Dohj LLC Acquires New Stake in PepsiCo, Inc. $PEP

Key Points

• Dohj LLC has acquired a new stake in PepsiCo, Inc., purchasing 2,775 shares valued at approximately $395,000 during the second quarter.
• Several analysts have reduced their price targets for PepsiCo, with JPMorgan Chase & Co. lowering their target from $157 to $151 and maintaining a "neutral" rating.
• PepsiCo recently announced a quarterly dividend of $1.4225 per share, resulting in an annualized dividend yield of 4.0%.

Dohj LLC bought a new position in PepsiCo, Inc. (NASDAQ:PEP - Free Report) during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor bought 2,775 shares of the company's stock, valued at approximately $395,000.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Nova Wealth Management Inc. bought a new stake in shares of PepsiCo during the 1st quarter worth $25,000. Elite Financial Inc. purchased a new position in shares of PepsiCo in the 1st quarter worth about $28,000. Legend Financial Advisors Inc. bought a new position in shares of PepsiCo during the 2nd quarter valued at about $29,000. RMG Wealth Management LLC bought a new stake in PepsiCo in the 2nd quarter worth approximately $45,000. Finally, Investment Research & Advisory Group Inc. lifted its position in PepsiCo by 263.6% in the 2nd quarter. Investment Research & Advisory Group Inc. now owns 320 shares of the company's stock worth $42,000 after buying an additional 232 shares during the last quarter. Hedge funds and other institutional investors own 73.07% of the company's stock.

Analysts Set New Price Targets

Several brokerages recently commented on PEP. Barclays reaffirmed a "cautious" rating on shares of PepsiCo in a research note on Friday. JPMorgan Chase & Co. decreased their price target on shares of PepsiCo from $157.00 to $151.00 and set a "neutral" rating for the company in a research note on Monday. Weiss Ratings reaffirmed a "hold (c-)" rating on shares of PepsiCo in a research report on Saturday, September 27th. Morgan Stanley increased their target price on PepsiCo from $153.00 to $165.00 and gave the stock an "equal weight" rating in a research report on Friday, July 18th. Finally, BNP Paribas Exane dropped their price target on PepsiCo from $152.00 to $150.00 and set a "neutral" rating on the stock in a research report on Monday. Four research analysts have rated the stock with a Buy rating, fifteen have assigned a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat, the stock currently has an average rating of "Hold" and a consensus price target of $158.13.

PepsiCo Price Performance

Shares of PEP opened at $140.79 on Wednesday. PepsiCo, Inc. has a twelve month low of $127.60 and a twelve month high of $177.50. The company has a market capitalization of $192.75 billion, a P/E ratio of 25.64, a price-to-earnings-growth ratio of 3.53 and a beta of 0.46. The firm has a 50 day moving average of $144.26 and a 200 day moving average of $139.31. The company has a quick ratio of 0.60, a current ratio of 0.78 and a debt-to-equity ratio of 2.12.

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

PepsiCo Dividend Announcement

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 dividend of $1.4225 per share. This represents a $5.69 dividend on an annualized basis and a dividend yield of 4.0%. The ex-dividend date of this dividend was Friday, September 5th. PepsiCo's dividend payout ratio (DPR) is presently 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.

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