Patriot Financial Group Insurance Agency LLC Has $2.45 Million Stock Position in PepsiCo, Inc. $PEP

Patriot Financial Group Insurance Agency LLC increased its stake in shares of PepsiCo, Inc. (NASDAQ:PEP) by 91.4% during the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor owned 15,792 shares of the company’s stock after acquiring an additional 7,542 shares during the period. Patriot Financial Group Insurance Agency LLC’s holdings in PepsiCo were worth $2,452,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently bought and sold shares of the stock. Chemung Canal Trust Co. grew its stake in PepsiCo by 0.4% in the first quarter. Chemung Canal Trust Co. now owns 44,954 shares of the company’s stock valued at $6,981,000 after purchasing an additional 182 shares in the last quarter. Horizon Bancorp Inc. IN raised its stake in shares of PepsiCo by 384.6% during the 1st quarter. Horizon Bancorp Inc. IN now owns 504 shares of the company’s stock worth $78,000 after purchasing an additional 400 shares in the last quarter. Diamant Asset Management Inc. boosted its holdings in shares of PepsiCo by 16,146.5% in the 1st quarter. Diamant Asset Management Inc. now owns 3,586,423 shares of the company’s stock valued at $556,936,000 after buying an additional 3,564,348 shares during the last quarter. Boomfish Wealth Group LLC grew its stake in shares of PepsiCo by 4.3% in the first quarter. Boomfish Wealth Group LLC now owns 10,775 shares of the company’s stock valued at $1,673,000 after buying an additional 440 shares in the last quarter. Finally, Adams Diversified Equity Fund Inc. increased its holdings in PepsiCo by 358.3% during the first quarter. Adams Diversified Equity Fund Inc. now owns 176,776 shares of the company’s stock worth $27,452,000 after buying an additional 138,200 shares during the last quarter. 73.07% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several analysts have issued reports on PEP shares. Sanford C. Bernstein started coverage on shares of PepsiCo in a research report on Thursday, June 11th. They set a “market perform” rating and a $143.00 price target on the stock. Deutsche Bank Aktiengesellschaft lowered their price objective on shares of PepsiCo from $173.00 to $168.00 and set a “buy” rating on the stock in a research note on Thursday, June 18th. Rothschild & Co Redburn upped their target price on shares of PepsiCo from $130.00 to $132.00 in a report on Monday, May 11th. The Goldman Sachs Group raised their target price on shares of PepsiCo from $180.00 to $183.00 and gave the company a “buy” rating in a research note on Friday, April 17th. Finally, Bank of America reduced their price target on PepsiCo from $173.00 to $164.00 and set a “neutral” rating for the company in a report on Thursday. Eight analysts have rated the stock with a Buy rating, eleven have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, PepsiCo presently has an average rating of “Hold” and a consensus target price of $166.85.

PepsiCo News Summary

Here are the key news stories impacting PepsiCo this week:

• Positive Sentiment: PepsiCo’s brand and growth efforts are getting fresh visibility, including marketing around “modern soda,” dirty-soda products, and broader consumer engagement. These trends could support beverage demand and help the company defend share in a changing soft-drink market.
• Positive Sentiment: Analyst support remains constructive overall: Citigroup kept a Buy rating even after trimming its price target to $170, implying meaningful upside from current levels. That helps reassure investors that the stock still looks attractively valued despite recent weakness.
• Positive Sentiment: PepsiCo continues to stand out as a diversified dividend stock, with coverage highlighting its 54-year streak of dividend growth. For income-oriented investors, that long track record can provide support ahead of earnings. Article Title

PepsiCo Stock Performance

Shares of PepsiCo stock opened at $141.39 on Monday. The company has a debt-to-equity ratio of 1.98, a current ratio of 0.90 and a quick ratio of 0.72. The business has a fifty day simple moving average of $148.40 and a two-hundred day simple moving average of $152.06. PepsiCo, Inc. has a 1 year low of $128.11 and a 1 year high of $171.48. The company has a market capitalization of $193.25 billion, a price-to-earnings ratio of 22.20, a P/E/G ratio of 2.85 and a beta of 0.35.

PepsiCo (NASDAQ:PEP) last released its quarterly earnings data on Wednesday, April 15th. The company reported $1.61 EPS for the quarter, beating the consensus estimate 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 net margin of 9.15% and a return on equity of 56.61%. The company’s quarterly revenue was up 8.5% on a year-over-year basis. During the same period in the previous year, the company earned $1.48 earnings per share. Research analysts forecast that PepsiCo, Inc. will post 8.62 EPS for the current year.

PepsiCo Increases Dividend

The business also recently declared 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. This is an increase from PepsiCo’s previous quarterly dividend of $1.42. The ex-dividend date is Friday, June 5th. This represents a $5.92 dividend on an annualized basis and a yield of 4.2%. PepsiCo’s dividend payout ratio (DPR) is currently 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.