4,640 Shares in PepsiCo, Inc. $PEP Bought by Signet Private Wealth LLC

Signet Private Wealth LLC purchased a new stake in shares of PepsiCo, Inc. (NASDAQ:PEP) during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 4,640 shares of the company’s stock, valued at approximately $666,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. MH & Associates Securities Management Corp ADV purchased a new position in shares of PepsiCo during the 4th quarter valued at about $29,000. Imprint Wealth LLC purchased a new stake in PepsiCo in the third quarter worth approximately $31,000. Mowery & Schoenfeld Wealth Management LLC bought a new position in PepsiCo during the fourth quarter valued at approximately $33,000. Evolution Wealth Management Inc. raised its stake in shares of PepsiCo by 47.8% during the fourth quarter. Evolution Wealth Management Inc. now owns 232 shares of the company’s stock worth $33,000 after acquiring an additional 75 shares in the last quarter. Finally, Strategic Advocates LLC bought a new stake in shares of PepsiCo in the 3rd quarter worth approximately $33,000. 73.07% of the stock is currently owned by hedge funds and other institutional investors.

PepsiCo Trading Up 1.1%

NASDAQ PEP opened at $144.32 on Thursday. The stock has a market cap of $197.25 billion, a P/E ratio of 22.66, a price-to-earnings-growth ratio of 2.59 and a beta of 0.35. PepsiCo, Inc. has a fifty-two week low of $127.60 and a fifty-two week high of $171.48. The stock has a 50 day simple moving average of $151.55 and a two-hundred day simple moving average of $152.44. 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 posted its earnings results on Wednesday, April 15th. The company reported $1.61 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.55 by $0.06. The firm had revenue of $19.44 billion for the quarter, compared to analysts’ expectations 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% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.48 earnings per share. On average, analysts forecast 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 issued a $1.48 dividend. This is a boost from PepsiCo’s previous quarterly dividend of $1.42. The ex-dividend date is Friday, June 5th. This represents a $5.92 annualized dividend and a yield of 4.1%. PepsiCo’s dividend payout ratio (DPR) is currently 92.94%.

PepsiCo News Roundup

Here are the key news stories impacting PepsiCo this week:

• Positive Sentiment: PepsiCo expanded its autonomous logistics push by deploying driverless trucks to deliver chips and drinks across Texas, Arizona, and Arkansas, signaling potential cost savings and supply-chain efficiency gains. PepsiCo and Gatik launch commercial driverless trucking deployment
• Positive Sentiment: Reports that PepsiCo’s driverless Doritos fleet is already operating at scale and outpacing Tesla’s robotaxi rollout may be viewed as a win for PepsiCo’s innovation image and operational execution. PepsiCo’s driverless Doritos fleet outpaces Tesla’s robotaxis in North Texas
• Positive Sentiment: PepsiCo and Gatik said they launched the largest commercial driverless trucking deployment to date, which could boost investor confidence in PepsiCo’s logistics modernization and long-term margins. PepsiCo and Gatik launch commercial driverless trucking deployment
• Positive Sentiment: PepsiCo launched “House of Treats,” a new experiential beverage platform aimed at premium away-from-home channels, suggesting new growth opportunities beyond core soda and snacks. PEPSI® GLOBAL LAUNCHES PEPSI ‘HOUSE OF TREATS’ A NEW AWAY FROM HOME EXPERIENTIAL BEVERAGE PLATFORM
• Positive Sentiment: Several research-style articles argued PepsiCo remains a strong long-term growth or rebound candidate, which can reinforce bullish sentiment around the stock. Why PepsiCo (PEP) is a Top Growth Stock for the Long-Term
• Neutral Sentiment: Analysts’ average recommendation remains “Hold,” indicating Wall Street is constructive but not aggressively bullish on the name right now. PepsiCo, Inc. (NASDAQ:PEP) Given Average Recommendation of “Hold” by Analysts
• Neutral Sentiment: PepsiCo’s recent stock pullback has prompted valuation-focused commentary, suggesting some investors are weighing whether the shares have become cheaper after the decline. Is It Time To Reconsider PepsiCo (PEP) After The Recent 9% Share Price Pullback

Analyst Upgrades and Downgrades

Several equities analysts recently commented on PEP shares. Evercore increased their target price on shares of PepsiCo from $165.00 to $170.00 in a report on Friday, April 17th. BNP Paribas Exane upped their price target on shares of PepsiCo from $191.00 to $195.00 and gave the company an “outperform” rating in a research report on Friday, April 17th. HSBC raised their price objective on PepsiCo from $175.00 to $176.00 and gave the company a “hold” rating in a research note on Friday, April 17th. JPMorgan Chase & Co. boosted their target price on PepsiCo from $172.00 to $178.00 and gave the company an “overweight” rating in a research note on Friday, April 17th. Finally, Weiss Ratings restated a “hold (c)” rating on shares of PepsiCo in a report on Wednesday, April 8th. Eight analysts have rated the stock with a Buy rating, ten have issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $169.58.

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.