Aptus Capital Advisors LLC Increases Stake in PepsiCo, Inc. $PEP

Key Points

• Aptus Capital Advisors LLC increased its stake in PepsiCo by 216.7%, acquiring a total of 213,677 shares valued at approximately $32.04 million as per their latest SEC filing.
• Multiple hedge funds have made significant investments in PepsiCo, with Nuveen LLC purchasing a stake worth about $946.98 million and GAMMA Investing LLC increasing its holdings by 19,106.5%.
• PepsiCo has declared a quarterly dividend of $1.4225 to be paid on September 30th, representing an annual yield of 3.8%, despite a payout ratio exceeding 100%.

Aptus Capital Advisors LLC lifted its holdings in PepsiCo, Inc. (NASDAQ:PEP - Free Report) by 216.7% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 213,677 shares of the company's stock after buying an additional 146,204 shares during the quarter. Aptus Capital Advisors LLC's holdings in PepsiCo were worth $32,039,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. Brighton Jones LLC lifted its stake in PepsiCo by 12.4% during the 4th quarter. Brighton Jones LLC now owns 59,392 shares of the company's stock valued at $9,031,000 after acquiring an additional 6,574 shares during the period. Bank Pictet & Cie Europe AG lifted its stake in PepsiCo by 2.5% during the 4th quarter. Bank Pictet & Cie Europe AG now owns 470,387 shares of the company's stock valued at $71,527,000 after acquiring an additional 11,538 shares during the period. First Trust Advisors LP lifted its stake in PepsiCo by 8.9% during the 4th quarter. First Trust Advisors LP now owns 1,682,445 shares of the company's stock valued at $255,833,000 after acquiring an additional 137,736 shares during the period. Mirabella Financial Services LLP bought a new position in PepsiCo during the 4th quarter valued at about $3,063,000. Finally, Transce3nd LLC bought a new position in PepsiCo during the 4th quarter valued at about $633,000. 73.07% of the stock is owned by hedge funds and other institutional investors.

PepsiCo Stock Performance

PepsiCo stock traded up $2.61 during midday trading on Tuesday, hitting $152.16. The stock had a trading volume of 8,593,550 shares, compared to its average volume of 7,820,128. The firm's fifty day moving average is $138.19 and its two-hundred day moving average is $140.56. The company has a market capitalization of $208.32 billion, a PE ratio of 27.72, a P/E/G ratio of 3.98 and a beta of 0.45. PepsiCo, Inc. has a 52-week low of $127.60 and a 52-week high of $179.73. 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 released its earnings results on Thursday, July 17th. The company reported $2.12 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.03 by $0.09. The company had revenue of $22.73 billion during the quarter, compared to analyst estimates of $22.28 billion. PepsiCo had a net margin of 8.23% and a return on equity of 57.81%. The firm's quarterly revenue was up 1.0% compared to the same quarter last year. During the same period in the prior year, the firm posted $2.28 EPS. PepsiCo has set its FY 2025 guidance at 8.038-8.038 EPS. On average, research analysts forecast that PepsiCo, Inc. will post 8.3 EPS for the current 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 3.7%. The ex-dividend date of this dividend is Friday, September 5th. PepsiCo's dividend payout ratio (DPR) is 103.64%.

Analysts Set New Price Targets

Several equities analysts have issued reports on the stock. UBS Group lowered their target price 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. Morgan Stanley increased their price objective on shares of PepsiCo from $153.00 to $165.00 and gave the stock an "equal weight" rating in a research note on Friday, July 18th. Dbs Bank cut shares of PepsiCo from a "strong-buy" rating to a "hold" rating in a research note on Friday, May 9th. Royal Bank Of Canada reiterated a "sector perform" rating and issued a $148.00 price objective on shares of PepsiCo in a research note on Tuesday, June 24th. Finally, Barclays increased their price objective on shares of PepsiCo from $132.00 to $144.00 and gave the stock an "equal weight" rating in a research note on Monday, July 21st. Four analysts have rated the stock with a Buy rating, fourteen have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus target price of $158.73.

PepsiCo Company 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.