Johnson Investment Counsel Inc. Has $72.32 Million Stock Holdings in PepsiCo, Inc. $PEP

Key Points

• Johnson Investment Counsel Inc. increased its stake in PepsiCo by 5.7%, now holding 547,679 shares valued at approximately $72.32 million.
• Analysts generally rate PepsiCo stock as a "Hold," with a consensus target price of $158.88, following various adjustments by major financial institutions.
• PepsiCo recently reported earnings of $2.29 per share for the quarter, exceeding estimates, and announced a quarterly dividend of $1.4225, reflecting a yield of 3.8%.

Johnson Investment Counsel Inc. lifted its position in shares of PepsiCo, Inc. (NASDAQ:PEP - Free Report) by 5.7% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 547,679 shares of the company's stock after purchasing an additional 29,362 shares during the period. Johnson Investment Counsel Inc.'s holdings in PepsiCo were worth $72,316,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of PEP. Nova Wealth Management Inc. bought a new position in PepsiCo in the 1st quarter valued at about $25,000. Elite Financial Inc. bought a new position in PepsiCo in the 1st quarter valued at about $28,000. Legend Financial Advisors Inc. bought a new position in PepsiCo in the 2nd quarter valued at about $29,000. Investment Research & Advisory Group Inc. grew its position in shares of PepsiCo by 263.6% during the 2nd quarter. Investment Research & Advisory Group Inc. now owns 320 shares of the company's stock worth $42,000 after purchasing an additional 232 shares in the last quarter. Finally, RMG Wealth Management LLC acquired a new position in shares of PepsiCo during the 2nd quarter worth approximately $45,000. 73.07% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on the stock. Weiss Ratings restated a "hold (c-)" rating on shares of PepsiCo in a research report on Saturday, September 27th. Barclays increased their target price on shares of PepsiCo from $140.00 to $142.00 and gave the stock an "equal weight" rating in a research report on Friday. Deutsche Bank Aktiengesellschaft restated a "buy" rating on shares of PepsiCo in a research report on Thursday, July 17th. Royal Bank Of Canada decreased their target price on shares of PepsiCo from $146.00 to $145.00 and set a "sector perform" rating on the stock in a research report on Monday, September 15th. Finally, Bank of America increased their target price on shares of PepsiCo from $150.00 to $155.00 and gave the stock a "neutral" rating in a research report on Friday. Five analysts have rated the stock with a Buy rating and fourteen have given a Hold rating to the stock. According to data from MarketBeat, the stock has an average rating of "Hold" and a consensus target price of $158.88.

PepsiCo Stock Performance

Shares of PepsiCo stock opened at $150.08 on Friday. The company has a 50 day moving average of $144.53 and a 200-day moving average of $139.26. PepsiCo, Inc. has a 1-year low of $127.60 and a 1-year high of $177.50. 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 has a market cap of $205.47 billion, a PE ratio of 28.53, a price-to-earnings-growth ratio of 3.76 and a beta of 0.46.

PepsiCo (NASDAQ:PEP - Get Free Report) last issued its quarterly earnings results on Thursday, October 9th. The company reported $2.29 earnings per share for the quarter, topping analysts' consensus estimates of $2.26 by $0.03. The company had revenue of $23.94 billion during the quarter, compared to the consensus estimate of $23.91 billion. PepsiCo had a net margin of 7.82% and a return on equity of 58.46%. The firm's quarterly revenue was up 2.7% on a year-over-year basis. During the same quarter in the prior year, the firm posted $2.31 EPS. PepsiCo has set its FY 2025 guidance at 8.120-8.120 EPS. As a group, equities research analysts forecast that PepsiCo, Inc. will post 8.3 earnings per share for the current fiscal year.

PepsiCo Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 30th. Investors of record on Friday, September 5th were paid a $1.4225 dividend. The ex-dividend date of this dividend was Friday, September 5th. This represents a $5.69 annualized dividend and a yield of 3.8%. 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.

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