Evelyn Partners Asset Management Ltd Has $206,000 Stock Holdings in PepsiCo, Inc. $PEP

Evelyn Partners Asset Management Ltd reduced its holdings in shares of PepsiCo, Inc. (NASDAQ:PEP) by 90.0% during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 1,326 shares of the company’s stock after selling 11,986 shares during the period. Evelyn Partners Asset Management Ltd’s holdings in PepsiCo were worth $206,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Cypress Capital Management LLC WY lifted its stake in PepsiCo by 8.3% during the fourth quarter. Cypress Capital Management LLC WY now owns 838 shares of the company’s stock worth $121,000 after purchasing an additional 64 shares during the period. United Bank grew its stake in shares of PepsiCo by 3.9% in the 4th quarter. United Bank now owns 1,717 shares of the company’s stock valued at $246,000 after purchasing an additional 65 shares during the period. Onyx Bridge Wealth Group LLC grew its stake in shares of PepsiCo by 2.5% in the 1st quarter. Onyx Bridge Wealth Group LLC now owns 2,673 shares of the company’s stock valued at $415,000 after purchasing an additional 66 shares during the period. Wilkerson Advisory Group LLC raised its holdings in shares of PepsiCo by 3.3% in the 1st quarter. Wilkerson Advisory Group LLC now owns 2,040 shares of the company’s stock worth $317,000 after buying an additional 66 shares in the last quarter. Finally, Richards Merrill & Peterson Inc. lifted its position in shares of PepsiCo by 3.6% during the 1st quarter. Richards Merrill & Peterson Inc. now owns 1,938 shares of the company’s stock worth $301,000 after buying an additional 67 shares during the period. Institutional investors own 73.07% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on PEP. Evercore set a $150.00 price target on PepsiCo in a research report on Thursday, July 9th. Barclays lifted their price objective on PepsiCo from $138.00 to $142.00 and gave the company an “equal weight” rating in a report on Tuesday, July 21st. JPMorgan Chase & Co. reduced their target price on shares of PepsiCo from $178.00 to $170.00 and set an “overweight” rating on the stock in a research note on Wednesday, July 1st. Citigroup lowered shares of PepsiCo from a “buy” rating to a “neutral” rating and lowered their target price for the stock from $170.00 to $145.00 in a report on Friday, July 10th. Finally, BNP Paribas Exane dropped their target price on shares of PepsiCo from $195.00 to $183.00 and set an “outperform” rating for the company in a research report on Wednesday, July 8th. Seven research analysts have rated the stock with a Buy rating, twelve have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $157.90.

PepsiCo Trading Up 2.3%

PEP stock opened at $139.79 on Tuesday. The business has a fifty day moving average price of $141.93 and a 200 day moving average price of $151.01. The company has a debt-to-equity ratio of 1.91, a current ratio of 0.93 and a quick ratio of 0.74. PepsiCo, Inc. has a fifty-two week low of $133.73 and a fifty-two week high of $171.48. The stock has a market capitalization of $190.80 billion, a price-to-earnings ratio of 18.32, a P/E/G ratio of 3.00 and a beta of 0.36.

PepsiCo (NASDAQ:PEP) last posted its quarterly earnings data on Thursday, July 9th. The company reported $2.20 EPS for the quarter, topping analysts’ consensus estimates of $2.19 by $0.01. The company had revenue of $24.18 billion for the quarter, compared to analyst estimates of $23.95 billion. PepsiCo had a return on equity of 54.63% and a net margin of 10.78%.The business’s revenue was up 6.4% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.92 earnings per share. PepsiCo has set its FY 2026 guidance at 8.550-8.710 EPS. Analysts expect that PepsiCo, Inc. will post 8.57 EPS for the current fiscal year.

PepsiCo Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, September 30th. Investors of record on Friday, September 4th will be given a dividend of $1.48 per share. The ex-dividend date is Friday, September 4th. This represents a $5.92 annualized dividend and a yield of 4.2%. PepsiCo’s dividend payout ratio is 77.59%.

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.