PepsiCo, Inc. $PEP Shares Purchased by Exchange Traded Concepts LLC

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 boosted its holdings in PepsiCo, Inc. (NASDAQ:PEP - Free Report) by 9.8% during the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 303,186 shares of the company's stock after acquiring an additional 26,970 shares during the quarter. Exchange Traded Concepts LLC's holdings in PepsiCo were worth $40,033,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Nova Wealth Management Inc. purchased a new stake in PepsiCo during the 1st quarter valued at about $25,000. Elite Financial Inc. purchased a new stake in PepsiCo during the 1st quarter valued at about $28,000. Sunbeam Capital Management LLC purchased a new stake in PepsiCo during the 4th quarter valued at about $47,000. MorganRosel Wealth Management LLC purchased a new stake in PepsiCo during the 1st quarter valued at about $55,000. Finally, Migdal Insurance & Financial Holdings Ltd. purchased a new stake in PepsiCo during the 1st quarter valued at about $58,000. 73.07% of the stock is currently owned by institutional investors.

PepsiCo Trading Down 0.4%

NASDAQ PEP traded down $0.60 during trading hours on Monday, hitting $141.16. 2,325,369 shares of the company were exchanged, compared to its average volume of 8,449,472. The stock has a 50-day moving average price of $144.39 and a 200 day moving average price of $139.97. 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 $177.50. The stock has a market cap of $193.26 billion, a PE ratio of 25.71, a price-to-earnings-growth ratio of 3.58 and a beta of 0.46.

PepsiCo (NASDAQ:PEP - Get Free Report) last announced its quarterly earnings data on Thursday, July 17th. The company reported $2.12 earnings per share (EPS) for the quarter, topping 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 analysts' expectations of $22.28 billion. During the same quarter in the prior year, the firm earned $2.28 earnings per share. PepsiCo'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. Analysts forecast that PepsiCo, Inc. will post 8.3 earnings per share for the current fiscal year.

PepsiCo Announces Dividend

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

Wall Street Analysts Forecast Growth

PEP has been the subject of several analyst reports. Wells Fargo & Company increased their target price on PepsiCo from $140.00 to $154.00 and gave the company an "equal weight" rating in a report on Friday, July 18th. Citigroup raised their target price on PepsiCo from $160.00 to $168.00 and gave the company a "buy" rating in a research note on Friday, July 18th. Morgan Stanley raised their price objective on PepsiCo from $153.00 to $165.00 and gave the company an "equal weight" rating in a research report on Friday, July 18th. UBS Group dropped their price target on PepsiCo from $175.00 to $170.00 and set a "buy" rating on the stock in a research note on Thursday, September 11th. Finally, JPMorgan Chase & Co. lowered their target price on PepsiCo from $150.00 to $139.00 and set a "neutral" rating on the stock in a research report 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 issued a Sell rating to the company's stock. According to MarketBeat, PepsiCo presently has a consensus rating of "Hold" and a consensus target price 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.