Howe & Rusling Inc. Has $13.62 Million Stake in PepsiCo, Inc. $PEP

Key Points

• Howe & Rusling Inc. increased its stake in PepsiCo by 18.4% to a total investment of $13.62 million, holding 90,846 shares as of the last quarter.
• PepsiCo reported earnings of $2.12 per share, exceeding analysts' expectations of $2.03, with revenues reaching $22.73 billion.
• The company announced a quarterly dividend of $1.4225 per share, representing an annualized dividend yield of 3.9%.

Howe & Rusling Inc. boosted its position in PepsiCo, Inc. (NASDAQ:PEP - Free Report) by 18.4% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 90,846 shares of the company's stock after buying an additional 14,124 shares during the period. PepsiCo makes up 1.1% of Howe & Rusling Inc.'s holdings, making the stock its 24th biggest holding. Howe & Rusling Inc.'s holdings in PepsiCo were worth $13,621,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also bought and sold shares of PEP. Nova Wealth Management Inc. acquired a new position in shares of PepsiCo during the first quarter valued at about $25,000. Elite Financial Inc. acquired a new stake in shares of PepsiCo in the 1st quarter valued at about $28,000. Sunbeam Capital Management LLC acquired a new stake in shares of PepsiCo in the 4th quarter valued at about $47,000. MorganRosel Wealth Management LLC acquired a new stake in shares of PepsiCo in the 1st quarter valued at about $55,000. Finally, Migdal Insurance & Financial Holdings Ltd. acquired a new stake in shares of PepsiCo in the 1st quarter valued at about $58,000. Institutional investors and hedge funds own 73.07% of the company's stock.

PepsiCo Trading Up 1.1%

PEP opened at $144.23 on Friday. 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, Inc. has a fifty-two week low of $127.60 and a fifty-two week high of $179.43. The firm has a market capitalization of $197.46 billion, a PE ratio of 26.27, a P/E/G ratio of 3.61 and a beta of 0.46. The company's 50-day moving average is $143.65 and its 200 day moving average is $140.69.

PepsiCo (NASDAQ:PEP - Get Free Report) last posted its earnings results on Thursday, July 17th. The company reported $2.12 earnings per share for the quarter, topping analysts' consensus estimates of $2.03 by $0.09. The company 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 was up 1.0% compared to the same quarter last year. During the same quarter in the prior 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 predict that PepsiCo, Inc. will post 8.3 earnings per share for the current fiscal year.

PepsiCo Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 30th. Shareholders of record on Friday, September 5th will be given 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 dividend yield of 3.9%. PepsiCo's dividend payout ratio (DPR) is currently 103.64%.

Analyst Upgrades and Downgrades

PEP has been the subject of several research reports. Morgan Stanley raised their target price on PepsiCo from $153.00 to $165.00 and gave the company an "equal weight" rating in a research note on Friday, July 18th. Bank of America reduced their target price on PepsiCo from $150.00 to $145.00 and set a "neutral" rating for the company in a research note on Friday, July 11th. UBS Group reduced their target price on PepsiCo from $175.00 to $170.00 and set a "buy" rating for the company in a research note on Thursday. Deutsche Bank Aktiengesellschaft restated a "buy" rating on shares of PepsiCo in a research note on Thursday, July 17th. Finally, Royal Bank Of Canada restated a "sector perform" rating and issued a $146.00 target price on shares of PepsiCo in a report on Wednesday, September 3rd. Four research analysts have rated the stock with a Buy rating, fourteen have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, PepsiCo currently has an average rating of "Hold" and a consensus price target of $158.67.

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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