MBB Public Markets I LLC Takes $308,000 Position in PepsiCo, Inc. $PEP

Key Points

• MBB Public Markets I LLC has acquired a new stake in PepsiCo, Inc. valued at approximately $308,000, purchasing 2,053 shares.
• PepsiCo reported Q2 earnings of $2.12 per share, exceeding estimates, with a revenue of $22.73 billion, marking a 1.0% year-over-year increase.
• The company has declared a quarterly dividend of $1.4225 per share, representing a 4.0% dividend yield, with a payout ratio of 103.64%.

MBB Public Markets I 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 fund bought 2,053 shares of the company's stock, valued at approximately $308,000.

A number of other institutional investors have also modified their holdings of the business. Legacy Financial Group LLC increased its holdings in shares of PepsiCo by 4.9% in the 1st quarter. Legacy Financial Group LLC now owns 1,514 shares of the company's stock valued at $227,000 after acquiring an additional 71 shares during the period. Pflug Koory LLC increased its holdings in shares of PepsiCo by 1.0% in the 1st quarter. Pflug Koory LLC now owns 7,750 shares of the company's stock valued at $1,162,000 after acquiring an additional 76 shares during the period. Hoge Financial Services LLC increased its holdings in shares of PepsiCo by 2.1% in the 1st quarter. Hoge Financial Services LLC now owns 3,633 shares of the company's stock valued at $545,000 after acquiring an additional 76 shares during the period. Members Trust Co increased its holdings in shares of PepsiCo by 1.3% in the 1st quarter. Members Trust Co now owns 5,941 shares of the company's stock valued at $891,000 after acquiring an additional 77 shares during the period. Finally, Rothschild Investment LLC grew its position in PepsiCo by 0.5% in the 1st quarter. Rothschild Investment LLC now owns 15,873 shares of the company's stock valued at $2,380,000 after buying an additional 78 shares during the last quarter. 73.07% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

PEP has been the topic of a number of analyst reports. Royal Bank Of Canada reiterated a "sector perform" rating and issued a $146.00 price objective on shares of PepsiCo in a research report on Wednesday, September 3rd. JPMorgan Chase & Co. lowered their price objective on shares of PepsiCo from $150.00 to $139.00 and set a "neutral" rating on the stock in a research report on Thursday, July 10th. Barclays lifted their price objective on shares of PepsiCo from $132.00 to $144.00 and gave the company an "equal weight" rating in a research report on Monday, July 21st. Morgan Stanley lifted their price objective on shares of PepsiCo from $153.00 to $165.00 and gave the company an "equal weight" rating in a research report on Friday, July 18th. Finally, Deutsche Bank Aktiengesellschaft reiterated a "buy" rating on shares of PepsiCo in a research report on Thursday, July 17th. Four investment analysts have rated the stock with a Buy rating, fourteen have assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the stock has an average rating of "Hold" and a consensus price target of $158.60.

PepsiCo Price Performance

Shares of NASDAQ PEP opened at $142.66 on Thursday. The firm has a market capitalization of $195.31 billion, a P/E ratio of 25.99, a PEG ratio of 3.62 and a beta of 0.46. PepsiCo, Inc. has a one year low of $127.60 and a one year high of $179.43. The company's fifty day moving average is $143.47 and its two-hundred day moving average is $140.75. The company has a debt-to-equity ratio of 2.12, a quick ratio of 0.60 and a current ratio of 0.78.

PepsiCo (NASDAQ:PEP - Get Free Report) last released its quarterly earnings results on Thursday, July 17th. The company reported $2.12 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.03 by $0.09. The business had revenue of $22.73 billion during the quarter, compared to the consensus estimate of $22.28 billion. PepsiCo had a return on equity of 57.81% and a net margin of 8.23%.The business's revenue was up 1.0% on a year-over-year basis. During the same quarter in the previous year, the company posted $2.28 EPS. PepsiCo has set its FY 2025 guidance at 8.038-8.038 EPS. Analysts forecast that PepsiCo, Inc. will post 8.3 EPS for the current fiscal year.

PepsiCo Announces Dividend

The company 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 dividend of $1.4225 per share. This represents a $5.69 annualized dividend and a dividend yield of 4.0%. The ex-dividend date of this dividend is Friday, September 5th. PepsiCo's payout ratio is 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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