Bridge Creek Capital Management LLC Grows Stock Holdings in PepsiCo, Inc. $PEP

Key Points

• Bridge Creek Capital Management LLC increased its holdings in PepsiCo, Inc. by 5.6% during Q2, now owning $5.25 million worth of stock.
• Analysts have mixed views on PepsiCo, with Wells Fargo raising the target price to $154.00, while others lowered their forecasts, indicating a general consensus rating of "Hold."
• PepsiCo recently announced a quarterly dividend of $1.4225 per share with a yield of 4.0%, reflecting a payout ratio of 103.64%.

Bridge Creek Capital Management LLC boosted its stake in PepsiCo, Inc. (NASDAQ:PEP - Free Report) by 5.6% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 39,787 shares of the company's stock after purchasing an additional 2,093 shares during the period. PepsiCo comprises approximately 1.5% of Bridge Creek Capital Management LLC's investment portfolio, making the stock its 24th biggest position. Bridge Creek Capital Management LLC's holdings in PepsiCo were worth $5,253,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Lantz Financial LLC increased its holdings in PepsiCo by 0.9% in the second quarter. Lantz Financial LLC now owns 13,610 shares of the company's stock valued at $1,797,000 after purchasing an additional 115 shares during the period. Viking Fund Management LLC increased its holdings in PepsiCo by 12.6% in the second quarter. Viking Fund Management LLC now owns 125,000 shares of the company's stock valued at $16,505,000 after purchasing an additional 14,000 shares during the period. Spring Capital Management LLC increased its holdings in PepsiCo by 0.6% in the second quarter. Spring Capital Management LLC now owns 28,033 shares of the company's stock valued at $3,701,000 after purchasing an additional 179 shares during the period. Phillips Wealth Planners LLC increased its holdings in PepsiCo by 10.0% in the second quarter. Phillips Wealth Planners LLC now owns 2,615 shares of the company's stock valued at $353,000 after purchasing an additional 238 shares during the period. Finally, Bell Bank increased its holdings in PepsiCo by 2,002.5% in the second quarter. Bell Bank now owns 65,092 shares of the company's stock valued at $8,595,000 after purchasing an additional 61,996 shares during the period. 73.07% of the stock is currently owned by institutional investors and hedge funds.

PepsiCo Stock Up 0.1%

NASDAQ PEP traded up $0.12 during trading hours on Tuesday, hitting $141.15. The company's stock had a trading volume of 1,757,357 shares, compared to its average volume of 8,431,592. PepsiCo, Inc. has a 52 week low of $127.60 and a 52 week high of $177.50. The company has a market capitalization of $193.24 billion, a PE ratio of 25.70, a price-to-earnings-growth ratio of 3.58 and a beta of 0.46. The company has a current ratio of 0.78, a quick ratio of 0.60 and a debt-to-equity ratio of 2.12. The company's 50-day simple moving average is $144.50 and its two-hundred day simple moving average is $139.87.

PepsiCo (NASDAQ:PEP - Get Free Report) last posted its quarterly earnings data on Thursday, July 17th. The company reported $2.12 EPS for the quarter, beating the consensus estimate of $2.03 by $0.09. The firm had revenue of $22.73 billion during the quarter, compared to analyst estimates of $22.28 billion. PepsiCo had a net margin of 8.23% and a return on equity of 57.81%. The company's revenue for the quarter was up 1.0% on a year-over-year basis. During the same quarter last year, the business posted $2.28 EPS. PepsiCo has set its FY 2025 guidance at 8.038-8.038 EPS. Research analysts anticipate that PepsiCo, Inc. will post 8.3 EPS for the current fiscal year.

PepsiCo Announces Dividend

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

Analyst Upgrades and Downgrades

A number of analysts have commented on the stock. Citigroup upped their price target on shares of PepsiCo from $160.00 to $168.00 and gave the company a "buy" rating in a research report on Friday, July 18th. UBS Group cut their price target on shares of PepsiCo from $175.00 to $170.00 and set a "buy" rating on the stock in a research report on Thursday, September 11th. Barclays upped their price target on shares of PepsiCo from $132.00 to $144.00 and gave the company an "equal weight" rating in a research report on Monday, July 21st. Morgan Stanley increased their price objective on shares of PepsiCo from $153.00 to $165.00 and gave the stock an "equal weight" rating in a research report on Friday, July 18th. Finally, Royal Bank Of Canada cut their price objective on shares of PepsiCo from $146.00 to $145.00 and set a "sector perform" rating on the stock in a research report on Monday, September 15th. Four analysts have rated the stock with a Buy rating, fourteen have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, PepsiCo presently has an average rating of "Hold" and a consensus target price 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.