PepsiCo, Inc. $PEP Shares Acquired by Swedbank AB
by Danessa Lincoln · The Markets DailySwedbank AB increased its position in shares of PepsiCo, Inc. (NASDAQ:PEP – Free Report) by 8.5% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 882,810 shares of the company’s stock after acquiring an additional 69,064 shares during the period. Swedbank AB’s holdings in PepsiCo were worth $137,092,000 at the end of the most recent quarter.
Several other institutional investors also recently bought and sold shares of PEP. Gunpowder Capital Management LLC dba Oliver Wealth Management purchased a new position in shares of PepsiCo in the fourth quarter valued at approximately $26,000. Swiss RE Ltd. purchased a new stake in PepsiCo during the 4th quarter worth approximately $28,000. MH & Associates Securities Management Corp ADV acquired a new stake in PepsiCo during the 4th quarter worth approximately $29,000. Imprint Wealth LLC acquired a new stake in PepsiCo during the 3rd quarter worth approximately $31,000. Finally, Networth Advisors LLC boosted its position in PepsiCo by 2,857.1% in the 1st quarter. Networth Advisors LLC now owns 207 shares of the company’s stock valued at $32,000 after buying an additional 200 shares during the period. 73.07% of the stock is owned by institutional investors and hedge funds.
Key Headlines Impacting PepsiCo
Here are the key news stories impacting PepsiCo this week:
- Positive Sentiment: Investors are buying ahead of earnings, expecting PepsiCo’s pricing reset, product simplification, and new product launches to support a recovery in demand and volume growth. PepsiCo Rises Ahead of Q2 Results as Investors Bet Turnaround Gains Are Holding
- Positive Sentiment: Market commentary from Jim Cramer framed PepsiCo as a quality stock that may benefit from rotation into defensive names, which can support sentiment even during broader volatility. PepsiCo and more: Jim Cramer says market rotation is creating buying chances, picks 4 stocks
- Neutral Sentiment: Investors are watching for a potentially large post-earnings move, with options pricing implying the stock could swing meaningfully after results. Here’s How Much PepsiCo Stock Is Expected to Move After Earnings
- Neutral Sentiment: Broader market headlines are keeping consumer staples and blue chips in focus, but they do not directly change PepsiCo’s fundamentals. Chips Slip Again as Caterpillar Bites the Dow: Stock Market Today
- Negative Sentiment: Barclays recently cut its price target and warned that PepsiCo’s turnaround could be losing momentum, highlighting risk if North American demand remains weak. PEP Stock Faces Fresh Pressure: Barclays Cuts Price Target, Warns Turnaround Is Losing Steam Ahead Of Q2 Earnings
PepsiCo Stock Up 1.2%
Shares of NASDAQ PEP opened at $144.98 on Wednesday. The business has a 50-day moving average of $146.38 and a two-hundred day moving average of $151.68. The company has a market capitalization of $198.15 billion, a price-to-earnings ratio of 22.76, a price-to-earnings-growth ratio of 2.89 and a beta of 0.36. PepsiCo, Inc. has a 1 year low of $132.96 and a 1 year high of $171.48. The company has a debt-to-equity ratio of 1.98, a current ratio of 0.90 and a quick ratio of 0.72.
PepsiCo (NASDAQ:PEP – Get Free Report) last released its quarterly earnings data on Wednesday, April 15th. The company reported $1.61 EPS for the quarter, beating analysts’ consensus estimates of $1.55 by $0.06. PepsiCo had a return on equity of 56.61% and a net margin of 9.15%.The business had revenue of $19.44 billion for the quarter, compared to the consensus estimate of $18.89 billion. During the same quarter in the prior year, the business posted $1.48 EPS. The business’s revenue for the quarter was up 8.5% on a year-over-year basis. On average, analysts forecast that PepsiCo, Inc. will post 8.62 earnings per share for the current fiscal year.
PepsiCo Increases Dividend
The business also recently disclosed a quarterly dividend, which was paid on Tuesday, June 30th. Shareholders of record on Friday, June 5th were issued a dividend of $1.48 per share. The ex-dividend date of this dividend was Friday, June 5th. This is an increase from PepsiCo’s previous quarterly dividend of $1.42. This represents a $5.92 dividend on an annualized basis and a yield of 4.1%. PepsiCo’s dividend payout ratio is 92.94%.
Analyst Upgrades and Downgrades
PEP has been the topic of a number of recent research reports. BNP Paribas Exane increased their price objective on PepsiCo from $191.00 to $195.00 and gave the company an “outperform” rating in a research note on Friday, April 17th. Weiss Ratings reissued a “hold (c)” rating on shares of PepsiCo in a research note on Wednesday, April 8th. Piper Sandler reduced their price target on PepsiCo from $181.00 to $178.00 and set an “overweight” rating on the stock in a research report on Friday, June 12th. Barclays decreased their price objective on PepsiCo from $158.00 to $144.00 and set an “equal weight” rating for the company in a research note on Thursday, July 2nd. Finally, Royal Bank Of Canada lowered their price objective on PepsiCo from $165.00 to $163.00 and set a “sector perform” rating for the company in a research report on Thursday, April 9th. Eight analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, PepsiCo presently has an average rating of “Hold” and an average price target of $165.00.
Read Our Latest Stock Report on PepsiCo
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.
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