First Pacific Financial Grows Stock Holdings in PepsiCo, Inc. $PEP

Key Points

• First Pacific Financial significantly increased its stake in PepsiCo by 3,466.9% during the second quarter, now owning 20,795 shares valued at approximately $2.75 million.
• PepsiCo reported a quarterly earnings per share (EPS) of $2.12, surpassing estimates and achieving a 1.0% increase in revenue compared to the previous year.
• The company recently declared a quarterly dividend of $1.4225, which corresponds to an annualized dividend of $5.69 and a yield of 4.1%.

First Pacific Financial increased its position in shares of PepsiCo, Inc. (NASDAQ:PEP - Free Report) by 3,466.9% during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 20,795 shares of the company's stock after buying an additional 20,212 shares during the quarter. First Pacific Financial's holdings in PepsiCo were worth $2,746,000 at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in the stock. 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. Vantage Wealth lifted its position in PepsiCo by 13.7% in the first quarter. Vantage Wealth now owns 120,733 shares of the company's stock valued at $18,103,000 after acquiring an additional 14,505 shares during the last quarter. Merit Financial Group LLC lifted its position in PepsiCo by 18.9% in the first quarter. Merit Financial Group LLC now owns 78,105 shares of the company's stock valued at $11,711,000 after acquiring an additional 12,406 shares during the last quarter. HBW Advisory Services LLC lifted its position in PepsiCo by 5.5% in the first quarter. HBW Advisory Services LLC now owns 25,072 shares of the company's stock valued at $3,759,000 after acquiring an additional 1,297 shares during the last quarter. Finally, InvesTrust lifted its position in PepsiCo by 1.1% in the first quarter. InvesTrust now owns 41,697 shares of the company's stock valued at $6,252,000 after acquiring an additional 441 shares during the last quarter. Institutional investors and hedge funds own 73.07% of the company's stock.

PepsiCo Stock Up 0.2%

PEP stock opened at $140.44 on Wednesday. The company's 50 day simple moving average is $144.49 and its 200-day simple moving average is $139.54. The firm has a market capitalization of $192.27 billion, a PE ratio of 25.58, a P/E/G ratio of 3.54 and a beta of 0.46. PepsiCo, Inc. has a 12 month low of $127.60 and a 12 month high of $177.50. 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 announced its quarterly earnings data 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. The business had revenue of $22.73 billion for the quarter, compared to the consensus estimate of $22.28 billion. PepsiCo had a net margin of 8.23% and a return on equity of 57.81%. The company's quarterly revenue was up 1.0% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $2.28 earnings per share. PepsiCo has set its FY 2025 guidance at 8.038-8.038 EPS. Equities analysts expect that PepsiCo, Inc. will post 8.3 earnings per share for the current fiscal year.

PepsiCo Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, September 30th. Stockholders of record on Friday, September 5th were paid a $1.4225 dividend. This represents a $5.69 dividend on an annualized basis and a dividend yield of 4.1%. The ex-dividend date of this dividend was Friday, September 5th. PepsiCo's dividend payout ratio (DPR) is currently 103.64%.

Analyst Ratings Changes

A number of equities research analysts have recently commented on the stock. Deutsche Bank Aktiengesellschaft reaffirmed a "buy" rating on shares of PepsiCo in a report on Thursday, July 17th. Royal Bank Of Canada cut their price target on shares of PepsiCo from $146.00 to $145.00 and set a "sector perform" rating for the company in a report on Monday, September 15th. Barclays increased their price target on shares of PepsiCo from $132.00 to $144.00 and gave the stock an "equal weight" rating in a report on Monday, July 21st. Bank of America cut their price target on shares of PepsiCo from $150.00 to $145.00 and set a "neutral" rating for the company in a report on Friday, July 11th. Finally, Cowen reissued a "hold" rating on shares of PepsiCo in a report on Thursday, July 17th. Four 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. According to data from MarketBeat, the company has an average rating of "Hold" and a consensus price target of $158.13.

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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