Invst LLC Grows Stake in PepsiCo, Inc. $PEP

Key Points

• Invst LLC significantly increased its stake in PepsiCo by 143.4% in the first quarter, acquiring an additional 2,907 shares to total 4,934 shares valued at $740,000.
• Analysts have mixed views on PepsiCo, with latest price targets ranging from $132.00 to $165.00, while the average rating remains at “Hold.”
• The company declared a quarterly dividend of $1.4225 per share, yielding 4.0%, despite a high dividend payout ratio of 103.64%.

Invst LLC lifted its position in PepsiCo, Inc. (NASDAQ:PEP - Free Report) by 143.4% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 4,934 shares of the company's stock after buying an additional 2,907 shares during the period. Invst LLC's holdings in PepsiCo were worth $740,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors also recently bought and sold shares of PEP. Legacy Financial Group LLC increased its position in shares of PepsiCo by 4.9% during the 1st quarter. Legacy Financial Group LLC now owns 1,514 shares of the company's stock valued at $227,000 after purchasing an additional 71 shares during the last quarter. Pflug Koory LLC grew its position in PepsiCo by 1.0% during the first quarter. Pflug Koory LLC now owns 7,750 shares of the company's stock valued at $1,162,000 after buying an additional 76 shares during the period. Hoge Financial Services LLC increased its holdings in PepsiCo by 2.1% during the first quarter. Hoge Financial Services LLC now owns 3,633 shares of the company's stock valued at $545,000 after buying an additional 76 shares during the last quarter. Members Trust Co raised its position in PepsiCo by 1.3% in the first quarter. Members Trust Co now owns 5,941 shares of the company's stock worth $891,000 after acquiring an additional 77 shares during the period. Finally, Rothschild Investment LLC grew its position in shares of PepsiCo by 0.5% during the 1st quarter. Rothschild Investment LLC now owns 15,873 shares of the company's stock valued at $2,380,000 after acquiring an additional 78 shares during the period. Institutional investors own 73.07% of the company's stock.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on the company. Citigroup raised their target price on PepsiCo from $160.00 to $168.00 and gave the stock a "buy" rating in a report on Friday, July 18th. Barclays raised their price objective on PepsiCo from $132.00 to $144.00 and gave the stock an "equal weight" rating in a research note on Monday, July 21st. Cowen reiterated a "hold" rating on shares of PepsiCo in a research note on Thursday, July 17th. 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. Finally, 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, September 3rd. Four equities research analysts have rated the stock with a Buy rating, fourteen have given a Hold rating and one has issued a Sell rating to the company's stock. According to MarketBeat, the stock currently has an average rating of "Hold" and an average target price of $158.67.

PepsiCo Price Performance

Shares of NASDAQ:PEP traded down $2.89 during midday trading on Monday, reaching $140.64. 7,258,591 shares of the company were exchanged, compared to its average volume of 8,092,407. The stock has a market cap of $192.55 billion, a PE ratio of 25.62, a price-to-earnings-growth ratio of 3.63 and a beta of 0.46. The business's fifty day moving average is $143.93 and its two-hundred day moving average is $140.35. PepsiCo, Inc. has a one year low of $127.60 and a one year high of $179.43. The company has a current ratio of 0.78, a quick ratio of 0.60 and a debt-to-equity ratio of 2.12.

PepsiCo (NASDAQ:PEP - Get Free Report) last posted its earnings results on Thursday, July 17th. The company reported $2.12 EPS for the quarter, topping analysts' consensus estimates of $2.03 by $0.09. PepsiCo had a return on equity of 57.81% and a net margin of 8.23%.The company had revenue of $22.73 billion for the quarter, compared to the consensus estimate of $22.28 billion. During the same period in the previous year, the business earned $2.28 earnings per share. The firm's revenue for the quarter was up 1.0% on a year-over-year basis. PepsiCo has set its FY 2025 guidance at 8.038-8.038 EPS. As a group, analysts predict 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. Investors of record on Friday, September 5th will be given a $1.4225 dividend. This represents a $5.69 annualized dividend and a yield of 4.0%. The ex-dividend date is Friday, September 5th. PepsiCo's payout ratio is currently 103.64%.

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.