Belmont Capital LLC Invests $329,000 in PepsiCo, Inc. $PEP

Key Points

• Belmont Capital LLC invested $329,000 in PepsiCo, purchasing 2,193 shares during the first quarter, indicating growing institutional interest in the company.
• Recent analysis shows an average price target of $158.73 for PepsiCo, with various ratings from different analysts, including four "Buy" ratings and one "Sell" rating.
• PepsiCo announced a quarterly dividend of $1.4225 per share, equating to an annual yield of 3.8%, highlighting the company's commitment to returning value to shareholders.

Belmont Capital LLC purchased a new position in shares of PepsiCo, Inc. (NASDAQ:PEP - Free Report) in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 2,193 shares of the company's stock, valued at approximately $329,000.

Several other institutional investors also recently modified their holdings of the stock. Legacy Financial Group LLC increased its holdings in shares of PepsiCo by 4.9% during the first quarter. Legacy Financial Group LLC now owns 1,514 shares of the company's stock worth $227,000 after buying an additional 71 shares in the last quarter. Pflug Koory LLC increased its holdings in shares of PepsiCo by 1.0% during the first quarter. Pflug Koory LLC now owns 7,750 shares of the company's stock worth $1,162,000 after buying an additional 76 shares in the last quarter. Hoge Financial Services LLC increased its holdings in PepsiCo by 2.1% in the first quarter. Hoge Financial Services LLC now owns 3,633 shares of the company's stock valued at $545,000 after purchasing an additional 76 shares during the period. Members Trust Co increased its holdings in PepsiCo by 1.3% in the first quarter. Members Trust Co now owns 5,941 shares of the company's stock valued at $891,000 after purchasing an additional 77 shares during the period. Finally, Fairview Capital Investment Management LLC increased its holdings in PepsiCo by 2.3% in the fourth quarter. Fairview Capital Investment Management LLC now owns 3,526 shares of the company's stock valued at $536,000 after purchasing an additional 78 shares during the period. 73.07% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research firms recently weighed in on PEP. Citigroup increased 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. Dbs Bank cut shares of PepsiCo from a "strong-buy" rating to a "hold" rating in a research report on Friday, May 9th. Morgan Stanley upped their price target 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. Bank of America cut their price target on shares of PepsiCo from $150.00 to $145.00 and set a "neutral" rating on the stock in a research report on Friday, July 11th. Finally, JPMorgan Chase & Co. cut 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 analysts have rated the stock with a Buy rating, fourteen have assigned a Hold rating and one has assigned a Sell rating to the company's stock. Based on data from MarketBeat, the company presently has an average rating of "Hold" and an average price target of $158.73.

PepsiCo Price Performance

PEP stock opened at $150.28 on Wednesday. The stock has a market capitalization of $205.75 billion, a PE ratio of 27.37, a price-to-earnings-growth ratio of 3.96 and a beta of 0.46. The company's 50-day moving average is $141.91 and its 200-day moving average is $140.80. The company has a debt-to-equity ratio of 2.12, a current ratio of 0.78 and a quick ratio of 0.60. PepsiCo, Inc. has a 1 year low of $127.60 and a 1 year high of $179.73.

PepsiCo (NASDAQ:PEP - Get Free Report) last released its quarterly earnings data 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 company had revenue of $22.73 billion for the quarter, compared to analysts' expectations of $22.28 billion. PepsiCo had a net margin of 8.23% and a return on equity of 57.81%. The business's revenue was up 1.0% on a year-over-year basis. During the same quarter in the prior year, the firm earned $2.28 EPS. PepsiCo has set its FY 2025 guidance at 8.038-8.038 EPS. Equities research analysts expect that PepsiCo, Inc. will post 8.3 EPS for the current fiscal year.

PepsiCo Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, September 30th. Investors of record on Friday, September 5th will be given a $1.4225 dividend. The ex-dividend date of this dividend is Friday, September 5th. This represents a $5.69 annualized dividend and a yield of 3.8%. PepsiCo's dividend payout ratio (DPR) is presently 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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