Chapin Davis Inc. Boosts Holdings in PepsiCo, Inc. $PEP

Key Points

• Chapin Davis Inc. increased its stake in PepsiCo, Inc. by 28.4% during the second quarter, bringing its total holdings to 19,131 shares valued at approximately $2.526 million.
• Multiple hedge funds have recently acquired new stakes in PepsiCo, with institutional investors now owning 73.07% of the company's stock.
• PepsiCo reported quarterly earnings of $2.12 per share, exceeding analysts' expectations, and announced a quarterly dividend of $1.4225, reflecting a 4.0% dividend yield.

Chapin Davis Inc. increased its stake in shares of PepsiCo, Inc. (NASDAQ:PEP - Free Report) by 28.4% in the second quarter, according to its most recent 13F filing with the SEC. The firm owned 19,131 shares of the company's stock after purchasing an additional 4,237 shares during the period. Chapin Davis Inc.'s holdings in PepsiCo were worth $2,526,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in PEP. Nova Wealth Management Inc. acquired a new stake in PepsiCo during the 1st quarter worth approximately $25,000. Elite Financial Inc. acquired a new stake in PepsiCo during the 1st quarter worth approximately $28,000. MorganRosel Wealth Management LLC acquired a new stake in PepsiCo during the 1st quarter worth approximately $55,000. Migdal Insurance & Financial Holdings Ltd. acquired a new stake in PepsiCo during the 1st quarter worth approximately $58,000. Finally, Greykasell Wealth Strategies Inc. acquired 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.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on PEP. Citigroup increased their target price on shares of PepsiCo from $160.00 to $168.00 and gave the stock a "buy" rating in a report on Friday, July 18th. Barclays raised their price objective on shares of PepsiCo from $132.00 to $144.00 and gave the company an "equal weight" rating in a report on Monday, July 21st. Royal Bank Of Canada reduced their price objective on shares of PepsiCo from $146.00 to $145.00 and set a "sector perform" rating on the stock in a report on Monday, September 15th. Bank of America reduced their price objective on shares of PepsiCo from $150.00 to $145.00 and set a "neutral" rating on the stock in a report on Friday, July 11th. Finally, JPMorgan Chase & Co. reduced their price objective on shares of PepsiCo from $150.00 to $139.00 and set a "neutral" rating on the stock in a report on Thursday, July 10th. Four equities research analysts have rated the stock with a Buy rating, fourteen have assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of "Hold" and a consensus price target of $158.60.

PepsiCo Trading Up 0.7%

Shares of PepsiCo stock opened at $141.76 on Monday. PepsiCo, Inc. has a 1 year low of $127.60 and a 1 year high of $177.50. 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 company has a market capitalization of $194.08 billion, a P/E ratio of 25.82, a PEG ratio of 3.58 and a beta of 0.46. The company's fifty day moving average is $144.39 and its two-hundred day moving average is $139.97.

PepsiCo (NASDAQ:PEP - Get Free Report) last issued its quarterly earnings data on Thursday, July 17th. The company reported $2.12 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.03 by $0.09. PepsiCo had a net margin of 8.23% and a return on equity of 57.81%. The company had revenue of $22.73 billion for the quarter, compared to the consensus estimate of $22.28 billion. During the same period last year, the firm posted $2.28 EPS. PepsiCo'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. Analysts forecast that PepsiCo, Inc. will post 8.3 earnings per share for the current year.

PepsiCo Dividend Announcement

The company also recently announced 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 of this dividend is Friday, September 5th. This represents a $5.69 annualized dividend and a dividend yield of 4.0%. 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.

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