Krilogy Financial LLC Makes New Investment in PepsiCo, Inc. $PEP

Key Points

• Krilogy Financial LLC invested approximately $1.63 million in PepsiCo, acquiring 12,347 shares during the second quarter.
• PepsiCo recently announced an earnings report with an EPS of $2.12, surpassing analysts' expectations and indicating a 1% revenue growth year-over-year.
• The company declared a quarterly dividend of $1.4225 per share, reflecting a 4.1% dividend yield on an annualized basis.

Krilogy Financial LLC acquired a new position in shares of PepsiCo, Inc. (NASDAQ:PEP - Free Report) in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 12,347 shares of the company's stock, valued at approximately $1,630,000.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Fiduciary Alliance LLC boosted its stake in shares of PepsiCo by 5.4% in the second quarter. Fiduciary Alliance LLC now owns 12,524 shares of the company's stock valued at $1,654,000 after buying an additional 646 shares in the last quarter. First Bank & Trust grew its stake in PepsiCo by 41.9% during the 2nd quarter. First Bank & Trust now owns 6,721 shares of the company's stock valued at $887,000 after purchasing an additional 1,985 shares in the last quarter. St. Louis Financial Planners Asset Management LLC acquired a new position in shares of PepsiCo in the 2nd quarter valued at about $2,835,000. OLD Republic International Corp boosted its stake in PepsiCo by 17.0% during the 2nd quarter. OLD Republic International Corp now owns 455,950 shares of the company's stock valued at $60,204,000 after purchasing an additional 66,150 shares during the period. Finally, Czech National Bank boosted its position in PepsiCo by 6.4% during the 2nd quarter. Czech National Bank now owns 335,132 shares of the company's stock worth $44,251,000 after acquiring an additional 20,120 shares during the period. Hedge funds and other institutional investors own 73.07% of the company's stock.

Analysts Set New Price Targets

PEP has been the subject of several analyst reports. Royal Bank Of Canada reduced their target price on PepsiCo from $146.00 to $145.00 and set a "sector perform" rating for the company in a report on Monday, September 15th. Wells Fargo & Company increased their price objective on shares of PepsiCo from $140.00 to $154.00 and gave the stock an "equal weight" rating in a report on Friday, July 18th. Morgan Stanley lifted their price target 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. UBS Group lowered their target price on shares of PepsiCo from $175.00 to $170.00 and set a "buy" rating on the stock in a report on Thursday, September 11th. Finally, Bank of America cut their price target on PepsiCo from $150.00 to $145.00 and set a "neutral" rating on the stock in a report on Friday, July 11th. Four research analysts have rated the stock with a Buy rating, fourteen have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the stock has an average rating of "Hold" and an average target price of $158.60.

PepsiCo Trading Up 0.7%

Shares of NASDAQ PEP traded up $1.03 during mid-day trading on Friday, reaching $141.76. The company had a trading volume of 12,355,480 shares, compared to its average volume of 7,696,786. PepsiCo, Inc. has a 52 week low of $127.60 and a 52 week high of $177.50. The business's 50-day moving average is $144.39 and its 200-day moving average is $140.07. The stock has a market cap of $194.08 billion, a price-to-earnings ratio of 25.82, a price-to-earnings-growth ratio of 3.58 and a beta of 0.46. 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 released its quarterly earnings results on Thursday, July 17th. The company reported $2.12 earnings per share for the quarter, topping analysts' consensus estimates of $2.03 by $0.09. The company had revenue of $22.73 billion during the quarter, compared to analysts' expectations of $22.28 billion. PepsiCo had a return on equity of 57.81% and a net margin of 8.23%.PepsiCo's quarterly revenue was up 1.0% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $2.28 EPS. PepsiCo has set its FY 2025 guidance at 8.038-8.038 EPS. Equities analysts expect 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 will be paid on Tuesday, September 30th. Stockholders of record on Friday, September 5th will be paid a $1.4225 dividend. This represents a $5.69 dividend on an annualized basis and a dividend yield of 4.0%. The ex-dividend date of this dividend is Friday, September 5th. 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.