PepsiCo, Inc. $PEP Shares Bought by Palisade Asset Management LLC

Palisade Asset Management LLC raised its holdings in PepsiCo, Inc. (NASDAQ:PEP) by 4.6% during the fourth quarter, Holdings Channel reports. The institutional investor owned 114,493 shares of the company’s stock after buying an additional 5,002 shares during the period. PepsiCo makes up about 1.6% of Palisade Asset Management LLC’s holdings, making the stock its 15th largest position. Palisade Asset Management LLC’s holdings in PepsiCo were worth $16,432,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the business. Cypress Capital Management LLC WY raised its stake in PepsiCo by 8.3% in the fourth quarter. Cypress Capital Management LLC WY now owns 838 shares of the company’s stock valued at $121,000 after buying an additional 64 shares in the last quarter. United Bank raised its stake in PepsiCo by 3.9% in the fourth quarter. United Bank now owns 1,717 shares of the company’s stock valued at $246,000 after buying an additional 65 shares in the last quarter. Koa Wealth Management LLC raised its stake in PepsiCo by 0.9% in the fourth quarter. Koa Wealth Management LLC now owns 8,007 shares of the company’s stock valued at $1,149,000 after buying an additional 68 shares in the last quarter. Pettinga Financial Advisors LLC raised its stake in PepsiCo by 3.8% in the fourth quarter. Pettinga Financial Advisors LLC now owns 1,880 shares of the company’s stock valued at $270,000 after buying an additional 68 shares in the last quarter. Finally, Tiemann Investment Advisors LLC raised its stake in PepsiCo by 4.0% in the third quarter. Tiemann Investment Advisors LLC now owns 1,807 shares of the company’s stock valued at $254,000 after buying an additional 70 shares in the last quarter. 73.07% of the stock is currently owned by institutional investors and hedge funds.

PepsiCo News Summary

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

PepsiCo Stock Performance

Shares of PEP stock opened at $144.27 on Monday. The stock’s 50-day moving average is $151.11 and its two-hundred day moving average is $152.41. The firm has a market cap of $197.18 billion, a price-to-earnings ratio of 22.65, a PEG ratio of 2.61 and a beta of 0.35. PepsiCo, Inc. has a 1 year low of $127.60 and a 1 year high of $171.48. 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 (NASDAQ:PEP) last released its quarterly earnings results on Wednesday, April 15th. The company reported $1.61 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.55 by $0.06. The firm had revenue of $19.44 billion for the quarter, compared to analyst estimates of $18.89 billion. PepsiCo had a return on equity of 56.61% and a net margin of 9.15%.The business’s revenue was up 8.5% on a year-over-year basis. During the same quarter last year, the company posted $1.48 earnings per share. Analysts predict that PepsiCo, Inc. will post 8.63 earnings per share for the current year.

PepsiCo Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 30th. Shareholders of record on Friday, June 5th will be given a dividend of $1.48 per share. This represents a $5.92 dividend on an annualized basis and a yield of 4.1%. The ex-dividend date of this dividend is Friday, June 5th. This is a positive change from PepsiCo’s previous quarterly dividend of $1.42. PepsiCo’s payout ratio is 92.94%.

Analysts Set New Price Targets

A number of analysts have weighed in on the company. Piper Sandler cut their price target on PepsiCo from $181.00 to $178.00 and set an “overweight” rating on the stock in a research note on Friday. JPMorgan Chase & Co. raised their price objective on PepsiCo from $172.00 to $178.00 and gave the stock an “overweight” rating in a report on Friday, April 17th. UBS Group dropped their price objective on PepsiCo from $190.00 to $186.00 and set a “buy” rating on the stock in a report on Tuesday, April 7th. TD Cowen dropped their price objective on PepsiCo from $165.00 to $150.00 and set a “hold” rating on the stock in a report on Friday. Finally, Evercore raised their price objective on PepsiCo from $165.00 to $170.00 in a report on Friday, April 17th. Eight investment analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $167.35.

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.