Coerente Capital Management Buys 3,337 Shares of PepsiCo, Inc. $PEP

Key Points

• Coerente Capital Management increased its stake in PepsiCo, Inc. by 2.5% during the second quarter, acquiring an additional 3,337 shares and bringing its total ownership to 136,603 shares.
• PepsiCo recently announced a quarterly dividend of $1.4225 per share, equating to an annualized yield of 3.9%, with a dividend payout ratio of 103.64%.
• The company reported earnings per share (EPS) of $2.29 in its latest quarterly results, exceeding the consensus estimate by $0.03, while revenue for the quarter reached $23.94 billion.

Coerente Capital Management raised its stake in PepsiCo, Inc. (NASDAQ:PEP - Free Report) by 2.5% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 136,603 shares of the company's stock after purchasing an additional 3,337 shares during the period. PepsiCo makes up approximately 3.3% of Coerente Capital Management's holdings, making the stock its 15th biggest position. Coerente Capital Management's holdings in PepsiCo were worth $18,037,000 as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. Nova Wealth Management Inc. bought a new stake in PepsiCo in the first quarter valued at about $25,000. Elite Financial Inc. bought a new stake in PepsiCo in the first quarter valued at about $28,000. Legend Financial Advisors Inc. bought a new stake in PepsiCo in the second quarter valued at about $29,000. Investment Research & Advisory Group Inc. increased its stake in PepsiCo by 263.6% in the second quarter. Investment Research & Advisory Group Inc. now owns 320 shares of the company's stock valued at $42,000 after acquiring an additional 232 shares during the period. Finally, RMG Wealth Management LLC acquired a new stake in shares of PepsiCo during the 2nd quarter worth about $45,000. 73.07% of the stock is owned by institutional investors.

PepsiCo Stock Up 4.2%

Shares of NASDAQ:PEP opened at $144.71 on Friday. The firm has a fifty day moving average price of $144.32 and a two-hundred day moving average price of $139.29. 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 one year low of $127.60 and a one year high of $177.50. The company has a market cap of $198.12 billion, a price-to-earnings ratio of 26.36, a PEG ratio of 3.50 and a beta of 0.46.

PepsiCo (NASDAQ:PEP - Get Free Report) last announced its quarterly earnings results on Thursday, October 9th. The company reported $2.29 EPS for the quarter, beating the consensus estimate of $2.26 by $0.03. PepsiCo had a net margin of 8.23% and a return on equity of 57.81%. The firm had revenue of $23.94 billion during the quarter, compared to the consensus estimate of $23.91 billion. During the same period last year, the firm earned $2.31 EPS. The business's quarterly revenue was up 2.7% compared to the same quarter last year. PepsiCo has set its FY 2025 guidance at 8.120-8.120 EPS. Analysts anticipate that PepsiCo, Inc. will post 8.3 EPS for the current fiscal year.

PepsiCo Announces Dividend

The company also recently declared 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 yield of 3.9%. The ex-dividend date of this dividend was Friday, September 5th. PepsiCo's dividend payout ratio (DPR) is presently 103.64%.

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on the stock. Bank of America dropped their target price on shares of PepsiCo from $150.00 to $145.00 and set a "neutral" rating for the company in a research report on Friday, July 11th. Royal Bank Of Canada dropped their target price on shares of PepsiCo from $146.00 to $145.00 and set a "sector perform" rating for the company in a research report on Monday, September 15th. BNP Paribas Exane dropped their target price on shares of PepsiCo from $152.00 to $150.00 and set a "neutral" rating for the company in a research report on Monday. JPMorgan Chase & Co. dropped their target price on shares of PepsiCo from $157.00 to $151.00 and set a "neutral" rating for the company in a research report on Monday. Finally, UBS Group dropped their target price on shares of PepsiCo from $175.00 to $170.00 and set a "buy" rating for the company in a research note on Thursday, September 11th. Four equities research analysts have rated the stock with a Buy rating, fourteen have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average price target of $158.13.

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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