Pepsico Inc. (PEP) has emerged as a reputable contender for dividends-focused investment. Several entities have fluctuated their holdings in PEP, purchasing shares while others reduce stocks, hinting at a diverse market sentiment. Clear Harbor Asset Management and Raleigh Capital Management were among those accruing shares, reinforcing Pepsico's image as a viable Halal dividend stock. However, firms like New Century Financial Group took a contrasting approach, decreasing their stock position. Despite a 15% drop within 3 months, Pepsico was viewed with optimism as it was given a $165.00 price target by
JPMorgan Chase & Co. CEO's focus on
supply chain resilience also added to the positive outlook. Nonetheless, an air of caution has arisen as Cramer predicts potential risks. With Barclays maintaining an 'overweight' rating, investors are urged to approach with a long-term mindset as forecasted earnings growth is expected. Pepsico's acquisition of Siete Foods for
$1.2B may strengthen their food portfolio, albeit amidst an FTC price discrimination case. Notwithstanding this, Pepsico's quarterly dividend rose by 7% indicating a 52nd consecutive annual increase. Pepsico stays relevant in talks to further expand by purchasing Siete Foods, while an innate focus on being an attractive long-term dividend stock.
Pepsico PEP News Analytics from Mon, 30 Sep 2024 07:00:00 GMT to Sat, 25 Jan 2025 14:59:38 GMT -
Rating 0
- Innovation 2
- Information 8
- Rumor -1
