Kingstone Capital Partners Texas LLC Makes New $460.11 Million Investment in PepsiCo, Inc. $PEP

Key Points

• Kingstone Capital Partners Texas LLC acquired 3,484,626 shares of PepsiCo, valued at approximately $460.11 million, increasing its ownership to 0.25% as per its latest SEC filing.
• PepsiCo reported $2.12 earnings per share for the last quarter, surpassing analysts' expectations, with a revenue of $22.73 billion and a net margin of 8.23%.
• The company declared a quarterly dividend of $1.4225 per share, resulting in an annual yield of 4.0%, despite a dividend payout ratio currently at 103.64%.

Kingstone Capital Partners Texas LLC purchased a new position in PepsiCo, Inc. (NASDAQ:PEP - Free Report) during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 3,484,626 shares of the company's stock, valued at approximately $460,110,000. Kingstone Capital Partners Texas LLC owned about 0.25% of PepsiCo at the end of the most recent quarter.

Other large investors have also recently made changes to their positions in the company. IFM Investors Pty Ltd grew its stake in PepsiCo by 4.9% during the 2nd quarter. IFM Investors Pty Ltd now owns 264,714 shares of the company's stock valued at $34,953,000 after acquiring an additional 12,435 shares in the last quarter. Perkins Coie Trust Co lifted its holdings in PepsiCo by 0.3% during the 2nd quarter. Perkins Coie Trust Co now owns 32,724 shares of the company's stock worth $4,321,000 after buying an additional 82 shares in the last quarter. Sterling Financial Group Inc. raised its holdings in shares of PepsiCo by 54.7% in the 2nd quarter. Sterling Financial Group Inc. now owns 3,092 shares of the company's stock valued at $408,000 after purchasing an additional 1,093 shares in the last quarter. Oliver Lagore Vanvalin Investment Group acquired a new stake in shares of PepsiCo in the 2nd quarter valued at $914,000. Finally, AHL Investment Management Inc. grew its position in PepsiCo by 1.3% during the 2nd quarter. AHL Investment Management Inc. now owns 10,584 shares of the company's stock worth $1,398,000 after purchasing an additional 140 shares during the last quarter. 73.07% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

PEP has been the subject of several recent analyst reports. 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 research note on Monday, July 21st. Royal Bank Of Canada dropped their target price on shares of PepsiCo from $146.00 to $145.00 and set a "sector perform" rating on the stock in a report on Monday, September 15th. UBS Group lowered their price target on shares of PepsiCo from $175.00 to $170.00 and set a "buy" rating for the company in a research report on Thursday, September 11th. Morgan Stanley raised their price objective 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. Finally, Citigroup upped their price objective on shares of PepsiCo from $160.00 to $168.00 and gave the company a "buy" rating in a research note on Friday, July 18th. Four investment analysts have rated the stock with a Buy rating, fourteen have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the company presently has an average rating of "Hold" and an average price target of $158.60.

PepsiCo Stock Performance

NASDAQ PEP traded up $1.03 on Friday, reaching $141.76. The stock had a trading volume of 12,355,480 shares, compared to its average volume of 7,696,786. 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 firm has a fifty day moving average of $144.39 and a two-hundred day moving average of $140.07. PepsiCo, Inc. has a 1-year low of $127.60 and a 1-year high of $177.50. The company has a market cap of $194.08 billion, a P/E ratio of 25.82, a price-to-earnings-growth ratio of 3.58 and a beta of 0.46.

PepsiCo (NASDAQ:PEP - Get Free Report) last released 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 return on equity of 57.81% and a net margin of 8.23%.The company had revenue of $22.73 billion for the quarter, compared to analyst estimates of $22.28 billion. During the same period in the prior year, the firm posted $2.28 EPS. PepsiCo's quarterly revenue was up 1.0% on a year-over-year basis. PepsiCo has set its FY 2025 guidance at 8.038-8.038 EPS. On average, equities research analysts anticipate that PepsiCo, Inc. will post 8.3 EPS for the current year.

PepsiCo Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 30th. Stockholders of record on Friday, September 5th will be issued a dividend of $1.4225 per share. The ex-dividend date is Friday, September 5th. This represents a $5.69 annualized dividend and a dividend 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.