Doliver Advisors LP Increases Holdings in PepsiCo, Inc. $PEP

Key Points

• Doliver Advisors LP increased its holdings in PepsiCo by 54.0% during the second quarter, now owning 8,126 shares valued at approximately $1,073,000.
• PepsiCo reported $2.12 earnings per share for the last quarter, surpassing expectations and showing a 1.0% increase in revenue year-over-year.
• The company declared a quarterly dividend of $1.4225 per share, resulting in an annualized dividend yield of 4.0%, with a payout ratio currently at 103.64%.

Doliver Advisors LP lifted its position in shares of PepsiCo, Inc. (NASDAQ:PEP - Free Report) by 54.0% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 8,126 shares of the company's stock after buying an additional 2,851 shares during the period. Doliver Advisors LP's holdings in PepsiCo were worth $1,073,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of the company. Nova Wealth Management Inc. purchased a new position in PepsiCo in the 1st quarter worth approximately $25,000. Elite Financial Inc. purchased a new position in PepsiCo in the 1st quarter worth approximately $28,000. Sunbeam Capital Management LLC purchased a new position in PepsiCo in the 4th quarter worth approximately $47,000. MorganRosel Wealth Management LLC purchased a new position in PepsiCo in the 1st quarter worth approximately $55,000. Finally, Migdal Insurance & Financial Holdings Ltd. purchased a new position in PepsiCo in the 1st quarter worth approximately $58,000. 73.07% of the stock is owned by hedge funds and other institutional investors.

PepsiCo Trading Down 0.5%

NASDAQ PEP opened at $143.53 on Friday. 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, Inc. has a twelve month low of $127.60 and a twelve month high of $179.43. The firm has a market capitalization of $196.50 billion, a PE ratio of 26.14, a P/E/G ratio of 3.65 and a beta of 0.46. The stock's 50 day moving average is $143.81 and its 200 day moving average is $140.60.

PepsiCo (NASDAQ:PEP - Get Free Report) last released its quarterly earnings results on Thursday, July 17th. The company reported $2.12 earnings per share 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 company had revenue of $22.73 billion for the quarter, compared to analyst estimates of $22.28 billion. During the same period in the previous year, the company posted $2.28 earnings per share. The firm's revenue was up 1.0% on a year-over-year basis. PepsiCo has set its FY 2025 guidance at 8.038-8.038 EPS. Research analysts forecast that PepsiCo, Inc. will post 8.3 earnings per share for the current fiscal year.

PepsiCo Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, September 30th. Investors of record on Friday, September 5th will be given a dividend of $1.4225 per share. The ex-dividend date is Friday, September 5th. This represents a $5.69 annualized dividend and a dividend yield of 4.0%. PepsiCo's payout ratio is currently 103.64%.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on the company. Deutsche Bank Aktiengesellschaft reaffirmed a "buy" rating on shares of PepsiCo in a research note on Thursday, July 17th. JPMorgan Chase & Co. decreased their price target on PepsiCo from $150.00 to $139.00 and set a "neutral" rating on the stock in a research note on Thursday, July 10th. Bank of America cut their price objective on PepsiCo from $150.00 to $145.00 and set a "neutral" rating on the stock in a research report on Friday, July 11th. Citigroup lifted their price objective on PepsiCo from $160.00 to $168.00 and gave the stock a "buy" rating in a research report on Friday, July 18th. Finally, Royal Bank Of Canada reiterated a "sector perform" rating and issued a $146.00 price objective on shares of PepsiCo in a research report on Wednesday, September 3rd. Four equities research analysts have rated the stock with a Buy rating, fourteen have given a Hold rating and one has assigned a Sell rating to the company's stock. According to MarketBeat, the company presently has a consensus rating of "Hold" and an average target price of $158.67.

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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