Evelyn Partners Investment Management LLP Has $5.59 Million Stake in PepsiCo, Inc. $PEP

Evelyn Partners Investment Management LLP reduced its position in shares of PepsiCo, Inc. (NASDAQ:PEP) by 16.1% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 36,016 shares of the company’s stock after selling 6,926 shares during the period. Evelyn Partners Investment Management LLP’s holdings in PepsiCo were worth $5,593,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also added to or reduced their stakes in PEP. Quantinno Capital Management LP grew its holdings in PepsiCo by 19.4% in the 1st quarter. Quantinno Capital Management LP now owns 637,889 shares of the company’s stock valued at $99,058,000 after buying an additional 103,635 shares in the last quarter. Lazard Asset Management LLC lifted its holdings in shares of PepsiCo by 31.4% during the first quarter. Lazard Asset Management LLC now owns 1,407,731 shares of the company’s stock worth $218,607,000 after buying an additional 336,676 shares in the last quarter. Northeast Financial Group Inc. bought a new stake in shares of PepsiCo in the first quarter valued at about $206,000. Gateway Wealth Partners LLC boosted its position in shares of PepsiCo by 162.3% in the first quarter. Gateway Wealth Partners LLC now owns 19,216 shares of the company’s stock valued at $2,984,000 after acquiring an additional 11,890 shares during the period. Finally, Blue Chip Partners LLC grew its stake in shares of PepsiCo by 5.9% in the first quarter. Blue Chip Partners LLC now owns 85,497 shares of the company’s stock valued at $13,277,000 after acquiring an additional 4,776 shares in the last quarter. 73.07% of the stock is currently owned by institutional investors.

PepsiCo Price Performance

PEP stock opened at $139.79 on Tuesday. The company has a quick ratio of 0.74, a current ratio of 0.93 and a debt-to-equity ratio of 1.91. PepsiCo, Inc. has a 12 month low of $133.73 and a 12 month high of $171.48. The firm has a market cap of $190.80 billion, a P/E ratio of 18.32, a P/E/G ratio of 3.00 and a beta of 0.36. The company’s 50-day moving average price is $141.93 and its two-hundred day moving average price is $151.01.

PepsiCo (NASDAQ:PEP) last issued its quarterly earnings results on Thursday, July 9th. The company reported $2.20 earnings per share for the quarter, topping analysts’ consensus estimates of $2.19 by $0.01. The company had revenue of $24.18 billion during the quarter, compared to the consensus estimate of $23.95 billion. PepsiCo had a net margin of 10.78% and a return on equity of 54.63%. The firm’s quarterly revenue was up 6.4% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.92 EPS. PepsiCo has set its FY 2026 guidance at 8.550-8.710 EPS. On average, analysts anticipate that PepsiCo, Inc. will post 8.57 earnings per share for the current fiscal year.

PepsiCo Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, September 30th. Shareholders of record on Friday, September 4th will be paid a dividend of $1.48 per share. The ex-dividend date is Friday, September 4th. This represents a $5.92 annualized dividend and a yield of 4.2%. PepsiCo’s dividend payout ratio is presently 77.59%.

Analyst Upgrades and Downgrades

PEP has been the subject of several analyst reports. The Goldman Sachs Group lifted their price objective on shares of PepsiCo from $180.00 to $183.00 and gave the stock a “buy” rating in a research note on Friday, April 17th. HSBC raised their target price on shares of PepsiCo from $175.00 to $176.00 and gave the stock a “hold” rating in a report on Friday, April 17th. Piper Sandler set a $176.00 price target on shares of PepsiCo in a research report on Thursday, July 9th. Citigroup downgraded PepsiCo from a “buy” rating to a “neutral” rating and reduced their price target for the stock from $170.00 to $145.00 in a research report on Friday, July 10th. Finally, JPMorgan Chase & Co. lowered their price objective on PepsiCo from $178.00 to $170.00 and set an “overweight” rating on the stock in a research note on Wednesday, July 1st. Seven analysts have rated the stock with a Buy rating, twelve have issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $157.90.

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.