Blair William & Co. IL Buys 32,447 Shares of PepsiCo, Inc. $PEP

Blair William & Co. IL increased its stake in shares of PepsiCo, Inc. (NASDAQ:PEP) by 6.4% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 536,086 shares of the company’s stock after purchasing an additional 32,447 shares during the quarter. Blair William & Co. IL’s holdings in PepsiCo were worth $76,939,000 at the end of the most recent quarter.

Several other large investors have also recently modified their holdings of the stock. Captrust Financial Advisors grew its position in PepsiCo by 3.6% in the 3rd quarter. Captrust Financial Advisors now owns 554,798 shares of the company’s stock valued at $77,916,000 after acquiring an additional 19,218 shares during the last quarter. Swiss Life Asset Management Ltd grew its position in PepsiCo by 11.4% in the 4th quarter. Swiss Life Asset Management Ltd now owns 415,271 shares of the company’s stock valued at $59,600,000 after acquiring an additional 42,335 shares during the last quarter. Murphy Middleton Hinkle & Parker Inc. grew its position in PepsiCo by 622.3% in the 4th quarter. Murphy Middleton Hinkle & Parker Inc. now owns 35,603 shares of the company’s stock valued at $5,110,000 after acquiring an additional 30,674 shares during the last quarter. Allstate Corp grew its position in PepsiCo by 108.1% in the 4th quarter. Allstate Corp now owns 104,723 shares of the company’s stock valued at $15,030,000 after acquiring an additional 54,405 shares during the last quarter. Finally, NEOS Investment Management LLC grew its position in PepsiCo by 65.8% in the 3rd quarter. NEOS Investment Management LLC now owns 577,111 shares of the company’s stock valued at $81,049,000 after acquiring an additional 229,121 shares during the last quarter. Institutional investors own 73.07% of the company’s stock.

Trending Headlines about PepsiCo

Here are the key news stories impacting PepsiCo this week:

• Positive Sentiment: PepsiCo announced its 54th consecutive annual dividend increase, reinforcing its appeal as a defensive, income-generating stock at a time when Treasury yields are elevated. PepsiCo’s 3.9% Yield Is a Safe-Haven Masterclass
• Positive Sentiment: PepsiCo debuted a new limited-edition soda, which could help drive short-term consumer interest and support beverage sales. PepsiCo just debuted a new limited-edition soda that’s guaranteed to sell out
• Positive Sentiment: PepsiCo continues to highlight future growth initiatives, including experiential drinks and regenerative farming partnerships, which suggest management is still investing in new revenue streams. PepsiCo Targets Experiential Drinks And Regenerative Farming For Future Growth
• Neutral Sentiment: PepsiCo senior director Maneesha Khanna stepped down after 13 years; this looks like a personnel change rather than a material business event. PepsiCo Senior Director Maneesha Khanna steps down after 13 years
• Neutral Sentiment: PepsiCo was mentioned in articles about broader S&P 500 ideas and sustainability events, but those items do not appear to change the company’s near-term fundamentals. Sustainability LIVE Announces Final Week to Register for The Leadership Summit
• Negative Sentiment: Piper Sandler lowered its price target on PepsiCo, which can weigh on sentiment by signaling a more cautious outlook for the stock’s upside. PepsiCo (PEP) Price Target Lowered at Piper Sandler. Here is Why

PepsiCo Trading Down 0.1%

PepsiCo stock opened at $146.12 on Wednesday. The stock has a 50-day moving average of $150.68 and a two-hundred day moving average of $152.40. The company has a debt-to-equity ratio of 1.98, a quick ratio of 0.72 and a current ratio of 0.90. PepsiCo, Inc. has a one year low of $127.60 and a one year high of $171.48. The stock has a market cap of $199.71 billion, a PE ratio of 22.94, a price-to-earnings-growth ratio of 2.65 and a beta of 0.35.

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

PepsiCo Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, June 30th. Shareholders of record on Friday, June 5th will be paid a $1.48 dividend. This represents a $5.92 dividend on an annualized basis and a yield of 4.1%. This is a boost from PepsiCo’s previous quarterly dividend of $1.42. The ex-dividend date is Friday, June 5th. PepsiCo’s dividend payout ratio (DPR) is 92.94%.

Wall Street Analyst Weigh In

PEP has been the topic of several research analyst reports. The Goldman Sachs Group upped their price objective on PepsiCo from $180.00 to $183.00 and gave the company a “buy” rating in a research report on Friday, April 17th. HSBC increased their price target on PepsiCo from $175.00 to $176.00 and gave the stock a “hold” rating in a research report on Friday, April 17th. Sanford C. Bernstein assumed coverage on PepsiCo in a research report on Thursday, June 11th. They set a “market perform” rating and a $143.00 price target on the stock. Royal Bank Of Canada dropped their price target on PepsiCo from $165.00 to $163.00 and set a “sector perform” rating on the stock in a research report on Thursday, April 9th. Finally, Wall Street Zen downgraded PepsiCo from a “buy” rating to a “hold” rating in a research report on Saturday, April 18th. Eight investment 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 MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $167.35.

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.