Kathmere Capital Management LLC Buys 3,660 Shares of PepsiCo, Inc. $PEP

Key Points

• Kathmere Capital Management LLC increased its stake in PepsiCo by 66.7%, acquiring an additional 3,660 shares, bringing its total to 9,148 shares valued at approximately $1.208 million.
• PepsiCo reported $2.12 earnings per share for the last quarter, exceeding analysts' expectations of $2.03, and achieved a revenue of $22.73 billion.
• The company has declared a quarterly dividend of $1.4225, which will be paid on September 30, resulting in an annualized dividend yield of 4.1%.

Kathmere Capital Management LLC grew its stake in PepsiCo, Inc. (NASDAQ:PEP - Free Report) by 66.7% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 9,148 shares of the company's stock after acquiring an additional 3,660 shares during the period. Kathmere Capital Management LLC's holdings in PepsiCo were worth $1,208,000 at the end of the most recent reporting period.

A number of other hedge funds have also added to or reduced their stakes in PEP. Brighton Jones LLC grew its stake in PepsiCo by 12.4% in 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 in the last quarter. Rothschild Investment LLC boosted its stake in shares of PepsiCo by 0.5% during the first quarter. Rothschild Investment LLC now owns 15,873 shares of the company's stock valued at $2,380,000 after purchasing an additional 78 shares in the last quarter. BTC Capital Management Inc. boosted its stake in shares of PepsiCo by 5.0% during the first quarter. BTC Capital Management Inc. now owns 53,989 shares of the company's stock valued at $8,096,000 after purchasing an additional 2,587 shares in the last quarter. Somerset Trust Co boosted its stake in shares of PepsiCo by 5.6% during the first quarter. Somerset Trust Co now owns 21,085 shares of the company's stock valued at $3,161,000 after purchasing an additional 1,116 shares in the last quarter. Finally, Winthrop Advisory Group LLC boosted its stake in shares of PepsiCo by 3.4% during the first quarter. Winthrop Advisory Group LLC now owns 6,117 shares of the company's stock valued at $917,000 after purchasing an additional 200 shares in the last quarter. 73.07% of the stock is currently owned by institutional investors.

PepsiCo Trading Up 0.4%

NASDAQ PEP opened at $140.44 on Friday. The company has a fifty day simple moving average of $144.63 and a two-hundred day simple moving average of $139.65. The stock has a market cap of $192.27 billion, a P/E ratio of 25.58, a P/E/G ratio of 3.54 and a beta of 0.46. PepsiCo, Inc. has a 12-month low of $127.60 and a 12-month 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.

PepsiCo (NASDAQ:PEP - Get Free Report) last posted its quarterly earnings results on Thursday, July 17th. The company reported $2.12 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $2.03 by $0.09. The business had revenue of $22.73 billion during the quarter, compared to analysts' expectations of $22.28 billion. PepsiCo had a net margin of 8.23% and a return on equity of 57.81%. The business's quarterly revenue was up 1.0% on a year-over-year basis. During the same quarter last 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 forecast that PepsiCo, Inc. will post 8.3 earnings per share for the current year.

PepsiCo Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, September 30th. Shareholders of record on Friday, September 5th will be issued a $1.4225 dividend. The ex-dividend date of this dividend is Friday, September 5th. This represents a $5.69 dividend on an annualized basis and a dividend yield of 4.1%. PepsiCo's dividend payout ratio (DPR) is currently 103.64%.

Analyst Ratings Changes

A number of research firms have recently issued reports on PEP. Wells Fargo & Company dropped their price objective on shares of PepsiCo from $154.00 to $150.00 and set an "equal weight" rating on the stock in a research note on Thursday. Deutsche Bank Aktiengesellschaft reiterated a "buy" rating on shares of PepsiCo in a research note on Thursday, July 17th. Morgan Stanley raised their target price on shares of PepsiCo from $153.00 to $165.00 and gave the company an "equal weight" rating in a research note on Friday, July 18th. JPMorgan Chase & Co. lowered their target price on shares of PepsiCo from $150.00 to $139.00 and set a "neutral" rating for the company in a research note on Thursday, July 10th. Finally, Bank of America lowered their target price on shares of PepsiCo from $150.00 to $145.00 and set a "neutral" rating for the company in a research note on Friday, July 11th. Four research analysts have rated the stock with a Buy rating, fourteen have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, PepsiCo presently has an average rating of "Hold" and an average target price of $158.13.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.