Alta Capital Management LLC Grows Stock Holdings in PepsiCo, Inc. $PEP

Key Points

• Alta Capital Management LLC increased its stake in PepsiCo, Inc. by 10.1%, owning a total of 24,314 shares valued at approximately $3.21 million.
• Over 73% of PepsiCo stock is held by institutional investors, including Vanguard Group and Charles Schwab, which have also raised their stakes recently.
• Analysts have a consensus rating of "Hold" on PepsiCo, with a target price of $156.00, while the stock's recent earnings exceeded analyst expectations.

Alta Capital Management LLC boosted its position in PepsiCo, Inc. (NASDAQ:PEP - Free Report) by 10.1% in the 2nd quarter, according to its most recent filing with the SEC. The firm owned 24,314 shares of the company's stock after acquiring an additional 2,222 shares during the period. Alta Capital Management LLC's holdings in PepsiCo were worth $3,210,000 at the end of the most recent reporting period.

Several other institutional investors also recently made changes to their positions in the stock. Vanguard Group Inc. grew its stake in shares of PepsiCo by 1.4% during the 1st quarter. Vanguard Group Inc. now owns 135,174,252 shares of the company's stock valued at $20,268,027,000 after buying an additional 1,802,748 shares during the period. Charles Schwab Investment Management Inc. grew its stake in shares of PepsiCo by 5.0% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 26,475,241 shares of the company's stock valued at $3,969,698,000 after buying an additional 1,258,198 shares during the period. Bank of New York Mellon Corp grew its stake in shares of PepsiCo by 0.4% during the 1st quarter. Bank of New York Mellon Corp now owns 14,062,857 shares of the company's stock valued at $2,108,585,000 after buying an additional 49,699 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its stake in shares of PepsiCo by 1.8% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 11,525,812 shares of the company's stock valued at $1,728,180,000 after buying an additional 208,292 shares during the period. Finally, Invesco Ltd. grew its stake in shares of PepsiCo by 4.5% during the 1st quarter. Invesco Ltd. now owns 11,328,158 shares of the company's stock valued at $1,698,544,000 after buying an additional 491,894 shares during the period. 73.07% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several analysts have recently issued reports on PEP shares. Wells Fargo & Company boosted their price objective on shares of PepsiCo from $150.00 to $154.00 and gave the company a "positive" rating in a research note on Friday, October 10th. Barclays lifted their target price on shares of PepsiCo from $140.00 to $142.00 and gave the company an "equal weight" rating in a report on Friday, October 10th. Evercore ISI lifted their target price on shares of PepsiCo from $150.00 to $152.00 in a report on Friday, October 10th. Citigroup reduced their target price on shares of PepsiCo from $168.00 to $165.00 and set a "buy" rating on the stock in a report on Thursday, September 25th. Finally, Cowen restated a "hold" rating on shares of PepsiCo in a report on Thursday, July 17th. Six equities 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 stock. According to MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus target price of $156.00.

PepsiCo Stock Performance

Shares of PEP stock opened at $151.16 on Thursday. PepsiCo, Inc. has a 12 month low of $127.60 and a 12 month high of $177.50. The company has a debt-to-equity ratio of 2.26, a current ratio of 0.91 and a quick ratio of 0.72. The firm has a market capitalization of $206.69 billion, a P/E ratio of 28.74, a P/E/G ratio of 3.69 and a beta of 0.46. The company's fifty day moving average price is $145.17 and its two-hundred day moving average price is $139.35.

PepsiCo (NASDAQ:PEP - Get Free Report) last issued its quarterly earnings data on Thursday, October 9th. The company reported $2.29 EPS for the quarter, topping analysts' consensus estimates of $2.26 by $0.03. PepsiCo had a net margin of 7.82% and a return on equity of 57.58%. The firm had revenue of $23.94 billion for the quarter, compared to analyst estimates of $23.91 billion. During the same quarter in the previous year, the business posted $2.31 EPS. The firm's revenue was up 2.7% compared to the same quarter last year. PepsiCo has set its FY 2025 guidance at 8.120-8.120 EPS. On average, research analysts anticipate that PepsiCo, Inc. will post 8.3 earnings per share for the current fiscal year.

PepsiCo Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, September 30th. Shareholders of record on Friday, September 5th were issued a $1.4225 dividend. The ex-dividend date was Friday, September 5th. This represents a $5.69 dividend on an annualized basis and a yield of 3.8%. PepsiCo's payout ratio is currently 108.17%.

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.

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