Sivia Capital Partners LLC Raises Stock Holdings in PepsiCo, Inc. $PEP

Sivia Capital Partners LLC increased its position in PepsiCo, Inc. (NASDAQ:PEP) by 53.9% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 16,363 shares of the company’s stock after purchasing an additional 5,734 shares during the period. PepsiCo accounts for 0.5% of Sivia Capital Partners LLC’s portfolio, making the stock its 27th biggest position. Sivia Capital Partners LLC’s holdings in PepsiCo were worth $2,348,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in PEP. MH & Associates Securities Management Corp ADV purchased a new stake in PepsiCo in the fourth quarter worth $29,000. Imprint Wealth LLC purchased a new stake in PepsiCo in the third quarter worth $31,000. Strategic Advocates LLC purchased a new stake in PepsiCo in the third quarter worth $33,000. Mowery & Schoenfeld Wealth Management LLC purchased a new stake in PepsiCo in the fourth quarter worth $33,000. Finally, Evolution Wealth Management Inc. grew its stake in PepsiCo by 47.8% in the fourth quarter. Evolution Wealth Management Inc. now owns 232 shares of the company’s stock worth $33,000 after purchasing an additional 75 shares during the period. 73.07% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities research analysts recently weighed in on the company. BNP Paribas Exane upped their price target on PepsiCo from $191.00 to $195.00 and gave the stock an “outperform” rating in a research note on Friday, April 17th. Morgan Stanley increased their target price on PepsiCo from $165.00 to $180.00 and gave the stock an “equal weight” rating in a research note on Wednesday, February 4th. Piper Sandler increased their target price on PepsiCo from $172.00 to $181.00 and gave the stock an “overweight” rating in a research note on Thursday, March 12th. The Goldman Sachs Group increased their target price on PepsiCo from $180.00 to $183.00 and gave the stock a “buy” rating in a research note on Friday, April 17th. Finally, Barclays increased their target price on PepsiCo from $154.00 to $158.00 and gave the stock an “equal weight” rating in a research note on Monday, April 20th. Eight equities research analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $170.11.

PepsiCo Trading Up 0.4%

NASDAQ PEP opened at $142.54 on Thursday. The stock has a market cap of $194.82 billion, a P/E ratio of 22.38, a P/E/G ratio of 2.57 and a beta of 0.35. The company has a current ratio of 0.90, a quick ratio of 0.72 and a debt-to-equity ratio of 1.98. PepsiCo, Inc. has a 12 month low of $127.60 and a 12 month high of $171.48. The stock’s fifty day moving average price is $152.57 and its 200-day moving average price is $152.61.

PepsiCo (NASDAQ:PEP) last announced its quarterly earnings results on Wednesday, April 15th. The company reported $1.61 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.55 by $0.06. The firm had revenue of $19.44 billion for the quarter, compared to the consensus estimate of $18.89 billion. PepsiCo had a return on equity of 56.61% and a net margin of 9.15%.The company’s quarterly revenue was up 8.5% on a year-over-year basis. During the same period in the prior year, the company posted $1.48 earnings per share. As a group, equities analysts forecast that PepsiCo, Inc. will post 8.63 EPS for the current fiscal year.

PepsiCo Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, June 30th. Stockholders of record on Friday, June 5th will be issued a dividend of $1.48 per share. The ex-dividend date of this dividend is 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 dividend yield of 4.2%. PepsiCo’s dividend payout ratio is currently 89.32%.

More PepsiCo News

Here are the key news stories impacting PepsiCo this week:

• Positive Sentiment: PepsiCo launched new products aimed at premium and growth categories, including the Adrenaline Rush energy drink and PopCorners Protein, which could help support volume and mix improvement. PepsiCo launches energy drink Adrenaline Rush, eyes mass-premium segment
• Positive Sentiment: The company’s affordability and modernization messaging suggests it is adapting to weaker consumer spending by offering more value-oriented products and packaging, which may help protect market share. How PepsiCo Is Achieving Affordability
• Positive Sentiment: Recent commentary highlighted PepsiCo’s dividend appeal and ongoing health-focused product push, which supports the stock’s defensive-income profile for investors. PepsiCo (PEP) Valuation Check After Earnings Beat Dividend Hike And Health Focused Product Push

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.