First Bank & Trust Increases Position in PepsiCo, Inc. $PEP

Key Points

• First Bank & Trust increased its stake in PepsiCo, Inc. by 41.9% during the second quarter, now holding 6,721 shares valued at approximately $887,000.
• PepsiCo recently declared a quarterly dividend of $1.4225 per share, reflecting a 4.0% dividend yield, with the ex-dividend date set for September 5th.
• PepsiCo's stock has a current average rating of "Hold" with an average target price of $158.67 according to analysts, following various price adjustments by several investment firms.

First Bank & Trust increased its stake in shares of PepsiCo, Inc. (NASDAQ:PEP - Free Report) by 41.9% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 6,721 shares of the company's stock after purchasing an additional 1,985 shares during the quarter. First Bank & Trust's holdings in PepsiCo were worth $887,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. Asset Management One Co. Ltd. boosted its position in shares of PepsiCo by 3.6% in the 1st quarter. Asset Management One Co. Ltd. now owns 630,906 shares of the company's stock worth $94,598,000 after purchasing an additional 21,859 shares in the last quarter. Ignite Planners LLC increased its position in PepsiCo by 4.2% during the 1st quarter. Ignite Planners LLC now owns 3,773 shares of the company's stock valued at $566,000 after buying an additional 151 shares in the last quarter. Graybill Wealth Management LTD. purchased a new stake in PepsiCo in the first quarter valued at about $3,633,000. Sumitomo Mitsui DS Asset Management Company Ltd boosted its holdings in PepsiCo by 2.3% in the first quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 270,938 shares of the company's stock worth $40,624,000 after acquiring an additional 6,112 shares in the last quarter. Finally, Inspire Trust Co. N.A. grew its stake in shares of PepsiCo by 39.2% during the fourth quarter. Inspire Trust Co. N.A. now owns 17,125 shares of the company's stock worth $2,604,000 after acquiring an additional 4,825 shares during the last quarter. 73.07% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

PEP has been the subject of several research analyst reports. Royal Bank Of Canada reaffirmed a "sector perform" rating and issued a $146.00 price objective on shares of PepsiCo in a research report on Wednesday, September 3rd. JPMorgan Chase & Co. decreased their price target on shares of PepsiCo from $150.00 to $139.00 and set a "neutral" rating for the company in a report on Thursday, July 10th. Cowen reiterated a "hold" rating on shares of PepsiCo in a research note on Thursday, July 17th. Wells Fargo & Company upped their target price on PepsiCo from $140.00 to $154.00 and gave the company an "equal weight" rating in a research report on Friday, July 18th. Finally, Barclays raised their price target 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. Four analysts have rated the stock with a Buy rating, fourteen have given a Hold rating and one has given a Sell rating to the company's stock. According to MarketBeat, the stock currently has an average rating of "Hold" and an average target price of $158.67.

PepsiCo Trading Down 2.0%

PEP opened at $140.64 on Tuesday. The firm has a market capitalization of $192.55 billion, a price-to-earnings ratio of 25.62, a price-to-earnings-growth ratio of 3.63 and a beta of 0.46. The company's 50 day simple moving average is $143.93 and its two-hundred day simple moving average is $140.35. PepsiCo, Inc. has a 1-year low of $127.60 and a 1-year high of $179.43. The company has a debt-to-equity ratio of 2.12, a current ratio of 0.78 and a quick ratio of 0.60.

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

PepsiCo Dividend Announcement

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

About PepsiCo

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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