Nearwater Capital Markets Ltd Makes New $13.50 Million Investment in PepsiCo, Inc. $PEP

Key Points

• Nearwater Capital Markets Ltd acquired 90,000 shares of PepsiCo, Inc. valued at approximately $13,495,000 in the first quarter.
• PepsiCo reported earnings of $2.12 per share for the last quarter, exceeding analysts' expectations, and recorded a revenue of $22.73 billion.
• The company is set to pay a quarterly dividend of $1.4225 per share on September 30th, reflecting a 3.9% dividend yield.

Nearwater Capital Markets Ltd acquired a new stake in PepsiCo, Inc. (NASDAQ:PEP - Free Report) in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 90,000 shares of the company's stock, valued at approximately $13,495,000.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the stock. Legacy Financial Group LLC lifted its holdings in PepsiCo by 4.9% during the 1st quarter. Legacy Financial Group LLC now owns 1,514 shares of the company's stock worth $227,000 after buying an additional 71 shares during the period. Pflug Koory LLC lifted its holdings in PepsiCo by 1.0% during the 1st quarter. Pflug Koory LLC now owns 7,750 shares of the company's stock worth $1,162,000 after buying an additional 76 shares during the period. Hoge Financial Services LLC raised its position in shares of PepsiCo by 2.1% in the 1st quarter. Hoge Financial Services LLC now owns 3,633 shares of the company's stock worth $545,000 after acquiring an additional 76 shares in the last quarter. Members Trust Co raised its position in shares of PepsiCo by 1.3% in the 1st quarter. Members Trust Co now owns 5,941 shares of the company's stock worth $891,000 after acquiring an additional 77 shares in the last quarter. Finally, Fairview Capital Investment Management LLC raised its position in shares of PepsiCo by 2.3% in the 4th quarter. Fairview Capital Investment Management LLC now owns 3,526 shares of the company's stock worth $536,000 after acquiring an additional 78 shares in the last quarter. Institutional investors own 73.07% of the company's stock.

PepsiCo Stock Down 0.3%

PepsiCo stock traded down $0.50 during midday trading on Friday, reaching $146.39. The stock had a trading volume of 7,185,531 shares, compared to its average volume of 8,131,284. PepsiCo, Inc. has a 12 month low of $127.60 and a 12 month high of $179.43. The company has a market capitalization of $200.42 billion, a P/E ratio of 26.66, a PEG ratio of 3.70 and a beta of 0.46. The company has a fifty day moving average price of $143.00 and a two-hundred day moving average price of $140.81. The company has a current ratio of 0.78, a quick ratio of 0.60 and a debt-to-equity ratio of 2.12.

PepsiCo (NASDAQ:PEP - Get Free Report) last issued its earnings results on Thursday, July 17th. The company reported $2.12 EPS 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 business had revenue of $22.73 billion during the quarter, compared to analyst estimates of $22.28 billion. During the same period in the previous year, the company posted $2.28 EPS. The firm'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. As a group, equities analysts expect that PepsiCo, Inc. will post 8.3 EPS for the current fiscal year.

PepsiCo Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 30th. Shareholders of record on Friday, September 5th will be issued a dividend of $1.4225 per share. This represents a $5.69 dividend on an annualized basis and a yield of 3.9%. The ex-dividend date of this dividend is Friday, September 5th. PepsiCo's payout ratio is currently 103.64%.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on the company. Citigroup lifted their price objective on PepsiCo from $160.00 to $168.00 and gave the stock a "buy" rating in a research report on Friday, July 18th. Bank of America lowered their price objective 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 lifted their price objective on PepsiCo from $153.00 to $165.00 and gave the stock an "equal weight" rating in a research report on Friday, July 18th. Barclays lifted their price objective on PepsiCo from $132.00 to $144.00 and gave the stock an "equal weight" rating in a research report on Monday, July 21st. Finally, Cowen reissued a "hold" rating on shares of PepsiCo in a research report on Thursday, July 17th. Four analysts have rated the stock with a Buy rating, fourteen have given a Hold rating and one has assigned a Sell rating to the company's stock. Based on data from MarketBeat, the stock currently 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.