PepsiCo, Inc. $PEP Holdings Cut by GFS Advisors LLC

GFS Advisors LLC lessened its holdings in shares of PepsiCo, Inc. (NASDAQ:PEP) by 10.9% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 68,630 shares of the company’s stock after selling 8,395 shares during the quarter. PepsiCo makes up approximately 1.1% of GFS Advisors LLC’s portfolio, making the stock its 27th largest holding. GFS Advisors LLC’s holdings in PepsiCo were worth $9,850,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Cypress Capital Management LLC WY grew its holdings 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 purchasing an additional 64 shares during the last quarter. United Bank grew its holdings 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 purchasing an additional 65 shares during the last quarter. Koa Wealth Management LLC grew its holdings 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 purchasing an additional 68 shares during the last quarter. Tiemann Investment Advisors LLC grew its holdings 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 purchasing an additional 70 shares during the last quarter. Finally, Leisure Capital Management grew its holdings in PepsiCo by 0.6% during the third quarter. Leisure Capital Management now owns 11,578 shares of the company’s stock valued at $1,626,000 after purchasing an additional 71 shares during the last quarter. Institutional investors own 73.07% of the company’s stock.

Key PepsiCo News

Here are the key news stories impacting PepsiCo this week:

• Positive Sentiment: PepsiCo and Gatik launched a commercial driverless trucking deployment across Texas, Arizona, and Arkansas, signaling potential supply-chain and cost-efficiency benefits. PepsiCo and Gatik launch commercial driverless trucking deployment
• Positive Sentiment: Coverage of PepsiCo’s 41 fully driverless delivery trucks highlighted the company’s progress in autonomous logistics and helped boost investor sentiment. Driverless Trucks Are Here—and They’re Delivering Bags of Doritos
• Neutral Sentiment: Some market commentary suggested PepsiCo may be worth reconsidering after its recent pullback, reflecting a valuation debate rather than a clear new catalyst. Is It Time To Reconsider PepsiCo (PEP) After The Recent 9% Share Price Pullback

PepsiCo Trading Up 1.5%

Shares of PepsiCo stock opened at $142.78 on Wednesday. The company’s fifty day simple moving average is $151.80 and its 200-day simple moving average is $152.45. The company has a market cap of $195.15 billion, a price-to-earnings ratio of 22.41, a PEG ratio of 2.55 and a beta of 0.35. The company has a current ratio of 0.90, a quick ratio of 0.72 and a debt-to-equity ratio of 1.98. PepsiCo, Inc. has a 1 year low of $127.60 and a 1 year high of $171.48.

PepsiCo (NASDAQ:PEP) last announced its quarterly earnings data on Wednesday, April 15th. The company reported $1.61 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.55 by $0.06. PepsiCo had a net margin of 9.15% and a return on equity of 56.61%. The business had revenue of $19.44 billion for the quarter, compared to the consensus estimate of $18.89 billion. During the same quarter last year, the company posted $1.48 earnings per share. PepsiCo’s quarterly revenue was up 8.5% on a year-over-year basis. As a group, sell-side analysts expect that PepsiCo, Inc. will post 8.63 EPS for the current year.

PepsiCo Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 30th. Shareholders 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 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 4.1%. PepsiCo’s dividend payout ratio (DPR) is 92.94%.

Analysts Set New Price Targets

Several equities analysts have commented on the company. Barclays increased their price target on PepsiCo from $154.00 to $158.00 and gave the company an “equal weight” rating in a report on Monday, April 20th. BNP Paribas Exane increased their price target on PepsiCo from $191.00 to $195.00 and gave the company an “outperform” rating in a report on Friday, April 17th. Piper Sandler increased their price target on PepsiCo from $172.00 to $181.00 and gave the company an “overweight” rating in a report on Thursday, March 12th. TD Cowen increased their price target on PepsiCo from $162.00 to $165.00 and gave the company a “hold” rating in a report on Friday, February 20th. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of PepsiCo in a report on Wednesday, April 8th. Eight investment analysts have rated the stock with a Buy rating, ten have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $169.58.

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.