Korea Investment CORP Sells 105,441 Shares of PepsiCo, Inc. $PEP

Korea Investment CORP lessened its stake in shares of PepsiCo, Inc. (NASDAQ:PEP) by 9.5% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 1,001,015 shares of the company’s stock after selling 105,441 shares during the period. Korea Investment CORP’s holdings in PepsiCo were worth $143,666,000 as of its most recent filing with the SEC.

Other institutional investors have also recently bought and sold shares of the company. Captrust Financial Advisors increased its position in PepsiCo by 3.6% during the third quarter. Captrust Financial Advisors now owns 554,798 shares of the company’s stock worth $77,916,000 after buying an additional 19,218 shares during the last quarter. Swiss Life Asset Management Ltd increased its position in PepsiCo by 11.4% during the fourth quarter. Swiss Life Asset Management Ltd now owns 415,271 shares of the company’s stock worth $59,600,000 after buying an additional 42,335 shares during the last quarter. Murphy Middleton Hinkle & Parker Inc. increased its position in PepsiCo by 622.3% during the fourth quarter. Murphy Middleton Hinkle & Parker Inc. now owns 35,603 shares of the company’s stock worth $5,110,000 after buying an additional 30,674 shares during the last quarter. Allstate Corp increased its position in PepsiCo by 108.1% during the fourth quarter. Allstate Corp now owns 104,723 shares of the company’s stock worth $15,030,000 after buying an additional 54,405 shares during the last quarter. Finally, NEOS Investment Management LLC increased its position in PepsiCo by 65.8% during the third quarter. NEOS Investment Management LLC now owns 577,111 shares of the company’s stock worth $81,049,000 after buying an additional 229,121 shares during the last quarter. Institutional investors and hedge funds own 73.07% of the company’s stock.

Wall Street Analyst Weigh In

PEP has been the topic of several research reports. Barclays upped their target price on PepsiCo from $154.00 to $158.00 and gave the company an “equal weight” rating in a research report on Monday, April 20th. UBS Group decreased their target price on PepsiCo from $190.00 to $186.00 and set a “buy” rating on the stock in a research report on Tuesday, April 7th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of PepsiCo in a research report on Wednesday, April 8th. BNP Paribas Exane upped their target price on PepsiCo from $191.00 to $195.00 and gave the company an “outperform” rating in a research report on Friday, April 17th. Finally, Sanford C. Bernstein initiated coverage on PepsiCo in a research report on Thursday. They issued a “market perform” rating and a $143.00 target price on the stock. Eight analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $167.35.

PepsiCo Trading Up 0.4%

Shares of NASDAQ:PEP opened at $144.27 on Friday. The company has a market capitalization of $197.18 billion, a P/E ratio of 22.65, a P/E/G ratio of 2.60 and a beta of 0.35. PepsiCo, Inc. has a 1 year low of $127.60 and a 1 year high of $171.48. 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 business’s 50 day simple moving average is $151.11 and its 200 day simple moving average is $152.37.

PepsiCo (NASDAQ:PEP) last issued its quarterly earnings results on Wednesday, April 15th. The company reported $1.61 earnings per share (EPS) 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 return on equity of 56.61% and a net margin of 9.15%.The firm’s quarterly revenue was up 8.5% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.48 earnings per share. On average, research analysts anticipate that PepsiCo, Inc. will post 8.63 EPS for the current fiscal year.

PepsiCo Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, June 30th. Investors of record on Friday, June 5th will be given a dividend of $1.48 per share. This is an increase 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 of this dividend is Friday, June 5th. PepsiCo’s dividend payout ratio (DPR) is currently 92.94%.

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

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.