Evelyn Partners Investment Management LLP Has $5.59 Million Stake in PepsiCo, Inc. $PEP

Evelyn Partners Investment Management LLP reduced its stake in PepsiCo, Inc. (NASDAQ:PEP) by 16.1% during the first quarter, HoldingsChannel reports. The firm owned 36,016 shares of the company’s stock after selling 6,926 shares during the quarter. Evelyn Partners Investment Management LLP’s holdings in PepsiCo were worth $5,593,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Evergreen Advisors LLC bought a new position in PepsiCo in the 1st quarter valued at approximately $25,000. Gunpowder Capital Management LLC dba Oliver Wealth Management bought a new stake in shares of PepsiCo during the fourth quarter worth $26,000. Swiss RE Ltd. acquired a new position in shares of PepsiCo during the fourth quarter worth $28,000. MH & Associates Securities Management Corp ADV bought a new position in shares of PepsiCo in the 4th quarter valued at $29,000. Finally, Imprint Wealth LLC bought a new position in shares of PepsiCo in the 3rd quarter valued at $31,000. 73.07% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on the company. JPMorgan Chase & Co. reduced their price objective on PepsiCo from $178.00 to $170.00 and set an “overweight” rating on the stock in a research report on Wednesday, July 1st. The Goldman Sachs Group increased their price objective on shares of PepsiCo from $180.00 to $183.00 and gave the stock a “buy” rating in a research report on Friday, April 17th. Weiss Ratings restated a “hold (c)” rating on shares of PepsiCo in a report on Monday, July 6th. Royal Bank Of Canada decreased their price target on PepsiCo from $163.00 to $161.00 and set a “sector perform” rating for the company in a report on Friday, July 10th. Finally, Barclays lifted their price objective on PepsiCo from $138.00 to $142.00 and gave the stock an “equal weight” rating in a research report on Tuesday, July 21st. Seven analysts have rated the stock with a Buy rating, twelve have assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $157.90.

PepsiCo Stock Performance

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

PepsiCo (NASDAQ:PEP) last issued 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. PepsiCo had a net margin of 10.78% and a return on equity of 54.63%. The business had revenue of $24.18 billion for the quarter, compared to analyst estimates of $23.95 billion. During the same period in the prior year, the firm earned $0.92 earnings per share. PepsiCo’s revenue was up 6.4% on a year-over-year basis. PepsiCo has set its FY 2026 guidance at 8.550-8.710 EPS. As a group, sell-side analysts anticipate that PepsiCo, Inc. will post 8.57 EPS for the current year.

PepsiCo Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, September 30th. Stockholders of record on Friday, September 4th will be paid a $1.48 dividend. The ex-dividend date is Friday, September 4th. This represents a $5.92 annualized dividend and a dividend yield of 4.2%. PepsiCo’s dividend payout ratio (DPR) is currently 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.