Siemens Fonds Invest GmbH Trims Stake in PepsiCo, Inc. $PEP

Siemens Fonds Invest GmbH reduced its position in shares of PepsiCo, Inc. (NASDAQ:PEP) by 10.8% in the fourth quarter, Holdings Channel reports. The firm owned 49,639 shares of the company’s stock after selling 6,041 shares during the period. Siemens Fonds Invest GmbH’s holdings in PepsiCo were worth $7,156,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in PEP. Cypress Capital Management LLC WY lifted its holdings in shares of PepsiCo by 8.3% during the 4th quarter. Cypress Capital Management LLC WY now owns 838 shares of the company’s stock worth $121,000 after acquiring an additional 64 shares during the last quarter. United Bank lifted its holdings in shares of PepsiCo by 3.9% during the 4th quarter. United Bank now owns 1,717 shares of the company’s stock worth $246,000 after acquiring an additional 65 shares during the last quarter. Koa Wealth Management LLC lifted its holdings in shares of PepsiCo by 0.9% during the 4th quarter. Koa Wealth Management LLC now owns 8,007 shares of the company’s stock worth $1,149,000 after acquiring an additional 68 shares during the last quarter. Pettinga Financial Advisors LLC lifted its holdings in shares of PepsiCo by 3.8% during the 4th quarter. Pettinga Financial Advisors LLC now owns 1,880 shares of the company’s stock worth $270,000 after acquiring an additional 68 shares during the last quarter. Finally, Tiemann Investment Advisors LLC lifted its holdings in shares of PepsiCo by 4.0% during the 3rd quarter. Tiemann Investment Advisors LLC now owns 1,807 shares of the company’s stock worth $254,000 after acquiring an additional 70 shares during the last quarter. 73.07% of the stock is currently owned by hedge funds and other institutional investors.

Key Headlines Impacting PepsiCo

Here are the key news stories impacting PepsiCo this week:

• Positive Sentiment: PepsiCo announced its 54th consecutive annual dividend increase, reinforcing its appeal as a defensive, income-generating stock at a time when Treasury yields are elevated. PepsiCo’s 3.9% Yield Is a Safe-Haven Masterclass
• Positive Sentiment: PepsiCo debuted a new limited-edition soda, which could help drive short-term consumer interest and support beverage sales. PepsiCo just debuted a new limited-edition soda that’s guaranteed to sell out
• Positive Sentiment: PepsiCo continues to highlight future growth initiatives, including experiential drinks and regenerative farming partnerships, which suggest management is still investing in new revenue streams. PepsiCo Targets Experiential Drinks And Regenerative Farming For Future Growth
• Neutral Sentiment: PepsiCo senior director Maneesha Khanna stepped down after 13 years; this looks like a personnel change rather than a material business event. PepsiCo Senior Director Maneesha Khanna steps down after 13 years
• Neutral Sentiment: PepsiCo was mentioned in articles about broader S&P 500 ideas and sustainability events, but those items do not appear to change the company’s near-term fundamentals. Sustainability LIVE Announces Final Week to Register for The Leadership Summit
• Negative Sentiment: Piper Sandler lowered its price target on PepsiCo, which can weigh on sentiment by signaling a more cautious outlook for the stock’s upside. PepsiCo (PEP) Price Target Lowered at Piper Sandler. Here is Why

Analyst Ratings Changes

PEP has been the subject of a number of research analyst reports. Weiss Ratings reaffirmed a “hold (c)” rating on shares of PepsiCo in a report on Wednesday, April 8th. BNP Paribas Exane lifted their price objective on shares of PepsiCo from $191.00 to $195.00 and gave the stock an “outperform” rating in a report on Friday, April 17th. Argus raised shares of PepsiCo to a “hold” rating in a report on Tuesday, February 17th. JPMorgan Chase & Co. lifted their price objective on shares of PepsiCo from $172.00 to $178.00 and gave the stock an “overweight” rating in a report on Friday, April 17th. Finally, Rothschild & Co Redburn boosted their price target on shares of PepsiCo from $130.00 to $132.00 in a research note on Monday, May 11th. Eight research analysts have rated the stock with a Buy rating, eleven have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $167.35.

PepsiCo Stock Performance

PepsiCo stock opened at $146.12 on Wednesday. The company has a quick ratio of 0.72, a current ratio of 0.90 and a debt-to-equity ratio of 1.98. The company has a market capitalization of $199.71 billion, a PE ratio of 22.94, a P/E/G ratio of 2.65 and a beta of 0.35. The firm has a fifty day simple moving average of $150.68 and a two-hundred day simple moving average of $152.40. PepsiCo, Inc. has a twelve month low of $127.60 and a twelve month high of $171.48.

PepsiCo (NASDAQ:PEP) last released its quarterly earnings data on Wednesday, April 15th. The company reported $1.61 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.55 by $0.06. PepsiCo had a net margin of 9.15% and a return on equity of 56.61%. The firm had revenue of $19.44 billion for the quarter, compared to analysts’ expectations of $18.89 billion. During the same quarter in the previous year, the company earned $1.48 earnings per share. The company’s revenue for the quarter was up 8.5% compared to the same quarter last year. Research analysts expect that PepsiCo, Inc. will post 8.63 EPS for the current year.

PepsiCo Increases Dividend

The company 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 $1.48 dividend. The ex-dividend date is Friday, June 5th. This is a positive change from PepsiCo’s previous quarterly dividend of $1.42. This represents a $5.92 dividend on an annualized basis and a dividend yield of 4.1%. PepsiCo’s dividend payout ratio is presently 92.94%.

PepsiCo Company 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.