PepsiCo, Inc. $PEP Shares Acquired by Cerity Partners LLC

Cerity Partners LLC grew its position in PepsiCo, Inc. (NASDAQ:PEP) by 4.8% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 1,038,712 shares of the company’s stock after acquiring an additional 47,807 shares during the period. Cerity Partners LLC’s holdings in PepsiCo were worth $149,078,000 at the end of the most recent quarter.

A number of other large investors have also modified their holdings of the company. Miramar Capital LLC raised its position in shares of PepsiCo by 0.4% in the fourth quarter. Miramar Capital LLC now owns 123,909 shares of the company’s stock worth $17,783,000 after acquiring an additional 460 shares during the period. Erste Asset Management GmbH raised its position in shares of PepsiCo by 98.9% in the fourth quarter. Erste Asset Management GmbH now owns 253,561 shares of the company’s stock worth $36,525,000 after acquiring an additional 126,083 shares during the period. Brandywine Global Investment Management LLC raised its position in shares of PepsiCo by 42.4% in the fourth quarter. Brandywine Global Investment Management LLC now owns 1,391,861 shares of the company’s stock worth $199,760,000 after acquiring an additional 414,393 shares during the period. O Shaughnessy Asset Management LLC raised its position in shares of PepsiCo by 15.6% in the fourth quarter. O Shaughnessy Asset Management LLC now owns 287,650 shares of the company’s stock worth $41,284,000 after acquiring an additional 38,918 shares during the period. Finally, CenterBook Partners LP acquired a new position in shares of PepsiCo in the fourth quarter worth about $1,975,000. Institutional investors and hedge funds own 73.07% of the company’s stock.

Wall Street Analysts Forecast Growth

PEP has been the subject of several research analyst reports. Rothschild & Co Redburn upped their price target on shares of PepsiCo from $130.00 to $132.00 in a research report on Monday, May 11th. Wall Street Zen downgraded shares of PepsiCo from a “buy” rating to a “hold” rating in a research report on Saturday, April 18th. Evercore upped their price target on shares of PepsiCo from $165.00 to $170.00 in a research report on Friday, April 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 report on Monday, April 20th. Finally, JPMorgan Chase & Co. upped their price target on shares of PepsiCo from $172.00 to $178.00 and gave the stock an “overweight” rating in a research report on Friday, April 17th. Eight research analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, PepsiCo has a consensus rating of “Hold” and an average price target of $169.58.

PepsiCo Stock Down 0.9%

PEP opened at $140.68 on Tuesday. PepsiCo, Inc. has a twelve month low of $127.60 and a twelve month high of $171.48. The company has a quick ratio of 0.72, a current ratio of 0.90 and a debt-to-equity ratio of 1.98. The company has a 50-day moving average price of $152.01 and a 200 day moving average price of $152.48. The company has a market cap of $192.28 billion, a PE ratio of 22.08, a price-to-earnings-growth ratio of 2.57 and a beta of 0.35.

PepsiCo (NASDAQ:PEP) last released its quarterly earnings data on Wednesday, April 15th. The company reported $1.61 EPS for the quarter, beating analysts’ consensus estimates of $1.55 by $0.06. The company had revenue of $19.44 billion during 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 quarterly revenue was up 8.5% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.48 EPS. Sell-side analysts expect 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 issued a $1.48 dividend. This represents a $5.92 dividend on an annualized basis and a yield of 4.2%. The ex-dividend date is Friday, June 5th. This is a positive change from PepsiCo’s previous quarterly dividend of $1.42. PepsiCo’s payout ratio is currently 92.94%.

PepsiCo News Summary

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

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.