PepsiCo, Inc. $PEP Shares Acquired by Matrix Asset Advisors Inc. NY

Matrix Asset Advisors Inc. NY raised its stake in PepsiCo, Inc. (NASDAQ:PEP) by 17.9% in the 1st quarter, according to its most recent filing with the SEC. The fund owned 241,281 shares of the company’s stock after purchasing an additional 36,613 shares during the period. PepsiCo accounts for approximately 3.4% of Matrix Asset Advisors Inc. NY’s holdings, making the stock its 8th biggest holding. Matrix Asset Advisors Inc. NY’s holdings in PepsiCo were worth $37,469,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Auto Owners Insurance Co increased its holdings in PepsiCo by 14,857.8% in the fourth quarter. Auto Owners Insurance Co now owns 49,252,907 shares of the company’s stock valued at $7,068,777,000 after buying an additional 48,923,629 shares during the last quarter. Norges Bank bought a new stake in shares of PepsiCo in the 4th quarter valued at approximately $3,018,813,000. Diamant Asset Management Inc. raised 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 valued at $556,936,000 after acquiring an additional 3,564,348 shares in the last quarter. AQR Capital Management LLC raised 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 valued at $830,902,000 after acquiring an additional 3,235,726 shares in the last quarter. Finally, Amundi boosted its holdings in PepsiCo by 30.0% in 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 own 73.07% of the company’s stock.

PepsiCo Stock Performance

Shares of PEP stock opened at $141.39 on Monday. PepsiCo, Inc. has a 12-month low of $128.11 and a 12-month 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. The firm has a market capitalization of $193.25 billion, a price-to-earnings ratio of 22.20, a price-to-earnings-growth ratio of 2.85 and a beta of 0.35. The business has a 50 day simple moving average of $148.40 and a 200 day simple moving average of $152.06.

PepsiCo (NASDAQ:PEP) last issued its quarterly earnings data on Wednesday, April 15th. The company reported $1.61 earnings per share for the quarter, beating analysts’ consensus estimates of $1.55 by $0.06. The business had revenue of $19.44 billion for the quarter, compared to analysts’ expectations of $18.89 billion. PepsiCo had a net margin of 9.15% and a return on equity of 56.61%. The company’s revenue was up 8.5% on a year-over-year basis. During the same period in the previous year, the business earned $1.48 earnings per share. On average, equities research analysts anticipate that PepsiCo, Inc. will post 8.62 EPS for the current year.

PepsiCo Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 30th. Stockholders of record on Friday, June 5th will be issued a $1.48 dividend. This represents a $5.92 annualized dividend and a dividend yield of 4.2%. This is a boost from PepsiCo’s previous quarterly dividend of $1.42. The ex-dividend date is Friday, June 5th. PepsiCo’s payout ratio is 92.94%.

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on PEP shares. BNP Paribas Exane raised their price target on shares of PepsiCo from $191.00 to $195.00 and gave the stock an “outperform” rating in a research report on Friday, April 17th. Wells Fargo & Company lowered their price objective on shares of PepsiCo from $160.00 to $150.00 and set an “equal weight” rating for the company in a research report on Friday, June 5th. Wall Street Zen cut shares of PepsiCo from a “buy” rating to a “hold” rating in a report on Saturday, April 18th. Rothschild & Co Redburn upped their target price on PepsiCo from $130.00 to $132.00 in a report on Monday, May 11th. Finally, Evercore increased their price target on PepsiCo from $165.00 to $170.00 in a research report on Friday, April 17th. Eight research analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, PepsiCo presently has a consensus rating of “Hold” and an average target price of $166.85.

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

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.