Integrated Wealth Concepts LLC Increases Stock Position in PepsiCo, Inc. $PEP

Key Points

• Integrated Wealth Concepts LLC increased its holdings in PepsiCo by 3.6%, purchasing an additional 2,781 shares to bring its total to 79,911 shares, valued at approximately $11.98 million.
• PepsiCo's latest quarterly earnings reported an EPS of $2.12, exceeding analyst expectations, while revenue reached $22.73 billion, reflecting a 1.0% increase compared to the prior year.
• The company has declared a quarterly dividend of $1.4225 per share, with a dividend yield of 3.9%, indicating a payout ratio of 103.64%.

Integrated Wealth Concepts LLC lifted its holdings in PepsiCo, Inc. (NASDAQ:PEP - Free Report) by 3.6% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 79,911 shares of the company's stock after buying an additional 2,781 shares during the period. Integrated Wealth Concepts LLC's holdings in PepsiCo were worth $11,982,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in the business. Investmark Advisory Group LLC increased its holdings in shares of PepsiCo by 1.5% in the 1st quarter. Investmark Advisory Group LLC now owns 22,531 shares of the company's stock worth $3,378,000 after buying an additional 326 shares during the last quarter. DnB Asset Management AS increased its holdings in shares of PepsiCo by 17.1% in the 1st quarter. DnB Asset Management AS now owns 735,958 shares of the company's stock worth $110,350,000 after buying an additional 107,528 shares during the last quarter. Clifford Group LLC increased its holdings in shares of PepsiCo by 12.3% in the 1st quarter. Clifford Group LLC now owns 2,211 shares of the company's stock worth $331,000 after buying an additional 243 shares during the last quarter. Bridgeway Capital Management LLC increased its holdings in shares of PepsiCo by 4.8% in the 1st quarter. Bridgeway Capital Management LLC now owns 126,922 shares of the company's stock worth $19,031,000 after buying an additional 5,861 shares during the last quarter. Finally, Banque Transatlantique SA grew its holdings in PepsiCo by 2,498.6% during the 1st quarter. Banque Transatlantique SA now owns 1,819 shares of the company's stock valued at $252,000 after purchasing an additional 1,749 shares during the last quarter. 73.07% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

PEP has been the topic of several analyst reports. Royal Bank Of Canada reiterated a "sector perform" rating and set a $146.00 price target on shares of PepsiCo in a report on Wednesday, September 3rd. Barclays upped their price target on shares of PepsiCo from $132.00 to $144.00 and gave the company an "equal weight" rating in a report on Monday, July 21st. Cowen reiterated a "hold" rating on shares of PepsiCo in a report on Thursday, July 17th. Citigroup upped their price target on shares of PepsiCo from $160.00 to $168.00 and gave the company a "buy" rating in a report on Friday, July 18th. Finally, Deutsche Bank Aktiengesellschaft reiterated a "buy" rating on shares of PepsiCo in a 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 given a Sell rating to the company. According to MarketBeat.com, PepsiCo currently has a consensus rating of "Hold" and a consensus target price of $158.60.

PepsiCo Trading Up 1.0%

PepsiCo stock traded up $1.39 during trading hours on Tuesday, hitting $143.10. The company had a trading volume of 5,852,496 shares, compared to its average volume of 8,536,419. The firm has a market cap of $195.92 billion, a P/E ratio of 26.07, a P/E/G ratio of 3.70 and a beta of 0.46. The company has a debt-to-equity ratio of 2.12, a quick ratio of 0.60 and a current ratio of 0.78. PepsiCo, Inc. has a 1 year low of $127.60 and a 1 year high of $179.43. The company has a 50-day moving average price of $143.35 and a two-hundred day moving average price of $140.74.

PepsiCo (NASDAQ:PEP - Get Free Report) last released 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. PepsiCo had a net margin of 8.23% and a return on equity of 57.81%. The company had revenue of $22.73 billion during the quarter, compared to analysts' expectations of $22.28 billion. During the same period in the previous year, the company earned $2.28 EPS. The firm's quarterly revenue 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, sell-side analysts anticipate that PepsiCo, Inc. will post 8.3 earnings per share for the current year.

PepsiCo Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, September 30th. Stockholders of record on Friday, September 5th will be given a $1.4225 dividend. This represents a $5.69 annualized dividend and a dividend yield of 4.0%. The ex-dividend date of this dividend is Friday, September 5th. PepsiCo's dividend payout ratio is presently 103.64%.

About PepsiCo

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.