PepsiCo, Inc. $PEP Shares Sold by State Street Corp

State Street Corp trimmed its stake in shares of PepsiCo, Inc. (NASDAQ:PEP) by 0.2% in the 4th quarter, HoldingsChannel reports. The firm owned 59,392,615 shares of the company’s stock after selling 107,204 shares during the quarter. State Street Corp’s holdings in PepsiCo were worth $8,607,430,000 at the end of the most recent quarter.

Several other hedge funds have also modified their holdings of PEP. Swiss RE Ltd. purchased a new stake in shares of PepsiCo during the fourth quarter valued at $28,000. MH & Associates Securities Management Corp ADV purchased a new stake in shares of PepsiCo during the fourth quarter valued at $29,000. Imprint Wealth LLC purchased a new stake in shares of PepsiCo during the third quarter valued at $31,000. Strategic Advocates LLC purchased a new stake in shares of PepsiCo during the third quarter valued at $33,000. Finally, Mowery & Schoenfeld Wealth Management LLC purchased a new stake in shares of PepsiCo during the fourth quarter valued at $33,000. 73.07% of the stock is owned by hedge funds and other institutional investors.

PepsiCo News Roundup

Here are the key news stories impacting PepsiCo this week:

• Positive Sentiment: PepsiCo continues to expand its autonomous freight network with Gatik, a move that could improve logistics efficiency and help address staffing challenges in hard-to-serve routes. How PepsiCo’s Driverless Freight Rollout With Gatik (PEP) Has Changed Its Investment Story
• Positive Sentiment: The company also highlighted sustainability-focused farmer financing through Compeer Financial, which supports PepsiCo’s supply chain and long-term agricultural sourcing strategy. Compeer Financial Collaborates with PepsiCo to Provide Strip-Till Equipment Financing
• Neutral Sentiment: PepsiCo was included in a Q1 review of beverage, alcohol, and tobacco stocks, but the article was primarily a peer comparison and did not indicate a major new catalyst. Beverages, Alcohol, and Tobacco Stocks Q1 In Review: PepsiCo (NASDAQ:PEP) Vs Peers
• Neutral Sentiment: Analyst estimate changes were modest, with Erste Group trimming FY2027 EPS slightly to $9.14 from $9.15, suggesting limited impact on the outlook.
• Negative Sentiment: TD Cowen cut its price target on PepsiCo to $150 from $165 and kept a hold rating, signaling more cautious near-term sentiment on the stock. TD Cowen adjusts PepsiCo price target to 150 from 165
• Negative Sentiment: Piper Sandler also lowered its price target on PepsiCo to $178 from $181, reinforcing the view that analysts see only limited upside from here. Piper Sandler adjusts price target on PepsiCo to 178 from 181

Analyst Upgrades and Downgrades

PEP has been the subject of several analyst reports. The Goldman Sachs Group upped their target price on PepsiCo from $180.00 to $183.00 and gave the company a “buy” rating in a report on Friday, April 17th. UBS Group dropped their price target on PepsiCo from $190.00 to $186.00 and set a “buy” rating on the stock in a research report on Tuesday, April 7th. Piper Sandler dropped their price target on PepsiCo from $181.00 to $178.00 and set an “overweight” rating on the stock in a research report on Friday. Royal Bank Of Canada dropped their price target 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. Finally, Wall Street Zen lowered PepsiCo from a “buy” rating to a “hold” rating in a research report on Saturday, April 18th. Eight research analysts have rated the stock with a Buy rating, eleven have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $167.35.

PepsiCo Stock Performance

Shares of PEP stock opened at $144.27 on Friday. The company has a debt-to-equity ratio of 1.98, a current ratio of 0.90 and a quick ratio of 0.72. PepsiCo, Inc. has a fifty-two week low of $127.60 and a fifty-two week high of $171.48. The stock’s 50-day moving average is $151.11 and its two-hundred day moving average is $152.37. The firm has a market cap of $197.18 billion, a P/E ratio of 22.65, a PEG ratio of 2.60 and a beta of 0.35.

PepsiCo (NASDAQ:PEP) last issued its earnings results on Wednesday, April 15th. The company reported $1.61 earnings per share for the quarter, topping the consensus estimate of $1.55 by $0.06. PepsiCo had a return on equity of 56.61% and a net margin of 9.15%.The company had revenue of $19.44 billion for the quarter, compared to analyst estimates of $18.89 billion. During the same period in the prior year, the firm posted $1.48 EPS. The business’s revenue was up 8.5% compared to the same quarter last year. Analysts predict that PepsiCo, Inc. will post 8.63 earnings per share for the current fiscal year.

PepsiCo Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 30th. Stockholders of record on Friday, June 5th will be issued a dividend of $1.48 per share. The ex-dividend date of this dividend is Friday, June 5th. This represents a $5.92 dividend on an annualized basis and a dividend yield of 4.1%. This is a positive change from PepsiCo’s previous quarterly dividend of $1.42. PepsiCo’s payout ratio is currently 92.94%.

PepsiCo 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.