Financial Partners Group LLC Buys New Position in PepsiCo, Inc. $PEP

Key Points

• Financial Partners Group LLC purchased a new stake in PepsiCo, Inc., acquiring 67,304 shares valued at approximately $8.9 million, making it the company's 12th largest position.
• Several institutional investors, including Nuveen LLC and Vanguard Group Inc., significantly increased their stakes in PepsiCo during recent quarters, with hedge funds collectively owning over 73% of the company's stock.
• PepsiCo announced a quarterly dividend of $1.4225 per share, representing a dividend yield of 4.1%, with the payout ratio at 103.64%.

Financial Partners Group LLC purchased a new stake in PepsiCo, Inc. (NASDAQ:PEP - Free Report) in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 67,304 shares of the company's stock, valued at approximately $8,887,000. PepsiCo accounts for 3.2% of Financial Partners Group LLC's holdings, making the stock its 12th biggest position.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in PEP. Nuveen LLC purchased a new stake in PepsiCo in the 1st quarter valued at about $946,978,000. Kingstone Capital Partners Texas LLC purchased a new stake in PepsiCo in the 2nd quarter valued at about $460,110,000. Assenagon Asset Management S.A. grew its holdings in PepsiCo by 106.1% in the 1st quarter. Assenagon Asset Management S.A. now owns 3,514,965 shares of the company's stock valued at $527,034,000 after buying an additional 1,809,391 shares during the period. Vanguard Group Inc. grew its holdings in shares of PepsiCo by 1.4% during the 1st quarter. Vanguard Group Inc. now owns 135,174,252 shares of the company's stock worth $20,268,027,000 after purchasing an additional 1,802,748 shares during the period. Finally, Charles Schwab Investment Management Inc. increased its position in PepsiCo by 5.0% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 26,475,241 shares of the company's stock worth $3,969,698,000 after purchasing an additional 1,258,198 shares in the last quarter. Hedge funds and other institutional investors own 73.07% of the company's stock.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on the stock. 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. 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. Barclays increased 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. Morgan Stanley increased their target price on shares of PepsiCo from $153.00 to $165.00 and gave the stock an "equal weight" rating in a research report on Friday, July 18th. Finally, JPMorgan Chase & Co. decreased their price target on PepsiCo from $150.00 to $139.00 and set a "neutral" rating for the company in a report on Thursday, July 10th. Four research 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's stock. According to MarketBeat.com, PepsiCo currently has an average rating of "Hold" and an average price target of $158.13.

PepsiCo Stock Up 0.4%

NASDAQ PEP opened at $140.44 on Friday. The stock has a market cap of $192.27 billion, a PE ratio of 25.58, a P/E/G ratio of 3.54 and a beta of 0.46. The company has a quick ratio of 0.60, a current ratio of 0.78 and a debt-to-equity ratio of 2.12. The business has a 50 day moving average price of $144.63 and a two-hundred day moving average price of $139.65. PepsiCo, Inc. has a fifty-two week low of $127.60 and a fifty-two week high of $177.50.

PepsiCo (NASDAQ:PEP - Get Free Report) last released its earnings results on Thursday, July 17th. The company reported $2.12 EPS for the quarter, beating the consensus estimate of $2.03 by $0.09. The company had revenue of $22.73 billion during the quarter, compared to analysts' expectations of $22.28 billion. PepsiCo had a return on equity of 57.81% and a net margin of 8.23%.The business's revenue was up 1.0% on a year-over-year basis. During the same period in the prior year, the business posted $2.28 EPS. PepsiCo has set its FY 2025 guidance at 8.038-8.038 EPS. As a group, sell-side analysts predict that PepsiCo, Inc. will post 8.3 EPS for the current fiscal year.

PepsiCo Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 30th. Stockholders of record on Friday, September 5th will be paid a dividend of $1.4225 per share. This represents a $5.69 annualized dividend and a dividend yield of 4.1%. The ex-dividend date is Friday, September 5th. PepsiCo's dividend payout ratio is 103.64%.

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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