Evelyn Partners Investment Management Services Ltd Has $1.70 Million Stake in PepsiCo, Inc. $PEP

Evelyn Partners Investment Management Services Ltd reduced its holdings in PepsiCo, Inc. (NASDAQ:PEP) by 78.6% during the 1st quarter, HoldingsChannel reports. The institutional investor owned 10,959 shares of the company’s stock after selling 40,357 shares during the quarter. Evelyn Partners Investment Management Services Ltd’s holdings in PepsiCo were worth $1,702,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in PEP. Swiss Life Asset Management Ltd increased its position in shares of 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 buying an additional 42,335 shares in the last quarter. National Pension Service increased its holdings in shares of PepsiCo by 2.5% in the fourth quarter. National Pension Service now owns 3,143,939 shares of the company’s stock worth $451,218,000 after acquiring an additional 77,051 shares in the last quarter. Allstate Corp lifted its holdings in shares of PepsiCo by 108.1% during the 4th quarter. Allstate Corp now owns 104,723 shares of the company’s stock valued at $15,030,000 after purchasing an additional 54,405 shares in the last quarter. IFM Investors Pty Ltd grew its position in shares of PepsiCo by 4.8% in the 1st quarter. IFM Investors Pty Ltd now owns 273,135 shares of the company’s stock valued at $42,415,000 after purchasing an additional 12,472 shares during the period. Finally, Knights of Columbus Asset Advisors LLC raised its holdings in PepsiCo by 90.0% during the 4th quarter. Knights of Columbus Asset Advisors LLC now owns 94,652 shares of the company’s stock worth $13,584,000 after buying an additional 44,824 shares during the period. Institutional investors own 73.07% of the company’s stock.

PepsiCo Trading Up 2.3%

NASDAQ PEP opened at $139.79 on Tuesday. The company has a market cap of $190.80 billion, a PE ratio of 18.32, a PEG ratio of 3.00 and a beta of 0.36. PepsiCo, Inc. has a 12 month low of $133.73 and a 12 month high of $171.48. The stock has a 50 day moving average of $141.93 and a 200-day moving average of $151.01. 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 announced its quarterly earnings results on Thursday, July 9th. The company reported $2.20 EPS for the quarter, beating analysts’ consensus estimates of $2.19 by $0.01. The firm had revenue of $24.18 billion during the quarter, compared to analysts’ expectations of $23.95 billion. PepsiCo had a net margin of 10.78% and a return on equity of 54.63%. The company’s revenue for the quarter was up 6.4% compared to the same quarter last year. During the same quarter last year, the company posted $0.92 earnings per share. PepsiCo has set its FY 2026 guidance at 8.550-8.710 EPS. On average, equities research analysts anticipate that PepsiCo, Inc. will post 8.57 EPS for the current fiscal year.

PepsiCo Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 30th. Stockholders of record on Friday, September 4th will be given a $1.48 dividend. This represents a $5.92 dividend on an annualized basis and a dividend yield of 4.2%. The ex-dividend date of this dividend is Friday, September 4th. PepsiCo’s dividend payout ratio (DPR) is presently 77.59%.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on PEP. Weiss Ratings reissued a “hold (c)” rating on shares of PepsiCo in a research report on Monday, July 6th. Bank of America dropped their price target on PepsiCo from $173.00 to $164.00 and set a “neutral” rating on the stock in a research note on Thursday, June 25th. Jefferies Financial Group decreased their price objective on PepsiCo from $162.00 to $152.00 and set a “hold” rating for the company in a report on Friday, July 10th. HSBC boosted their target price on PepsiCo from $175.00 to $176.00 and gave the company a “hold” rating in a research note on Friday, April 17th. Finally, Evercore set a $150.00 price objective on shares of PepsiCo in a research report on Thursday, July 9th. Seven research analysts have rated the stock with a Buy rating, twelve have issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $157.90.

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.