Lido Advisors LLC Acquires 39,507 Shares of PepsiCo, Inc. $PEP

Lido Advisors LLC lifted its holdings in shares of PepsiCo, Inc. (NASDAQ:PEP) by 29.9% in the 1st quarter, Holdings Channel reports. The institutional investor owned 171,517 shares of the company’s stock after acquiring an additional 39,507 shares during the period. Lido Advisors LLC’s holdings in PepsiCo were worth $26,636,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also modified their holdings of the company. Swiss Life Asset Management Ltd lifted its position in PepsiCo by 11.4% during the 4th quarter. Swiss Life Asset Management Ltd now owns 415,271 shares of the company’s stock worth $59,600,000 after buying an additional 42,335 shares in the last quarter. Allstate Corp grew its holdings in shares of PepsiCo by 108.1% in the 4th quarter. Allstate Corp now owns 104,723 shares of the company’s stock valued at $15,030,000 after acquiring an additional 54,405 shares in the last quarter. National Pension Service increased its position in shares of PepsiCo by 2.5% in the fourth quarter. National Pension Service now owns 3,143,939 shares of the company’s stock valued at $451,218,000 after acquiring an additional 77,051 shares during the last quarter. IFM Investors Pty Ltd raised its holdings in PepsiCo by 4.8% during the first quarter. IFM Investors Pty Ltd now owns 273,135 shares of the company’s stock worth $42,415,000 after acquiring an additional 12,472 shares in the last quarter. Finally, Knights of Columbus Asset Advisors LLC boosted its position in PepsiCo by 90.0% during the fourth quarter. Knights of Columbus Asset Advisors LLC now owns 94,652 shares of the company’s stock valued at $13,584,000 after purchasing an additional 44,824 shares during the last quarter. 73.07% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on PEP. Deutsche Bank Aktiengesellschaft set a $155.00 price target on PepsiCo in a research note on Friday, July 10th. The Goldman Sachs Group increased their price objective on PepsiCo from $180.00 to $183.00 and gave the company a “buy” rating in a report on Friday, April 17th. Citigroup cut shares of PepsiCo from a “buy” rating to a “neutral” rating and decreased their target price for the company from $170.00 to $145.00 in a research note on Friday, July 10th. Bank of America dropped their price target on shares of PepsiCo from $173.00 to $164.00 and set a “neutral” rating on the stock in a research report on Thursday, June 25th. Finally, Jefferies Financial Group cut their price target on shares of PepsiCo from $162.00 to $152.00 and set a “hold” rating for the company in a research note on Friday, July 10th. Seven research analysts have rated the stock with a Buy rating, twelve have issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $157.90.

PepsiCo Price Performance

NASDAQ:PEP opened at $135.65 on Thursday. The company has a quick ratio of 0.74, a current ratio of 0.93 and a debt-to-equity ratio of 1.91. PepsiCo, Inc. has a 12-month low of $133.95 and a 12-month high of $171.48. The stock’s 50 day moving average price is $142.64 and its two-hundred day moving average price is $151.08. The firm has a market capitalization of $185.15 billion, a price-to-earnings ratio of 17.78, a P/E/G ratio of 2.96 and a beta of 0.36.

PepsiCo (NASDAQ:PEP) last posted its earnings results on Thursday, July 9th. The company reported $2.20 earnings per share for the quarter, topping analysts’ consensus estimates of $2.19 by $0.01. PepsiCo had a return on equity of 54.63% and a net margin of 10.78%.The business had revenue of $24.18 billion for the quarter, compared to analyst estimates of $23.95 billion. During the same period in the previous year, the firm earned $0.92 EPS. The firm’s revenue was up 6.4% compared to the same quarter last year. PepsiCo has set its FY 2026 guidance at 8.550-8.710 EPS. On average, analysts anticipate that PepsiCo, Inc. will post 8.58 earnings per share for the current year.

PepsiCo Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 30th. Stockholders of record on Friday, September 4th will be issued a dividend of $1.48 per share. This represents a $5.92 dividend on an annualized basis and a dividend yield of 4.4%. The ex-dividend date is Friday, September 4th. PepsiCo’s payout ratio is currently 77.59%.

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.