Panagora Asset Management Inc. Sells 173,647 Shares of PepsiCo, Inc. $PEP

Panagora Asset Management Inc. lessened its stake in PepsiCo, Inc. (NASDAQ:PEP) by 30.4% in the 4th quarter, Holdings Channel reports. The institutional investor owned 398,249 shares of the company’s stock after selling 173,647 shares during the period. Panagora Asset Management Inc.’s holdings in PepsiCo were worth $57,157,000 as of its most recent filing with the SEC.

Other hedge funds have also made changes to their positions in the company. Perryman Financial Advisory Inc. AD acquired a new position in PepsiCo in the fourth quarter worth about $7,912,000. PYA Waltman Capital LLC raised its position in PepsiCo by 6.0% in the fourth quarter. PYA Waltman Capital LLC now owns 13,722 shares of the company’s stock worth $1,969,000 after purchasing an additional 774 shares in the last quarter. Palisade Asset Management LLC raised its position in PepsiCo by 4.6% in the fourth quarter. Palisade Asset Management LLC now owns 114,493 shares of the company’s stock worth $16,432,000 after purchasing an additional 5,002 shares in the last quarter. Piedmont Capital Management LLC NC acquired a new position in PepsiCo in the fourth quarter worth about $245,000. Finally, Resources Management Corp CT ADV raised its position in PepsiCo by 2,791.2% in the fourth quarter. Resources Management Corp CT ADV now owns 75,924 shares of the company’s stock worth $10,897,000 after purchasing an additional 73,298 shares in the last quarter. Institutional investors own 73.07% of the company’s stock.

Trending Headlines about PepsiCo

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

Analysts Set New Price Targets

PEP has been the subject of several recent research reports. HSBC increased their price target on shares of PepsiCo from $175.00 to $176.00 and gave the stock a “hold” rating in a research report on Friday, April 17th. Wells Fargo & Company dropped their price target on shares of PepsiCo from $160.00 to $150.00 and set an “equal weight” rating for the company in a research report on Friday, June 5th. BNP Paribas Exane increased their price target on shares of PepsiCo from $191.00 to $195.00 and gave the stock an “outperform” rating in a research report on Friday, April 17th. Royal Bank Of Canada dropped their price target 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, Rothschild & Co Redburn increased their price target on shares of PepsiCo from $130.00 to $132.00 in a research report on Monday, May 11th. Eight investment analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $167.35.

PepsiCo Stock Performance

Shares of PepsiCo stock opened at $144.27 on Monday. The company has a debt-to-equity ratio of 1.98, a current ratio of 0.90 and a quick ratio of 0.72. The firm has a market cap of $197.18 billion, a P/E ratio of 22.65, a P/E/G ratio of 2.61 and a beta of 0.35. The firm has a 50 day simple moving average of $151.11 and a 200 day simple moving average of $152.41. PepsiCo, Inc. has a fifty-two week low of $127.60 and a fifty-two week high of $171.48.

PepsiCo (NASDAQ:PEP) last issued its quarterly earnings results on Wednesday, April 15th. The company reported $1.61 earnings per share for the quarter, beating analysts’ consensus estimates of $1.55 by $0.06. The business had revenue of $19.44 billion during the quarter, compared to analyst estimates 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 quarter last year, the business posted $1.48 earnings per share. Sell-side analysts predict 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. Shareholders of record on Friday, June 5th will be paid a $1.48 dividend. The ex-dividend date of this dividend is Friday, June 5th. 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%. PepsiCo’s payout ratio is 92.94%.

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.