Marietta Wealth Management LLC Boosts Stake in PepsiCo, Inc. $PEP

Key Points

• Marietta Wealth Management LLC increased its stake in PepsiCo, owning 59,528 shares valued at approximately $7.86 million after acquiring an additional 2,253 shares in Q2.
• PepsiCo reported earnings of $2.12 per share for the last quarter, surpassing estimates and achieving a revenue of $22.73 billion.
• The company announced a quarterly dividend of $1.4225, representing an annualized yield of 4.0%, despite a dividend payout ratio of 103.64%.

Marietta Wealth Management LLC grew its position in shares of PepsiCo, Inc. (NASDAQ:PEP - Free Report) by 3.9% during the second quarter, according to its most recent filing with the SEC. The firm owned 59,528 shares of the company's stock after acquiring an additional 2,253 shares during the period. Marietta Wealth Management LLC's holdings in PepsiCo were worth $7,860,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the company. Simplicity Wealth LLC grew its holdings in shares of PepsiCo by 42.5% during the 2nd quarter. Simplicity Wealth LLC now owns 41,399 shares of the company's stock worth $5,466,000 after acquiring an additional 12,340 shares during the period. Capital City Trust Co. FL grew its holdings in shares of PepsiCo by 3.1% during the 2nd quarter. Capital City Trust Co. FL now owns 3,376 shares of the company's stock worth $446,000 after acquiring an additional 100 shares during the period. Realta Investment Advisors grew its holdings in shares of PepsiCo by 6.7% during the 2nd quarter. Realta Investment Advisors now owns 2,230 shares of the company's stock worth $294,000 after acquiring an additional 141 shares during the period. Wealthcare Advisory Partners LLC grew its stake in shares of PepsiCo by 14.1% in the 2nd quarter. Wealthcare Advisory Partners LLC now owns 16,590 shares of the company's stock worth $2,191,000 after buying an additional 2,046 shares during the last quarter. Finally, Talbot Financial LLC grew its stake in shares of PepsiCo by 33.2% in the 2nd quarter. Talbot Financial LLC now owns 74,760 shares of the company's stock worth $9,871,000 after buying an additional 18,627 shares during the last quarter. Hedge funds and other institutional investors own 73.07% of the company's stock.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on PEP. Weiss Ratings restated a "hold (c-)" rating on shares of PepsiCo in a research note on Saturday, September 27th. Barclays reiterated a "cautious" rating on shares of PepsiCo in a research note on Friday. Citigroup cut their target price on PepsiCo from $168.00 to $165.00 and set a "buy" rating on the stock in a research note on Thursday, September 25th. Deutsche Bank Aktiengesellschaft reiterated a "buy" rating on shares of PepsiCo in a research note on Thursday, July 17th. Finally, JPMorgan Chase & Co. cut their target price on PepsiCo from $150.00 to $139.00 and set a "neutral" rating on the stock in a research note on Thursday, July 10th. Four analysts have rated the stock with a Buy rating, fourteen have issued a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat, PepsiCo presently has a consensus rating of "Hold" and a consensus target price of $157.87.

PepsiCo Price Performance

NASDAQ PEP opened at $141.98 on Friday. The business's fifty day moving average price is $144.36 and its 200-day moving average price is $139.39. The stock has a market capitalization of $194.38 billion, a price-to-earnings ratio of 25.86, a PEG ratio of 3.58 and a beta of 0.46. The company has a debt-to-equity ratio of 2.12, a current ratio of 0.78 and a quick ratio of 0.60. PepsiCo, Inc. has a 1-year low of $127.60 and a 1-year high of $177.50.

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, beating the consensus estimate of $2.03 by $0.09. The firm had revenue of $22.73 billion for 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%.The company's revenue was up 1.0% compared to the same quarter last year. During the same period in the prior year, the firm earned $2.28 EPS. PepsiCo has set its FY 2025 guidance at 8.038-8.038 EPS. On average, equities analysts predict that PepsiCo, Inc. will post 8.3 earnings per share for the current year.

PepsiCo Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, September 30th. Investors of record on Friday, September 5th were issued a $1.4225 dividend. This represents a $5.69 dividend on an annualized basis and a yield of 4.0%. The ex-dividend date of this dividend was Friday, September 5th. PepsiCo's dividend payout ratio (DPR) 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.

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