Fort Washington Investment Advisors Inc. OH Has $53.26 Million Stock Holdings in PepsiCo, Inc. $PEP

Key Points

• Fort Washington Investment Advisors Inc. increased its holdings in PepsiCo by 1.4%, totaling $53.26 million with 403,330 shares owned, following the acquisition of an additional 5,487 shares in the second quarter.
• PepsiCo reported earnings of $2.12 per share for the last quarter, exceeding analysts' expectations, and revenue of $22.73 billion, a year-over-year growth of 1.0%.
• The company recently declared a quarterly dividend of $1.4225 per share, providing an annualized yield of 4.1%, with a payout ratio currently at 103.64%.

Fort Washington Investment Advisors Inc. OH boosted its holdings in shares of PepsiCo, Inc. (NASDAQ:PEP - Free Report) by 1.4% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 403,330 shares of the company's stock after buying an additional 5,487 shares during the period. Fort Washington Investment Advisors Inc. OH's holdings in PepsiCo were worth $53,256,000 as of its most recent SEC filing.

Several other institutional investors have also recently bought and sold shares of the business. WD Rutherford LLC bought a new stake in shares of PepsiCo in the 2nd quarter worth $83,000. Stockman Wealth Management Inc. grew its stake in shares of PepsiCo by 8.9% in the 2nd quarter. Stockman Wealth Management Inc. now owns 87,298 shares of the company's stock worth $11,527,000 after acquiring an additional 7,167 shares in the last quarter. Financial Partners Group LLC bought a new position in PepsiCo during the second quarter valued at about $8,887,000. Avior Wealth Management LLC grew its position in PepsiCo by 9.6% during the second quarter. Avior Wealth Management LLC now owns 17,493 shares of the company's stock valued at $2,310,000 after buying an additional 1,537 shares during the period. Finally, Virginia Wealth Management Group Inc. grew its position in PepsiCo by 61.8% during the second quarter. Virginia Wealth Management Group Inc. now owns 37,252 shares of the company's stock valued at $4,919,000 after buying an additional 14,234 shares during the period. Institutional investors and hedge funds own 73.07% of the company's stock.

Wall Street Analysts Forecast Growth

PEP has been the subject of several research reports. JPMorgan Chase & Co. reduced their price target on shares of PepsiCo from $150.00 to $139.00 and set a "neutral" rating for the company in a research report on Thursday, July 10th. Morgan Stanley upped their price objective on shares of PepsiCo from $153.00 to $165.00 and gave the company an "equal weight" rating in a report on Friday, July 18th. Bank of America dropped their price objective on shares of PepsiCo from $150.00 to $145.00 and set a "neutral" rating on the stock in a report on Friday, July 11th. Deutsche Bank Aktiengesellschaft reaffirmed a "buy" rating on shares of PepsiCo in a report on Thursday, July 17th. Finally, Royal Bank Of Canada dropped their price objective on shares of PepsiCo from $146.00 to $145.00 and set a "sector perform" rating on the stock in a report on Monday, September 15th. Four research analysts have rated the stock with a Buy rating, fourteen have issued a Hold rating and one has assigned a Sell rating to the company's stock. According to data from MarketBeat.com, the company currently has an average rating of "Hold" and an average target price of $158.13.

PepsiCo Trading Up 0.4%

Shares of PepsiCo stock opened at $140.44 on Friday. PepsiCo, Inc. has a 12-month low of $127.60 and a 12-month high of $177.50. The company has a market cap of $192.27 billion, a price-to-earnings ratio of 25.58, a PEG ratio of 3.54 and a beta of 0.46. The company has a current ratio of 0.78, a quick ratio of 0.60 and a debt-to-equity ratio of 2.12. The company's 50-day moving average price is $144.63 and its 200-day moving average price is $139.65.

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, topping analysts' consensus estimates 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 for the quarter, compared to the consensus estimate of $22.28 billion. During the same period in the prior year, the firm posted $2.28 earnings per share. The company's revenue for the quarter was up 1.0% on a year-over-year basis. PepsiCo has set its FY 2025 guidance at 8.038-8.038 EPS. On average, equities analysts expect that PepsiCo, Inc. will post 8.3 earnings per share for the current fiscal year.

PepsiCo Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, September 30th. Investors 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 4.1%. The ex-dividend date of this dividend is Friday, September 5th. PepsiCo's dividend payout ratio (DPR) is currently 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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