State of Alaska Department of Revenue Sells 15,192 Shares of PepsiCo, Inc. $PEP

Key Points

• State of Alaska Department of Revenue sold 15,192 shares of PepsiCo, cutting its stake by 8.1% to 171,384 shares worth about $24.6 million at the end of the quarter.
• PepsiCo's board approved a $10.0 billion buyback (up to 4.7% of shares) and paid a quarterly dividend of $1.4225 (annualized $5.69, yield 3.6%) while carrying a high payout ratio of 94.83%.
• The company slightly beat Q4 expectations with $2.26 EPS versus $2.24 and revenue of $29.34 billion (+5.6% YoY); analysts' consensus is a "Hold" with a $168.47 target price.

State of Alaska Department of Revenue lessened its stake in shares of PepsiCo, Inc. (NASDAQ:PEP - Free Report) by 8.1% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 171,384 shares of the company's stock after selling 15,192 shares during the quarter. State of Alaska Department of Revenue's holdings in PepsiCo were worth $24,596,000 at the end of the most recent reporting period.

A number of other hedge funds have also added to or reduced their stakes in the stock. Tectonic Advisors LLC grew its holdings in PepsiCo by 6.5% during the 4th quarter. Tectonic Advisors LLC now owns 69,384 shares of the company's stock valued at $9,958,000 after buying an additional 4,231 shares in the last quarter. Westside Investment Management Inc. grew its holdings in PepsiCo by 3.2% during the 4th quarter. Westside Investment Management Inc. now owns 2,684 shares of the company's stock valued at $385,000 after buying an additional 82 shares in the last quarter. Whitener Capital Management Inc. grew its holdings in PepsiCo by 4.8% during the 4th quarter. Whitener Capital Management Inc. now owns 49,458 shares of the company's stock valued at $7,098,000 after buying an additional 2,255 shares in the last quarter. Financial Advisory Partners LLC grew its holdings in PepsiCo by 1.7% during the 4th quarter. Financial Advisory Partners LLC now owns 18,391 shares of the company's stock valued at $2,640,000 after buying an additional 306 shares in the last quarter. Finally, Live Oak Private Wealth LLC grew its holdings in PepsiCo by 1.1% during the 4th quarter. Live Oak Private Wealth LLC now owns 7,110 shares of the company's stock valued at $1,020,000 after buying an additional 80 shares in the last quarter. Hedge funds and other institutional investors own 73.07% of the company's stock.

PepsiCo Stock Performance

NASDAQ:PEP opened at $157.06 on Monday. The business has a 50 day moving average of $160.58 and a 200 day moving average of $151.16. The company has a market capitalization of $214.69 billion, a price-to-earnings ratio of 26.18, a PEG ratio of 3.03 and a beta of 0.40. PepsiCo, Inc. has a 1-year low of $127.60 and a 1-year high of $171.48. The company has a debt-to-equity ratio of 2.06, a current ratio of 0.85 and a quick ratio of 0.67.

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

PepsiCo Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, March 31st. Shareholders 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 payout ratio is presently 94.83%.

PepsiCo declared that its Board of Directors has approved a share repurchase plan on Tuesday, February 3rd that allows the company to buyback $10.00 billion in shares. This buyback authorization allows the company to buy up to 4.7% of its stock through open market purchases. Stock buyback plans are typically an indication that the company's leadership believes its shares are undervalued.

Wall Street Analysts Forecast Growth

PEP has been the subject of several recent analyst reports. TD Cowen boosted their price objective on PepsiCo from $162.00 to $165.00 and gave the stock a "hold" rating in a report on Friday, February 20th. BNP Paribas Exane set a $191.00 price objective on PepsiCo in a report on Wednesday, February 4th. Piper Sandler boosted their price objective on PepsiCo from $172.00 to $181.00 and gave the stock an "overweight" rating in a report on Thursday, March 12th. Deutsche Bank Aktiengesellschaft dropped their target price on PepsiCo from $176.00 to $169.00 and set a "buy" rating for the company in a research report on Monday, March 30th. Finally, Morgan Stanley boosted their target price on PepsiCo from $165.00 to $180.00 and gave the stock an "equal weight" rating in a research report on Wednesday, February 4th. Eight equities research analysts have rated the stock with a Buy rating, eleven have given a Hold rating and one has assigned a Sell rating to the company's stock. Based on data from MarketBeat, the company currently has an average rating of "Hold" and a consensus target price of $168.47.

Trending Headlines about PepsiCo

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

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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