Chicago Partners Investment Group LLC Grows Position in PepsiCo, Inc. $PEP

Chicago Partners Investment Group LLC raised its holdings in PepsiCo, Inc. (NASDAQ:PEP) by 32.1% in the first quarter, Holdings Channel.com reports. The fund owned 29,441 shares of the company’s stock after buying an additional 7,152 shares during the quarter. Chicago Partners Investment Group LLC’s holdings in PepsiCo were worth $4,528,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Auto Owners Insurance Co lifted its stake in shares of PepsiCo by 14,857.8% in the fourth quarter. Auto Owners Insurance Co now owns 49,252,907 shares of the company’s stock valued at $7,068,777,000 after purchasing an additional 48,923,629 shares during the period. Norges Bank acquired a new position in PepsiCo during the fourth quarter worth about $3,018,813,000. Diamant Asset Management Inc. grew its position in PepsiCo by 16,146.5% during the first quarter. Diamant Asset Management Inc. now owns 3,586,423 shares of the company’s stock worth $556,936,000 after buying an additional 3,564,348 shares during the period. AQR Capital Management LLC increased its holdings in PepsiCo by 120.7% in the third quarter. AQR Capital Management LLC now owns 5,916,417 shares of the company’s stock valued at $830,902,000 after buying an additional 3,235,726 shares in the last quarter. Finally, Amundi lifted its position in shares of 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. 73.07% of the stock is owned by institutional investors and hedge funds.

PepsiCo Stock Performance

PepsiCo stock opened at $138.49 on Tuesday. The stock has a fifty day moving average price of $145.02 and a 200 day moving average price of $151.45. PepsiCo, Inc. has a 52 week low of $133.75 and a 52 week high of $171.48. The firm has a market capitalization of $189.02 billion, a P/E ratio of 18.15, a PEG ratio of 2.78 and a beta of 0.36. The company has a current ratio of 0.93, a quick ratio of 0.74 and a debt-to-equity ratio of 1.91.

PepsiCo (NASDAQ:PEP) last issued its quarterly earnings results on Thursday, July 9th. The company reported $2.20 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.19 by $0.01. The firm had revenue of $24.18 billion for the quarter, compared to analyst estimates of $23.95 billion. PepsiCo had a return on equity of 54.63% and a net margin of 10.78%.The firm’s quarterly revenue was up 6.4% on a year-over-year basis. During the same period last year, the company earned $0.92 EPS. PepsiCo has set its FY 2026 guidance at 8.550-8.710 EPS. Equities research analysts anticipate that PepsiCo, Inc. will post 8.59 earnings per share for the current year.

PepsiCo Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, June 30th. Investors of record on Friday, June 5th were given a $1.48 dividend. This is a boost from PepsiCo’s previous quarterly dividend of $1.42. This represents a $5.92 annualized dividend and a dividend yield of 4.3%. The ex-dividend date of this dividend was Friday, June 5th. PepsiCo’s dividend payout ratio is 77.59%.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on the company. Jefferies Financial Group lowered their price target on PepsiCo from $162.00 to $152.00 and set a “hold” rating on the stock in a report on Friday. Rothschild & Co Redburn lifted their price objective on PepsiCo from $130.00 to $132.00 in a report on Monday, May 11th. Sanford C. Bernstein set a $134.00 target price on PepsiCo in a research report on Friday. JPMorgan Chase & Co. lowered their target price on PepsiCo from $178.00 to $170.00 and set an “overweight” rating on the stock in a report on Wednesday, July 1st. Finally, Deutsche Bank Aktiengesellschaft set a $155.00 price target on PepsiCo in a research report on Friday. Seven research analysts have rated the stock with a Buy rating, twelve have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $157.70.

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.