Aviso Financial Inc. Boosts Stake in PepsiCo, Inc. $PEP

Key Points

• Aviso Financial Inc. increased its holdings in PepsiCo, Inc. by 1.4%, owning a total of 216,303 shares valued at approximately $32.4 million, making PepsiCo its 24th largest investment.
• PepsiCo announced a quarterly dividend of $1.4225 per share, resulting in an annualized yield of 3.8% and a payout ratio of 103.64%.
• Analyst ratings for PepsiCo show a mixed outlook, with consensus ratings of "Hold" and a price target of $158.73, alongside varying price objectives from major financial institutions.

Aviso Financial Inc. raised its stake in shares of PepsiCo, Inc. (NASDAQ:PEP - Free Report) by 1.4% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 216,303 shares of the company's stock after purchasing an additional 3,051 shares during the quarter. PepsiCo comprises 1.6% of Aviso Financial Inc.'s holdings, making the stock its 24th biggest position. Aviso Financial Inc.'s holdings in PepsiCo were worth $32,432,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also bought and sold shares of PEP. Brighton Jones LLC increased 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 purchasing an additional 6,574 shares in the last quarter. Bank Pictet & Cie Europe AG increased 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 purchasing an additional 11,538 shares in the last quarter. First Trust Advisors LP increased 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 purchasing an additional 137,736 shares in the last quarter. Mirabella Financial Services LLP acquired a new position in PepsiCo during the 4th quarter valued at approximately $3,063,000. Finally, Transce3nd LLC acquired a new position in PepsiCo during the 4th quarter valued at approximately $633,000. Institutional investors and hedge funds own 73.07% of the company's stock.

PepsiCo Stock Performance

NASDAQ PEP traded up $2.61 during mid-day trading on Tuesday, reaching $152.16. 8,593,550 shares of the stock were exchanged, compared to its average volume of 7,820,128. The business's 50 day moving average is $138.19 and its 200-day moving average is $140.56. PepsiCo, Inc. has a 1 year low of $127.60 and a 1 year high of $179.73. The company has a market capitalization 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. The company has a debt-to-equity ratio of 2.12, a quick ratio of 0.60 and a current ratio of 0.78.

PepsiCo (NASDAQ:PEP - Get Free Report) last announced its quarterly earnings results on Thursday, July 17th. The company reported $2.12 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $2.03 by $0.09. The firm had revenue of $22.73 billion for the quarter, compared to the consensus estimate 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 earnings per share. PepsiCo has set its FY 2025 guidance at 8.038-8.038 EPS. On average, equities research analysts forecast that PepsiCo, Inc. will post 8.3 EPS for the current fiscal year.

PepsiCo Announces Dividend

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 annualized dividend and a yield of 3.7%. The ex-dividend date of this dividend is Friday, September 5th. PepsiCo's dividend payout ratio (DPR) is presently 103.64%.

Analyst Ratings Changes

PEP has been the topic of a number of research reports. Wells Fargo & Company increased their price objective 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. Cowen reiterated a "hold" rating on shares of PepsiCo in a research note on Thursday, July 17th. 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. Bank of America cut their price objective 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. Finally, 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. Four investment analysts have rated the stock with a Buy rating, fourteen have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the company presently has a consensus rating of "Hold" and a consensus price target 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.