Farmers Trust Co. Has $7.70 Million Stock Holdings in PepsiCo, Inc. $PEP

Key Points

• Farmers Trust Co. increased its stake in PepsiCo, Inc. by 14.2% during Q2, now owning $7.70 million worth of shares, representing 1.4% of its total portfolio.
• PepsiCo reported $2.12 earnings per share for the last quarter, exceeding analysts' estimates, with a revenue of $22.73 billion.
• The company has declared a quarterly dividend of $1.4225 per share, resulting in an annualized yield of 4.0%.

Farmers Trust Co. increased its position in shares of PepsiCo, Inc. (NASDAQ:PEP - Free Report) by 14.2% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 58,283 shares of the company's stock after buying an additional 7,232 shares during the quarter. PepsiCo accounts for 1.4% of Farmers Trust Co.'s portfolio, making the stock its 15th biggest holding. Farmers Trust Co.'s holdings in PepsiCo were worth $7,696,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also added to or reduced their stakes in the company. Foster Group Inc. boosted its holdings in PepsiCo by 4.6% during the second quarter. Foster Group Inc. now owns 5,169 shares of the company's stock valued at $683,000 after purchasing an additional 229 shares in the last quarter. Asset Management One Co. Ltd. raised its stake in shares of PepsiCo by 3.6% in the first quarter. Asset Management One Co. Ltd. now owns 630,906 shares of the company's stock valued at $94,598,000 after acquiring an additional 21,859 shares during the last quarter. Ignite Planners LLC raised its stake in shares of PepsiCo by 4.2% in the first quarter. Ignite Planners LLC now owns 3,773 shares of the company's stock valued at $566,000 after acquiring an additional 151 shares during the last quarter. Fulton Bank N.A. raised its stake in shares of PepsiCo by 2.5% in the second quarter. Fulton Bank N.A. now owns 25,309 shares of the company's stock valued at $3,342,000 after acquiring an additional 620 shares during the last quarter. Finally, Graybill Wealth Management LTD. bought a new position in PepsiCo in the 1st quarter worth approximately $3,633,000. 73.07% of the stock is owned by institutional investors and hedge funds.

PepsiCo Price Performance

Shares of NASDAQ PEP opened at $141.03 on Tuesday. The firm has a market cap of $193.08 billion, a PE ratio of 25.69, a PEG ratio of 3.58 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, Inc. has a 1-year low of $127.60 and a 1-year high of $177.50. The company has a fifty day moving average price of $144.50 and a 200 day moving average price of $139.87.

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, topping analysts' consensus estimates of $2.03 by $0.09. The firm had revenue of $22.73 billion during the quarter, compared to analyst estimates 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% compared to the same quarter last year. During the same period in the prior year, the business earned $2.28 EPS. PepsiCo has set its FY 2025 guidance at 8.038-8.038 EPS. Research analysts predict that PepsiCo, Inc. will post 8.3 earnings per share for the current fiscal year.

PepsiCo Announces Dividend

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

Wall Street Analyst Weigh In

Several research analysts recently weighed in on the stock. Wells Fargo & Company boosted their price objective 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. Citigroup upped their target price on shares of PepsiCo from $160.00 to $168.00 and gave the company a "buy" rating in a research report on Friday, July 18th. Bank of America dropped their target price on shares of PepsiCo from $150.00 to $145.00 and set a "neutral" rating for the company in a research report on Friday, July 11th. Morgan Stanley upped their target price on shares of PepsiCo from $153.00 to $165.00 and gave the company an "equal weight" rating in a research report on Friday, July 18th. Finally, Deutsche Bank Aktiengesellschaft reiterated a "buy" rating on shares of PepsiCo in a research report on Thursday, July 17th. Four research analysts have rated the stock with a Buy rating, fourteen have given a Hold rating and one has assigned a Sell rating to the company's stock. According to data from MarketBeat.com, the stock presently has an average 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.

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