First Financial Bankshares Inc Has $69.08 Million Stock Holdings in PepsiCo, Inc. $PEP

Key Points

• First Financial Bankshares Inc increased its holdings in PepsiCo, Inc by 4.6%, owning 460,696 shares valued at $69,077,000, making it the bank's 20th largest position.
• PepsiCo's latest earnings report showed an EPS of $2.12, exceeding analyst estimates of $2.03, with revenues reaching $22.73 billion, a 1.0% increase year-over-year.
• PepsiCo recently announced a quarterly dividend of $1.4225, set to be paid on September 30th, translating to an annual yield of 3.8%.

First Financial Bankshares Inc grew its holdings in PepsiCo, Inc. (NASDAQ:PEP - Free Report) by 4.6% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 460,696 shares of the company's stock after purchasing an additional 20,215 shares during the quarter. PepsiCo comprises approximately 1.5% of First Financial Bankshares Inc's portfolio, making the stock its 20th largest holding. First Financial Bankshares Inc's holdings in PepsiCo were worth $69,077,000 as of its most recent SEC filing.

A number of other institutional investors have also bought and sold shares of PEP. Brighton Jones LLC lifted its position in PepsiCo by 12.4% in the fourth quarter. Brighton Jones LLC now owns 59,392 shares of the company's stock valued at $9,031,000 after acquiring an additional 6,574 shares during the last quarter. Bank Pictet & Cie Europe AG lifted its position in PepsiCo by 2.5% in the fourth quarter. Bank Pictet & Cie Europe AG now owns 470,387 shares of the company's stock valued at $71,527,000 after acquiring an additional 11,538 shares during the last quarter. BNP Paribas lifted its position in PepsiCo by 3.0% in the fourth quarter. BNP Paribas now owns 52,441 shares of the company's stock valued at $7,962,000 after acquiring an additional 1,535 shares during the last quarter. BLI Banque de Luxembourg Investments purchased a new stake in PepsiCo in the fourth quarter valued at $73,849,000. Finally, Bearing Point Capital LLC purchased a new stake in PepsiCo in the fourth quarter valued at $213,000. 73.07% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of research analysts have commented on the stock. Morgan Stanley lifted their price objective on shares of PepsiCo from $153.00 to $165.00 and gave the company an "equal weight" rating in a research note on Friday, July 18th. Barclays lifted their price objective on shares of PepsiCo from $132.00 to $144.00 and gave the company an "equal weight" rating in a research note on Monday, July 21st. Deutsche Bank Aktiengesellschaft restated a "buy" rating on shares of PepsiCo in a research note on Thursday, July 17th. Royal Bank Of Canada restated a "sector perform" rating and issued a $146.00 price objective on shares of PepsiCo in a research note on Wednesday. Finally, Cowen reiterated a "hold" rating on shares of PepsiCo in a research note on Thursday, July 17th. Four analysts have rated the stock with a Buy rating, fourteen have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus target price of $158.60.

PepsiCo Price Performance

Shares of NASDAQ PEP traded down $1.64 on Wednesday, hitting $148.64. The company's stock had a trading volume of 11,245,271 shares, compared to its average volume of 7,288,083. PepsiCo, Inc. has a 12-month low of $127.60 and a 12-month high of $179.73. The company has a market capitalization of $203.50 billion, a price-to-earnings ratio of 27.07, a price-to-earnings-growth ratio of 3.96 and a beta of 0.46. The company has a debt-to-equity ratio of 2.12, a current ratio of 0.78 and a quick ratio of 0.60. The stock has a 50 day moving average of $142.32 and a 200-day moving average of $140.86.

PepsiCo (NASDAQ:PEP - Get Free Report) last issued its quarterly earnings results on Thursday, July 17th. The company reported $2.12 EPS for the quarter, topping 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 firm had revenue of $22.73 billion during the quarter, compared to analyst estimates of $22.28 billion. During the same quarter in the prior year, the business posted $2.28 earnings per share. PepsiCo's revenue for the quarter was up 1.0% compared to the same quarter last year. PepsiCo has set its FY 2025 guidance at 8.038-8.038 EPS. As a group, research analysts predict that PepsiCo, Inc. will post 8.3 EPS for the current year.

PepsiCo Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, September 30th. Shareholders of record on Friday, September 5th will be paid 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 3.8%. PepsiCo's dividend payout ratio (DPR) is presently 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.