PepsiCo, Inc. $PEP Shares Purchased by Banque Transatlantique SA

Key Points

• Banque Transatlantique SA significantly increased its stake in PepsiCo, acquiring 1,749 additional shares and bringing its total holdings to 1,819 shares, valued at approximately $252,000.
• PepsiCo recently announced a quarterly dividend of $1.4225 per share, with an annualized yield of 3.9%, despite a high payout ratio of 103.64%.
• Wall Street analysts maintain a mixed outlook on PepsiCo, with a consensus price target of $158.60 and a majority rating it as "Hold" while some analysts have upgraded their price targets.

Banque Transatlantique SA lifted its position in PepsiCo, Inc. (NASDAQ:PEP - Free Report) by 2,498.6% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,819 shares of the company's stock after acquiring an additional 1,749 shares during the period. Banque Transatlantique SA's holdings in PepsiCo were worth $252,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also recently made changes to their positions in PEP. Elite Financial Inc. purchased a new position in PepsiCo during the first quarter worth approximately $28,000. Measured Risk Portfolios Inc. purchased a new position in PepsiCo during the fourth quarter worth approximately $31,000. Sunbeam Capital Management LLC purchased a new position in PepsiCo during the fourth quarter worth approximately $47,000. MorganRosel Wealth Management LLC purchased a new position in PepsiCo during the first quarter worth approximately $55,000. Finally, Migdal Insurance & Financial Holdings Ltd. purchased a new position in PepsiCo during the first quarter worth approximately $58,000. 73.07% of the stock is owned by institutional investors and hedge funds.

PepsiCo Trading Down 0.3%

NASDAQ:PEP traded down $0.50 on Friday, reaching $146.39. The company's stock had a trading volume of 7,185,531 shares, compared to its average volume of 8,131,284. The company has a quick ratio of 0.60, a current ratio of 0.78 and a debt-to-equity ratio of 2.12. The firm has a market cap of $200.42 billion, a price-to-earnings ratio of 26.66, a price-to-earnings-growth ratio of 3.70 and a beta of 0.46. PepsiCo, Inc. has a 12-month low of $127.60 and a 12-month high of $179.43. The stock has a 50 day moving average price of $143.00 and a 200 day moving average price of $140.81.

PepsiCo (NASDAQ:PEP - Get Free Report) last posted its quarterly earnings data on Thursday, July 17th. The company reported $2.12 earnings per share (EPS) for the quarter, beating the consensus estimate 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 return on equity of 57.81% and a net margin of 8.23%.The company's quarterly revenue was up 1.0% compared to the same quarter last year. During the same quarter in the previous year, the business earned $2.28 EPS. PepsiCo has set its FY 2025 guidance at 8.038-8.038 EPS. On average, equities analysts anticipate that PepsiCo, Inc. will post 8.3 EPS for the current fiscal year.

PepsiCo Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 30th. Investors of record on Friday, September 5th will be issued a $1.4225 dividend. This represents a $5.69 annualized dividend and a dividend yield of 3.9%. The ex-dividend date is Friday, September 5th. PepsiCo's payout ratio is currently 103.64%.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on PEP shares. Barclays lifted their price objective on PepsiCo from $132.00 to $144.00 and gave the stock an "equal weight" rating in a research report on Monday, July 21st. Deutsche Bank Aktiengesellschaft reiterated a "buy" rating on shares of PepsiCo in a research report on Thursday, July 17th. JPMorgan Chase & Co. reduced their target price on PepsiCo from $150.00 to $139.00 and set a "neutral" rating on the stock in a research report on Thursday, July 10th. Bank of America reduced their target price on PepsiCo from $150.00 to $145.00 and set a "neutral" rating on the stock in a research report on Friday, July 11th. Finally, Citigroup lifted their target price on PepsiCo from $160.00 to $168.00 and gave the company a "buy" rating in a research report on Friday, July 18th. Four equities research 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. Based on data from MarketBeat, PepsiCo currently has an average rating of "Hold" and a consensus price target of $158.60.

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.