PepsiCo, Inc. $PEP Shares Bought by Bell Bank

Key Points

• Bell Bank significantly increased its stake in PepsiCo by 2,002.5% in Q2, acquiring 61,996 additional shares, bringing its total to 65,092 shares valued at approximately $8.6 million.
• Several institutions, including Brighton Jones LLC and Voloridge Investment Management LLC, have also raised or established their positions in PepsiCo, highlighting strong institutional interest in the stock.
• PepsiCo recently announced a quarterly dividend of $1.4225, representing a yield of 4.0%, although the company has a payout ratio exceeding 100%, indicating a high portion of earnings being returned to shareholders.

Bell Bank lifted its position in PepsiCo, Inc. (NASDAQ:PEP - Free Report) by 2,002.5% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 65,092 shares of the company's stock after buying an additional 61,996 shares during the quarter. Bell Bank's holdings in PepsiCo were worth $8,595,000 as of its most recent SEC filing.

Several other hedge funds have also added to or reduced their stakes in PEP. Brighton Jones LLC lifted its holdings 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 during the last quarter. Bank Pictet & Cie Europe AG grew its position in PepsiCo by 2.5% in the fourth 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 last quarter. Woodline Partners LP bought a new stake in shares of PepsiCo during the fourth quarter worth about $9,716,000. Voloridge Investment Management LLC bought a new stake in shares of PepsiCo during the fourth quarter worth about $22,189,000. Finally, 49 Wealth Management LLC lifted its stake in shares of PepsiCo by 26.7% in the fourth quarter. 49 Wealth Management LLC now owns 1,929 shares of the company's stock worth $293,000 after acquiring an additional 406 shares during the period. Institutional investors and hedge funds own 73.07% of the company's stock.

PepsiCo Price Performance

PepsiCo stock traded down $0.16 during midday trading on Tuesday, reaching $140.87. 1,312,328 shares of the stock traded hands, compared to its average volume of 8,429,107. The stock's fifty day moving average is $144.50 and its 200-day moving average is $139.87. PepsiCo, Inc. has a 12 month low of $127.60 and a 12 month high of $177.50. The stock has a market cap of $192.86 billion, a P/E ratio of 25.61, a PEG ratio of 3.58 and a beta of 0.46. 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 (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. PepsiCo had a return on equity of 57.81% and a net margin of 8.23%.The business had revenue of $22.73 billion during the quarter, compared to analyst estimates of $22.28 billion. During the same period last year, the company earned $2.28 EPS. The company's revenue for the quarter was up 1.0% on a year-over-year basis. PepsiCo has set its FY 2025 guidance at 8.038-8.038 EPS. As a group, equities research analysts anticipate that PepsiCo, Inc. will post 8.3 EPS for the current year.

PepsiCo Dividend Announcement

The firm also recently announced 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. This represents a $5.69 annualized dividend and a yield of 4.0%. The ex-dividend date is Friday, September 5th. PepsiCo's payout ratio is 103.64%.

Analyst Upgrades and Downgrades

A number of research firms recently commented on PEP. UBS Group cut their price objective on PepsiCo from $175.00 to $170.00 and set a "buy" rating on the stock in a research note on Thursday, September 11th. Citigroup boosted their price objective on PepsiCo from $160.00 to $168.00 and gave the company a "buy" rating in a report on Friday, July 18th. Deutsche Bank Aktiengesellschaft reiterated a "buy" rating on shares of PepsiCo in a report on Thursday, July 17th. Barclays upped their price objective on PepsiCo from $132.00 to $144.00 and gave the company an "equal weight" rating in a research note on Monday, July 21st. Finally, Bank of America dropped their price target on PepsiCo from $150.00 to $145.00 and set a "neutral" rating on the stock in a research report on Friday, July 11th. Four investment analysts have rated the stock with a Buy rating, fourteen have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the stock presently has a consensus 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.