276,544 Shares in PepsiCo, Inc. $PEP Bought by Cambiar Investors LLC

Key Points

• Cambiar Investors LLC opened a new position of 276,544 shares of PepsiCo in Q4 (≈$39.69 million), making PEP about 1.8% of its portfolio and its 23rd largest holding; overall institutional ownership of the stock is ~73.07%.
• PepsiCo beat Q4 estimates with $2.26 EPS vs. $2.24 expected and revenue of $29.34 billion, while analysts’ consensus rating is a Hold with an average target of $168.47.
• The company paid a quarterly dividend of $1.4225 (annualized $5.69, yield ~3.6%, DPR ~94.8%) and its board authorized a $10.0 billion share buyback (up to ~4.7% of outstanding shares).

Cambiar Investors LLC bought a new position in PepsiCo, Inc. (NASDAQ:PEP - Free Report) during the fourth quarter, according to its most recent disclosure with the SEC. The firm bought 276,544 shares of the company's stock, valued at approximately $39,690,000. PepsiCo accounts for about 1.8% of Cambiar Investors LLC's investment portfolio, making the stock its 23rd biggest holding.

A number of other institutional investors also recently bought and sold shares of PEP. Brighton Jones LLC raised its holdings in PepsiCo by 12.4% in the 4th quarter. Brighton Jones LLC now owns 59,392 shares of the company's stock worth $9,031,000 after purchasing an additional 6,574 shares during the period. Caxton Associates LLP bought a new stake in PepsiCo during the first quarter valued at about $251,000. Sivia Capital Partners LLC raised its holdings in PepsiCo by 138.5% during the second quarter. Sivia Capital Partners LLC now owns 6,527 shares of the company's stock valued at $862,000 after acquiring an additional 3,790 shares during the period. Schnieders Capital Management LLC. raised its holdings in PepsiCo by 10.1% during the second quarter. Schnieders Capital Management LLC. now owns 38,164 shares of the company's stock valued at $5,039,000 after acquiring an additional 3,502 shares during the period. Finally, Sei Investments Co. raised its holdings in PepsiCo by 45.5% during the second quarter. Sei Investments Co. now owns 536,133 shares of the company's stock valued at $70,789,000 after acquiring an additional 167,707 shares during the period. 73.07% of the stock is owned by institutional investors.

PepsiCo Trading Down 0.3%

Shares of PepsiCo stock opened at $157.06 on Friday. The firm has a market cap of $214.69 billion, a price-to-earnings ratio of 26.18, a PEG ratio of 3.03 and a beta of 0.40. The business has a 50-day moving average price of $160.58 and a 200-day moving average price of $151.10. The company has a quick ratio of 0.67, a current ratio of 0.85 and a debt-to-equity ratio of 2.06. PepsiCo, Inc. has a twelve month low of $127.60 and a twelve month high of $171.48.

PepsiCo (NASDAQ:PEP - Get Free Report) last issued its quarterly earnings data on Monday, February 2nd. The company reported $2.26 earnings per share for the quarter, beating analysts' consensus estimates of $2.24 by $0.02. The firm had revenue of $29.34 billion during the quarter, compared to analyst estimates of $28.96 billion. PepsiCo had a return on equity of 57.92% and a net margin of 8.77%.The business's quarterly revenue was up 5.6% compared to the same quarter last year. During the same quarter last year, the business posted $1.96 earnings per share. Equities research analysts anticipate that PepsiCo, Inc. will post 8.3 EPS for the current fiscal year.

PepsiCo Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, March 31st. Investors of record on Friday, March 6th were given a $1.4225 dividend. The ex-dividend date was Friday, March 6th. This represents a $5.69 annualized dividend and a yield of 3.6%. PepsiCo's dividend payout ratio (DPR) is currently 94.83%.

PepsiCo announced that its Board of Directors has initiated a stock buyback program on Tuesday, February 3rd that permits the company to repurchase $10.00 billion in shares. This repurchase authorization permits the company to reacquire up to 4.7% of its shares through open market purchases. Shares repurchase programs are typically an indication that the company's board of directors believes its shares are undervalued.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on the company. Royal Bank Of Canada decreased their price target on PepsiCo from $165.00 to $163.00 and set a "sector perform" rating on the stock in a report on Thursday. Wells Fargo & Company raised their price target on PepsiCo from $154.00 to $165.00 and gave the company an "equal weight" rating in a report on Wednesday, February 4th. Deutsche Bank Aktiengesellschaft decreased their price target on PepsiCo from $176.00 to $169.00 and set a "buy" rating on the stock in a report on Monday, March 30th. Barclays raised their price target on PepsiCo from $148.00 to $160.00 and gave the company an "equal weight" rating in a report on Wednesday, February 4th. Finally, Weiss Ratings reissued a "hold (c)" rating on shares of PepsiCo in a report on Wednesday. Eight research analysts have rated the stock with a Buy rating, eleven have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus target price of $168.47.

More PepsiCo News

Here are the key news stories impacting PepsiCo this week:

• Positive Sentiment: Analyst coverage highlighting likely earnings growth and a potential beat supports expectations for revenue/earnings resilience ahead of the print. PepsiCo (PEP) Earnings Expected to Grow: Should You Buy?
• Positive Sentiment: Marketing and product activity (new campaign for Cheetos with high‑profile partners) can help brand momentum and volume recovery in snacks/beverages. Campaign Trail: Cheetos soundtracks a heist with Megan Thee Stallion, Nickelback
• Positive Sentiment: New product rollout (Dirty Mountain Dew national push) and related beverage innovations may offset some snack weakness if consumer uptake is strong. PepsiCo Balances Dirty Mountain Dew Launch With Snack Pricing And ESG Risks
• Neutral Sentiment: UBS and other brokers expect Q1 results to be largely in‑line, noting modest organic revenue progress but continued focus on North America trends; that tempers both upside and downside near term. PepsiCo expected to report in-line Q1 results amid North America recovery
• Neutral Sentiment: Short‑interest report shows no meaningful short position (data anomaly/zeroes), so short covering is unlikely to be a driver. (No actionable signal.)
• Negative Sentiment: RBC trimmed its price target from $165 to $163 and kept a "sector perform" rating — a modestly bearish signal that may weigh on sentiment relative to peers. RBC trims price target on PepsiCo to $163 from $165, keeps sector perform rating
• Negative Sentiment: Multiple reports that prior snack price hikes led to lost sales and shelf‑space losses have forced PepsiCo to cut snack prices, which could boost volumes but hurt near‑term margins and investor sentiment. PepsiCo Balances Dirty Mountain Dew Launch With Snack Pricing And ESG Risks
• Negative Sentiment: Some outlets and an analyst note flagged a pessimistic medium‑term view on PEP’s share performance, adding to near‑term caution ahead of results. UBS Group Issues Pessimistic Forecast for PepsiCo NASDAQ: PEP Stock Price

About PepsiCo

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.