Mirador Capital Partners LP Purchases Shares of 27,320 PepsiCo, Inc. $PEP

Key Points

• Mirador Capital Partners LP acquired 27,320 shares of PepsiCo, valued at approximately $3,607,000, marking a new investment position for the institutional investor in Q2.
• PepsiCo's stock has a current market capitalization of $191.71 billion, and after recent quarterly earnings, it reported $2.12 EPS, exceeding expectations by $0.09.
• The company announced a quarterly dividend of $1.4225, resulting in an annualized dividend yield of 4.1%, with a payout ratio currently at 103.64%.

Mirador Capital Partners LP acquired a new position in shares of PepsiCo, Inc. (NASDAQ:PEP - Free Report) in the second quarter, according to the company in its most recent disclosure with the SEC. The firm acquired 27,320 shares of the company's stock, valued at approximately $3,607,000.

Other hedge funds have also recently made changes to their positions in the company. Nova Wealth Management Inc. purchased a new position in PepsiCo in the 1st quarter valued at approximately $25,000. Elite Financial Inc. acquired a new stake in shares of PepsiCo in the 1st quarter valued at $28,000. Sunbeam Capital Management LLC acquired a new stake in shares of PepsiCo in the 4th quarter valued at $47,000. MorganRosel Wealth Management LLC acquired a new stake in shares of PepsiCo in the 1st quarter valued at $55,000. Finally, Migdal Insurance & Financial Holdings Ltd. acquired a new stake in shares of PepsiCo in the 1st quarter valued at $58,000. Hedge funds and other institutional investors own 73.07% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on the stock. Barclays raised their price objective on shares of PepsiCo from $132.00 to $144.00 and gave the company an "equal weight" rating in a report on Monday, July 21st. Citigroup lifted their price target on shares of PepsiCo from $160.00 to $168.00 and gave the stock a "buy" rating in a research note on Friday, July 18th. Wells Fargo & Company lifted their price target on shares of PepsiCo from $140.00 to $154.00 and gave the stock an "equal weight" rating in a research note on Friday, July 18th. UBS Group cut their price target on shares of PepsiCo from $175.00 to $170.00 and set a "buy" rating on the stock in a research note on Thursday, September 11th. Finally, JPMorgan Chase & Co. cut their price target on shares of PepsiCo from $150.00 to $139.00 and set a "neutral" rating on the stock in a research note on Thursday, July 10th. Four investment analysts have rated the stock with a Buy rating, fourteen have issued a Hold rating and one has issued a Sell rating to the company's stock. Based on data from MarketBeat.com, PepsiCo presently has an average rating of "Hold" and an average price target of $158.60.

PepsiCo Price Performance

PEP stock traded down $0.50 during trading on Thursday, reaching $140.73. 6,100,643 shares of the company were exchanged, compared to its average volume of 7,799,139. The company has a market cap of $192.67 billion, a P/E ratio of 25.63, a PEG ratio of 3.57 and a beta of 0.46. PepsiCo, Inc. has a 52-week low of $127.60 and a 52-week high of $177.50. The stock's 50 day moving average price is $144.26 and its 200 day moving average price is $140.25. The company has a debt-to-equity ratio of 2.12, a quick ratio of 0.60 and a current ratio of 0.78.

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

PepsiCo Announces Dividend

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

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.