-serve routes. How PepsiCo’s Driverless Freight Rollout With Gatik (PEP) Has Changed Its Investment Story
• Positive Sentiment: The company also highlighted sustainability-focused farmer financing through Compeer Financial, which supports PepsiCo’s supply chain and long-term agricultural sourcing strategy. Compeer Financial Collaborates with PepsiCo to Provide Strip-Till Equipment Financing
• Neutral Sentiment: PepsiCo was included in a Q1 review of beverage, alcohol, and tobacco stocks, but the article was primarily a peer comparison and did not indicate a major new catalyst. Beverages, Alcohol, and Tobacco Stocks Q1 In Review: PepsiCo (NASDAQ:PEP) Vs Peers
• Neutral Sentiment: Analyst estimate changes were modest, with Erste Group trimming FY2027 EPS slightly to $9.14 from $9.15, suggesting limited impact on the outlook.
• Negative Sentiment: TD Cowen cut its price target on PepsiCo to $150 from $165 and kept a hold rating, signaling more cautious near-term sentiment on the stock. TD Cowen adjusts PepsiCo price target to 150 from 165
• Negative Sentiment: Piper Sandler also lowered its price target on PepsiCo to $178 from $181, reinforcing the view that analysts see only limited upside from here. Piper Sandler adjusts price target on PepsiCo to 178 from 181

PepsiCo Trading Up 0.4%

NASDAQ PEP opened at $144.27 on Friday. PepsiCo, Inc. has a 1-year low of $127.60 and a 1-year high of $171.48. The company has a current ratio of 0.90, a quick ratio of 0.72 and a debt-to-equity ratio of 1.98. The company has a market capitalization of $197.18 billion, a PE ratio of 22.65, a price-to-earnings-growth ratio of 2.60 and a beta of 0.35. The firm’s fifty day simple moving average is $151.11 and its 200-day simple moving average is $152.37.

PepsiCo (NASDAQ:PEP) last posted its quarterly earnings results on Wednesday, April 15th. The company reported $1.61 earnings per share for the quarter, topping analysts’ consensus estimates of $1.55 by $0.06. The business had revenue of $19.44 billion for the quarter, compared to the consensus estimate of $18.89 billion. PepsiCo had a net margin of 9.15% and a return on equity of 56.61%. PepsiCo’s revenue for the quarter was up 8.5% compared to the same quarter last year. During the same period in the prior year, the business posted $1.48 earnings per share. As a group, sell-side analysts anticipate that PepsiCo, Inc. will post 8.63 earnings per share for the current fiscal year.

PepsiCo Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 30th. Investors of record on Friday, June 5th will be issued a $1.48 dividend. This is a boost from PepsiCo’s previous quarterly dividend of $1.42. This represents a $5.92 dividend on an annualized basis and a yield of 4.1%. The ex-dividend date is Friday, June 5th. PepsiCo’s dividend payout ratio is currently 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.