Alliancebernstein L.P. Has $351.27 Million Stock Holdings in PepsiCo, Inc. $PEP

Key Points

• Alliancebernstein L.P. raised its position in PepsiCo by 19.6%, owning 2,342,727 shares worth approximately $351.27 million as of its recent SEC filing.
• PepsiCo's stock has shown a year-over-year revenue increase of 1.0% with a quarterly earnings report exceeding estimates, posting $2.12 earnings per share.
• The company declared a quarterly dividend of $1.4225 per share, representing an annualized yield of 3.8%, with a payout ratio of 103.64%.

Alliancebernstein L.P. lifted its holdings in PepsiCo, Inc. (NASDAQ:PEP - Free Report) by 19.6% during the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 2,342,727 shares of the company's stock after purchasing an additional 383,287 shares during the period. Alliancebernstein L.P. owned 0.17% of PepsiCo worth $351,268,000 as of its most recent filing with the SEC.

A number of other institutional investors have also made changes to their positions in the business. Legacy Financial Group LLC lifted its position in shares of PepsiCo by 4.9% during the first quarter. Legacy Financial Group LLC now owns 1,514 shares of the company's stock worth $227,000 after purchasing an additional 71 shares during the last quarter. Pflug Koory LLC increased its holdings in shares of PepsiCo by 1.0% in the 1st quarter. Pflug Koory LLC now owns 7,750 shares of the company's stock worth $1,162,000 after acquiring an additional 76 shares during the period. Hoge Financial Services LLC increased its stake in 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 buying an additional 76 shares during the period. Members Trust Co increased its stake in 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 buying an additional 77 shares during the period. Finally, Fairview Capital Investment Management LLC increased its stake in PepsiCo by 2.3% during the 4th quarter. Fairview Capital Investment Management LLC now owns 3,526 shares of the company's stock valued at $536,000 after buying an additional 78 shares during the period. 73.07% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several equities analysts have commented on the stock. Bank of America lowered their target price on shares of PepsiCo from $150.00 to $145.00 and set a "neutral" rating on the stock in a research note on Friday, July 11th. Royal Bank Of Canada reissued a "sector perform" rating and set a $146.00 target price on shares of PepsiCo in a research note on Wednesday. Citigroup increased their target price 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. Cowen reissued a "hold" rating on shares of PepsiCo in a research note on Thursday, July 17th. Finally, Barclays raised their target price on shares of PepsiCo from $132.00 to $144.00 and gave the stock an "equal weight" rating in a report on Monday, July 21st. Four analysts have rated the stock with a Buy rating, fourteen have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, PepsiCo currently has an average rating of "Hold" and an average price target of $158.60.

PepsiCo Stock Down 0.3%

PEP stock traded down $0.50 during midday trading on Friday, reaching $146.39. The company had a trading volume of 7,185,531 shares, compared to its average volume of 8,037,725. The company has a current ratio of 0.78, a quick ratio of 0.60 and a debt-to-equity ratio of 2.12. 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 50 day moving average of $143.00 and a two-hundred day moving average of $140.86. PepsiCo, Inc. has a 1 year low of $127.60 and a 1 year high of $179.43.

PepsiCo (NASDAQ:PEP - Get Free Report) last issued its quarterly earnings data on Thursday, July 17th. The company reported $2.12 earnings per share 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 business 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 earnings per share. PepsiCo's revenue for the quarter 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 expect that PepsiCo, Inc. will post 8.3 earnings per share for the current fiscal year.

PepsiCo Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 30th. Stockholders of record on Friday, September 5th will be issued a $1.4225 dividend. The ex-dividend date of this dividend is Friday, September 5th. This represents a $5.69 annualized dividend and a dividend yield of 3.9%. PepsiCo's dividend payout ratio is presently 103.64%.

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.