EP Wealth Advisors LLC Has $54.25 Million Stock Holdings in PepsiCo, Inc. $PEP

Key Points

• EP Wealth Advisors LLC increased its stake in PepsiCo by 2.9% in the first quarter, now owning 361,823 shares valued at $54.25 million.
• PepsiCo reported $2.12 EPS for the last quarter, beating analysts' expectations, while quarterly revenue rose to $22.73 billion, a 1% increase year-over-year.
• The company will pay a quarterly dividend of $1.4225 per share on September 30th, reflecting an annualized yield of 3.8%.

EP Wealth Advisors LLC grew its stake in shares of PepsiCo, Inc. (NASDAQ:PEP - Free Report) by 2.9% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 361,823 shares of the company's stock after buying an additional 10,200 shares during the quarter. EP Wealth Advisors LLC's holdings in PepsiCo were worth $54,252,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Asset Management One Co. Ltd. raised its holdings in shares of PepsiCo by 3.6% in the 1st quarter. Asset Management One Co. Ltd. now owns 630,906 shares of the company's stock worth $94,598,000 after purchasing an additional 21,859 shares in the last quarter. Ignite Planners LLC raised its holdings in shares of PepsiCo by 4.2% in the 1st quarter. Ignite Planners LLC now owns 3,773 shares of the company's stock worth $566,000 after purchasing an additional 151 shares in the last quarter. Graybill Wealth Management LTD. bought a new stake in shares of PepsiCo in the 1st quarter worth approximately $3,633,000. OMERS ADMINISTRATION Corp raised its holdings in shares of PepsiCo by 12.1% in the 4th quarter. OMERS ADMINISTRATION Corp now owns 124,797 shares of the company's stock worth $18,977,000 after purchasing an additional 13,461 shares in the last quarter. Finally, Sumitomo Mitsui DS Asset Management Company Ltd raised its holdings in shares of PepsiCo by 2.3% in the 1st quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 270,938 shares of the company's stock worth $40,624,000 after purchasing an additional 6,112 shares in the last quarter. 73.07% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of analysts recently commented on PEP shares. Deutsche Bank Aktiengesellschaft reiterated a "buy" rating on shares of PepsiCo in a report on Thursday, July 17th. Dbs Bank lowered shares of PepsiCo from a "strong-buy" rating to a "hold" rating in a report on Friday, May 9th. Barclays boosted their price target on shares of PepsiCo from $132.00 to $144.00 and gave the company an "equal weight" rating in a report on Monday, July 21st. Wells Fargo & Company boosted 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. Finally, Royal Bank Of Canada restated a "sector perform" rating and set a $146.00 price target on shares of PepsiCo in a report on Wednesday. Four equities research analysts have rated the stock with a Buy rating, fourteen have given a Hold rating and one has issued a Sell rating to the company's stock. Based on data from MarketBeat, PepsiCo has an average rating of "Hold" and an average price target of $158.60.

PepsiCo Stock Performance

PepsiCo stock traded down $1.75 during mid-day trading on Thursday, reaching $146.89. The company had a trading volume of 6,322,912 shares, compared to its average volume of 8,104,346. 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 52 week low of $127.60 and a 52 week high of $179.73. The company has a 50 day moving average of $142.69 and a 200-day moving average of $140.88. The firm has a market cap of $201.10 billion, a price-to-earnings ratio of 26.76, a PEG ratio of 3.29 and a beta of 0.46.

PepsiCo (NASDAQ:PEP - Get Free Report) last issued 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. PepsiCo had a net margin of 8.23% and a return on equity of 57.81%. The firm had revenue of $22.73 billion during the quarter, compared to the consensus estimate of $22.28 billion. During the same period in the prior year, the firm earned $2.28 EPS. The business'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. On average, sell-side analysts expect that PepsiCo, Inc. will post 8.3 EPS for the current fiscal year.

PepsiCo Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, September 30th. Shareholders of record on Friday, September 5th will be issued a $1.4225 dividend. The ex-dividend date of this dividend is Friday, September 5th. This represents a $5.69 dividend on an annualized basis and a yield of 3.9%. PepsiCo's dividend payout ratio is 103.64%.

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.