PepsiCo, Inc. $PEP Shares Sold by Loring Wolcott & Coolidge Fiduciary Advisors LLP MA

Loring Wolcott & Coolidge Fiduciary Advisors LLP MA cut its stake in PepsiCo, Inc. (NASDAQ:PEP) by 17.6% in the fourth quarter, Holdings Channel reports. The fund owned 176,367 shares of the company’s stock after selling 37,780 shares during the period. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA’s holdings in PepsiCo were worth $26,240,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently modified their holdings of the company. State Street Corp boosted its holdings in PepsiCo by 1.8% in the 3rd quarter. State Street Corp now owns 59,499,819 shares of the company’s stock valued at $8,356,155,000 after purchasing an additional 1,079,970 shares during the last quarter. Invesco Ltd. grew its position in PepsiCo by 7.6% in the third quarter. Invesco Ltd. now owns 13,617,747 shares of the company’s stock worth $1,912,476,000 after acquiring an additional 958,701 shares during the period. Legal & General Group Plc raised its position in PepsiCo by 1.3% in the third quarter. Legal & General Group Plc now owns 8,902,664 shares of the company’s stock valued at $1,250,290,000 after purchasing an additional 118,286 shares during the period. Amundi increased its position in shares of PepsiCo by 30.0% during the 3rd quarter. Amundi now owns 8,641,588 shares of the company’s stock worth $1,207,230,000 after purchasing an additional 1,995,362 shares during the last quarter. Finally, Fisher Asset Management LLC raised its holdings in PepsiCo by 2.0% in the 3rd quarter. Fisher Asset Management LLC now owns 8,112,038 shares of the company’s stock valued at $1,139,255,000 after buying an additional 155,636 shares during the period. Institutional investors and hedge funds own 73.07% of the company’s stock.

PepsiCo Trading Down 0.7%

PEP opened at $153.79 on Thursday. The business has a fifty day moving average price of $159.05 and a 200 day moving average price of $151.92. 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, Inc. has a 12 month low of $127.60 and a 12 month high of $171.48. The stock has a market capitalization of $210.20 billion, a price-to-earnings ratio of 24.14, a PEG ratio of 2.84 and a beta of 0.40.

PepsiCo (NASDAQ:PEP) last announced its quarterly earnings data on Thursday, April 16th. The company reported $1.61 earnings per share (EPS) for the quarter, beating the consensus estimate 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 during the quarter, compared to analysts’ expectations of $18.89 billion. During the same quarter last year, the business posted $1.48 EPS. The business’s quarterly revenue was up 8.5% compared to the same quarter last year. PepsiCo has set its FY 2026 guidance at 8.465-8.628 EPS. Sell-side analysts expect that PepsiCo, Inc. will post 8.63 earnings per share for the current fiscal year.

PepsiCo declared that its board has approved a stock repurchase plan on Tuesday, February 3rd that allows the company to repurchase $10.00 billion in outstanding shares. This repurchase authorization allows the company to buy up to 4.7% of its shares through open market purchases. Shares repurchase plans are typically a sign that the company’s board of directors believes its stock is undervalued.

PepsiCo Dividend Announcement

The company 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 of this dividend was Friday, March 6th. This represents a $5.69 dividend on an annualized basis and a dividend yield of 3.7%. PepsiCo’s dividend payout ratio is currently 89.32%.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on the stock. Argus raised shares of PepsiCo to a “hold” rating in a research note on Tuesday, February 17th. Wall Street Zen lowered shares of PepsiCo from a “buy” rating to a “hold” rating in a report on Saturday, April 18th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of PepsiCo in a research report on Wednesday, April 8th. Rothschild & Co Redburn boosted their target price on PepsiCo from $120.00 to $130.00 and gave the company a “sell” rating in a research report on Tuesday, February 10th. Finally, Deutsche Bank Aktiengesellschaft upped their price target on PepsiCo from $169.00 to $173.00 and gave the stock a “buy” rating in a research note on Friday, April 17th. Eight research analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average target price of $170.26.

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.