Argent Capital Management LLC Raises Position in PepsiCo, Inc. $PEP

Key Points

• Argent Capital Management LLC increased its holdings in PepsiCo by 2.3%, now owning 137,087 shares valued at approximately $18.1 million.
• PepsiCo's quarterly earnings report showed an EPS of $2.12, exceeding estimates by $0.09, alongside a revenue of $22.73 billion.
• The company's quarterly dividend of $1.4225 per share represents an annualized dividend of $5.69 and a yield of 4.0%.

Argent Capital Management LLC raised its holdings in shares of PepsiCo, Inc. (NASDAQ:PEP - Free Report) by 2.3% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 137,087 shares of the company's stock after acquiring an additional 3,038 shares during the quarter. Argent Capital Management LLC's holdings in PepsiCo were worth $18,101,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also modified their holdings of the company. Nova Wealth Management Inc. purchased a new position in PepsiCo during the first quarter valued at approximately $25,000. Elite Financial Inc. purchased a new position in PepsiCo during the first quarter valued at approximately $28,000. MorganRosel Wealth Management LLC purchased a new position in PepsiCo during the first quarter valued at approximately $55,000. Migdal Insurance & Financial Holdings Ltd. purchased a new position in PepsiCo during the first quarter valued at approximately $58,000. Finally, Greykasell Wealth Strategies Inc. purchased a new position in PepsiCo during the first quarter valued at approximately $58,000. Hedge funds and other institutional investors own 73.07% of the company's stock.

Wall Street Analyst Weigh In

PEP has been the topic of several analyst reports. JPMorgan Chase & Co. lowered 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. Wells Fargo & Company lifted their price objective on shares of PepsiCo from $140.00 to $154.00 and gave the company an "equal weight" rating in a research report on Friday, July 18th. Morgan Stanley lifted their price objective on shares of PepsiCo from $153.00 to $165.00 and gave the company an "equal weight" rating in a research report on Friday, July 18th. Barclays lifted their price objective on shares of PepsiCo from $132.00 to $144.00 and gave the company an "equal weight" rating in a research report on Monday, July 21st. Finally, Deutsche Bank Aktiengesellschaft reiterated a "buy" rating on shares of PepsiCo in a research report on Thursday, July 17th. Four investment analysts have rated the stock with a Buy rating, fourteen have issued a Hold rating and one has given a Sell rating to the company's stock. According to MarketBeat, the company currently has an average rating of "Hold" and an average price target of $158.60.

PepsiCo Trading Down 0.5%

PEP stock opened at $141.03 on Tuesday. The company has a quick ratio of 0.60, a current ratio of 0.78 and a debt-to-equity ratio of 2.12. PepsiCo, Inc. has a twelve month low of $127.60 and a twelve month high of $177.50. The stock has a market capitalization of $193.08 billion, a price-to-earnings ratio of 25.69, a price-to-earnings-growth ratio of 3.58 and a beta of 0.46. The firm's fifty day simple moving average is $144.50 and its two-hundred day simple moving average is $139.87.

PepsiCo (NASDAQ:PEP - Get Free Report) last posted its quarterly earnings data on Thursday, July 17th. The company reported $2.12 earnings per share for the quarter, beating 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 for the quarter, compared to analysts' expectations of $22.28 billion. During the same quarter in the previous year, the business posted $2.28 earnings per share. The business's revenue was up 1.0% compared to the same quarter last year. PepsiCo has set its FY 2025 guidance at 8.038-8.038 EPS. As a group, analysts anticipate that PepsiCo, Inc. will post 8.3 earnings per share for the current year.

PepsiCo Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, September 30th. Stockholders of record on Friday, September 5th will be paid a dividend of $1.4225 per share. This represents a $5.69 dividend on an annualized basis and a dividend yield of 4.0%. The ex-dividend date of this dividend is Friday, September 5th. PepsiCo's payout ratio is currently 103.64%.

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.

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