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

PepsiCo logo with Consumer Staples background

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%.
  • MarketBeat previews the top five stocks to own by October 1st.

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.

Check Out Our Latest Report on PepsiCo

PepsiCo Company Profile

(Free Report)

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.

Read More

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Institutional Ownership by Quarter for PepsiCo (NASDAQ:PEP)

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