ABN Amro Investment Solutions Raises Holdings in PepsiCo, Inc. $PEP

ABN Amro Investment Solutions increased its holdings in PepsiCo, Inc. (NASDAQ:PEP) by 6.2% in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 124,195 shares of the company’s stock after buying an additional 7,258 shares during the period. ABN Amro Investment Solutions’ holdings in PepsiCo were worth $19,286,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also recently made changes to their positions in PEP. Evergreen Advisors LLC purchased a new stake in PepsiCo in the first quarter valued at about $25,000. Gunpowder Capital Management LLC dba Oliver Wealth Management purchased a new stake in shares of PepsiCo during the fourth quarter worth about $26,000. Swiss RE Ltd. acquired a new position in shares of PepsiCo during the fourth quarter valued at about $28,000. MH & Associates Securities Management Corp ADV acquired a new position in shares of PepsiCo during the fourth quarter valued at about $29,000. Finally, Imprint Wealth LLC acquired a new position in PepsiCo during the 3rd quarter valued at approximately $31,000. 73.07% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

PEP has been the topic of several research reports. Royal Bank Of Canada cut their target price on PepsiCo from $163.00 to $161.00 and set a “sector perform” rating on the stock in a research report on Friday, July 10th. Wells Fargo & Company dropped their target price on PepsiCo from $150.00 to $140.00 and set an “equal weight” rating on the stock in a research report on Friday, July 10th. The Goldman Sachs Group increased their price target on shares of PepsiCo from $180.00 to $183.00 and gave the stock a “buy” rating in a report on Friday, April 17th. Barclays increased their price objective on shares of PepsiCo from $138.00 to $142.00 and gave the stock an “equal weight” rating in a research note on Tuesday. Finally, Morgan Stanley decreased their target price on shares of PepsiCo from $180.00 to $160.00 and set an “equal weight” rating for the company in a research report on Friday, July 10th. Seven analysts have rated the stock with a Buy rating, twelve have assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $157.90.

PepsiCo Trading Down 0.3%

PEP stock opened at $135.00 on Wednesday. PepsiCo, Inc. has a 52-week low of $133.95 and a 52-week high of $171.48. The company has a quick ratio of 0.74, a current ratio of 0.93 and a debt-to-equity ratio of 1.91. The firm has a market cap of $184.26 billion, a P/E ratio of 17.69, a PEG ratio of 2.97 and a beta of 0.36. The company’s 50-day simple moving average is $142.91 and its 200-day simple moving average is $151.14.

PepsiCo (NASDAQ:PEP) last released its quarterly 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 company had revenue of $24.18 billion during the quarter, compared to analysts’ expectations of $23.95 billion. During the same quarter in the prior year, the firm posted $0.92 EPS. PepsiCo’s quarterly 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. As a group, equities analysts forecast that PepsiCo, Inc. will post 8.58 EPS for the current fiscal year.

PepsiCo Announces Dividend

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

About PepsiCo

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.