Investors Research Corp Buys 5,988 Shares of PepsiCo, Inc. $PEP

Key Points

• Investors Research Corp increased its stake in PepsiCo by 207.1% during the second quarter, acquiring an additional 5,988 shares for a total of 8,879 shares valued at $1,172,000.
• PepsiCo reported a quarterly EPS of $2.12, exceeding the consensus estimate of $2.03, and had revenue of $22.73 billion for the quarter.
• The company has declared a quarterly dividend of $1.4225 per share, to be paid on September 30, representing a 4.0% dividend yield, with a payout ratio of 103.64%.

Investors Research Corp lifted its stake in shares of PepsiCo, Inc. (NASDAQ:PEP - Free Report) by 207.1% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 8,879 shares of the company's stock after purchasing an additional 5,988 shares during the period. Investors Research Corp's holdings in PepsiCo were worth $1,172,000 at the end of the most recent reporting period.

Other institutional investors have also recently bought and sold shares of the company. Nuveen LLC bought a new position in PepsiCo in the 1st quarter valued at $946,978,000. GAMMA Investing LLC lifted its stake in shares of PepsiCo by 19,106.5% during the first quarter. GAMMA Investing LLC now owns 4,588,614 shares of the company's stock valued at $688,017,000 after acquiring an additional 4,564,723 shares during the period. Assenagon Asset Management S.A. boosted its holdings in PepsiCo by 106.1% in the first quarter. Assenagon Asset Management S.A. now owns 3,514,965 shares of the company's stock valued at $527,034,000 after acquiring an additional 1,809,391 shares during the last quarter. Vanguard Group Inc. increased its position in PepsiCo by 1.4% in the first quarter. Vanguard Group Inc. now owns 135,174,252 shares of the company's stock worth $20,268,027,000 after purchasing an additional 1,802,748 shares during the period. Finally, Universal Beteiligungs und Servicegesellschaft mbH bought a new stake in PepsiCo during the 4th quarter worth about $221,297,000. Institutional investors own 73.07% of the company's stock.

PepsiCo Trading Down 0.5%

Shares of NASDAQ PEP opened at $143.53 on Friday. PepsiCo, Inc. has a twelve month low of $127.60 and a twelve month high of $179.43. The stock has a market cap of $196.50 billion, a price-to-earnings ratio of 26.14, a P/E/G ratio of 3.65 and a beta of 0.46. The company has a quick ratio of 0.60, a current ratio of 0.78 and a debt-to-equity ratio of 2.12. The company's fifty day moving average is $143.81 and its 200-day moving average is $140.52.

PepsiCo (NASDAQ:PEP - Get Free Report) last issued its quarterly earnings data on Thursday, July 17th. The company reported $2.12 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 the consensus estimate of $22.28 billion. PepsiCo had a return on equity of 57.81% and a net margin of 8.23%.The firm's revenue was up 1.0% compared to the same quarter last year. 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. Equities research analysts predict that PepsiCo, Inc. will post 8.3 EPS for the current year.

PepsiCo Announces Dividend

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

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on the stock. Cowen reiterated a "hold" rating on shares of PepsiCo in a research report on Thursday, July 17th. Royal Bank Of Canada reaffirmed a "sector perform" rating and set a $146.00 target price on shares of PepsiCo in a report on Wednesday, September 3rd. Bank of America dropped their target price on shares of PepsiCo from $150.00 to $145.00 and set a "neutral" rating for the company in a research report on Friday, July 11th. JPMorgan Chase & Co. reduced their price target on PepsiCo from $150.00 to $139.00 and set a "neutral" rating on the stock in a research report on Thursday, July 10th. Finally, Citigroup upped their price objective on PepsiCo from $160.00 to $168.00 and gave the company a "buy" rating in a report on Friday, July 18th. Four analysts have rated the stock with a Buy rating, fourteen have issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus target price 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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