Advisors Capital Management LLC Acquires 20,549 Shares of PepsiCo, Inc. $PEP

Key Points

• Advisors Capital Management LLC increased its position in PepsiCo by 13.8% during Q1, acquiring an additional 20,549 shares, bringing its total holdings to 169,237 shares valued at approximately $25.38 million.
• PepsiCo reported an EPS of $2.12 for the last quarter, surpassing analyst expectations of $2.03, with revenue reaching $22.73 billion, a 1% increase year-over-year.
• The company announced a quarterly dividend of $1.4225 per share, which equates to an annualized dividend of $5.69 and a yield of 4.0%.

Advisors Capital Management LLC increased its position in shares of PepsiCo, Inc. (NASDAQ:PEP - Free Report) by 13.8% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 169,237 shares of the company's stock after purchasing an additional 20,549 shares during the period. Advisors Capital Management LLC's holdings in PepsiCo were worth $25,376,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of the company. Legacy Financial Group LLC raised its position in shares of PepsiCo by 4.9% during the 1st quarter. Legacy Financial Group LLC now owns 1,514 shares of the company's stock valued at $227,000 after purchasing an additional 71 shares during the period. Pflug Koory LLC raised its position in shares of PepsiCo by 1.0% during the 1st quarter. Pflug Koory LLC now owns 7,750 shares of the company's stock valued at $1,162,000 after purchasing an additional 76 shares during the period. Hoge Financial Services LLC raised its position in shares of PepsiCo by 2.1% during the 1st quarter. Hoge Financial Services LLC now owns 3,633 shares of the company's stock valued at $545,000 after purchasing an additional 76 shares during the period. Members Trust Co raised its position in shares of PepsiCo by 1.3% during the 1st quarter. Members Trust Co now owns 5,941 shares of the company's stock valued at $891,000 after purchasing an additional 77 shares during the period. Finally, Rothschild Investment LLC raised its position in shares of PepsiCo by 0.5% during the 1st quarter. Rothschild Investment LLC now owns 15,873 shares of the company's stock valued at $2,380,000 after purchasing an additional 78 shares during the period. 73.07% of the stock is currently owned by institutional investors.

PepsiCo Stock Performance

PepsiCo stock opened at $142.66 on Thursday. The company's 50-day moving average price is $143.47 and its 200-day moving average price is $140.75. PepsiCo, Inc. has a twelve month low of $127.60 and a twelve month high of $179.43. The company has a quick ratio of 0.60, a current ratio of 0.78 and a debt-to-equity ratio of 2.12. The company has a market cap of $195.31 billion, a PE ratio of 25.99, a price-to-earnings-growth ratio of 3.62 and a beta of 0.46.

PepsiCo (NASDAQ:PEP - Get Free Report) last released its quarterly earnings results on Thursday, July 17th. The company reported $2.12 EPS for the quarter, topping analysts' consensus estimates of $2.03 by $0.09. PepsiCo had a net margin of 8.23% and a return on equity of 57.81%. The firm had revenue of $22.73 billion during the quarter, compared to analysts' expectations of $22.28 billion. During the same period in the previous year, the company earned $2.28 EPS. The firm's revenue for the quarter 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 research analysts forecast that PepsiCo, Inc. will post 8.3 EPS for the current fiscal year.

PepsiCo Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, September 30th. Investors of record on Friday, September 5th will be paid 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 dividend yield of 4.0%. PepsiCo's payout ratio is currently 103.64%.

Analysts Set New Price Targets

Several equities analysts recently weighed in on PEP shares. Wells Fargo & Company raised their target price on shares of PepsiCo from $140.00 to $154.00 and gave the company an "equal weight" rating in a research note 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 report on Friday, July 18th. JPMorgan Chase & Co. reduced their price target on shares of PepsiCo from $150.00 to $139.00 and set a "neutral" rating on the stock in a report on Thursday, July 10th. Cowen reiterated a "hold" rating on shares of PepsiCo in a report on Thursday, July 17th. Finally, Deutsche Bank Aktiengesellschaft reiterated a "buy" rating on shares of PepsiCo in a report on Thursday, July 17th. Four analysts have rated the stock with a Buy rating, fourteen have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, PepsiCo currently has a consensus rating of "Hold" and an average price target 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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