111 Capital Buys 6,786 Shares of PepsiCo, Inc. $PEP

Key Points

• 111 Capital significantly increased its stake in PepsiCo by purchasing an additional 6,786 shares, raising its total ownership by 313% during the 2nd quarter, with holdings valued at approximately $1.18 million.
• A number of analysts have revised their price targets for PepsiCo, with UBS Group lowering its target from $175 to $170 while maintaining a "buy" rating, and Bank of America reducing theirs from $150 to $145, now rating it as "neutral".
• PepsiCo declared a quarterly dividend of $1.4225 per share, representing an annual yield of 4.0%, with a dividend payout ratio of 103.64%.

111 Capital increased its stake in PepsiCo, Inc. (NASDAQ:PEP - Free Report) by 313.0% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 8,954 shares of the company's stock after purchasing an additional 6,786 shares during the quarter. 111 Capital's holdings in PepsiCo were worth $1,182,000 at the end of the most recent quarter.

A number of other large investors have also added to or reduced their stakes in the stock. Claris Advisors LLC MO grew its holdings in shares of PepsiCo by 14.1% in the second quarter. Claris Advisors LLC MO now owns 2,490 shares of the company's stock worth $329,000 after acquiring an additional 308 shares during the period. Foster Group Inc. grew its stake in shares of PepsiCo by 4.6% during the 2nd quarter. Foster Group Inc. now owns 5,169 shares of the company's stock valued at $683,000 after purchasing an additional 229 shares during the period. Asset Management One Co. Ltd. grew its position in PepsiCo by 3.6% during the first quarter. Asset Management One Co. Ltd. now owns 630,906 shares of the company's stock valued at $94,598,000 after buying an additional 21,859 shares during the period. Ignite Planners LLC grew its position in PepsiCo by 4.2% during the first quarter. Ignite Planners LLC now owns 3,773 shares of the company's stock valued at $566,000 after buying an additional 151 shares during the period. Finally, Fulton Bank N.A. grew its position in PepsiCo by 2.5% during the second quarter. Fulton Bank N.A. now owns 25,309 shares of the company's stock valued at $3,342,000 after buying an additional 620 shares during the period. Institutional investors own 73.07% of the company's stock.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on PEP. Deutsche Bank Aktiengesellschaft reissued a "buy" rating on shares of PepsiCo in a research report on Thursday, July 17th. UBS Group cut their price target on PepsiCo from $175.00 to $170.00 and set a "buy" rating for the company in a report on Thursday, September 11th. Bank of America cut their price objective on PepsiCo from $150.00 to $145.00 and set a "neutral" rating for the company in a research note on Friday, July 11th. Barclays reiterated a "cautious" rating on shares of PepsiCo in a research note on Friday. Finally, Weiss Ratings reiterated a "hold (c-)" rating on shares of PepsiCo in a research report on Saturday, September 27th. Four investment analysts have rated the stock with a Buy rating, fourteen have given a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat, the company presently has an average rating of "Hold" and a consensus price target of $157.87.

PepsiCo Trading Down 0.2%

PEP stock opened at $141.98 on Friday. PepsiCo, Inc. has a 1-year low of $127.60 and a 1-year high of $177.50. The company has a debt-to-equity ratio of 2.12, a current ratio of 0.78 and a quick ratio of 0.60. The company has a market capitalization of $194.38 billion, a price-to-earnings ratio of 25.86, a PEG ratio of 3.59 and a beta of 0.46. The business has a 50 day simple moving average of $144.36 and a two-hundred day simple moving average of $139.45.

PepsiCo (NASDAQ:PEP - Get Free Report) last issued its earnings results on Thursday, July 17th. The company reported $2.12 earnings per share for the quarter, topping analysts' consensus estimates of $2.03 by $0.09. PepsiCo had a net margin of 8.23% and a return on equity of 57.81%. The firm had revenue of $22.73 billion during the quarter, compared to analyst estimates of $22.28 billion. During the same quarter in the prior year, the business earned $2.28 earnings per share. PepsiCo's revenue for the quarter was up 1.0% on a year-over-year basis. PepsiCo has set its FY 2025 guidance at 8.038-8.038 EPS. Research analysts anticipate that PepsiCo, Inc. will post 8.3 EPS for the current fiscal year.

PepsiCo Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 30th. Shareholders of record on Friday, September 5th were issued a dividend of $1.4225 per share. This represents a $5.69 annualized dividend and a dividend yield of 4.0%. The ex-dividend date of this dividend was Friday, September 5th. PepsiCo's dividend payout ratio is 103.64%.

PepsiCo Company Profile

PepsiCo, Inc engages in the manufacture, marketing, distribution, and sale of various beverages and convenient foods worldwide. The company operates through seven segments: Frito-Lay North America; Quaker Foods North America; PepsiCo Beverages North America; Latin America; Europe; Africa, Middle East and South Asia; and Asia Pacific, Australia and New Zealand and China Region.

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