Calamos Advisors LLC Purchases 70,041 Shares of PepsiCo, Inc. $PEP

Calamos Advisors LLC boosted its position in PepsiCo, Inc. (NASDAQ:PEP) by 36.8% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 260,235 shares of the company’s stock after buying an additional 70,041 shares during the period. Calamos Advisors LLC’s holdings in PepsiCo were worth $40,412,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of PEP. Auto Owners Insurance Co boosted its stake in PepsiCo by 14,857.8% during the fourth quarter. Auto Owners Insurance Co now owns 49,252,907 shares of the company’s stock worth $7,068,777,000 after acquiring an additional 48,923,629 shares in the last quarter. Norges Bank acquired a new position in PepsiCo during the 4th quarter valued at about $3,018,813,000. Diamant Asset Management Inc. grew its holdings in PepsiCo by 16,146.5% during the first quarter. Diamant Asset Management Inc. now owns 3,586,423 shares of the company’s stock worth $556,936,000 after buying an additional 3,564,348 shares in the last quarter. AQR Capital Management LLC raised its holdings in shares of PepsiCo by 120.7% in the third quarter. AQR Capital Management LLC now owns 5,916,417 shares of the company’s stock valued at $830,902,000 after purchasing an additional 3,235,726 shares during the last quarter. Finally, Amundi increased its stake in PepsiCo by 30.0% in the 3rd quarter. Amundi now owns 8,641,588 shares of the company’s stock valued at $1,207,230,000 after buying an additional 1,995,362 shares during the last quarter. 73.07% of the stock is currently owned by institutional investors.

PepsiCo Stock Up 0.8%

Shares of NASDAQ PEP opened at $138.49 on Tuesday. 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, Inc. has a 12 month low of $133.75 and a 12 month high of $171.48. The firm has a fifty day simple moving average of $145.02 and a two-hundred day simple moving average of $151.45. The firm has a market capitalization of $189.02 billion, a PE ratio of 18.15, a price-to-earnings-growth ratio of 2.78 and a beta of 0.36.

PepsiCo (NASDAQ:PEP) last announced its 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 for 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 quarterly revenue was up 6.4% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.92 EPS. PepsiCo has set its FY 2026 guidance at 8.550-8.710 EPS. Equities analysts expect that PepsiCo, Inc. will post 8.59 earnings per share for the current year.

PepsiCo Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, June 30th. Investors of record on Friday, June 5th were given a dividend of $1.48 per share. This represents a $5.92 annualized dividend and a dividend yield of 4.3%. This is a boost from PepsiCo’s previous quarterly dividend of $1.42. The ex-dividend date of this dividend was Friday, June 5th. PepsiCo’s payout ratio is 77.59%.

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on the company. Wells Fargo & Company lowered their target price on PepsiCo from $150.00 to $140.00 and set an “equal weight” rating on the stock in a research note on Friday. Royal Bank Of Canada cut their price target on PepsiCo from $163.00 to $161.00 and set a “sector perform” rating for the company in a report on Friday. Sanford C. Bernstein set a $134.00 price objective on shares of PepsiCo in a research note on Friday. Jefferies Financial Group decreased their target price on PepsiCo from $162.00 to $152.00 and set a “hold” rating on the stock in a research note on Friday. Finally, Bank of America decreased their price target on shares of PepsiCo from $173.00 to $164.00 and set a “neutral” rating on the stock in a report on Thursday, June 25th. Seven equities research analysts have rated the stock with a Buy rating, twelve have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, PepsiCo currently has a consensus rating of “Hold” and an average price target of $157.70.

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.