K.J. Harrison & Partners Inc Invests $1.66 Million in PepsiCo, Inc. $PEP

K.J. Harrison & Partners Inc acquired a new stake in PepsiCo, Inc. (NASDAQ:PEP) during the first quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 10,661 shares of the company’s stock, valued at approximately $1,656,000.

A number of other hedge funds and other institutional investors also recently modified their holdings of the company. Auto Owners Insurance Co increased its position in PepsiCo by 14,857.8% during the fourth quarter. Auto Owners Insurance Co now owns 49,252,907 shares of the company’s stock worth $7,068,777,000 after acquiring an additional 48,923,629 shares during the period. Norges Bank bought a new stake in PepsiCo in the 4th quarter valued at about $3,018,813,000. Diamant Asset Management Inc. grew its position in shares of PepsiCo by 16,146.5% during the 1st quarter. Diamant Asset Management Inc. now owns 3,586,423 shares of the company’s stock worth $556,936,000 after purchasing an additional 3,564,348 shares in the last quarter. AQR Capital Management LLC grew its position in shares of PepsiCo by 120.7% during the 3rd quarter. AQR Capital Management LLC now owns 5,916,417 shares of the company’s stock worth $830,902,000 after purchasing an additional 3,235,726 shares in the last quarter. Finally, Amundi increased its holdings in shares of PepsiCo by 30.0% during the third quarter. Amundi now owns 8,641,588 shares of the company’s stock worth $1,207,230,000 after purchasing an additional 1,995,362 shares during the period. Institutional investors and hedge funds own 73.07% of the company’s stock.

Analyst Ratings Changes

PEP has been the subject of several recent research reports. Weiss Ratings reiterated a “hold (c)” rating on shares of PepsiCo in a research note on Wednesday, April 8th. Jefferies Financial Group set a $162.00 target price on PepsiCo in a research report on Thursday, June 25th. The Goldman Sachs Group increased their target price on PepsiCo from $180.00 to $183.00 and gave the stock a “buy” rating in a report on Friday, April 17th. HSBC boosted their price target on PepsiCo from $175.00 to $176.00 and gave the company a “hold” rating in a research note on Friday, April 17th. Finally, Sanford C. Bernstein set a $142.00 price objective on shares of PepsiCo and gave the stock a “market perform” rating in a research report on Wednesday. Eight equities research analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $165.00.

PepsiCo Stock Performance

Shares of PEP opened at $144.22 on Friday. 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 52-week low of $132.96 and a 52-week high of $171.48. The firm has a market cap of $197.12 billion, a price-to-earnings ratio of 22.64, a PEG ratio of 2.91 and a beta of 0.36. The business’s fifty day moving average is $146.83 and its 200-day moving average is $151.76.

PepsiCo (NASDAQ:PEP) last announced its quarterly earnings data on Wednesday, April 15th. The company reported $1.61 earnings per share for the quarter, topping the consensus estimate of $1.55 by $0.06. The business had revenue of $19.44 billion during 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%.PepsiCo’s revenue for the quarter was up 8.5% on a year-over-year basis. During the same period in the prior year, the company earned $1.48 EPS. Equities analysts anticipate that PepsiCo, Inc. will post 8.62 EPS for the current fiscal year.

PepsiCo Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, June 30th. Stockholders of record on Friday, June 5th were paid a $1.48 dividend. This represents a $5.92 dividend on an annualized basis and a dividend yield of 4.1%. The ex-dividend date was Friday, June 5th. This is an increase from PepsiCo’s previous quarterly dividend of $1.42. PepsiCo’s dividend payout ratio is 92.94%.

Key PepsiCo News

Here are the key news stories impacting PepsiCo this week:

• Positive Sentiment: UBS said defensive dividend names like PepsiCo could be ready for a comeback as investors look beyond the tech-led rally, which may help support demand for the stock. Article
• Positive Sentiment: PepsiCo continues to be viewed as a high-quality dividend stock, with recent commentary highlighting it as an attractive dividend aristocrat and a stable defensive holding. Article
• Positive Sentiment: The company also announced a management promotion in Eastern Europe, which signals continued operational execution and regional leadership continuity. Article

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.