3,484,626 Shares in PepsiCo, Inc. $PEP Bought by Kingstone Capital Partners Texas LLC

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 stake 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 institutional investor 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 reporting period.

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

PepsiCo Stock Up 0.7%

Shares of PepsiCo stock traded up $1.03 during midday trading on Friday, hitting $141.76. The company 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 quick ratio of 0.60 and a current ratio of 0.78. The stock has a market capitalization of $194.08 billion, a P/E ratio of 25.82, a P/E/G ratio of 3.58 and a beta of 0.46. The company has a 50 day moving average of $144.39 and a 200 day moving average of $140.07. PepsiCo, Inc. has a 52-week low of $127.60 and a 52-week high of $177.50.

PepsiCo (NASDAQ:PEP - Get Free Report) last posted its quarterly earnings results on Thursday, July 17th. The company reported $2.12 earnings per share 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 the consensus estimate of $22.28 billion. During the same quarter in the prior year, the business posted $2.28 EPS. The firm's quarterly 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, equities analysts predict that PepsiCo, Inc. will post 8.3 earnings per share for the current fiscal year.

PepsiCo Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 30th. Shareholders of record on Friday, September 5th will be paid a dividend of $1.4225 per share. 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 currently 103.64%.

Analyst Upgrades and Downgrades

Several research firms have recently commented on PEP. JPMorgan Chase & Co. dropped their target price on shares of PepsiCo from $150.00 to $139.00 and set a "neutral" rating for the company in a research report on Thursday, July 10th. Deutsche Bank Aktiengesellschaft reissued a "buy" rating on shares of PepsiCo in a research report on Thursday, July 17th. Bank of America decreased their target price on PepsiCo from $150.00 to $145.00 and set a "neutral" rating for the company in a research report on Friday, July 11th. Morgan Stanley increased their target price on PepsiCo from $153.00 to $165.00 and gave the stock an "equal weight" rating in a research report on Friday, July 18th. Finally, Citigroup increased their target price on PepsiCo from $160.00 to $168.00 and gave the stock a "buy" rating in a research report on Friday, July 18th. Four equities research analysts have rated the stock with a Buy rating, fourteen have issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the stock 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.