Capital Analysts LLC Boosts Holdings in PepsiCo, Inc. $PEP

Key Points

• Capital Analysts LLC increased its holdings in PepsiCo, Inc. by 18.4%, owning 33,396 shares worth approximately $5,008,000 at the end of the reporting period.
• PepsiCo reported $2.12 earnings per share for the latest quarter, surpassing analysts' estimates of $2.03, with a revenue of $22.73 billion.
• The company declared a quarterly dividend of $1.4225, representing an annual dividend yield of 3.7% and has a dividend payout ratio of 103.64%.

Capital Analysts LLC increased its holdings in PepsiCo, Inc. (NASDAQ:PEP - Free Report) by 18.4% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 33,396 shares of the company's stock after buying an additional 5,190 shares during the quarter. Capital Analysts LLC's holdings in PepsiCo were worth $5,008,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Elite Financial Inc. purchased a new position in shares of PepsiCo in the first quarter worth approximately $28,000. Measured Risk Portfolios Inc. bought a new stake in PepsiCo during the 4th quarter worth approximately $31,000. Sunbeam Capital Management LLC bought a new stake in PepsiCo during the 4th quarter worth approximately $47,000. MorganRosel Wealth Management LLC bought a new stake in PepsiCo during the 1st quarter worth approximately $55,000. Finally, Migdal Insurance & Financial Holdings Ltd. bought a new stake in PepsiCo during the 1st quarter worth approximately $58,000. Hedge funds and other institutional investors own 73.07% of the company's stock.

PepsiCo Trading Up 1.7%

PEP stock opened at $152.16 on Wednesday. The company has a quick ratio of 0.60, a current ratio of 0.78 and a debt-to-equity ratio of 2.12. PepsiCo, Inc. has a twelve month low of $127.60 and a twelve month high of $179.73. The stock has a market capitalization of $208.32 billion, a price-to-earnings ratio of 27.72, a price-to-earnings-growth ratio of 3.98 and a beta of 0.45. The firm's fifty day simple moving average is $138.19 and its two-hundred day simple moving average is $140.56.

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 business had revenue of $22.73 billion for the quarter, compared to analysts' expectations of $22.28 billion. During the same quarter in the previous year, the business posted $2.28 earnings per share. The business's revenue was up 1.0% compared to the same quarter last year. PepsiCo has set its FY 2025 guidance at 8.038-8.038 EPS. As a group, analysts anticipate that PepsiCo, Inc. will post 8.3 earnings per share for the current 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 issued a $1.4225 dividend. The ex-dividend date is Friday, September 5th. This represents a $5.69 dividend on an annualized basis and a dividend yield of 3.7%. PepsiCo's dividend payout ratio is presently 103.64%.

Analyst Ratings Changes

A number of equities research analysts have commented on PEP shares. JPMorgan Chase & Co. decreased their target price on shares of PepsiCo from $150.00 to $139.00 and set a "neutral" rating on the stock in a research note on Thursday, July 10th. Evercore ISI set a $140.00 target price on shares of PepsiCo in a research note on Thursday, April 24th. Cowen restated a "hold" rating on shares of PepsiCo in a research note on Thursday, July 17th. Dbs Bank cut shares of PepsiCo from a "strong-buy" rating to a "hold" rating in a research note on Friday, May 9th. Finally, 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 note on Friday, July 18th. Four analysts have rated the stock with a Buy rating, fourteen have issued 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 an average target price of $158.73.

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.

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