Hudson Edge Investment Partners Inc. Buys New Shares in PepsiCo, Inc. $PEP

Hudson Edge Investment Partners Inc. purchased a new stake in shares of PepsiCo, Inc. (NASDAQ:PEP) in the 1st quarter, Holdings Channel reports. The institutional investor purchased 49,608 shares of the company’s stock, valued at approximately $7,704,000. PepsiCo accounts for 1.1% of Hudson Edge Investment Partners Inc.’s investment portfolio, making the stock its 20th largest holding.

Other institutional investors have also recently made changes to their positions in the company. Gunpowder Capital Management LLC dba Oliver Wealth Management bought a new position in shares of PepsiCo during the 4th quarter valued at approximately $26,000. Swiss RE Ltd. bought a new stake in PepsiCo during the 4th quarter worth approximately $28,000. MH & Associates Securities Management Corp ADV purchased a new position in PepsiCo during the fourth quarter valued at approximately $29,000. Networth Advisors LLC lifted its holdings in PepsiCo by 2,857.1% during the first quarter. Networth Advisors LLC now owns 207 shares of the company’s stock valued at $32,000 after purchasing an additional 200 shares in the last quarter. Finally, Vermillion Wealth Management Inc. boosted its position in shares of PepsiCo by 99.1% in the first quarter. Vermillion Wealth Management Inc. now owns 217 shares of the company’s stock worth $34,000 after purchasing an additional 108 shares during the period. Institutional investors own 73.07% of the company’s stock.

More PepsiCo News

Here are the key news stories impacting PepsiCo this week:

• Positive Sentiment: UBS said defensive dividend names like PepsiCo could be ready for a comeback as investors look beyond the tech-led rally, which may help support demand for the stock. Article
• Positive Sentiment: PepsiCo continues to be viewed as a high-quality dividend stock, with recent commentary highlighting it as an attractive dividend aristocrat and a stable defensive holding. Article
• Positive Sentiment: The company also announced a management promotion in Eastern Europe, which signals continued operational execution and regional leadership continuity. Article

Analyst Upgrades and Downgrades

Several brokerages have recently commented on PEP. Rothschild & Co Redburn raised their price objective on shares of PepsiCo from $130.00 to $132.00 in a research report on Monday, May 11th. Wells Fargo & Company dropped their target price on shares of PepsiCo from $160.00 to $150.00 and set an “equal weight” rating for the company in a report on Friday, June 5th. Royal Bank Of Canada cut their price target on PepsiCo from $165.00 to $163.00 and set a “sector perform” rating for the company in a research note on Thursday, April 9th. Deutsche Bank Aktiengesellschaft lowered their price objective on PepsiCo from $173.00 to $168.00 and set a “buy” rating on the stock in a research report on Thursday, June 18th. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of PepsiCo in a research note on Wednesday, April 8th. Eight investment analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, PepsiCo presently has a consensus rating of “Hold” and an average price target of $165.00.

PepsiCo Price Performance

PEP stock opened at $144.22 on Friday. The company has a debt-to-equity ratio of 1.98, a quick ratio of 0.72 and a current ratio of 0.90. The company’s fifty day moving average price is $146.83 and its 200-day moving average price is $151.76. PepsiCo, Inc. has a one year low of $132.96 and a one year high of $171.48. The company has a market capitalization of $197.12 billion, a PE ratio of 22.64, a price-to-earnings-growth ratio of 2.91 and a beta of 0.36.

PepsiCo (NASDAQ:PEP) last posted its earnings results on Wednesday, April 15th. The company reported $1.61 earnings per share for the quarter, beating the consensus estimate of $1.55 by $0.06. The company had revenue of $19.44 billion during 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%. PepsiCo’s quarterly revenue was up 8.5% on a year-over-year basis. During the same period last year, the company posted $1.48 earnings per share. On average, equities analysts anticipate that PepsiCo, Inc. will post 8.62 EPS for the current fiscal year.

PepsiCo Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, June 30th. Stockholders of record on Friday, June 5th were given a dividend of $1.48 per share. The ex-dividend date was 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 (DPR) is 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.