Capital Advisors Inc. OK Boosts Stock Position in PepsiCo, Inc. $PEP

Key Points

• Capital Advisors Inc. OK increased its stake in PepsiCo, Inc. by 20.2%, owning approximately 2.2 million shares valued at $291.7 million, making it the fund's largest position.
• PepsiCo reported $2.12 EPS for the last quarter, exceeding analysts' expectations, along with a revenue of $22.73 billion, reflecting a year-over-year increase of 1%.
• The company also announced a quarterly dividend of $1.4225 per share, equating to an annualized dividend yield of 4.0%.

Capital Advisors Inc. OK lifted its position in PepsiCo, Inc. (NASDAQ:PEP - Free Report) by 20.2% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 2,208,894 shares of the company's stock after buying an additional 371,969 shares during the period. PepsiCo makes up about 5.2% of Capital Advisors Inc. OK's portfolio, making the stock its largest position. Capital Advisors Inc. OK owned approximately 0.16% of PepsiCo worth $291,662,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in PEP. Vanguard Group Inc. increased its stake in shares of PepsiCo by 1.4% in the first quarter. Vanguard Group Inc. now owns 135,174,252 shares of the company's stock worth $20,268,027,000 after acquiring an additional 1,802,748 shares during the period. Charles Schwab Investment Management Inc. raised its stake in PepsiCo by 5.0% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 26,475,241 shares of the company's stock valued at $3,969,698,000 after purchasing an additional 1,258,198 shares during the last quarter. Bank of New York Mellon Corp raised its holdings in PepsiCo by 0.4% in the 1st quarter. Bank of New York Mellon Corp now owns 14,062,857 shares of the company's stock valued at $2,108,585,000 after acquiring an additional 49,699 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its holdings in PepsiCo by 1.8% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 11,525,812 shares of the company's stock valued at $1,728,180,000 after buying an additional 208,292 shares in the last quarter. Finally, Invesco Ltd. boosted its holdings in PepsiCo by 4.5% in the 1st quarter. Invesco Ltd. now owns 11,328,158 shares of the company's stock valued at $1,698,544,000 after purchasing an additional 491,894 shares during the last quarter. Institutional investors and hedge funds own 73.07% of the company's stock.

PepsiCo Trading Down 0.2%

PEP opened at $141.98 on Monday. The firm has a market capitalization of $194.38 billion, a P/E ratio of 25.86, a P/E/G ratio of 3.58 and a beta of 0.46. 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 firm's 50 day moving average is $144.36 and its 200-day moving average is $139.34. PepsiCo, Inc. has a 52-week low of $127.60 and a 52-week high of $177.50.

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

PepsiCo Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, September 30th. Stockholders of record on Friday, September 5th were issued a $1.4225 dividend. The ex-dividend date was Friday, September 5th. This represents a $5.69 dividend on an annualized basis and a dividend yield of 4.0%. PepsiCo's dividend payout ratio is presently 103.64%.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on the stock. Weiss Ratings reaffirmed a "hold (c-)" rating on shares of PepsiCo in a research report on Saturday, September 27th. JPMorgan Chase & Co. decreased their price target on PepsiCo from $150.00 to $139.00 and set a "neutral" rating for the company in a report on Thursday, July 10th. Cowen reissued a "hold" rating on shares of PepsiCo in a research report on Thursday, July 17th. UBS Group reduced their price target on shares of PepsiCo from $175.00 to $170.00 and set a "buy" rating for the company in a research report on Thursday, September 11th. Finally, Citigroup lowered their price objective on shares of PepsiCo from $168.00 to $165.00 and set a "buy" rating on the stock in a research report on Thursday, September 25th. Four research analysts have rated the stock with a Buy rating, fourteen have given a Hold rating and two have issued a Sell rating to the company. According to MarketBeat.com, PepsiCo currently has an average rating of "Hold" and a consensus price target of $157.87.

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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