Evergreen Capital Management LLC Has $7.14 Million Stock Position in PepsiCo, Inc. $PEP

Key Points

• Evergreen Capital Management LLC increased its stake in PepsiCo by 252.9%, purchasing an additional 34,123 shares, bringing its total to 47,618 shares valued at $7.14 million.
• PepsiCo's latest quarterly earnings exceeded expectations with $2.12 earnings per share and revenues of $22.73 billion, showing a year-over-year revenue increase of 1%.
• The company has announced a quarterly dividend of $1.4225, which will be paid out on September 30th, representing a yield of 3.8% and a dividend payout ratio of 103.64%.

Evergreen Capital Management LLC grew its position in PepsiCo, Inc. (NASDAQ:PEP - Free Report) by 252.9% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 47,618 shares of the company's stock after purchasing an additional 34,123 shares during the period. Evergreen Capital Management LLC's holdings in PepsiCo were worth $7,140,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of the company. Magnetar Financial LLC acquired a new position in PepsiCo in the 1st quarter worth about $11,491,000. WPG Advisers LLC acquired a new position in PepsiCo in the 1st quarter worth about $127,000. Gerber Kawasaki Wealth & Investment Management increased its position in PepsiCo by 27.0% in the 1st quarter. Gerber Kawasaki Wealth & Investment Management now owns 3,775 shares of the company's stock worth $566,000 after purchasing an additional 803 shares during the last quarter. Landscape Capital Management L.L.C. acquired a new position in PepsiCo in the 1st quarter worth about $2,547,000. Finally, Northstar Financial Companies Inc. increased its position in PepsiCo by 21.3% in the 1st quarter. Northstar Financial Companies Inc. now owns 5,525 shares of the company's stock worth $828,000 after purchasing an additional 969 shares during the last quarter. 73.07% of the stock is owned by institutional investors and hedge funds.

PepsiCo Stock Performance

NASDAQ:PEP traded up $1.67 during mid-day trading on Monday, hitting $148.65. 7,757,444 shares of the company's stock traded hands, compared to its average volume of 7,707,316. The firm has a 50 day moving average of $141.52 and a two-hundred day moving average of $140.74. PepsiCo, Inc. has a 12 month low of $127.60 and a 12 month high of $179.73. The firm has a market capitalization of $203.51 billion, a price-to-earnings ratio of 27.08, a price-to-earnings-growth ratio of 3.96 and a beta of 0.46. The company has a current ratio of 0.78, a quick ratio of 0.60 and a debt-to-equity ratio of 2.12.

PepsiCo (NASDAQ:PEP - Get Free Report) last announced its 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 firm had revenue of $22.73 billion during the quarter, compared to the consensus estimate of $22.28 billion. During the same quarter in the prior year, the company earned $2.28 EPS. The firm's revenue for the quarter was up 1.0% compared to the same quarter last year. 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 Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 30th. Investors of record on Friday, September 5th will be paid a dividend of $1.4225 per share. The ex-dividend date is Friday, September 5th. This represents a $5.69 annualized dividend and a yield of 3.8%. PepsiCo's dividend payout ratio is presently 103.64%.

Analyst Upgrades and Downgrades

Several analysts have recently issued reports on PEP shares. Citigroup upped their price target on PepsiCo from $160.00 to $168.00 and gave the stock a "buy" rating in a research note on Friday, July 18th. Morgan Stanley upped their price target on PepsiCo from $153.00 to $165.00 and gave the stock an "equal weight" rating in a research note on Friday, July 18th. Royal Bank Of Canada reiterated a "sector perform" rating and set a $148.00 price target on shares of PepsiCo in a research note on Tuesday, June 24th. Cowen reiterated a "hold" rating on shares of PepsiCo in a research note on Thursday, July 17th. Finally, JPMorgan Chase & Co. decreased their price target on PepsiCo from $150.00 to $139.00 and set a "neutral" rating for the company in a research note on Thursday, July 10th. Four equities research analysts have rated the stock with a Buy rating, fourteen have issued a Hold rating and one has given a Sell rating to the company's stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Hold" and an average price target of $158.73.

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.