Family Capital Management Inc. Makes New $401,000 Investment in PepsiCo, Inc. $PEP

Key Points

• Family Capital Management Inc. has made a new investment of approximately $401,000 in PepsiCo, Inc., acquiring 3,039 shares during the second quarter.
• PepsiCo reported quarterly earnings of $2.29 per share, beating expectations, alongside a revenue of $23.94 billion, showing a year-over-year increase of 2.7%.
• The company recently announced a quarterly dividend of $1.4225 per share, reflecting an annualized yield of 3.7% while its payout ratio stands at 108.17%.

Family Capital Management Inc. acquired a new position in PepsiCo, Inc. (NASDAQ:PEP - Free Report) in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 3,039 shares of the company's stock, valued at approximately $401,000.

Several other large investors also recently bought and sold shares of the company. Nuveen LLC purchased a new position in shares of PepsiCo in the first quarter valued at $946,978,000. Kingstone Capital Partners Texas LLC purchased a new position in shares of PepsiCo in the second quarter valued at $460,110,000. Vanguard Group Inc. increased its position in shares of PepsiCo by 1.4% in the first quarter. Vanguard Group Inc. now owns 135,174,252 shares of the company's stock valued at $20,268,027,000 after buying an additional 1,802,748 shares in the last quarter. Charles Schwab Investment Management Inc. increased its position in shares of PepsiCo by 5.0% in the first quarter. Charles Schwab Investment Management Inc. now owns 26,475,241 shares of the company's stock valued at $3,969,698,000 after buying an additional 1,258,198 shares in the last quarter. Finally, Deutsche Bank AG increased its position in shares of PepsiCo by 14.3% in the first quarter. Deutsche Bank AG now owns 9,296,022 shares of the company's stock valued at $1,393,846,000 after buying an additional 1,165,745 shares in the last quarter. Institutional investors and hedge funds own 73.07% of the company's stock.

PepsiCo Stock Down 0.3%

PEP opened at $153.18 on Wednesday. The company has a debt-to-equity ratio of 2.26, a current ratio of 0.91 and a quick ratio of 0.72. The stock has a market capitalization of $209.45 billion, a price-to-earnings ratio of 29.12, a price-to-earnings-growth ratio of 3.74 and a beta of 0.46. The business has a 50-day moving average of $145.82 and a two-hundred day moving average of $139.39. PepsiCo, Inc. has a 12 month low of $127.60 and a 12 month high of $174.95.

PepsiCo (NASDAQ:PEP - Get Free Report) last posted its quarterly earnings results on Thursday, October 9th. The company reported $2.29 EPS for the quarter, beating the consensus estimate of $2.26 by $0.03. PepsiCo had a return on equity of 57.58% and a net margin of 7.82%.The company had revenue of $23.94 billion during the quarter, compared to analysts' expectations of $23.91 billion. During the same quarter in the previous year, the business earned $2.31 EPS. The firm's revenue was up 2.7% on a year-over-year basis. PepsiCo has set its FY 2025 guidance at 8.120-8.120 EPS. On average, research analysts expect that PepsiCo, Inc. will post 8.3 earnings per share for the current year.

PepsiCo Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, September 30th. Stockholders of record on Friday, September 5th were issued a dividend of $1.4225 per share. The ex-dividend date was Friday, September 5th. This represents a $5.69 dividend on an annualized basis and a dividend yield of 3.7%. PepsiCo's payout ratio is presently 108.17%.

Analyst Ratings Changes

A number of research analysts have recently weighed in on the company. Jefferies Financial Group raised their price target on PepsiCo from $161.00 to $163.00 and gave the company a "hold" rating in a research report on Friday, October 10th. Royal Bank Of Canada cut their target price on shares of PepsiCo from $146.00 to $145.00 and set a "sector perform" rating for the company in a research note on Monday, September 15th. JPMorgan Chase & Co. cut their target price on shares of PepsiCo from $157.00 to $151.00 and set a "neutral" rating for the company in a research note on Monday, October 6th. DZ Bank raised shares of PepsiCo from a "hold" rating to a "buy" rating and set a $167.00 target price for the company in a research note on Tuesday. Finally, Barclays boosted their target price on shares of PepsiCo from $140.00 to $142.00 and gave the company an "equal weight" rating in a research note on Friday, October 10th. Seven analysts have rated the stock with a Buy rating, fourteen have assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the stock currently has an average rating of "Hold" and an average price target of $156.58.

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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