PepsiCo, Inc. $PEP Stake Boosted by Cullen Investment Group LTD.

Key Points

• Cullen Investment Group LTD. increased its stake in PepsiCo by 136.1% during Q2, acquiring an additional 43,864 shares to bring its total to 76,100 shares, valued at approximately $10 million.
• PepsiCo reported a Q2 EPS of $2.12, exceeding estimates, with a 1.0% year-over-year revenue growth totaling $22.73 billion.
• The company declared a quarterly dividend of $1.4225, with an expected annualized yield of 4.0%, and its payout ratio stands at 103.64%.

Cullen Investment Group LTD. grew its position in PepsiCo, Inc. (NASDAQ:PEP - Free Report) by 136.1% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 76,100 shares of the company's stock after purchasing an additional 43,864 shares during the period. PepsiCo makes up approximately 1.4% of Cullen Investment Group LTD.'s investment portfolio, making the stock its 17th largest holding. Cullen Investment Group LTD.'s holdings in PepsiCo were worth $10,048,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of PEP. Nova Wealth Management Inc. bought a new stake in PepsiCo during the first quarter worth $25,000. Elite Financial Inc. acquired a new stake in shares of PepsiCo in the 1st quarter valued at about $28,000. Sunbeam Capital Management LLC bought a new stake in PepsiCo during the 4th quarter worth approximately $47,000. MorganRosel Wealth Management LLC purchased a new position in shares of PepsiCo in the 1st quarter worth approximately $55,000. Finally, Migdal Insurance & Financial Holdings Ltd. bought a new stake in shares of PepsiCo in the 1st quarter worth approximately $58,000. Institutional investors own 73.07% of the company's stock.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on PEP. Barclays upped their price target on shares of PepsiCo from $132.00 to $144.00 and gave the stock an "equal weight" rating in a report on Monday, July 21st. UBS Group cut their price target on shares of PepsiCo from $175.00 to $170.00 and set a "buy" rating on the stock in a report on Thursday. Bank of America dropped their target price 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. Morgan Stanley raised their price objective on shares of PepsiCo from $153.00 to $165.00 and gave the company an "equal weight" rating in a research report on Friday, July 18th. Finally, Wells Fargo & Company lifted their price target on shares of PepsiCo from $140.00 to $154.00 and gave the company an "equal weight" rating in a report on Friday, July 18th. Four research analysts have rated the stock with a Buy rating, fourteen have assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Hold" and an average price target of $158.67.

PepsiCo Price Performance

PEP traded down $2.89 during midday trading on Monday, hitting $140.64. 7,258,591 shares of the company traded hands, compared to its average volume of 8,092,407. The business has a 50 day simple moving average of $143.93 and a two-hundred day simple moving average of $140.35. The company has a current ratio of 0.78, a quick ratio of 0.60 and a debt-to-equity ratio of 2.12. The company has a market capitalization of $192.55 billion, a price-to-earnings ratio of 25.62, a PEG ratio of 3.63 and a beta of 0.46. PepsiCo, Inc. has a 52-week low of $127.60 and a 52-week high of $179.43.

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

PepsiCo Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, September 30th. Stockholders of record on Friday, September 5th will be paid 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 4.0%. PepsiCo's dividend payout ratio is 103.64%.

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.