Exchange Traded Concepts LLC Grows Position in PepsiCo, Inc. $PEP

Key Points

• Exchange Traded Concepts LLC increased its holdings in PepsiCo, acquiring an additional 26,970 shares, bringing its total to 303,186 shares valued at approximately $40 million.
• PepsiCo recently reported a quarterly EPS of $2.12, exceeding analysts' expectations, with total revenue of $22.73 billion, showing a year-over-year increase of 1%.
• The company has announced a quarterly dividend of $1.4225 per share, resulting in an annualized dividend yield of 4.0%, despite a payout ratio exceeding 100%.

Exchange Traded Concepts LLC lifted its holdings in shares of PepsiCo, Inc. (NASDAQ:PEP - Free Report) by 9.8% during the 2nd quarter, according to the company in its most recent filing with the SEC. The fund owned 303,186 shares of the company's stock after purchasing an additional 26,970 shares during the period. Exchange Traded Concepts LLC's holdings in PepsiCo were worth $40,033,000 as of its most recent filing with the SEC.

Other large investors have also added to or reduced their stakes in the company. Nova Wealth Management Inc. bought a new stake in shares of PepsiCo during the 1st quarter valued at about $25,000. Elite Financial Inc. purchased a new position in shares of PepsiCo during the first quarter valued at approximately $28,000. Sunbeam Capital Management LLC purchased a new position in shares of PepsiCo during the fourth quarter valued at approximately $47,000. MorganRosel Wealth Management LLC purchased a new stake in PepsiCo during the first quarter valued at approximately $55,000. Finally, Migdal Insurance & Financial Holdings Ltd. purchased a new stake in PepsiCo during the first quarter valued at approximately $58,000. Institutional investors own 73.07% of the company's stock.

PepsiCo Stock Up 0.7%

NASDAQ PEP traded up $1.03 during trading on Friday, reaching $141.76. 12,355,480 shares of the company's stock traded hands, compared to its average volume of 7,696,786. The company has a debt-to-equity ratio of 2.12, a current ratio of 0.78 and a quick ratio of 0.60. The firm has a market cap of $194.08 billion, a price-to-earnings ratio of 25.82, a price-to-earnings-growth ratio of 3.56 and a beta of 0.46. The company's 50 day simple moving average is $144.39 and its two-hundred day simple moving average is $140.16. 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 posted its earnings results on Thursday, July 17th. The company reported $2.12 EPS for the quarter, beating analysts' consensus estimates of $2.03 by $0.09. The business had revenue of $22.73 billion for the quarter, compared to the consensus estimate of $22.28 billion. PepsiCo had a net margin of 8.23% and a return on equity of 57.81%. The company's revenue for the quarter was up 1.0% on a year-over-year basis. During the same quarter last year, the firm posted $2.28 EPS. PepsiCo has set its FY 2025 guidance at 8.038-8.038 EPS. As a group, sell-side analysts forecast that PepsiCo, Inc. will post 8.3 EPS for the current fiscal year.

PepsiCo Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 30th. Stockholders of record on Friday, September 5th will be given 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 dividend yield of 4.0%. PepsiCo's payout ratio is presently 103.64%.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on PEP shares. Cowen reiterated a "hold" rating on shares of PepsiCo in a research report on Thursday, July 17th. Barclays upped their target price on shares of PepsiCo from $132.00 to $144.00 and gave the stock an "equal weight" rating in a research report on Monday, July 21st. UBS Group dropped their target price on shares of PepsiCo from $175.00 to $170.00 and set a "buy" rating for the company in a research report on Thursday, September 11th. Wells Fargo & Company upped their target price on shares of PepsiCo from $140.00 to $154.00 and gave the stock an "equal weight" rating in a research report on Friday, July 18th. Finally, Morgan Stanley upped their price target on shares of PepsiCo from $153.00 to $165.00 and gave the company an "equal weight" rating in a research note on Friday, July 18th. Four equities research analysts have rated the stock with a Buy rating, fourteen have assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average price target of $158.60.

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.