Evelyn Partners Investment Management LLP Sells 22,724 Shares of PepsiCo, Inc. $PEP

Evelyn Partners Investment Management LLP lowered its stake in shares of PepsiCo, Inc. (NASDAQ:PEP) by 34.6% during the 4th quarter, Holdings Channel.com reports. The fund owned 42,942 shares of the company’s stock after selling 22,724 shares during the quarter. Evelyn Partners Investment Management LLP’s holdings in PepsiCo were worth $6,163,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also bought and sold shares of PEP. Norges Bank bought a new position in PepsiCo during the 4th quarter valued at about $3,018,813,000. AQR Capital Management LLC lifted its stake in PepsiCo by 120.7% during the 3rd quarter. AQR Capital Management LLC now owns 5,916,417 shares of the company’s stock valued at $830,902,000 after acquiring an additional 3,235,726 shares during the period. Amundi lifted its stake in PepsiCo by 30.0% during the 3rd quarter. Amundi now owns 8,641,588 shares of the company’s stock valued at $1,207,230,000 after acquiring an additional 1,995,362 shares during the period. Vanguard Group Inc. lifted its stake in PepsiCo by 1.2% during the 4th quarter. Vanguard Group Inc. now owns 138,483,870 shares of the company’s stock valued at $19,875,205,000 after acquiring an additional 1,612,652 shares during the period. Finally, Caisse de depot et placement du Quebec lifted its stake in PepsiCo by 151.7% during the 3rd quarter. Caisse de depot et placement du Quebec now owns 2,597,986 shares of the company’s stock valued at $364,861,000 after acquiring an additional 1,565,883 shares during the period. Institutional investors own 73.07% of the company’s stock.

PepsiCo News Roundup

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

Wall Street Analysts Forecast Growth

Several equities analysts have issued reports on the stock. Piper Sandler lowered their target price on shares of PepsiCo from $181.00 to $178.00 and set an “overweight” rating on the stock in a research note on Friday. Evercore upped their price target on shares of PepsiCo from $165.00 to $170.00 in a research report on Friday, April 17th. Wall Street Zen lowered shares of PepsiCo from a “buy” rating to a “hold” rating in a research report on Saturday, April 18th. Argus raised shares of PepsiCo to a “hold” rating in a research report on Tuesday, February 17th. Finally, Sanford C. Bernstein assumed coverage on shares of PepsiCo in a research report on Thursday. They set a “market perform” rating and a $143.00 price target for the company. Eight equities research analysts have rated the stock with a Buy rating, eleven have given a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $167.35.

PepsiCo Price Performance

NASDAQ PEP opened at $144.27 on Friday. PepsiCo, Inc. has a 52 week low of $127.60 and a 52 week high of $171.48. The firm has a market capitalization of $197.18 billion, a P/E ratio of 22.65, a PEG ratio of 2.61 and a beta of 0.35. 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 $151.11 and a 200-day moving average price of $152.37.

PepsiCo (NASDAQ:PEP) last released its quarterly earnings results on Wednesday, April 15th. The company reported $1.61 EPS for the quarter, beating the consensus estimate of $1.55 by $0.06. PepsiCo had a net margin of 9.15% and a return on equity of 56.61%. The firm had revenue of $19.44 billion during the quarter, compared to analyst estimates of $18.89 billion. During the same quarter in the prior year, the firm earned $1.48 EPS. The business’s revenue for the quarter was up 8.5% compared to the same quarter last year. Equities research analysts anticipate that PepsiCo, Inc. will post 8.63 earnings per share for the current year.

PepsiCo Increases Dividend

The company also recently announced 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. The ex-dividend date of this dividend is Friday, June 5th. This represents a $5.92 annualized dividend and a yield of 4.1%. This is a positive change from PepsiCo’s previous quarterly dividend of $1.42. PepsiCo’s payout ratio is currently 92.94%.

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.