Divergent Planning LLC Takes Position in PepsiCo, Inc. $PEP

Key Points

• Divergent Planning LLC acquired 19,772 shares of PepsiCo, Inc. worth approximately $2.6 million during the second quarter.
• PepsiCo reported $2.29 EPS in its most recent quarter, exceeding consensus estimates, and showed a revenue increase of 2.7% year-over-year.
• The company's recent quarterly dividend was $1.4225, representing an annualized yield of 3.7%, with a high dividend payout ratio of 108.17%.

Divergent Planning LLC purchased a new position in shares of PepsiCo, Inc. (NASDAQ:PEP - Free Report) during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor purchased 19,772 shares of the company's stock, valued at approximately $2,611,000.

Several other institutional investors have also recently bought and sold shares of PEP. Nuveen LLC acquired a new stake in shares of PepsiCo in the first quarter valued at $946,978,000. Kingstone Capital Partners Texas LLC acquired a new stake in PepsiCo in the 2nd quarter valued at about $460,110,000. Vanguard Group Inc. raised its stake in shares of PepsiCo by 1.4% in the first quarter. Vanguard Group Inc. now owns 135,174,252 shares of the company's stock worth $20,268,027,000 after acquiring an additional 1,802,748 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its position in shares of PepsiCo by 5.0% during the first quarter. Charles Schwab Investment Management Inc. now owns 26,475,241 shares of the company's stock worth $3,969,698,000 after purchasing an additional 1,258,198 shares in the last quarter. Finally, Deutsche Bank AG grew its stake in shares of PepsiCo by 14.3% during the first quarter. Deutsche Bank AG now owns 9,296,022 shares of the company's stock valued at $1,393,846,000 after purchasing an additional 1,165,745 shares during the last quarter. Institutional investors own 73.07% of the company's stock.

Wall Street Analyst Weigh In

A number of brokerages have commented on PEP. UBS Group decreased their price objective on PepsiCo from $175.00 to $170.00 and set a "buy" rating on the stock in a research report on Thursday, September 11th. Jefferies Financial Group lifted their price objective on PepsiCo from $161.00 to $163.00 and gave the stock a "hold" rating in a research report on Friday, October 10th. Rothschild & Co Redburn lifted their price target on shares of PepsiCo from $115.00 to $117.00 and gave the stock a "sell" rating in a research report on Monday, October 13th. Piper Sandler boosted their price target on shares of PepsiCo from $160.00 to $162.00 and gave the stock an "overweight" rating in a research note on Friday, October 10th. Finally, JPMorgan Chase & Co. reduced their price objective on shares of PepsiCo from $157.00 to $151.00 and set a "neutral" rating on the stock in a research note on Monday, October 6th. Six analysts have rated the stock with a Buy rating, fourteen have issued a Hold rating and one has assigned a Sell rating to the company's stock. According to MarketBeat, PepsiCo has a consensus rating of "Hold" and a consensus price target of $156.00.

PepsiCo Price Performance

PEP opened at $153.64 on Tuesday. The company has a fifty day simple moving average of $145.69 and a 200 day simple moving average of $139.29. 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 stock has a market cap of $210.08 billion, a P/E ratio of 29.21, a P/E/G ratio of 3.74 and a beta of 0.46. PepsiCo, Inc. has a 12 month low of $127.60 and a 12 month high of $177.50.

PepsiCo (NASDAQ:PEP - Get Free Report) last announced its quarterly earnings results on Thursday, October 9th. The company reported $2.29 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.26 by $0.03. PepsiCo had a return on equity of 57.58% and a net margin of 7.82%.The company had revenue of $23.94 billion during the quarter, compared to the consensus estimate of $23.91 billion. During the same period in the prior year, the company earned $2.31 earnings per share. The company's revenue for the quarter was up 2.7% compared to the same quarter last year. PepsiCo has set its FY 2025 guidance at 8.120-8.120 EPS. On average, research analysts expect that PepsiCo, Inc. will post 8.3 EPS for the current year.

PepsiCo Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, September 30th. Stockholders of record on Friday, September 5th were issued a $1.4225 dividend. This represents a $5.69 annualized dividend and a dividend yield of 3.7%. The ex-dividend date was Friday, September 5th. PepsiCo's dividend payout ratio is 108.17%.

PepsiCo 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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