Alpha Family Trust Acquires New Holdings in PepsiCo, Inc. $PEP

Key Points

• Alpha Family Trust invested approximately $1.16 million in PepsiCo, Inc., acquiring 7,740 shares in the 1st quarter, making it the trust's 23rd largest holding.
• PepsiCo reported $2.12 earnings per share (EPS) for the last quarter, surpassing analyst estimates, and several analysts have set a consensus price target of $158.73 for the stock.
• The company's quarterly dividend of $1.4225 per share is set to be paid on September 30th, providing an annual yield of 3.8%, although the payout ratio stands at 103.64%.

Alpha Family Trust bought a new stake in PepsiCo, Inc. (NASDAQ:PEP - Free Report) during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 7,740 shares of the company's stock, valued at approximately $1,161,000. PepsiCo accounts for about 0.7% of Alpha Family Trust's portfolio, making the stock its 23rd largest holding.

A number of other hedge funds have also made changes to their positions in the business. Nuveen LLC purchased a new stake in PepsiCo during the 1st quarter worth $946,978,000. GAMMA Investing LLC increased its stake in PepsiCo by 19,106.5% during the 1st quarter. GAMMA Investing LLC now owns 4,588,614 shares of the company's stock worth $688,017,000 after buying an additional 4,564,723 shares during the period. Assenagon Asset Management S.A. increased its stake in PepsiCo by 106.1% during the 1st quarter. Assenagon Asset Management S.A. now owns 3,514,965 shares of the company's stock worth $527,034,000 after buying an additional 1,809,391 shares during the period. Vanguard Group Inc. increased its stake in PepsiCo by 1.4% during the 1st quarter. Vanguard Group Inc. now owns 135,174,252 shares of the company's stock worth $20,268,027,000 after buying an additional 1,802,748 shares during the period. Finally, Universal Beteiligungs und Servicegesellschaft mbH purchased a new stake in PepsiCo during the 4th quarter worth $221,297,000. Hedge funds and other institutional investors own 73.07% of the company's stock.

PepsiCo Stock Performance

Shares of NASDAQ PEP traded up $2.61 during midday trading on Tuesday, hitting $152.16. The company's stock had a trading volume of 8,593,550 shares, compared to its average volume of 7,820,128. PepsiCo, Inc. has a 1-year low of $127.60 and a 1-year high of $179.73. The firm's fifty day moving average price is $138.19 and its 200-day moving average price is $140.56. 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 firm has a market cap of $208.32 billion, a P/E ratio of 27.72, a P/E/G ratio of 3.98 and a beta of 0.45.

PepsiCo (NASDAQ:PEP - Get Free Report) last posted its quarterly earnings results on Thursday, July 17th. The company reported $2.12 EPS for the quarter, beating the consensus estimate 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 analyst estimates of $22.28 billion. During the same period in the previous year, the business posted $2.28 EPS. The company's quarterly revenue 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, sell-side analysts forecast that PepsiCo, Inc. will post 8.3 EPS for the current fiscal year.

PepsiCo Announces Dividend

The firm also recently declared 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 3.7%. PepsiCo's payout ratio is 103.64%.

Analyst Ratings Changes

Several equities research analysts recently issued reports on the stock. UBS Group dropped their price target on shares of PepsiCo from $175.00 to $169.00 and set a "buy" rating on the stock in a research note on Friday, April 25th. Evercore ISI set a $140.00 price target on shares of PepsiCo in a research note on Thursday, April 24th. Wells Fargo & Company lifted their price target on shares of PepsiCo from $140.00 to $154.00 and gave the stock an "equal weight" rating in a research note on Friday, July 18th. Royal Bank Of Canada reissued a "sector perform" rating and set a $148.00 price objective on shares of PepsiCo in a report on Tuesday, June 24th. Finally, Dbs Bank lowered shares of PepsiCo from a "strong-buy" rating to a "hold" rating in a report on Friday, May 9th. Four research analysts have rated the stock with a Buy rating, fourteen have issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus price target of $158.73.

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.