Peterson Wealth Services Has $4.70 Million Stock Position in PepsiCo, Inc. $PEP

Peterson Wealth Services grew its holdings in shares of PepsiCo, Inc. (NASDAQ:PEP) by 28,745.7% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 33,461 shares of the company’s stock after purchasing an additional 33,345 shares during the quarter. PepsiCo comprises about 1.1% of Peterson Wealth Services’ investment portfolio, making the stock its 19th biggest position. Peterson Wealth Services’ holdings in PepsiCo were worth $4,699,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of the business. Clayton Financial Group LLC acquired a new stake in PepsiCo in the 3rd quarter worth approximately $872,000. Avantax Advisory Services Inc. lifted its stake in shares of PepsiCo by 2.6% in the second quarter. Avantax Advisory Services Inc. now owns 185,961 shares of the company’s stock worth $24,554,000 after buying an additional 4,627 shares during the last quarter. Concord Asset Management LLC VA boosted its holdings in shares of PepsiCo by 29.4% during the 2nd quarter. Concord Asset Management LLC VA now owns 8,880 shares of the company’s stock worth $1,172,000 after buying an additional 2,016 shares during the period. Family Capital Management Inc. acquired a new position in PepsiCo in the 2nd quarter valued at $401,000. Finally, Kathmere Capital Management LLC raised its holdings in PepsiCo by 122.6% in the 3rd quarter. Kathmere Capital Management LLC now owns 20,365 shares of the company’s stock worth $2,860,000 after acquiring an additional 11,217 shares during the period. 73.07% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on PEP shares. JPMorgan Chase & Co. raised PepsiCo from a “neutral” rating to an “overweight” rating and raised their price target for the company from $151.00 to $164.00 in a research report on Wednesday, December 10th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of PepsiCo in a report on Friday, January 9th. Loop Capital set a $164.00 price target on PepsiCo in a report on Thursday, October 23rd. Rothschild & Co Redburn raised their price objective on shares of PepsiCo from $117.00 to $120.00 and gave the stock a “sell” rating in a research note on Monday, December 15th. Finally, Bank of America boosted their target price on shares of PepsiCo from $150.00 to $155.00 and gave the stock a “neutral” rating in a research report on Friday, October 10th. One analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating, ten have assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, PepsiCo currently has a consensus rating of “Hold” and a consensus price target of $159.29.

PepsiCo Stock Performance

Shares of NASDAQ PEP opened at $155.20 on Tuesday. The firm has a market capitalization of $212.21 billion, a price-to-earnings ratio of 29.51, a PEG ratio of 5.05 and a beta of 0.40. PepsiCo, Inc. has a one year low of $127.60 and a one year high of $160.15. The business has a fifty day simple moving average of $146.13 and a 200 day simple moving average of $145.67. The company has a current ratio of 0.91, a quick ratio of 0.72 and a debt-to-equity ratio of 2.26.

PepsiCo Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, January 6th. Stockholders of record on Friday, December 5th were given a dividend of $1.4225 per share. This represents a $5.69 annualized dividend and a dividend yield of 3.7%. The ex-dividend date was Friday, December 5th. PepsiCo’s payout ratio is 108.17%.

Key PepsiCo News

Here are the key news stories impacting PepsiCo this week:

• Positive Sentiment: Hedgeye added PEP as a long idea, signaling conviction from a noted short/long research shop that could attract momentum-focused buyers. PepsiCo added as a long idea at Hedgeye
• Positive Sentiment: An earnings preview expects higher Q4 profit and revenue as PepsiCo’s turnaround efforts begin to bear fruit — a beat would likely reinforce the rally. PepsiCo Expected to Post Higher 4Q Profit, Revenue as Turnaround Begins to Bear Fruit — Earnings Preview
• Positive Sentiment: PepsiCo is on the earnings calendar (Q4 report due Tuesday), which often increases volume and volatility as investors reposition into or out of the stock. PepsiCo, AMD, Amgen, and more set to report earnings Tuesday
• Positive Sentiment: Analyst commentary and trade ideas (TipRanks, Benzinga) are highlighting PEP as a buy/dividend-income play ahead of earnings, which can support near-term demand. Is Pepsi Stock (PEP) a Buy Ahead of Q4 Earnings?
• Neutral Sentiment: JPMorgan raised its target on Celsius (CELH), citing a PepsiCo partnership as upside for Celsius — a positive indirect signal for PepsiCo’s partnerships strategy but not a direct earnings driver. JPMorgan Raises Celsius Holdings Inc (CELH) Price Target, Sees Earnings Upside From PepsiCo Partnership and Alani Nu Growth
• Neutral Sentiment: Coverage pieces on valuation and leadership moves note restructuring of global operations and management changes — these are strategic positives but their financial impact depends on execution and timing. PepsiCo Leadership Moves And Valuation Signals For NasdaqGS PEP Investors
• Negative Sentiment: Commentary warns that earnings must show the turnaround is gaining traction; any miss or cautious guidance could reverse gains quickly. PepsiCo earnings need to show its turnaround is gaining traction
• Negative Sentiment: A small institutional seller (UMB Bank NA) trimmed its stake — minor on its own but noted by market scanners as a marginal negative. UMB Bank n.a. Sells 3,548 Shares of PepsiCo, Inc. $PEP

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.