Concord Asset Management LLC VA Increases Stock Holdings in PepsiCo, Inc. $PEP

Key Points

• Concord Asset Management LLC VA increased its stake in PepsiCo, Inc. by 29.4%, now holding 8,880 shares valued at approximately $1.17 million.
• PepsiCo reported earnings per share of $2.29 for the last quarter, beating analysts' expectations and showing a 2.7% revenue increase compared to the previous year.
• The company announced a quarterly dividend of $1.4225 per share, indicating a strong commitment to returning value to shareholders despite a payout ratio of 108.17%.

Concord Asset Management LLC VA lifted its position in PepsiCo, Inc. (NASDAQ:PEP - Free Report) by 29.4% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 8,880 shares of the company's stock after purchasing an additional 2,016 shares during the quarter. Concord Asset Management LLC VA's holdings in PepsiCo were worth $1,172,000 at the end of the most recent reporting period.

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

PepsiCo Stock Performance

Shares of PepsiCo stock opened at $150.08 on Monday. The firm has a market capitalization of $205.47 billion, a P/E ratio of 28.53, a P/E/G ratio of 3.75 and a beta of 0.46. PepsiCo, Inc. has a 52 week low of $127.60 and a 52 week high of $177.50. The company has a quick ratio of 0.72, a current ratio of 0.91 and a debt-to-equity ratio of 2.26. The firm's 50 day moving average is $144.53 and its two-hundred day moving average is $139.19.

PepsiCo (NASDAQ:PEP - Get Free Report) last announced its earnings results on Thursday, October 9th. The company reported $2.29 earnings per share (EPS) for the quarter, topping analysts' consensus estimates 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 company's revenue for the quarter was up 2.7% compared to the same quarter last year. During the same period last year, the firm posted $2.31 earnings per share. PepsiCo has set its FY 2025 guidance at 8.120-8.120 EPS. Research analysts forecast that PepsiCo, Inc. will post 8.3 EPS for the current fiscal year.

PepsiCo Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, September 30th. Stockholders of record on Friday, September 5th were given a dividend of $1.4225 per share. The ex-dividend date was Friday, September 5th. This represents a $5.69 dividend on an annualized basis and a dividend yield of 3.8%. PepsiCo's dividend payout ratio (DPR) is 108.17%.

Analyst Ratings Changes

PEP has been the topic of a number of recent analyst reports. Royal Bank Of Canada decreased their target price on shares of PepsiCo from $146.00 to $145.00 and set a "sector perform" rating on the stock in a research report on Monday, September 15th. Barclays upped their target price on shares of PepsiCo from $140.00 to $142.00 and gave the company an "equal weight" rating in a research report on Friday. Wells Fargo & Company upped their target price on shares of PepsiCo from $150.00 to $154.00 and gave the company a "positive" rating in a research report on Friday. Citigroup reduced their price target on shares of PepsiCo from $168.00 to $165.00 and set a "buy" rating on the stock in a research report on Thursday, September 25th. Finally, Weiss Ratings reissued a "hold (c-)" rating on shares of PepsiCo in a research report on Saturday, September 27th. Five research analysts have rated the stock with a Buy rating and fourteen have issued a Hold rating to the stock. Based on data from MarketBeat.com, PepsiCo currently has an average rating of "Hold" and an average price target of $157.75.

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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