Hilltop National Bank Takes Position in PepsiCo, Inc. $PEP

Key Points

• Hilltop National Bank acquired a new stake in PepsiCo, purchasing 17,008 shares valued at approximately $2.246 million during the second quarter.
• PepsiCo reported a quarterly earnings per share (EPS) of $2.12, exceeding analyst expectations, with a revenue of $22.73 billion for the quarter.
• The company declared a quarterly dividend of $1.4225 per share, reflecting a 4.0% yield, although the dividend payout ratio currently stands at 103.64%.

Hilltop National Bank bought a new stake in PepsiCo, Inc. (NASDAQ:PEP - Free Report) during the second quarter, according to its most recent disclosure with the SEC. The institutional investor bought 17,008 shares of the company's stock, valued at approximately $2,246,000.

A number of other institutional investors and hedge funds also recently modified their holdings of the company. Nova Wealth Management Inc. bought a new position in PepsiCo in the 1st quarter valued at about $25,000. Elite Financial Inc. bought a new position in PepsiCo in the 1st quarter valued at about $28,000. Legend Financial Advisors Inc. bought a new position in PepsiCo in the 2nd quarter valued at about $29,000. Investment Research & Advisory Group Inc. raised its holdings in PepsiCo by 263.6% in the 2nd quarter. Investment Research & Advisory Group Inc. now owns 320 shares of the company's stock valued at $42,000 after acquiring an additional 232 shares during the period. Finally, MorganRosel Wealth Management LLC bought a new position in PepsiCo in the 1st quarter valued at about $55,000. 73.07% of the stock is owned by institutional investors.

PepsiCo Stock Performance

NASDAQ PEP opened at $142.31 on Friday. 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 firm has a market capitalization of $194.83 billion, a price-to-earnings ratio of 25.92, a P/E/G ratio of 3.61 and a beta of 0.46. The firm's 50 day simple moving average is $144.39 and its 200 day simple moving average is $139.50. PepsiCo, Inc. has a 1 year low of $127.60 and a 1 year high of $177.50.

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, topping the consensus estimate of $2.03 by $0.09. The business had revenue of $22.73 billion for the quarter, compared to analyst estimates of $22.28 billion. PepsiCo had a net margin of 8.23% and a return on equity of 57.81%. The firm's revenue for the quarter was up 1.0% on a year-over-year basis. During the same quarter last year, the business posted $2.28 EPS. PepsiCo has set its FY 2025 guidance at 8.038-8.038 EPS. As a group, research analysts expect that PepsiCo, Inc. will post 8.3 earnings per share for the current fiscal year.

PepsiCo Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, September 30th. Investors of record on Friday, September 5th were given a dividend of $1.4225 per share. The ex-dividend date was Friday, September 5th. This represents a $5.69 annualized dividend and a dividend yield of 4.0%. PepsiCo's dividend payout ratio (DPR) is currently 103.64%.

Analysts Set New Price Targets

Several research analysts have weighed in on the stock. Citigroup lowered their price target on shares of PepsiCo from $168.00 to $165.00 and set a "buy" rating on the stock in a report on Thursday, September 25th. Barclays lowered their price target on shares of PepsiCo from $144.00 to $140.00 and set an "equal weight" rating on the stock in a report on Thursday. JPMorgan Chase & Co. lowered their price target on shares of PepsiCo from $150.00 to $139.00 and set a "neutral" rating on the stock in a report on Thursday, July 10th. Wells Fargo & Company decreased their target price on shares of PepsiCo from $154.00 to $150.00 and set an "equal weight" rating on the stock in a research report on Thursday, September 25th. Finally, Deutsche Bank Aktiengesellschaft restated a "buy" rating on shares of PepsiCo in a research report on Thursday, July 17th. Four research 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's stock. According to MarketBeat, PepsiCo currently has an average rating of "Hold" and a consensus price target of $157.87.

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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