71 West Capital Partners Purchases New Shares in PepsiCo, Inc. $PEP

71 West Capital Partners purchased a new stake in shares of PepsiCo, Inc. (NASDAQ:PEP) during the fourth quarter, HoldingsChannel reports. The fund purchased 5,643 shares of the company’s stock, valued at approximately $810,000.

Other hedge funds also recently bought and sold shares of the company. Cypress Capital Management LLC WY increased its position in PepsiCo by 8.3% during the fourth quarter. Cypress Capital Management LLC WY now owns 838 shares of the company’s stock valued at $121,000 after acquiring an additional 64 shares during the last quarter. United Bank increased its position in PepsiCo by 3.9% during the fourth quarter. United Bank now owns 1,717 shares of the company’s stock valued at $246,000 after acquiring an additional 65 shares during the last quarter. Koa Wealth Management LLC increased its position in PepsiCo by 0.9% during the fourth quarter. Koa Wealth Management LLC now owns 8,007 shares of the company’s stock valued at $1,149,000 after acquiring an additional 68 shares during the last quarter. Pettinga Financial Advisors LLC increased its position in PepsiCo by 3.8% during the fourth quarter. Pettinga Financial Advisors LLC now owns 1,880 shares of the company’s stock valued at $270,000 after acquiring an additional 68 shares during the last quarter. Finally, Tiemann Investment Advisors LLC increased its position in PepsiCo by 4.0% during the third quarter. Tiemann Investment Advisors LLC now owns 1,807 shares of the company’s stock valued at $254,000 after acquiring an additional 70 shares during the last quarter. Hedge funds and other institutional investors own 73.07% of the company’s stock.

Trending Headlines about PepsiCo

Here are the key news stories impacting PepsiCo this week:

• Positive Sentiment: Unusual options activity showed traders buying far more call options than usual, suggesting some investors are positioning for a rebound in PepsiCo shares.
• Positive Sentiment: PepsiCo continues to draw investor interest as a dividend and defensive large-cap stock, and one article highlighted the company among broader “best stocks to buy” lists.
• Neutral Sentiment: PepsiCo is expanding into newer growth areas, including its House of Treats beverage platform for entertainment and hospitality venues, and a regenerative farming partnership that could support longer-term brand and supply-chain strength.
• Neutral Sentiment: The stock advanced in the latest session but still lagged the broader market, reflecting a mixed near-term backdrop rather than a strong catalyst-driven move.
• Negative Sentiment: Piper Sandler cut its price target on PepsiCo, adding to concerns that growth is slowing and that near-term upside may be limited. PepsiCo (PEP) Price Target Lowered at Piper Sandler. Here is Why
• Negative Sentiment: TD Cowen also lowered its price target and kept a Hold rating, while cutting its second-quarter organic growth forecast below consensus, reinforcing worries about softer sales momentum. PepsiCo (PEP) Gets Mixed Wall Street Reviews as Growth Challenges Persist
• Negative Sentiment: Additional reports noted more analyst price-target reductions for PepsiCo, signaling that Wall Street expectations are moving lower ahead of the next results update. PepsiCo (PEP) Advances But Underperforms Market: Key Facts

Wall Street Analysts Forecast Growth

PEP has been the topic of a number of analyst reports. Barclays boosted their price objective on shares of PepsiCo from $154.00 to $158.00 and gave the company an “equal weight” rating in a research report on Monday, April 20th. Rothschild & Co Redburn boosted their price objective on shares of PepsiCo from $130.00 to $132.00 in a research report on Monday, May 11th. The Goldman Sachs Group boosted their price objective on shares of PepsiCo from $180.00 to $183.00 and gave the company a “buy” rating in a research report on Friday, April 17th. Royal Bank Of Canada cut their price objective on shares of 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, Sanford C. Bernstein began coverage on shares of PepsiCo in a research report on Thursday. They set a “market perform” rating and a $143.00 price objective on the stock. Eight equities research analysts have rated the stock with a Buy rating, eleven have given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, PepsiCo has an average rating of “Hold” and a consensus price target of $167.35.

PepsiCo Trading Up 1.4%

NASDAQ PEP opened at $146.25 on Tuesday. The company’s 50-day moving average price is $150.90 and its 200-day moving average price is $152.42. The company has a current ratio of 0.90, a quick ratio of 0.72 and a debt-to-equity ratio of 1.98. The stock has a market cap of $199.89 billion, a PE ratio of 22.96, a PEG ratio of 2.61 and a beta of 0.35. PepsiCo, Inc. has a 12 month low of $127.60 and a 12 month high of $171.48.

PepsiCo (NASDAQ:PEP) last posted its quarterly earnings results on Wednesday, April 15th. The company reported $1.61 EPS for the quarter, topping analysts’ consensus estimates of $1.55 by $0.06. The firm had revenue of $19.44 billion for 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%. The business’s revenue for the quarter was up 8.5% on a year-over-year basis. During the same period in the prior year, the business posted $1.48 earnings per share. Equities research analysts forecast that PepsiCo, Inc. will post 8.63 earnings per share for the current year.

PepsiCo Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, June 30th. Stockholders of record on Friday, June 5th will be issued a $1.48 dividend. The ex-dividend date is Friday, June 5th. This is a boost from PepsiCo’s previous quarterly dividend of $1.42. This represents a $5.92 dividend on an annualized basis and a dividend yield of 4.0%. PepsiCo’s dividend payout ratio (DPR) 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.