LeConte Wealth Management LLC Takes $260,000 Position in PepsiCo, Inc. $PEP

Key Points

• LeConte Wealth Management LLC has acquired a new position in PepsiCo, purchasing 1,737 shares valued at approximately $260,000 as reported in their Form 13F filing.
• PepsiCo's recent quarterly earnings came in at $2.12 EPS, surpassing analysts' expectations and showing a 1.0% year-over-year revenue increase.
• The company declared a quarterly dividend of $1.4225, representing an annualized dividend yield of 3.8%, with the payment date set for September 30th.

LeConte Wealth Management LLC bought a new stake in PepsiCo, Inc. (NASDAQ:PEP - Free Report) during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 1,737 shares of the company's stock, valued at approximately $260,000.

A number of other institutional investors have also made changes to their positions in PEP. Vanguard Group Inc. increased its position in PepsiCo by 1.4% in the 1st quarter. Vanguard Group Inc. now owns 135,174,252 shares of the company's stock worth $20,268,027,000 after purchasing an additional 1,802,748 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its position in shares of 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 during the period. Northern Trust Corp lifted its position in shares of PepsiCo by 8.7% during the 4th quarter. Northern Trust Corp now owns 16,403,395 shares of the company's stock worth $2,494,300,000 after buying an additional 1,306,818 shares during the period. Bank of New York Mellon Corp lifted its position in shares of PepsiCo by 0.4% during the 1st quarter. Bank of New York Mellon Corp now owns 14,062,857 shares of the company's stock worth $2,108,585,000 after buying an additional 49,699 shares during the period. Finally, Capital Research Global Investors raised its position in PepsiCo by 7.4% in the 4th quarter. Capital Research Global Investors now owns 12,048,646 shares of the company's stock valued at $1,832,116,000 after purchasing an additional 831,148 shares during the last quarter. 73.07% of the stock is currently owned by institutional investors.

PepsiCo Price Performance

PepsiCo stock traded up $2.61 during mid-day trading on Tuesday, reaching $152.16. 8,593,550 shares of the company were exchanged, compared to its average volume of 7,820,128. PepsiCo, Inc. has a 12 month low of $127.60 and a 12 month high of $179.73. The company has a fifty day simple moving average of $138.19 and a 200-day simple moving average of $140.56. The company has a debt-to-equity ratio of 2.12, a current ratio of 0.78 and a quick ratio of 0.60. The firm has a market cap of $208.32 billion, a PE ratio of 27.72, a PEG ratio of 3.98 and a beta of 0.45.

PepsiCo (NASDAQ:PEP - Get Free Report) last issued its quarterly earnings results on Thursday, July 17th. The company reported $2.12 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.03 by $0.09. PepsiCo had a return on equity of 57.81% and a net margin of 8.23%.The company had revenue of $22.73 billion for the quarter, compared to analyst estimates of $22.28 billion. During the same quarter last year, the company posted $2.28 EPS. The company's revenue for the quarter was up 1.0% compared to the same quarter last year. PepsiCo has set its FY 2025 guidance at 8.038-8.038 EPS. As a group, equities research analysts expect that PepsiCo, Inc. will post 8.3 earnings per share for the current fiscal year.

PepsiCo Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 30th. Investors of record on Friday, September 5th will be issued a dividend of $1.4225 per share. The ex-dividend date of this dividend is Friday, September 5th. This represents a $5.69 annualized dividend and a dividend yield of 3.7%. PepsiCo's dividend payout ratio (DPR) is 103.64%.

Analyst Upgrades and Downgrades

Several research firms have recently commented on PEP. Citigroup lifted their target price on PepsiCo from $160.00 to $168.00 and gave the company a "buy" rating in a research note on Friday, July 18th. Cowen reissued a "hold" rating on shares of PepsiCo in a research note on Thursday, July 17th. Wells Fargo & Company boosted their target price on PepsiCo from $140.00 to $154.00 and gave the company an "equal weight" rating in a research note on Friday, July 18th. Dbs Bank cut PepsiCo from a "strong-buy" rating to a "hold" rating in a research note on Friday, May 9th. Finally, Deutsche Bank Aktiengesellschaft restated a "buy" rating on shares of PepsiCo in a report on Thursday, July 17th. Four analysts have rated the stock with a Buy rating, fourteen have issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, PepsiCo has a consensus rating of "Hold" and an average target price of $158.73.

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.