Birch Hill Investment Advisors LLC Raises Holdings in PepsiCo, Inc. $PEP

Key Points

• Birch Hill Investment Advisors LLC increased its holdings in PepsiCo by 134.6% in the second quarter, owning a total of 160,390 shares worth approximately $21.2 million.
• PepsiCo's stock trades at around $153.18 and has a market cap of $209.45 billion, with a PE ratio of 29.12.
• PepsiCo recently announced a quarterly dividend of $1.4225 per share, yielding 3.7% annually, although its dividend payout ratio stands at 108.17%.

Birch Hill Investment Advisors LLC increased its holdings in PepsiCo, Inc. (NASDAQ:PEP - Free Report) by 134.6% in the 2nd quarter, according to its most recent disclosure with the SEC. The firm owned 160,390 shares of the company's stock after acquiring an additional 92,026 shares during the period. Birch Hill Investment Advisors LLC's holdings in PepsiCo were worth $21,178,000 at the end of the most recent quarter.

Several other hedge funds also recently added to or reduced their stakes in the business. Brighton Jones LLC lifted its stake in PepsiCo by 12.4% during the fourth quarter. Brighton Jones LLC now owns 59,392 shares of the company's stock worth $9,031,000 after purchasing an additional 6,574 shares in the last quarter. GAMMA Investing LLC lifted its stake in PepsiCo by 28.1% during the first quarter. GAMMA Investing LLC now owns 30,603 shares of the company's stock worth $4,589,000 after purchasing an additional 6,712 shares in the last quarter. Continuum Advisory LLC lifted its stake in PepsiCo by 6.9% during the first quarter. Continuum Advisory LLC now owns 6,150 shares of the company's stock worth $922,000 after purchasing an additional 397 shares in the last quarter. Valmark Advisers Inc. lifted its stake in PepsiCo by 4.0% during the first quarter. Valmark Advisers Inc. now owns 18,526 shares of the company's stock worth $2,778,000 after purchasing an additional 708 shares in the last quarter. Finally, Asset Management One Co. Ltd. lifted its stake in PepsiCo by 3.6% during the first quarter. Asset Management One Co. Ltd. now owns 630,906 shares of the company's stock worth $94,598,000 after purchasing an additional 21,859 shares in the last quarter. 73.07% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on PEP. Bank of America increased their price objective on PepsiCo from $150.00 to $155.00 and gave the company a "neutral" rating in a research note on Friday, October 10th. UBS Group reduced 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. Weiss Ratings reiterated a "hold (c)" rating on shares of PepsiCo in a research note on Tuesday, October 14th. Wells Fargo & Company increased their price objective on PepsiCo from $150.00 to $154.00 and gave the company a "positive" rating in a research note on Friday, October 10th. Finally, The Goldman Sachs Group increased their price objective on PepsiCo from $165.00 to $167.00 and gave the company a "buy" rating in a research note on Friday, October 10th. Seven research 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. Based on data from MarketBeat, the stock presently has an average rating of "Hold" and an average target price of $156.58.

PepsiCo Stock Down 0.3%

PepsiCo stock opened at $153.18 on Wednesday. PepsiCo, Inc. has a 1-year low of $127.60 and a 1-year high of $174.95. The company has a debt-to-equity ratio of 2.26, a current ratio of 0.91 and a quick ratio of 0.72. The stock has a market cap of $209.45 billion, a PE ratio of 29.12, a P/E/G ratio of 3.74 and a beta of 0.46. The stock's fifty day moving average is $145.82 and its two-hundred day moving average is $139.39.

PepsiCo (NASDAQ:PEP - Get Free Report) last posted its quarterly earnings results on Thursday, October 9th. The company reported $2.29 earnings per share for the quarter, beating analysts' consensus estimates of $2.26 by $0.03. PepsiCo had a return on equity of 57.58% and a net margin of 7.82%.The company had revenue of $23.94 billion for the quarter, compared to analysts' expectations of $23.91 billion. During the same period last year, the firm earned $2.31 earnings per share. PepsiCo's quarterly revenue was up 2.7% on a year-over-year basis. PepsiCo has set its FY 2025 guidance at 8.120-8.120 EPS. On average, sell-side analysts expect that PepsiCo, Inc. will post 8.3 EPS for the current fiscal year.

PepsiCo Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, September 30th. Shareholders of record on Friday, September 5th were issued a dividend of $1.4225 per share. The ex-dividend date of this dividend was Friday, September 5th. This represents a $5.69 annualized dividend and a dividend yield of 3.7%. PepsiCo's dividend payout ratio (DPR) is presently 108.17%.

About PepsiCo

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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