PepsiCo, Inc. $PEP Shares Acquired by River Street Advisors LLC

River Street Advisors LLC increased its stake in PepsiCo, Inc. (NASDAQ:PEP) by 25.5% in the first quarter, HoldingsChannel.com reports. The firm owned 18,033 shares of the company’s stock after acquiring an additional 3,669 shares during the quarter. PepsiCo accounts for 0.9% of River Street Advisors LLC’s portfolio, making the stock its 29th largest position. River Street Advisors LLC’s holdings in PepsiCo were worth $2,800,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also recently added to or reduced their stakes in PEP. Gunpowder Capital Management LLC dba Oliver Wealth Management purchased a new position in PepsiCo in the 4th quarter valued at approximately $26,000. Swiss RE Ltd. acquired a new stake in PepsiCo in the fourth quarter valued at $28,000. MH & Associates Securities Management Corp ADV purchased a new position in shares of PepsiCo in the fourth quarter valued at $29,000. Vermillion Wealth Management Inc. raised its stake in shares of PepsiCo by 99.1% during the 1st quarter. Vermillion Wealth Management Inc. now owns 217 shares of the company’s stock worth $34,000 after buying an additional 108 shares during the last quarter. Finally, Imprint Wealth LLC purchased a new position in PepsiCo during the 3rd quarter valued at about $31,000. Hedge funds and other institutional investors own 73.07% of the company’s stock.

PepsiCo Price Performance

Shares of NASDAQ PEP opened at $141.39 on Friday. The business has a 50-day moving average of $148.40 and a 200-day moving average of $152.01. The company has a market capitalization of $193.25 billion, a price-to-earnings ratio of 22.20, a PEG ratio of 2.78 and a beta of 0.35. PepsiCo, Inc. has a 1-year low of $128.11 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.

PepsiCo (NASDAQ:PEP) last issued its quarterly earnings results on Wednesday, April 15th. The company reported $1.61 EPS for the quarter, topping 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 business had revenue of $19.44 billion for the quarter, compared to analysts’ expectations of $18.89 billion. During the same quarter last year, the company posted $1.48 earnings per share. The company’s quarterly revenue was up 8.5% compared to the same quarter last year. On average, equities analysts anticipate that PepsiCo, Inc. will post 8.62 EPS for the current fiscal year.

PepsiCo Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, June 30th. Shareholders of record on Friday, June 5th will be paid a dividend of $1.48 per share. The ex-dividend date is Friday, June 5th. This is a positive change from PepsiCo’s previous quarterly dividend of $1.42. This represents a $5.92 annualized dividend and a yield of 4.2%. PepsiCo’s payout ratio is presently 92.94%.

Key Headlines Impacting PepsiCo

Here are the key news stories impacting PepsiCo this week:

• Positive Sentiment: PepsiCo’s brand and growth efforts are getting fresh visibility, including marketing around “modern soda,” dirty-soda products, and broader consumer engagement. These trends could support beverage demand and help the company defend share in a changing soft-drink market.
• Positive Sentiment: Analyst support remains constructive overall: Citigroup kept a Buy rating even after trimming its price target to $170, implying meaningful upside from current levels. That helps reassure investors that the stock still looks attractively valued despite recent weakness.
• Positive Sentiment: PepsiCo continues to stand out as a diversified dividend stock, with coverage highlighting its 54-year streak of dividend growth. For income-oriented investors, that long track record can provide support ahead of earnings. Article Title

Wall Street Analysts Forecast Growth

PEP has been the topic of a number of analyst reports. UBS Group decreased their price objective on PepsiCo from $190.00 to $186.00 and set a “buy” rating on the stock in a research note on Tuesday, April 7th. Citigroup reduced their target price on shares of PepsiCo from $182.00 to $170.00 and set a “buy” rating on the stock in a report on Thursday. The Goldman Sachs Group lifted their price target on shares of PepsiCo from $180.00 to $183.00 and gave the stock a “buy” rating in a report on Friday, April 17th. Jefferies Financial Group set a $162.00 target price on shares of PepsiCo in a research report on Thursday. Finally, BNP Paribas Exane lifted their target price on shares of PepsiCo from $191.00 to $195.00 and gave the stock an “outperform” rating in a research note on Friday, April 17th. Eight research analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $166.85.

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.