Petrus Trust Company LTA Acquires Shares of 1,817 PepsiCo, Inc. $PEP

Key Points

• Petrus Trust Company acquired 1,817 shares of PepsiCo, valued at approximately $272,000 in the first quarter.
• PepsiCo reported a net income of $22.73 billion for the last quarter, exceeding expectations with an EPS of $2.12, beating analysts' estimates by $0.09.
• The company announced a quarterly dividend of $1.4225, representing an annual yield of 4.0%, with a payout ratio of 103.64%.

Petrus Trust Company LTA acquired a new position in PepsiCo, Inc. (NASDAQ:PEP - Free Report) during the first quarter, according to the company in its most recent filing with the SEC. The fund acquired 1,817 shares of the company's stock, valued at approximately $272,000.

Other institutional investors have also recently added to or reduced their stakes in the company. Brighton Jones LLC increased its position in shares of PepsiCo by 12.4% in the 4th quarter. Brighton Jones LLC now owns 59,392 shares of the company's stock worth $9,031,000 after purchasing an additional 6,574 shares during the last quarter. Bank Pictet & Cie Europe AG grew its position in PepsiCo by 2.5% in the 4th quarter. Bank Pictet & Cie Europe AG now owns 470,387 shares of the company's stock worth $71,527,000 after purchasing an additional 11,538 shares during the last quarter. Gotham Asset Management LLC grew its position in PepsiCo by 49.6% in the 4th quarter. Gotham Asset Management LLC now owns 73,874 shares of the company's stock worth $11,233,000 after purchasing an additional 24,490 shares during the last quarter. Jefferies Financial Group Inc. grew its position in PepsiCo by 13.1% in the 4th quarter. Jefferies Financial Group Inc. now owns 60,710 shares of the company's stock worth $9,232,000 after purchasing an additional 7,017 shares during the last quarter. Finally, Janus Henderson Group PLC lifted its stake in shares of PepsiCo by 0.7% in the 4th quarter. Janus Henderson Group PLC now owns 352,517 shares of the company's stock worth $53,602,000 after acquiring an additional 2,292 shares during the period. Institutional investors and hedge funds own 73.07% of the company's stock.

PepsiCo Price Performance

Shares of PepsiCo stock traded up $1.39 during mid-day trading on Tuesday, reaching $143.10. 5,852,496 shares of the stock were exchanged, compared to its average volume of 8,398,995. The company has a market cap of $195.92 billion, a price-to-earnings ratio of 26.07, a price-to-earnings-growth ratio of 3.58 and a beta of 0.46. The company has a current ratio of 0.78, a quick ratio of 0.60 and a debt-to-equity ratio of 2.12. The firm has a 50-day simple moving average of $143.35 and a 200 day simple moving average of $140.74. PepsiCo, Inc. has a fifty-two week low of $127.60 and a fifty-two week high of $179.43.

PepsiCo (NASDAQ:PEP - Get Free Report) last announced its earnings results on Thursday, July 17th. The company reported $2.12 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $2.03 by $0.09. The business had revenue of $22.73 billion during the quarter, compared to analysts' expectations of $22.28 billion. PepsiCo had a net margin of 8.23% and a return on equity of 57.81%. The firm's revenue for the quarter was up 1.0% on a year-over-year basis. During the same quarter last year, the company posted $2.28 EPS. PepsiCo has set its FY 2025 guidance at 8.038-8.038 EPS. On average, sell-side analysts predict 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 will be paid on Tuesday, September 30th. Shareholders of record on Friday, September 5th will be given a $1.4225 dividend. This represents a $5.69 annualized dividend and a yield of 4.0%. The ex-dividend date is Friday, September 5th. PepsiCo's dividend payout ratio (DPR) is presently 103.64%.

Wall Street Analyst Weigh In

Several analysts recently commented on PEP shares. Deutsche Bank Aktiengesellschaft reissued a "buy" rating on shares of PepsiCo in a research note on Thursday, July 17th. Royal Bank Of Canada restated a "sector perform" rating and set a $146.00 price target on shares of PepsiCo in a research note on Wednesday, September 3rd. Citigroup upped their price objective on shares of PepsiCo from $160.00 to $168.00 and gave the stock a "buy" rating in a report on Friday, July 18th. Cowen reissued a "hold" rating on shares of PepsiCo in a report on Thursday, July 17th. Finally, Morgan Stanley raised their price objective on shares of PepsiCo from $153.00 to $165.00 and gave the stock an "equal weight" rating in a report on Friday, July 18th. Four investment analysts have rated the stock with a Buy rating, fourteen have given a Hold rating and one has given a Sell rating to the company's stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus price target of $158.60.

PepsiCo 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.