Financial Strategies Group Inc. Increases Stock Position in PepsiCo, Inc. $PEP

Key Points

• Financial Strategies Group Inc. increased its stake in PepsiCo, Inc. by 42% in Q1, owning a total of 41,235 shares valued at approximately $5.89 million.
• PepsiCo's quarterly earnings topped expectations, with an EPS of $2.12 and revenues reaching $22.73 billion, surpassing consensus estimates.
• The company declared a $1.4225 quarterly dividend, reflecting a 3.9% yield and a payout ratio of 103.64% as it continues to grow its investment base.

Financial Strategies Group Inc. lifted its stake in PepsiCo, Inc. (NASDAQ:PEP - Free Report) by 42.0% during the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 41,235 shares of the company's stock after purchasing an additional 12,201 shares during the period. PepsiCo accounts for approximately 1.4% of Financial Strategies Group Inc.'s holdings, making the stock its 23rd largest holding. Financial Strategies Group Inc.'s holdings in PepsiCo were worth $5,890,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in PEP. Vanguard Group Inc. increased its holdings in PepsiCo by 1.4% during the first quarter. Vanguard Group Inc. now owns 135,174,252 shares of the company's stock worth $20,268,027,000 after buying an additional 1,802,748 shares during the last quarter. Charles Schwab Investment Management Inc. increased its stake in shares of 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 during the last quarter. Bank of New York Mellon Corp grew its holdings in PepsiCo by 0.4% during the first quarter. Bank of New York Mellon Corp now owns 14,062,857 shares of the company's stock worth $2,108,585,000 after purchasing an additional 49,699 shares during the period. Invesco Ltd. grew its holdings in PepsiCo by 4.5% during the first quarter. Invesco Ltd. now owns 11,328,158 shares of the company's stock worth $1,698,544,000 after purchasing an additional 491,894 shares during the period. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its holdings in shares of PepsiCo by 3.8% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 11,317,520 shares of the company's stock worth $1,720,942,000 after acquiring an additional 416,537 shares during the last quarter. Institutional investors own 73.07% of the company's stock.

PepsiCo Price Performance

Shares of PepsiCo stock traded up $1.39 on Tuesday, reaching $143.10. 5,852,496 shares of the stock were exchanged, compared to its average volume of 8,398,995. The firm's 50 day moving average is $143.35 and its 200-day moving average is $140.74. The firm has a market cap of $195.92 billion, a PE ratio of 26.07, a P/E/G ratio of 3.58 and a beta of 0.46. The company has a debt-to-equity ratio of 2.12, a quick ratio of 0.60 and a current ratio of 0.78. PepsiCo, Inc. has a one year low of $127.60 and a one year high of $179.43.

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

PepsiCo Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 30th. Shareholders of record on Friday, September 5th will be paid a $1.4225 dividend. This represents a $5.69 dividend on an annualized basis and a yield of 4.0%. The ex-dividend date of this dividend is Friday, September 5th. PepsiCo's dividend payout ratio (DPR) is 103.64%.

Wall Street Analyst Weigh In

Several research analysts have weighed in on PEP shares. Wells Fargo & Company increased their price target on shares of PepsiCo from $140.00 to $154.00 and gave the company an "equal weight" rating in a report on Friday, July 18th. Barclays lifted their price target on PepsiCo from $132.00 to $144.00 and gave the stock an "equal weight" rating in a report on Monday, July 21st. Royal Bank Of Canada reaffirmed a "sector perform" rating and issued a $146.00 price objective on shares of PepsiCo in a report on Wednesday, September 3rd. Morgan Stanley upped their price objective on PepsiCo from $153.00 to $165.00 and gave the company an "equal weight" rating in a report on Friday, July 18th. Finally, Bank of America decreased their price objective on PepsiCo from $150.00 to $145.00 and set a "neutral" rating on the stock in a report on Friday, July 11th. Four analysts have rated the stock with a Buy rating, fourteen have issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the company has an average rating of "Hold" and a consensus 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.