Chicago Partners Investment Group LLC Acquires 3,374 Shares of PepsiCo, Inc. $PEP

Key Points

• Chicago Partners Investment Group LLC increased its stake in PepsiCo, Inc. by 20%, acquiring an additional 3,374 shares, bringing their total holdings to 20,269 shares worth approximately $2.95 million.
• PepsiCo reported earnings of $2.29 per share for the last quarter, exceeding analysts' estimates, while quarterly revenue reached $23.94 billion, reflecting a 2.7% year-over-year increase.
• The company declared a quarterly dividend of $1.4225 per share, representing an annualized dividend yield of 3.7%, though it has a high payout ratio of 108.17%.

Chicago Partners Investment Group LLC raised its holdings in shares of PepsiCo, Inc. (NASDAQ:PEP - Free Report) by 20.0% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 20,269 shares of the company's stock after purchasing an additional 3,374 shares during the quarter. Chicago Partners Investment Group LLC's holdings in PepsiCo were worth $2,952,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Nova Wealth Management Inc. acquired a new stake in PepsiCo during the first quarter worth approximately $25,000. Elite Financial Inc. acquired a new position in shares of PepsiCo in the first quarter valued at approximately $28,000. Legend Financial Advisors Inc. bought a new position in shares of PepsiCo during the second quarter worth approximately $29,000. Frazier Financial Advisors LLC lifted its holdings in PepsiCo by 85.3% during the 2nd quarter. Frazier Financial Advisors LLC now owns 265 shares of the company's stock worth $35,000 after purchasing an additional 122 shares during the last quarter. Finally, Investment Research & Advisory Group Inc. boosted its stake in PepsiCo by 263.6% in the 2nd quarter. Investment Research & Advisory Group Inc. now owns 320 shares of the company's stock valued at $42,000 after purchasing an additional 232 shares during the period. 73.07% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

PEP has been the subject of a number of research reports. JPMorgan Chase & Co. dropped their target price on PepsiCo from $157.00 to $151.00 and set a "neutral" rating for the company in a report on Monday, October 6th. Cowen reiterated a "hold" rating on shares of PepsiCo in a research note on Thursday, July 17th. Jefferies Financial Group increased their target price on shares of PepsiCo from $161.00 to $163.00 and gave the stock a "hold" rating in a research report on Friday, October 10th. Citigroup lowered their target price on shares of PepsiCo from $168.00 to $165.00 and set a "buy" rating on the stock in a report on Thursday, September 25th. Finally, Rothschild & Co Redburn boosted their price target on PepsiCo from $115.00 to $117.00 and gave the company a "sell" rating in a research note on Monday, October 13th. Six analysts have rated the stock with a Buy rating, fourteen have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the company presently has an average rating of "Hold" and an average price target of $156.00.

PepsiCo Price Performance

PEP stock opened at $153.71 on Monday. The company's 50-day moving average price is $145.51 and its two-hundred day moving average price is $139.25. The firm has a market cap of $210.17 billion, a P/E ratio of 29.22, a P/E/G ratio of 3.74 and a beta of 0.46. The company has a quick ratio of 0.72, a current ratio of 0.91 and a debt-to-equity ratio of 2.26. PepsiCo, Inc. has a 12 month low of $127.60 and a 12 month high of $177.50.

PepsiCo (NASDAQ:PEP - Get Free Report) last posted its quarterly earnings results on Thursday, October 9th. The company reported $2.29 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.26 by $0.03. The business had revenue of $23.94 billion for the quarter, compared to analyst estimates of $23.91 billion. PepsiCo had a net margin of 7.82% and a return on equity of 57.58%. The firm's revenue for the quarter was up 2.7% on a year-over-year basis. During the same quarter last year, the business posted $2.31 EPS. PepsiCo has set its FY 2025 guidance at 8.120-8.120 EPS. On average, analysts anticipate that PepsiCo, Inc. will post 8.3 earnings per share for the current fiscal year.

PepsiCo Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, September 30th. Stockholders of record on Friday, September 5th were issued a dividend of $1.4225 per share. The ex-dividend date of this dividend was Friday, September 5th. This represents a $5.69 dividend on an annualized basis and a dividend yield of 3.7%. PepsiCo's payout ratio is 108.17%.

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.

Want to see what other hedge funds are holding PEP? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for PepsiCo, Inc. (NASDAQ:PEP - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.