2,730 Shares in PepsiCo, Inc. $PEP Acquired by Kera Capital Partners Inc.

Key Points

• Kera Capital Partners Inc. has acquired 2,730 shares of PepsiCo, Inc. valued at approximately $360,000, reflecting continued interest from institutional investors.
• PepsiCo reported earnings per share of $2.12 for the latest quarter, exceeding the consensus estimate of $2.03, with revenue of $22.73 billion up 1.0% from the prior year.
• The company has announced a quarterly dividend of $1.4225 per share, reflecting a 4.0% dividend yield and a payout ratio of 103.64%.

Kera Capital Partners Inc. purchased a new position in PepsiCo, Inc. (NASDAQ:PEP - Free Report) during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 2,730 shares of the company's stock, valued at approximately $360,000.

A number of other hedge funds have also bought and sold shares of the company. Nova Wealth Management Inc. acquired a new stake in PepsiCo during the 1st quarter worth about $25,000. Elite Financial Inc. acquired a new position in PepsiCo in the first quarter valued at approximately $28,000. Sunbeam Capital Management LLC bought a new position in shares of PepsiCo during the 4th quarter worth approximately $47,000. MorganRosel Wealth Management LLC bought a new stake in shares of PepsiCo in the 1st quarter valued at $55,000. Finally, Migdal Insurance & Financial Holdings Ltd. acquired a new position in shares of PepsiCo during the 1st quarter valued at $58,000. Institutional investors own 73.07% of the company's stock.

Analyst Upgrades and Downgrades

PEP has been the subject of several research analyst reports. Deutsche Bank Aktiengesellschaft reaffirmed a "buy" rating on shares of PepsiCo in a research note on Thursday, July 17th. Barclays boosted their target price on PepsiCo from $132.00 to $144.00 and gave the company an "equal weight" rating in a research report on Monday, July 21st. Royal Bank Of Canada reissued a "sector perform" rating and issued a $146.00 price objective on shares of PepsiCo in a research note on Wednesday, September 3rd. Cowen reaffirmed a "hold" rating on shares of PepsiCo in a research report on Thursday, July 17th. Finally, Morgan Stanley lifted their price target on shares of PepsiCo from $153.00 to $165.00 and gave the company an "equal weight" rating in a research report on Friday, July 18th. Four research analysts have rated the stock with a Buy rating, fourteen have assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of "Hold" and an average target price of $158.67.

PepsiCo Trading Down 0.5%

NASDAQ PEP opened at $143.53 on Friday. 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 business has a fifty day simple moving average of $143.81 and a 200 day simple moving average of $140.52. PepsiCo, Inc. has a 12 month low of $127.60 and a 12 month high of $179.43. The firm has a market capitalization of $196.50 billion, a P/E ratio of 26.14, a PEG ratio of 3.65 and a beta of 0.46.

PepsiCo (NASDAQ:PEP - Get Free Report) last posted its earnings results on Thursday, July 17th. The company reported $2.12 earnings per share (EPS) for the quarter, topping the consensus estimate 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 posted $2.28 EPS. The business's revenue was up 1.0% compared to the same quarter last year. PepsiCo has set its FY 2025 guidance at 8.038-8.038 EPS. On average, analysts predict that PepsiCo, Inc. will post 8.3 EPS for the current fiscal year.

PepsiCo Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 30th. Stockholders of record on Friday, September 5th will be paid a $1.4225 dividend. This represents a $5.69 dividend on an annualized basis and a dividend yield of 4.0%. The ex-dividend date is Friday, September 5th. PepsiCo's payout ratio is presently 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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