Clark & Stuart Inc Has $6.18 Million Holdings in PepsiCo, Inc. $PEP

Key Points

• Clark & Stuart Inc increased its stake in PepsiCo by 15.9%, bringing its holdings to approximately $6.18 million, which constitutes around 4.7% of their investment portfolio.
• PepsiCo reported better-than-expected earnings of $2.12 EPS for the quarter, exceeding analysts' estimates and achieving revenue of $22.73 billion, a 1.0% increase from the previous year.
• The company announced a quarterly dividend of $1.4225 per share, resulting in an annualized dividend yield of 4.1%, despite a high dividend payout ratio of 103.64%.

Clark & Stuart Inc lifted its holdings in PepsiCo, Inc. (NASDAQ:PEP - Free Report) by 15.9% in the second quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 46,799 shares of the company's stock after purchasing an additional 6,431 shares during the quarter. PepsiCo accounts for approximately 4.7% of Clark & Stuart Inc's investment portfolio, making the stock its 9th largest position. Clark & Stuart Inc's holdings in PepsiCo were worth $6,179,000 at the end of the most recent quarter.

Several other institutional investors have also bought and sold shares of the business. Claris Advisors LLC MO increased its holdings in shares of PepsiCo by 14.1% in the 2nd quarter. Claris Advisors LLC MO now owns 2,490 shares of the company's stock worth $329,000 after buying an additional 308 shares during the last quarter. Foster Group Inc. grew its position in PepsiCo by 4.6% in the second quarter. Foster Group Inc. now owns 5,169 shares of the company's stock worth $683,000 after acquiring an additional 229 shares in the last quarter. Asset Management One Co. Ltd. increased its stake in PepsiCo by 3.6% during the first quarter. Asset Management One Co. Ltd. now owns 630,906 shares of the company's stock worth $94,598,000 after acquiring an additional 21,859 shares during the last quarter. Ignite Planners LLC raised its position in PepsiCo by 4.2% during the first quarter. Ignite Planners LLC now owns 3,773 shares of the company's stock valued at $566,000 after purchasing an additional 151 shares during the period. Finally, Merit Financial Group LLC lifted its stake in shares of PepsiCo by 46.4% in the 2nd quarter. Merit Financial Group LLC now owns 114,344 shares of the company's stock valued at $15,098,000 after purchasing an additional 36,239 shares during the last quarter. Institutional investors own 73.07% of the company's stock.

Analyst Upgrades and Downgrades

PEP has been the topic of several recent research reports. Morgan Stanley increased their price target on PepsiCo from $153.00 to $165.00 and gave the company an "equal weight" rating in a report on Friday, July 18th. JPMorgan Chase & Co. cut their price objective on shares of PepsiCo from $157.00 to $151.00 and set a "neutral" rating on the stock in a research report on Monday. Deutsche Bank Aktiengesellschaft restated a "buy" rating on shares of PepsiCo in a report on Thursday, July 17th. Barclays reiterated a "cautious" rating on shares of PepsiCo in a report on Friday. Finally, BNP Paribas Exane dropped their target price on PepsiCo from $152.00 to $150.00 and set a "neutral" rating for the company in a research report on Monday. Four research analysts have rated the stock with a Buy rating, fifteen have issued a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat, PepsiCo has a consensus rating of "Hold" and an average price target of $158.13.

PepsiCo Trading Down 1.6%

Shares of PEP opened at $139.70 on Tuesday. The firm has a market capitalization of $191.26 billion, a price-to-earnings ratio of 25.45, a PEG ratio of 3.58 and a beta of 0.46. The company has a debt-to-equity ratio of 2.12, a current ratio of 0.78 and a quick ratio of 0.60. PepsiCo, Inc. has a 1-year low of $127.60 and a 1-year high of $177.50. The company has a 50-day moving average of $144.32 and a 200 day moving average of $139.30.

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 analysts' consensus estimates of $2.03 by $0.09. The business had revenue of $22.73 billion for the quarter, compared to analyst estimates of $22.28 billion. PepsiCo had a net margin of 8.23% and a return on equity of 57.81%. The company's quarterly revenue was up 1.0% compared to the same quarter last year. During the same period last year, the company posted $2.28 earnings per share. PepsiCo has set its FY 2025 guidance at 8.038-8.038 EPS. On average, research analysts expect that PepsiCo, Inc. will post 8.3 EPS for the current year.

PepsiCo Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, September 30th. Shareholders of record on Friday, September 5th were issued a $1.4225 dividend. This represents a $5.69 annualized dividend and a dividend yield of 4.1%. The ex-dividend date was Friday, September 5th. PepsiCo's dividend payout ratio is currently 103.64%.

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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