Perryman Financial Advisory Inc. AD Acquires New Stake in PepsiCo, Inc. $PEP

Key Points

• Perryman Financial Advisory disclosed a new fourth-quarter stake in PepsiCo, buying 55,125 shares worth about $7.9 million. The position now represents 1.2% of the firm’s portfolio and its 26th-largest holding.
• PepsiCo’s latest quarterly results beat expectations, with EPS of $1.61 versus $1.55 expected and revenue of $19.44 billion topping estimates. Revenue also rose 8.5% year over year, and the company lifted its quarterly dividend to $1.48 per share.
• Analyst sentiment remains cautious overall, as several firms trimmed price targets or reiterated hold ratings. MarketBeat reports a consensus rating of Hold with an average target price of $167.35, while PepsiCo stock was trading below both its 50-day and 200-day moving averages.

Perryman Financial Advisory Inc. AD acquired a new stake in shares of PepsiCo, Inc. (NASDAQ:PEP - Free Report) during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm acquired 55,125 shares of the company's stock, valued at approximately $7,912,000. PepsiCo accounts for 1.2% of Perryman Financial Advisory Inc. AD's portfolio, making the stock its 26th biggest position.

A number of other hedge funds have also made changes to their positions in PEP. Swiss RE Ltd. acquired a new position in shares of PepsiCo during the fourth quarter valued at approximately $28,000. MH & Associates Securities Management Corp ADV acquired a new position in shares of PepsiCo during the fourth quarter valued at approximately $29,000. Imprint Wealth LLC bought a new stake in PepsiCo during the third quarter worth approximately $31,000. Strategic Advocates LLC bought a new stake in PepsiCo during the third quarter worth approximately $33,000. Finally, Mowery & Schoenfeld Wealth Management LLC bought a new stake in PepsiCo during the fourth quarter worth approximately $33,000. Institutional investors and hedge funds own 73.07% of the company's stock.

Key PepsiCo News

Here are the key news stories impacting PepsiCo this week:

• Positive Sentiment: PepsiCo continues to expand its autonomous freight network with Gatik, a move that could improve logistics efficiency and help address staffing challenges in hard-to-serve routes. How PepsiCo’s Driverless Freight Rollout With Gatik (PEP) Has Changed Its Investment Story
• Positive Sentiment: The company also highlighted sustainability-focused farmer financing through Compeer Financial, which supports PepsiCo’s supply chain and long-term agricultural sourcing strategy. Compeer Financial Collaborates with PepsiCo to Provide Strip-Till Equipment Financing
• Neutral Sentiment: PepsiCo was included in a Q1 review of beverage, alcohol, and tobacco stocks, but the article was primarily a peer comparison and did not indicate a major new catalyst. Beverages, Alcohol, and Tobacco Stocks Q1 In Review: PepsiCo NASDAQ: PEP Vs Peers
• Neutral Sentiment: Analyst estimate changes were modest, with Erste Group trimming FY2027 EPS slightly to $9.14 from $9.15, suggesting limited impact on the outlook.
• Negative Sentiment: TD Cowen cut its price target on PepsiCo to $150 from $165 and kept a hold rating, signaling more cautious near-term sentiment on the stock. TD Cowen adjusts PepsiCo price target to 150 from 165
• Negative Sentiment: Piper Sandler also lowered its price target on PepsiCo to $178 from $181, reinforcing the view that analysts see only limited upside from here. Piper Sandler adjusts price target on PepsiCo to 178 from 181

Analyst Ratings Changes

A number of analysts recently weighed in on the stock. Sanford C. Bernstein assumed coverage on shares of PepsiCo in a report on Thursday. They set a "market perform" rating and a $143.00 target price for the company. Argus upgraded shares of PepsiCo to a "hold" rating in a report on Tuesday, February 17th. HSBC raised their target price on shares of PepsiCo from $175.00 to $176.00 and gave the stock a "hold" rating in a report on Friday, April 17th. UBS Group reduced their target price on shares of PepsiCo from $190.00 to $186.00 and set a "buy" rating for the company in a report on Tuesday, April 7th. Finally, Evercore raised their target price on shares of PepsiCo from $165.00 to $170.00 in a report on Friday, April 17th. Eight research analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and one has assigned a Sell rating to the company's stock. According to MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus target price of $167.35.

PepsiCo Stock Performance

PepsiCo stock opened at $144.27 on Monday. The company has a 50 day moving average price of $151.11 and a 200 day moving average price of $152.41. PepsiCo, Inc. has a 52 week low of $127.60 and a 52 week high of $171.48. The company has a debt-to-equity ratio of 1.98, a quick ratio of 0.72 and a current ratio of 0.90. The firm has a market capitalization of $197.18 billion, a price-to-earnings ratio of 22.65, a P/E/G ratio of 2.61 and a beta of 0.35.

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, topping analysts' consensus estimates of $1.55 by $0.06. PepsiCo had a net margin of 9.15% and a return on equity of 56.61%. The firm had revenue of $19.44 billion during the quarter, compared to analyst estimates of $18.89 billion. During the same quarter last year, the business posted $1.48 EPS. The company's revenue was up 8.5% on a year-over-year basis. Research analysts forecast that PepsiCo, Inc. will post 8.63 EPS for the current year.

PepsiCo Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 30th. Investors 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 represents a $5.92 dividend on an annualized basis and a yield of 4.1%. This is a positive change from PepsiCo's previous quarterly dividend of $1.42. PepsiCo's dividend payout ratio (DPR) is 92.94%.

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.

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