Chiron Capital Management LLC Has $1.04 Million Stock Position in PepsiCo, Inc. $PEP

Key Points

• Chiron Capital Management LLC increased its stake in PepsiCo by 363.8%, acquiring an additional 5,450 shares, bringing its total holdings to 6,948 shares worth approximately $1.04 million.
• PepsiCo has reported a quarterly earnings per share (EPS) of $2.12, exceeding analyst expectations of $2.03, and total revenue of $22.73 billion, up 1.0% year-over-year.
• The company announced a quarterly dividend of $1.4225 per share, reflecting an annual yield of 3.8%, although its payout ratio is notably high at 103.64%.

Chiron Capital Management LLC grew its holdings in PepsiCo, Inc. (NASDAQ:PEP - Free Report) by 363.8% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 6,948 shares of the company's stock after acquiring an additional 5,450 shares during the quarter. Chiron Capital Management LLC's holdings in PepsiCo were worth $1,042,000 at the end of the most recent reporting period.

Other hedge funds have also recently bought and sold shares of the company. Asset Management One Co. Ltd. raised its holdings in PepsiCo by 3.6% during the 1st quarter. Asset Management One Co. Ltd. now owns 630,906 shares of the company's stock worth $94,598,000 after buying an additional 21,859 shares during the period. Ignite Planners LLC raised its holdings in PepsiCo by 4.2% during the 1st quarter. Ignite Planners LLC now owns 3,773 shares of the company's stock worth $566,000 after buying an additional 151 shares during the period. Graybill Wealth Management LTD. acquired a new stake in PepsiCo during the 1st quarter worth approximately $3,633,000. OMERS ADMINISTRATION Corp raised its holdings in PepsiCo by 12.1% during the 4th quarter. OMERS ADMINISTRATION Corp now owns 124,797 shares of the company's stock worth $18,977,000 after buying an additional 13,461 shares during the period. Finally, Sumitomo Mitsui DS Asset Management Company Ltd raised its holdings in PepsiCo by 2.3% during the 1st quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 270,938 shares of the company's stock worth $40,624,000 after buying an additional 6,112 shares during the period. 73.07% of the stock is currently owned by institutional investors and hedge funds.

PepsiCo Stock Performance

PEP stock traded down $1.75 during midday trading on Thursday, reaching $146.89. 6,322,912 shares of the company were exchanged, compared to its average volume of 8,104,346. The company has a debt-to-equity ratio of 2.12, a current ratio of 0.78 and a quick ratio of 0.60. The business has a 50-day moving average price of $142.69 and a two-hundred day moving average price of $140.88. PepsiCo, Inc. has a one year low of $127.60 and a one year high of $179.73. The firm has a market capitalization of $201.10 billion, a price-to-earnings ratio of 26.76, a price-to-earnings-growth ratio of 3.29 and a beta of 0.46.

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

PepsiCo Announces Dividend

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 dividend of $1.4225 per share. The ex-dividend date of this dividend is Friday, September 5th. This represents a $5.69 dividend on an annualized basis and a dividend yield of 3.9%. PepsiCo's dividend payout ratio (DPR) is currently 103.64%.

Wall Street Analysts Forecast Growth

PEP has been the topic of a number of recent research reports. Royal Bank Of Canada reiterated a "sector perform" rating and issued a $146.00 price objective on shares of PepsiCo in a report on Wednesday. JPMorgan Chase & Co. lowered 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. Cowen reiterated a "hold" rating on shares of PepsiCo in a report on Thursday, July 17th. Bank of America lowered 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, Citigroup lifted their price objective on shares of PepsiCo from $160.00 to $168.00 and gave the company a "buy" rating in a report on Friday, July 18th. Four equities research 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's stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average target price of $158.60.

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.