Infusive Asset Management Inc. Purchases 5,743 Shares of PepsiCo, Inc. $PEP

Key Points

• Infusive Asset Management Inc. raised its stake in PepsiCo, increasing its holdings by 18.0% to a total of 37,720 shares valued at approximately $5.66 million.
• PepsiCo reported $2.12 earnings per share for the last quarter, exceeding estimates, along with revenue of $22.73 billion. The company also announced a quarterly dividend of $1.4225 per share.
• Institutional investors now own 73.07% of PepsiCo, with various hedge funds adjusting their positions in the stock, reflecting ongoing investor interest despite a recent stock price decline.

Infusive Asset Management Inc. boosted its position in shares of PepsiCo, Inc. (NASDAQ:PEP - Free Report) by 18.0% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The firm owned 37,720 shares of the company's stock after buying an additional 5,743 shares during the quarter. PepsiCo makes up 2.6% of Infusive Asset Management Inc.'s holdings, making the stock its 16th biggest position. Infusive Asset Management Inc.'s holdings in PepsiCo were worth $5,656,000 at the end of the most recent quarter.

Other large investors also recently added to or reduced their stakes in the company. Elite Financial Inc. purchased a new position in shares of PepsiCo in the first quarter worth about $28,000. Measured Risk Portfolios Inc. purchased a new position in shares of PepsiCo in the fourth quarter valued at approximately $31,000. Sunbeam Capital Management LLC purchased a new position in shares of PepsiCo in the fourth quarter valued at approximately $47,000. MorganRosel Wealth Management LLC purchased a new position in shares of PepsiCo in the first quarter valued at approximately $55,000. Finally, Migdal Insurance & Financial Holdings Ltd. acquired a new position in PepsiCo during the 1st quarter worth approximately $58,000. 73.07% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research firms have commented on PEP. Citigroup boosted their price target on shares of PepsiCo from $160.00 to $168.00 and gave the stock a "buy" rating in a report on Friday, July 18th. Royal Bank Of Canada reiterated a "sector perform" rating and issued a $146.00 price target on shares of PepsiCo in a research report on Wednesday. Barclays upped their price objective on shares of PepsiCo from $132.00 to $144.00 and gave the stock an "equal weight" rating in a research report on Monday, July 21st. 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 research note on Thursday, July 10th. Finally, Bank of America lowered their price target on shares of PepsiCo from $150.00 to $145.00 and set a "neutral" rating on the stock in a research note on Friday, July 11th. Four research analysts have rated the stock with a Buy rating, fourteen have assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the company presently has an average rating of "Hold" and a consensus target price of $158.60.

PepsiCo Stock Down 0.3%

Shares of PEP stock traded down $0.50 during mid-day trading on Friday, reaching $146.39. 7,185,531 shares of the company were exchanged, compared to its average volume of 8,131,284. PepsiCo, Inc. has a fifty-two week low of $127.60 and a fifty-two week high of $179.43. The company has a debt-to-equity ratio of 2.12, a quick ratio of 0.60 and a current ratio of 0.78. The company has a market capitalization of $200.42 billion, a P/E ratio of 26.66, a P/E/G ratio of 3.70 and a beta of 0.46. The business's 50 day simple moving average is $143.00 and its 200 day simple moving average is $140.81.

PepsiCo (NASDAQ:PEP - Get Free Report) last released its quarterly earnings data on Thursday, July 17th. The company reported $2.12 EPS for the quarter, topping analysts' consensus estimates of $2.03 by $0.09. The firm had revenue of $22.73 billion during 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 firm's revenue was up 1.0% on a year-over-year basis. During the same quarter in the previous year, the company posted $2.28 earnings per share. PepsiCo has set its FY 2025 guidance at 8.038-8.038 EPS. Research analysts predict that PepsiCo, Inc. will post 8.3 earnings per share for the current year.

PepsiCo Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 30th. Investors of record on Friday, September 5th will be paid a dividend of $1.4225 per share. This represents a $5.69 dividend on an annualized basis and a dividend yield of 3.9%. The ex-dividend date is Friday, September 5th. PepsiCo's payout ratio is currently 103.64%.

PepsiCo 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.