Balefire LLC Makes New Investment in PepsiCo, Inc. $PEP

Key Points

• Balefire LLC has invested approximately $322,000 in PepsiCo, acquiring 2,436 shares during the second quarter, reflecting growing interest from institutional investors.
• Analysts are optimistic about PepsiCo's growth, with a consensus target price of $158.60 and multiple brokerages giving it buy or hold ratings.
• PepsiCo recently reported strong quarterly earnings, with an EPS of $2.12, exceeding expectations and revealing a revenue of $22.73 billion.

Balefire LLC purchased a new stake in shares of PepsiCo, Inc. (NASDAQ:PEP - Free Report) during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor purchased 2,436 shares of the company's stock, valued at approximately $322,000.

A number of other institutional investors have also recently made changes to their positions in PEP. Nova Wealth Management Inc. bought a new position in PepsiCo during the first quarter valued at approximately $25,000. Elite Financial Inc. bought a new position in PepsiCo during the first quarter valued at approximately $28,000. Sunbeam Capital Management LLC bought a new position in PepsiCo during the fourth quarter valued at approximately $47,000. MorganRosel Wealth Management LLC bought a new position in PepsiCo during the first quarter valued at approximately $55,000. Finally, Migdal Insurance & Financial Holdings Ltd. bought 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 Analysts Forecast Growth

A number of brokerages recently weighed in on PEP. Citigroup increased their price objective on shares of PepsiCo from $160.00 to $168.00 and gave the company a "buy" rating in a research report on Friday, July 18th. Deutsche Bank Aktiengesellschaft reiterated a "buy" rating on shares of PepsiCo in a research report on Thursday, July 17th. Cowen reiterated a "hold" rating on shares of PepsiCo in a research report on Thursday, July 17th. Barclays increased their price target on shares of PepsiCo from $132.00 to $144.00 and gave the stock an "equal weight" rating in a research report on Monday, July 21st. Finally, JPMorgan Chase & Co. decreased their price target on shares of PepsiCo from $150.00 to $139.00 and set a "neutral" rating on the stock in a research report on Thursday, July 10th. 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 stock. According to MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus target price of $158.60.

PepsiCo Trading Down 0.4%

Shares of PEP stock opened at $140.73 on Friday. PepsiCo, Inc. has a 1 year low of $127.60 and a 1 year high of $177.50. The company has a debt-to-equity ratio of 2.12, a current ratio of 0.78 and a quick ratio of 0.60. The stock's 50 day simple moving average is $144.26 and its two-hundred day simple moving average is $140.25. The company has a market cap of $192.67 billion, a PE ratio of 25.63, a price-to-earnings-growth ratio of 3.57 and a beta of 0.46.

PepsiCo (NASDAQ:PEP - Get Free Report) last released its quarterly earnings results on Thursday, July 17th. The company reported $2.12 EPS for the quarter, topping 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 firm had revenue of $22.73 billion during the quarter, compared to analysts' expectations of $22.28 billion. During the same period in the previous year, the company earned $2.28 EPS. The firm's revenue for the quarter was up 1.0% compared to the same quarter last year. PepsiCo has set its FY 2025 guidance at 8.038-8.038 EPS. Research analysts predict that PepsiCo, Inc. will post 8.3 earnings per share for the current year.

PepsiCo Dividend Announcement

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

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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