Bourne Lent Asset Management Inc. Increases Stock Holdings in PepsiCo, Inc. $PEP

Key Points

• Bourne Lent Asset Management Inc. increased its holdings in PepsiCo, Inc. by 77.5% in the second quarter, totaling 6,415 shares valued at approximately $847,000.
• PepsiCo reported a quarterly EPS of $2.12, surpassing analyst estimates, and increased its FY 2025 guidance to 8.038 EPS.
• The company declared a quarterly dividend of $1.4225 per share, which will be paid on September 30th, marking a 4.0% dividend yield.

Bourne Lent Asset Management Inc. raised its position in PepsiCo, Inc. (NASDAQ:PEP - Free Report) by 77.5% during the second quarter, according to its most recent filing with the SEC. The institutional investor owned 6,415 shares of the company's stock after purchasing an additional 2,800 shares during the period. Bourne Lent Asset Management Inc.'s holdings in PepsiCo were worth $847,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Nova Wealth Management Inc. purchased a new position in PepsiCo in the 1st quarter valued at $25,000. Elite Financial Inc. purchased a new position in shares of PepsiCo during the 1st quarter worth $28,000. Sunbeam Capital Management LLC purchased a new position in shares of PepsiCo during the 4th quarter worth $47,000. MorganRosel Wealth Management LLC purchased a new position in shares of PepsiCo during the 1st quarter worth $55,000. Finally, Migdal Insurance & Financial Holdings Ltd. purchased a new position in shares of PepsiCo during the 1st quarter worth $58,000. Hedge funds and other institutional investors own 73.07% of the company's stock.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on PEP shares. Morgan Stanley lifted their price target on PepsiCo from $153.00 to $165.00 and gave the stock an "equal weight" rating in a report on Friday, July 18th. Royal Bank Of Canada reissued a "sector perform" rating and set a $146.00 price objective on shares of PepsiCo in a research report on Wednesday, September 3rd. Wells Fargo & Company raised their price objective on PepsiCo from $140.00 to $154.00 and gave the stock an "equal weight" rating in a research report on Friday, July 18th. Citigroup raised their price objective on PepsiCo from $160.00 to $168.00 and gave the stock a "buy" rating in a research report on Friday, July 18th. Finally, Cowen reissued a "hold" rating on shares of PepsiCo in a research report on Thursday, July 17th. Four equities research analysts have rated the stock with a Buy rating, fourteen have issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the stock has an average rating of "Hold" and a consensus target price of $158.67.

PepsiCo Stock Performance

Shares of PepsiCo stock opened at $143.53 on Monday. PepsiCo, Inc. has a one year low of $127.60 and a one year high of $179.43. The company has a market cap of $196.50 billion, a PE ratio of 26.14, a P/E/G ratio of 3.63 and a beta of 0.46. The company has a debt-to-equity ratio of 2.12, a quick ratio of 0.60 and a current ratio of 0.78. The business has a 50-day simple moving average of $143.81 and a 200-day simple moving average of $140.44.

PepsiCo (NASDAQ:PEP - Get Free Report) last announced its quarterly earnings data on Thursday, July 17th. The company reported $2.12 EPS for the quarter, topping analysts' consensus estimates 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 the consensus estimate of $22.28 billion. During the same period in the previous year, the company posted $2.28 earnings per share. The business'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. On average, equities research analysts forecast that PepsiCo, Inc. will post 8.3 EPS for the current fiscal year.

PepsiCo Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 30th. Stockholders of record on Friday, September 5th will be given a dividend of $1.4225 per share. The ex-dividend date of this dividend is Friday, September 5th. This represents a $5.69 dividend on an annualized basis and a dividend yield of 4.0%. PepsiCo's payout ratio is currently 103.64%.

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.

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