Iron Gate Global Advisors LLC Has $1.27 Million Stake in PepsiCo, Inc. $PEP

Key Points

• Iron Gate Global Advisors LLC has reduced its stake in PepsiCo by 31.3%, holding 8,484 shares valued at approximately $1.27 million.
• PepsiCo reported earnings of $2.12 per share for the last quarter, surpassing analysts' expectations and indicating a 1.0% increase in year-over-year revenue.
• The company announced a quarterly dividend of $1.4225, representing an annualized dividend yield of 4.0%, though its payout ratio is currently at 103.64%.

Iron Gate Global Advisors LLC trimmed its stake in shares of PepsiCo, Inc. (NASDAQ:PEP - Free Report) by 31.3% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 8,484 shares of the company's stock after selling 3,864 shares during the period. Iron Gate Global Advisors LLC's holdings in PepsiCo were worth $1,272,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Asset Management One Co. Ltd. increased its stake in PepsiCo by 3.6% in the 1st quarter. Asset Management One Co. Ltd. now owns 630,906 shares of the company's stock valued at $94,598,000 after buying an additional 21,859 shares during the last quarter. Ignite Planners LLC boosted its holdings in shares of PepsiCo by 4.2% during the 1st quarter. Ignite Planners LLC now owns 3,773 shares of the company's stock worth $566,000 after buying an additional 151 shares during the period. Graybill Wealth Management LTD. bought a new stake in shares of PepsiCo during the 1st quarter worth about $3,633,000. Sumitomo Mitsui DS Asset Management Company Ltd boosted its holdings in shares of PepsiCo by 2.3% during the 1st quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 270,938 shares of the company's stock worth $40,624,000 after buying an additional 6,112 shares during the period. Finally, Polar Asset Management Partners Inc. bought a new stake in PepsiCo in the 4th quarter valued at about $47,899,000. 73.07% of the stock is currently owned by institutional investors and hedge funds.

PepsiCo Stock Performance

PEP opened at $142.66 on Thursday. The company has a current ratio of 0.78, a quick ratio of 0.60 and a debt-to-equity ratio of 2.12. The company's fifty day moving average price is $143.47 and its two-hundred day moving average price is $140.75. PepsiCo, Inc. has a 1-year low of $127.60 and a 1-year high of $179.43. The company has a market cap of $195.31 billion, a price-to-earnings ratio of 25.99, a PEG ratio of 3.62 and a beta of 0.46.

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

PepsiCo Dividend Announcement

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

Wall Street Analyst Weigh In

PEP has been the subject of a number of recent research reports. Citigroup boosted their price objective on shares of PepsiCo from $160.00 to $168.00 and gave the company a "buy" rating in a report on Friday, July 18th. 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. Bank of America lowered their price objective 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. decreased their price target on shares of PepsiCo from $150.00 to $139.00 and set a "neutral" rating for the company in a research report on Thursday, July 10th. Finally, Deutsche Bank Aktiengesellschaft restated a "buy" rating on shares of PepsiCo in a research report on Thursday, July 17th. 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 company. According to data from MarketBeat.com, PepsiCo presently has an average rating of "Hold" and an average price target of $158.60.

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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