Siemens Fonds Invest GmbH Has $7.16 Million Stock Position in PepsiCo, Inc. $PEP

Siemens Fonds Invest GmbH reduced its position in PepsiCo, Inc. (NASDAQ:PEP) by 10.8% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 49,639 shares of the company’s stock after selling 6,041 shares during the period. Siemens Fonds Invest GmbH’s holdings in PepsiCo were worth $7,156,000 as of its most recent filing with the SEC.

Other hedge funds have also bought and sold shares of the company. Captrust Financial Advisors lifted its position in PepsiCo by 3.6% during the third quarter. Captrust Financial Advisors now owns 554,798 shares of the company’s stock worth $77,916,000 after acquiring an additional 19,218 shares during the last quarter. Swiss Life Asset Management Ltd lifted its position in PepsiCo by 11.4% during the fourth quarter. Swiss Life Asset Management Ltd now owns 415,271 shares of the company’s stock worth $59,600,000 after acquiring an additional 42,335 shares during the last quarter. Murphy Middleton Hinkle & Parker Inc. lifted its position in PepsiCo by 622.3% during the fourth quarter. Murphy Middleton Hinkle & Parker Inc. now owns 35,603 shares of the company’s stock worth $5,110,000 after acquiring an additional 30,674 shares during the last quarter. Allstate Corp lifted its position in PepsiCo by 108.1% during the fourth quarter. Allstate Corp now owns 104,723 shares of the company’s stock worth $15,030,000 after acquiring an additional 54,405 shares during the last quarter. Finally, NEOS Investment Management LLC lifted its position in PepsiCo by 65.8% during the third quarter. NEOS Investment Management LLC now owns 577,111 shares of the company’s stock worth $81,049,000 after acquiring an additional 229,121 shares during the last quarter. 73.07% of the stock is currently owned by institutional investors and hedge funds.

PepsiCo News Roundup

Here are the key news stories impacting PepsiCo this week:

• Positive Sentiment: PepsiCo announced its 54th consecutive annual dividend increase, reinforcing its appeal as a defensive, income-generating stock at a time when Treasury yields are elevated. PepsiCo’s 3.9% Yield Is a Safe-Haven Masterclass
• Positive Sentiment: PepsiCo debuted a new limited-edition soda, which could help drive short-term consumer interest and support beverage sales. PepsiCo just debuted a new limited-edition soda that’s guaranteed to sell out
• Positive Sentiment: PepsiCo continues to highlight future growth initiatives, including experiential drinks and regenerative farming partnerships, which suggest management is still investing in new revenue streams. PepsiCo Targets Experiential Drinks And Regenerative Farming For Future Growth
• Neutral Sentiment: PepsiCo senior director Maneesha Khanna stepped down after 13 years; this looks like a personnel change rather than a material business event. PepsiCo Senior Director Maneesha Khanna steps down after 13 years
• Neutral Sentiment: PepsiCo was mentioned in articles about broader S&P 500 ideas and sustainability events, but those items do not appear to change the company’s near-term fundamentals. Sustainability LIVE Announces Final Week to Register for The Leadership Summit
• Negative Sentiment: Piper Sandler lowered its price target on PepsiCo, which can weigh on sentiment by signaling a more cautious outlook for the stock’s upside. PepsiCo (PEP) Price Target Lowered at Piper Sandler. Here is Why

Wall Street Analyst Weigh In

PEP has been the subject of several research reports. Royal Bank Of Canada cut their price objective on shares of PepsiCo from $165.00 to $163.00 and set a “sector perform” rating for the company in a research report on Thursday, April 9th. BNP Paribas Exane raised their price objective on shares of PepsiCo from $191.00 to $195.00 and gave the stock an “outperform” rating in a research report on Friday, April 17th. Wells Fargo & Company cut their price objective on shares of PepsiCo from $160.00 to $150.00 and set an “equal weight” rating for the company in a research report on Friday, June 5th. Argus upgraded shares of PepsiCo to a “hold” rating in a research report on Tuesday, February 17th. Finally, Barclays raised their target price on shares of PepsiCo from $154.00 to $158.00 and gave the stock an “equal weight” rating in a report on Monday, April 20th. Eight analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, PepsiCo presently has an average rating of “Hold” and a consensus target price of $167.35.

PepsiCo Stock Performance

PEP opened at $146.12 on Wednesday. The firm has a market cap of $199.71 billion, a P/E ratio of 22.94, a price-to-earnings-growth ratio of 2.65 and a beta of 0.35. 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 business’s fifty day moving average is $150.68 and its 200-day moving average is $152.40.

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

PepsiCo Increases Dividend

The firm 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 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 presently 92.94%.

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.