Madison Asset Management LLC Raises Stake in PepsiCo, Inc. $PEP

Madison Asset Management LLC increased its stake in shares of PepsiCo, Inc. (NASDAQ:PEP) by 6.4% in the first quarter, HoldingsChannel.com reports. The institutional investor owned 184,455 shares of the company’s stock after buying an additional 11,164 shares during the quarter. Madison Asset Management LLC’s holdings in PepsiCo were worth $28,644,000 as of its most recent filing with the SEC.

Several other hedge funds have also added to or reduced their stakes in PEP. Evergreen Advisors LLC purchased a new stake in shares of PepsiCo during the 1st quarter worth approximately $25,000. Gunpowder Capital Management LLC dba Oliver Wealth Management purchased a new position in PepsiCo in the fourth quarter valued at approximately $26,000. Swiss RE Ltd. bought a new position in PepsiCo during the fourth quarter valued at $28,000. MH & Associates Securities Management Corp ADV bought a new position in PepsiCo during the fourth quarter valued at $29,000. Finally, Imprint Wealth LLC purchased a new stake in PepsiCo in the third quarter worth $31,000. Institutional investors own 73.07% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on PEP shares. Bank of America dropped their price target on PepsiCo from $173.00 to $164.00 and set a “neutral” rating on the stock in a research report on Thursday, June 25th. The Goldman Sachs Group boosted their price objective on PepsiCo from $180.00 to $183.00 and gave the company a “buy” rating in a research note on Friday, April 17th. Piper Sandler set a $176.00 price objective on shares of PepsiCo in a report on Thursday, July 9th. Deutsche Bank Aktiengesellschaft set a $155.00 target price on shares of PepsiCo in a research note on Friday, July 10th. Finally, BNP Paribas Exane lowered their price target on shares of PepsiCo from $195.00 to $183.00 and set an “outperform” rating on the stock in a research report on Wednesday, July 8th. Seven research analysts have rated the stock with a Buy rating, twelve have issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, PepsiCo presently has a consensus rating of “Hold” and a consensus target price of $157.70.

PepsiCo Price Performance

PEP stock opened at $135.46 on Tuesday. The firm has a 50 day moving average of $143.25 and a 200-day moving average of $151.20. The company has a current ratio of 0.93, a quick ratio of 0.74 and a debt-to-equity ratio of 1.91. The firm has a market capitalization of $184.89 billion, a P/E ratio of 17.75, a price-to-earnings-growth ratio of 3.01 and a beta of 0.36. PepsiCo, Inc. has a 12 month low of $133.95 and a 12 month high of $171.48.

PepsiCo (NASDAQ:PEP) last posted its earnings results on Thursday, July 9th. The company reported $2.20 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.19 by $0.01. The business 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 business’s revenue for the quarter was up 6.4% compared to the same quarter last year. During the same period in the prior year, the company posted $0.92 EPS. PepsiCo has set its FY 2026 guidance at 8.550-8.710 EPS. As a group, sell-side analysts predict that PepsiCo, Inc. will post 8.58 earnings per share for the current fiscal year.

PepsiCo Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 30th. Investors of record on Friday, September 4th will be paid a dividend of $1.48 per share. The ex-dividend date of this dividend is Friday, September 4th. This represents a $5.92 annualized dividend and a yield of 4.4%. PepsiCo’s dividend payout ratio (DPR) is currently 77.59%.

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.