Koshinski Asset Management Inc. Has $3.20 Million Stock Holdings in PepsiCo, Inc. $PEP

Key Points

• Koshinski Asset Management Inc. increased its stake in PepsiCo, Inc. by 9.7% during the second quarter, now holding 24,229 shares valued at approximately $3.20 million.
• PepsiCo recently reported earnings per share of $2.29 for the quarter, surpassing analysts' expectations of $2.26, with revenue reaching $23.94 billion.
• The company has announced a quarterly dividend of $1.4225, resulting in an annualized yield of 3.7%, despite a dividend payout ratio exceeding 100% at 108.17%.

Koshinski Asset Management Inc. grew its position in PepsiCo, Inc. (NASDAQ:PEP - Free Report) by 9.7% during the 2nd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 24,229 shares of the company's stock after purchasing an additional 2,149 shares during the period. Koshinski Asset Management Inc.'s holdings in PepsiCo were worth $3,199,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently made changes to their positions in PEP. Nuveen LLC acquired a new stake in shares of PepsiCo in the 1st quarter valued at $946,978,000. Kingstone Capital Partners Texas LLC acquired a new stake in shares of PepsiCo in the 2nd quarter valued at $460,110,000. Vanguard Group Inc. lifted its position in PepsiCo by 1.4% during the 1st quarter. Vanguard Group Inc. now owns 135,174,252 shares of the company's stock worth $20,268,027,000 after buying an additional 1,802,748 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its position in PepsiCo by 5.0% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 26,475,241 shares of the company's stock worth $3,969,698,000 after buying an additional 1,258,198 shares in the last quarter. Finally, Deutsche Bank AG lifted its position in PepsiCo by 14.3% during the 1st quarter. Deutsche Bank AG now owns 9,296,022 shares of the company's stock worth $1,393,846,000 after buying an additional 1,165,745 shares in the last quarter. Institutional investors and hedge funds own 73.07% of the company's stock.

PepsiCo Stock Performance

PepsiCo stock opened at $153.71 on Friday. The company has a current ratio of 0.91, a quick ratio of 0.72 and a debt-to-equity ratio of 2.26. PepsiCo, Inc. has a 1 year low of $127.60 and a 1 year high of $177.50. The company has a market cap of $210.17 billion, a PE ratio of 29.22, a PEG ratio of 3.71 and a beta of 0.46. The company's 50-day moving average is $145.51 and its two-hundred day moving average is $139.40.

PepsiCo (NASDAQ:PEP - Get Free Report) last released its earnings results on Thursday, October 9th. The company reported $2.29 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $2.26 by $0.03. PepsiCo had a net margin of 7.82% and a return on equity of 57.58%. The company had revenue of $23.94 billion for the quarter, compared to the consensus estimate of $23.91 billion. During the same period in the prior year, the company posted $2.31 EPS. The company's revenue was up 2.7% compared to the same quarter last year. PepsiCo has set its FY 2025 guidance at 8.120-8.120 EPS. Equities analysts anticipate that PepsiCo, Inc. will post 8.3 earnings per share for the current year.

PepsiCo Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, September 30th. Stockholders 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 dividend on an annualized basis and a dividend yield of 3.7%. PepsiCo's dividend payout ratio is 108.17%.

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on PEP shares. Cowen reiterated a "hold" rating on shares of PepsiCo in a research report on Thursday, July 17th. Bank of America upped their price target on shares of PepsiCo from $150.00 to $155.00 and gave the stock a "neutral" rating in a research report on Friday, October 10th. The Goldman Sachs Group upped their price target on shares of PepsiCo from $165.00 to $167.00 and gave the stock a "buy" rating in a research report on Friday, October 10th. JPMorgan Chase & Co. reduced their price target on shares of PepsiCo from $157.00 to $151.00 and set a "neutral" rating on the stock in a research report on Monday, October 6th. Finally, Rothschild & Co Redburn upped their price target on shares of PepsiCo from $115.00 to $117.00 and gave the stock a "sell" rating in a research report on Monday, October 13th. Six investment 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's stock. According to MarketBeat, the stock presently has a consensus rating of "Hold" and an average target price of $156.00.

PepsiCo 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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