58,866 Shares in PepsiCo, Inc. $PEP Purchased by Fideuram Asset Management Ireland dac

Key Points

• Fideuram Asset Management Ireland dac bought a new position in PepsiCo, acquiring 58,866 shares valued at about $8.37 million in the fourth quarter.
• PepsiCo reported solid quarterly results, with EPS of $1.61 beating estimates and revenue of $19.44 billion topping forecasts. The company also raised its quarterly dividend by 4% to $1.48 per share.
• Analysts remain mixed but generally constructive, with several firms maintaining Buy ratings and a consensus target price around $170.11, while the stock recently traded down amid inflation and margin concerns.

Fideuram Asset Management Ireland dac acquired a new position in shares of PepsiCo, Inc. (NASDAQ:PEP - Free Report) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 58,866 shares of the company's stock, valued at approximately $8,366,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of PEP. FUKOKU MUTUAL LIFE INSURANCE Co increased its position in shares of PepsiCo by 63.2% during the fourth quarter. FUKOKU MUTUAL LIFE INSURANCE Co now owns 6,280 shares of the company's stock valued at $901,000 after acquiring an additional 2,433 shares during the last quarter. National Pension Service increased its position in shares of PepsiCo by 2.5% during the fourth quarter. National Pension Service now owns 3,143,939 shares of the company's stock valued at $451,218,000 after acquiring an additional 77,051 shares during the last quarter. Inspire Trust Co. N.A. increased its position in shares of PepsiCo by 10.0% during the fourth quarter. Inspire Trust Co. N.A. now owns 33,000 shares of the company's stock valued at $4,736,000 after acquiring an additional 3,000 shares during the last quarter. Rothschild Investment LLC increased its position in shares of PepsiCo by 4.1% during the fourth quarter. Rothschild Investment LLC now owns 19,314 shares of the company's stock valued at $2,772,000 after acquiring an additional 760 shares during the last quarter. Finally, Moors & Cabot Inc. increased its position in shares of PepsiCo by 0.6% during the fourth quarter. Moors & Cabot Inc. now owns 104,211 shares of the company's stock valued at $14,956,000 after acquiring an additional 575 shares during the last quarter. 73.07% of the stock is currently owned by institutional investors and hedge funds.

Key Stories Impacting PepsiCo

Here are the key news stories impacting PepsiCo this week:

• Positive Sentiment: PepsiCo recently boosted its quarterly dividend by 4% to $1.48 per share, a signal of confidence in cash flow and shareholder returns. The company was also highlighted as one of the best dividend-paying beverage stocks to buy now. Here is Why PepsiCo (PEP) is Among the Best Dividend-Paying Beverage Stocks to Buy Now
• Positive Sentiment: Piper Sandler reiterated a Buy rating on PepsiCo with a $181 price target, suggesting upside from current levels even as investors weigh inflation headwinds. Piper Sandler Sticks With Buy Rating on PepsiCo (PEP) Amid Inflation Concerns
• Neutral Sentiment: PepsiCo and the PepsiCo Foundation announced several sustainability and agriculture initiatives, including support for young European farmers and a low-carbon fertilizer alliance, which may help long-term brand positioning but is unlikely to move the stock immediately. Future Harvest: The European program tackling the decline in generational renewal in farming
• Neutral Sentiment: Reports about new packaging labels, AI hiring priorities, and PepsiCo’s role in APAC sports sponsorship mostly reflect ongoing operational and marketing trends rather than a direct earnings catalyst. PepsiCo new packaging to carry 'no artificial flavours or colours' label
• Negative Sentiment: Recent trading has shown PepsiCo stock slipping as the broader market rose, with investors still concerned about inflation pressures and margin risk for a consumer staples company facing higher input costs. PepsiCo (PEP) Stock Slides as Market Rises: Facts to Know Before You Trade

PepsiCo Trading Down 1.0%

NASDAQ PEP opened at $146.29 on Friday. The firm has a 50 day simple moving average of $153.31 and a 200-day simple moving average of $152.66. The company has a debt-to-equity ratio of 1.98, a quick ratio of 0.72 and a current ratio of 0.90. PepsiCo, Inc. has a one year low of $127.60 and a one year high of $171.48. The firm has a market cap of $199.94 billion, a price-to-earnings ratio of 22.97, a PEG ratio of 2.68 and a beta of 0.38.

PepsiCo (NASDAQ:PEP - Get Free Report) last posted its quarterly earnings data on Wednesday, April 15th. The company reported $1.61 EPS for the quarter, beating 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 during the quarter, compared to analyst estimates of $18.89 billion. During the same quarter last year, the firm posted $1.48 earnings per share. The business's revenue for the quarter was up 8.5% compared to the same quarter last year. Equities research analysts anticipate that PepsiCo, Inc. will post 8.63 EPS for the current fiscal year.

PepsiCo declared that its Board of Directors has initiated a share repurchase 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 stock through open market purchases. Stock repurchase programs are usually a sign that the company's leadership believes its shares are undervalued.

PepsiCo Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 30th. Stockholders of record on Friday, June 5th will be paid a $1.48 dividend. The ex-dividend date of this dividend is Friday, June 5th. This is a positive change from PepsiCo's previous quarterly dividend of $1.42. This represents a $5.92 annualized dividend and a dividend yield of 4.0%. PepsiCo's payout ratio is 89.32%.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on PEP shares. Royal Bank Of Canada dropped their price target on shares of PepsiCo from $165.00 to $163.00 and set a "sector perform" rating for the company in a research report on Thursday, April 9th. Weiss Ratings reiterated a "hold (c)" rating on shares of PepsiCo in a research report on Wednesday, April 8th. UBS Group dropped their price target on shares of PepsiCo from $190.00 to $186.00 and set a "buy" rating for the company in a research report on Tuesday, April 7th. Morgan Stanley lifted their price target on shares of PepsiCo from $165.00 to $180.00 and gave the company an "equal weight" rating in a research report on Wednesday, February 4th. Finally, Deutsche Bank Aktiengesellschaft lifted their price target on shares of PepsiCo from $169.00 to $173.00 and gave the company a "buy" rating in a research report on Friday, April 17th. Eight equities research analysts have rated the stock with a Buy rating, ten have given a Hold rating and one has issued a Sell rating to the company's stock. According to MarketBeat, PepsiCo presently has an average rating of "Hold" and a consensus target price of $170.11.

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.

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