PepsiCo, Inc. $PEP Shares Bought by Sierra Summit Advisors LLC

Sierra Summit Advisors LLC raised its holdings in PepsiCo, Inc. (NASDAQ:PEP) by 282.2% during the first quarter, Holdings Channel.com reports. The firm owned 9,578 shares of the company’s stock after purchasing an additional 7,072 shares during the period. Sierra Summit Advisors LLC’s holdings in PepsiCo were worth $1,487,000 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. Gunpowder Capital Management LLC dba Oliver Wealth Management purchased a new stake in PepsiCo in the 4th quarter valued at about $26,000. Swiss RE Ltd. purchased a new position in PepsiCo during the fourth quarter worth about $28,000. MH & Associates Securities Management Corp ADV purchased a new position in PepsiCo during the fourth quarter worth about $29,000. Imprint Wealth LLC acquired a new stake in shares of PepsiCo during the third quarter valued at about $31,000. Finally, Networth Advisors LLC raised its stake in shares of PepsiCo by 2,857.1% in the 1st quarter. Networth Advisors LLC now owns 207 shares of the company’s stock valued at $32,000 after acquiring an additional 200 shares during the period. 73.07% of the stock is currently owned by hedge funds and other institutional investors.

Key Stories Impacting PepsiCo

Here are the key news stories impacting PepsiCo this week:

• Positive Sentiment: UBS reportedly said defensive dividend names like PepsiCo could be poised for a comeback as investors rotate beyond tech-heavy winners. Article Title
• Positive Sentiment: PepsiCo announced progress toward its 2030 agriculture goals, reinforcing its sustainability and supply-chain strategy. Article Title
• Positive Sentiment: Several commentary pieces highlighted PepsiCo as an attractive dividend stock and noted its efforts in innovation, marketing, and operational changes, which may support long-term sentiment. Article Title
• Neutral Sentiment: Analysts at Barclays and JPMorgan both cut PepsiCo price targets, but kept their ratings unchanged, signaling softer near-term expectations rather than a major thesis change.
• Neutral Sentiment: UBS also trimmed PepsiCo’s target, saying the long-run story remains intact despite near-term headwinds. Article Title
• Neutral Sentiment: News flow ahead of Q2 earnings next week suggests investors are waiting for confirmation on growth, with some reports saying retail interest has cooled and North American top-line trends remain under pressure.
• Neutral Sentiment: PepsiCo’s agriculture-goals update, executive commentary on “making the simple special,” and leadership appointments in Europe are supportive corporate updates, but likely have limited immediate stock impact.
• Negative Sentiment: Some analysts lowered earnings forecasts for upcoming fiscal periods, reinforcing concerns that growth may stay muted in the near term.
• Negative Sentiment: Reports that PepsiCo’s North America top-line trends were still under pressure and that the stock may be losing momentum with retail investors could weigh on sentiment into earnings. Article Title

PepsiCo Price Performance

PepsiCo stock opened at $144.22 on Friday. The company has a quick ratio of 0.72, a current ratio of 0.90 and a debt-to-equity ratio of 1.98. PepsiCo, Inc. has a 52-week low of $132.96 and a 52-week high of $171.48. The firm has a market cap of $197.12 billion, a PE ratio of 22.64, a price-to-earnings-growth ratio of 2.85 and a beta of 0.36. The company’s 50 day moving average is $147.02 and its two-hundred day moving average is $151.81.

PepsiCo (NASDAQ:PEP) last posted its quarterly earnings results on Wednesday, April 15th. The company reported $1.61 EPS for the quarter, topping the consensus estimate of $1.55 by $0.06. PepsiCo had a net margin of 9.15% and a return on equity of 56.61%. The business had revenue of $19.44 billion during the quarter, compared to the consensus estimate of $18.89 billion. During the same quarter in the previous year, the firm posted $1.48 earnings per share. The company’s quarterly revenue was up 8.5% compared to the same quarter last year. On average, research analysts expect that PepsiCo, Inc. will post 8.62 EPS for the current fiscal year.

PepsiCo Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, June 30th. Investors of record on Friday, June 5th were paid a dividend of $1.48 per share. This represents a $5.92 annualized dividend and a yield of 4.1%. The ex-dividend date of this dividend was Friday, June 5th. This is a positive change from PepsiCo’s previous quarterly dividend of $1.42. PepsiCo’s payout ratio is presently 92.94%.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on the stock. Sanford C. Bernstein set a $142.00 price objective on shares of PepsiCo and gave the stock a “market perform” rating in a research report on Wednesday. Royal Bank Of Canada cut their target price on PepsiCo from $165.00 to $163.00 and set a “sector perform” rating on the stock in a research report on Thursday, April 9th. Bank of America decreased their price target on PepsiCo from $173.00 to $164.00 and set a “neutral” rating on the stock in a research note on Thursday, June 25th. UBS Group dropped their price objective on PepsiCo from $186.00 to $172.00 and set a “buy” rating for the company in a research note on Thursday. Finally, HSBC boosted their price objective on PepsiCo from $175.00 to $176.00 and gave the company a “hold” rating in a report on Friday, April 17th. Eight equities research analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $165.00.

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.