JB Capital LLC Buys 5,533 Shares of PepsiCo, Inc. $PEP

Key Points

• JB Capital LLC increased its stake in PepsiCo by 8.2%, acquiring an additional 5,533 shares, bringing their total holdings to 72,881 shares valued at approximately $9.6 million.
• PepsiCo recently reported quarterly earnings exceeding expectations, with an EPS of $2.29 compared to analysts' estimates of $2.26, and revenues of $23.94 billion.
• Despite a strong financial performance, several analysts have set target prices for PepsiCo shares ranging between $165.00 and $175.00, with an average target price of $158.38.

JB Capital LLC boosted its stake in shares of PepsiCo, Inc. (NASDAQ:PEP - Free Report) by 8.2% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 72,881 shares of the company's stock after acquiring an additional 5,533 shares during the period. JB Capital LLC's holdings in PepsiCo were worth $9,623,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently modified their holdings of PEP. Brighton Jones LLC grew its position in PepsiCo by 12.4% during the 4th quarter. Brighton Jones LLC now owns 59,392 shares of the company's stock worth $9,031,000 after acquiring an additional 6,574 shares during the last quarter. Wedge Capital Management L L P NC bought a new stake in PepsiCo during the 1st quarter worth $408,000. GAMMA Investing LLC grew its position in PepsiCo by 28.1% during the 1st quarter. GAMMA Investing LLC now owns 30,603 shares of the company's stock worth $4,589,000 after acquiring an additional 6,712 shares during the last quarter. Redhawk Wealth Advisors Inc. grew its position in PepsiCo by 4.4% during the 1st quarter. Redhawk Wealth Advisors Inc. now owns 3,002 shares of the company's stock worth $450,000 after acquiring an additional 127 shares during the last quarter. Finally, Coerente Capital Management grew its position in PepsiCo by 0.5% during the 1st quarter. Coerente Capital Management now owns 133,266 shares of the company's stock worth $19,982,000 after acquiring an additional 620 shares during the last quarter. Institutional investors own 73.07% of the company's stock.

Analysts Set New Price Targets

Several brokerages have commented on PEP. Weiss Ratings reaffirmed a "hold (c-)" rating on shares of PepsiCo in a report on Saturday, September 27th. Citigroup cut their target price on PepsiCo from $168.00 to $165.00 and set a "buy" rating on the stock in a report on Thursday, September 25th. Morgan Stanley lifted their target price on PepsiCo from $153.00 to $165.00 and gave the stock an "equal weight" rating in a report on Friday, July 18th. UBS Group lowered their target price on PepsiCo from $175.00 to $170.00 and set a "buy" rating for the company in a report on Thursday, September 11th. Finally, Cowen reiterated a "hold" rating on shares of PepsiCo in a report on Thursday, July 17th. Five investment analysts have rated the stock with a Buy rating, thirteen have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the company has an average rating of "Hold" and a consensus target price of $158.38.

PepsiCo Stock Performance

Shares of PEP opened at $144.71 on Friday. 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 stock has a 50 day moving average price of $144.32 and a two-hundred day moving average price of $139.29. The firm has a market capitalization of $198.12 billion, a P/E ratio of 26.36, a P/E/G ratio of 3.50 and a beta of 0.46. PepsiCo, Inc. has a 52 week low of $127.60 and a 52 week high of $177.50.

PepsiCo (NASDAQ:PEP - Get Free Report) last issued its quarterly earnings data on Thursday, October 9th. The company reported $2.29 EPS for the quarter, topping analysts' consensus estimates of $2.26 by $0.03. The firm had revenue of $23.94 billion during the quarter, compared to analyst estimates of $23.91 billion. PepsiCo had a return on equity of 57.81% and a net margin of 8.23%.The company's revenue for the quarter was up 2.7% on a year-over-year basis. During the same period in the previous year, the company posted $2.31 EPS. PepsiCo has set its FY 2025 guidance at 8.120-8.120 EPS. Equities analysts forecast that PepsiCo, Inc. will post 8.3 earnings per share for the current fiscal year.

PepsiCo Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, September 30th. Stockholders of record on Friday, September 5th were issued a $1.4225 dividend. The ex-dividend date of this dividend was Friday, September 5th. This represents a $5.69 annualized dividend and a dividend yield of 3.9%. PepsiCo's dividend payout ratio is currently 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.

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