Blue Rock Wealth Management LLC Makes New $326,000 Investment in PepsiCo, Inc. $PEP

Key Points

• Blue Rock Wealth Management LLC invested approximately $326,000 in PepsiCo, purchasing 2,174 shares during the first quarter of the year.
• PepsiCo's stock has a market cap of $195.91 billion, with a twelve-month low of $127.60 and a high of $179.43, and analysts predict an earnings per share of 8.3 for the current year.
• The company recently announced a quarterly dividend of $1.4225 per share, reflecting a dividend yield of 4.0%, with a payout ratio of 103.64%.

Blue Rock Wealth Management LLC purchased a new stake in PepsiCo, Inc. (NASDAQ:PEP - Free Report) during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 2,174 shares of the company's stock, valued at approximately $326,000.

Other hedge funds also recently added to or reduced their stakes in the company. Elite Financial Inc. purchased a new position in PepsiCo in the first quarter valued at approximately $28,000. Measured Risk Portfolios Inc. purchased a new position in PepsiCo in the fourth quarter valued at approximately $31,000. Sunbeam Capital Management LLC purchased a new position in shares of PepsiCo during the fourth quarter worth approximately $47,000. MorganRosel Wealth Management LLC purchased a new position in shares of PepsiCo during the first quarter worth approximately $55,000. Finally, Migdal Insurance & Financial Holdings Ltd. purchased a new position in shares of PepsiCo during the first quarter worth approximately $58,000. 73.07% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on the stock. Deutsche Bank Aktiengesellschaft restated a "buy" rating on shares of PepsiCo in a research report on Thursday, July 17th. Bank of America lowered their target price 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. Citigroup raised their target price on shares of PepsiCo from $160.00 to $168.00 and gave the stock a "buy" rating in a research report on Friday, July 18th. JPMorgan Chase & Co. lowered their target price 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. Finally, UBS Group lowered their target price on shares of PepsiCo from $175.00 to $170.00 and set a "buy" rating on the stock in a research report on Thursday. Four investment 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. According to MarketBeat.com, PepsiCo currently has an average rating of "Hold" and a consensus price target of $158.67.

PepsiCo Stock Performance

NASDAQ:PEP traded up $1.57 during midday trading on Thursday, reaching $144.23. The stock had a trading volume of 6,139,308 shares, compared to its average volume of 8,302,215. The firm has a fifty day simple moving average of $143.65 and a two-hundred day simple moving average of $140.69. PepsiCo, Inc. has a 12-month low of $127.60 and a 12-month high of $179.43. 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 stock has a market cap of $197.46 billion, a P/E ratio of 26.27, a P/E/G ratio of 3.61 and a beta of 0.46.

PepsiCo (NASDAQ:PEP - Get Free Report) last posted its quarterly earnings data on Thursday, July 17th. The company reported $2.12 earnings per share for the quarter, beating 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 for the quarter, compared to analyst estimates of $22.28 billion. During the same period last year, the firm posted $2.28 EPS. PepsiCo's quarterly revenue was up 1.0% on a year-over-year basis. PepsiCo has set its FY 2025 guidance at 8.038-8.038 EPS. On average, equities analysts expect that PepsiCo, Inc. will post 8.3 EPS for the current year.

PepsiCo Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, September 30th. Shareholders of record on Friday, September 5th will be given a dividend of $1.4225 per share. 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 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.