3,499 Shares in PepsiCo, Inc. $PEP Acquired by Strathmore Capital Advisors Inc.

Key Points

• Strathmore Capital Advisors Inc. acquired 3,499 shares of PepsiCo, valued at approximately $471,000, during the 2nd quarter.
• PepsiCo reported a quarterly revenue of $22.73 billion and earnings per share of $2.12, exceeding analyst estimates.
• The company announced a quarterly dividend of $1.4225, with an annualized dividend yield of 4.0%.

Strathmore Capital Advisors Inc. purchased a new position in shares of PepsiCo, Inc. (NASDAQ:PEP - Free Report) in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 3,499 shares of the company's stock, valued at approximately $471,000.

A number of other institutional investors have also recently added to or reduced their stakes in PEP. Brighton Jones LLC lifted its stake in PepsiCo by 12.4% in the fourth quarter. Brighton Jones LLC now owns 59,392 shares of the company's stock valued at $9,031,000 after acquiring an additional 6,574 shares during the last quarter. Bank Pictet & Cie Europe AG lifted its stake in PepsiCo by 2.5% in the fourth quarter. Bank Pictet & Cie Europe AG now owns 470,387 shares of the company's stock valued at $71,527,000 after acquiring an additional 11,538 shares during the last quarter. Two Sigma Advisers LP acquired a new stake in PepsiCo in the fourth quarter valued at approximately $31,279,000. Twinbeech Capital LP acquired a new stake in PepsiCo in the fourth quarter valued at approximately $1,733,000. Finally, Woodline Partners LP acquired a new stake in PepsiCo in the fourth quarter valued at approximately $9,716,000. 73.07% of the stock is currently owned by institutional investors and hedge funds.

PepsiCo Trading Up 0.9%

Shares of PEP opened at $141.23 on Thursday. The stock has a fifty day moving average price of $144.16 and a two-hundred day moving average price of $140.36. 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 company has a market cap of $193.36 billion, a price-to-earnings ratio of 25.72, a PEG ratio of 3.54 and a beta of 0.46. PepsiCo, Inc. has a 52-week low of $127.60 and a 52-week high of $178.06.

PepsiCo (NASDAQ:PEP - Get Free Report) last announced its earnings results on Thursday, July 17th. The company reported $2.12 earnings per share for the quarter, beating analysts' consensus estimates 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 during the quarter, compared to analyst estimates of $22.28 billion. During the same period last year, the company posted $2.28 earnings per share. 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. Analysts predict that PepsiCo, Inc. will post 8.3 EPS for the current fiscal year.

PepsiCo Announces Dividend

The business 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 $1.4225 dividend. The ex-dividend date of this dividend is Friday, September 5th. This represents a $5.69 dividend on an annualized basis and a dividend yield of 4.0%. PepsiCo's payout ratio is currently 103.64%.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on the stock. UBS Group dropped their price target on shares of PepsiCo from $175.00 to $170.00 and set a "buy" rating on the stock in a research report on Thursday, September 11th. Wells Fargo & Company lifted their price target on shares of PepsiCo from $140.00 to $154.00 and gave the company an "equal weight" rating in a research report on Friday, July 18th. Citigroup lifted their price target on shares of PepsiCo from $160.00 to $168.00 and gave the company a "buy" rating in a research report on Friday, July 18th. Bank of America dropped their price target on shares of PepsiCo from $150.00 to $145.00 and set a "neutral" rating on the stock in a research report on Friday, July 11th. Finally, Barclays lifted their price target on shares of PepsiCo from $132.00 to $144.00 and gave the company an "equal weight" rating in a research report on Monday, July 21st. Four equities research analysts have rated the stock with a Buy rating, fourteen have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the company has a consensus rating of "Hold" and a consensus target price of $158.60.

About PepsiCo

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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