Members Trust Co Purchases 3,495 Shares of PepsiCo, Inc. $PEP

Key Points

• Members Trust Co increased its stake in PepsiCo, Inc. by 58.8% during Q2, purchasing an additional 3,495 shares and bringing its total holding to 9,436 shares worth approximately $1.25 million.
• Recent analyst reports show a shift in sentiment, with DZ Bank upgrading PepsiCo from "hold" to "buy" and several analysts increasing their price targets, reflecting overall positive market sentiment.
• PepsiCo reported Q3 earnings of $2.29 per share, exceeding expectations, and announced a quarterly dividend of $1.4225 per share, contributing to a dividend yield of 3.7% despite a payout ratio over 100%.

Members Trust Co boosted its position in PepsiCo, Inc. (NASDAQ:PEP - Free Report) by 58.8% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 9,436 shares of the company's stock after purchasing an additional 3,495 shares during the quarter. Members Trust Co's holdings in PepsiCo were worth $1,246,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently modified their holdings of PEP. Brighton Jones LLC lifted its position in shares of PepsiCo by 12.4% during the 4th quarter. Brighton Jones LLC now owns 59,392 shares of the company's stock valued at $9,031,000 after acquiring an additional 6,574 shares during the period. GAMMA Investing LLC lifted its position in shares of PepsiCo by 28.1% during the 1st quarter. GAMMA Investing LLC now owns 30,603 shares of the company's stock valued at $4,589,000 after acquiring an additional 6,712 shares during the period. Continuum Advisory LLC lifted its position in shares of PepsiCo by 6.9% during the 1st quarter. Continuum Advisory LLC now owns 6,150 shares of the company's stock valued at $922,000 after acquiring an additional 397 shares during the period. Valmark Advisers Inc. lifted its position in shares of PepsiCo by 4.0% during the 1st quarter. Valmark Advisers Inc. now owns 18,526 shares of the company's stock valued at $2,778,000 after acquiring an additional 708 shares during the period. Finally, Asset Management One Co. Ltd. lifted its position in shares of PepsiCo by 3.6% during the 1st quarter. Asset Management One Co. Ltd. now owns 630,906 shares of the company's stock valued at $94,598,000 after acquiring an additional 21,859 shares during the period. 73.07% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on PEP shares. DZ Bank raised PepsiCo from a "hold" rating to a "buy" rating and set a $167.00 price target for the company in a report on Tuesday. Jefferies Financial Group boosted their price target on PepsiCo from $161.00 to $163.00 and gave the stock a "hold" rating in a report on Friday, October 10th. The Goldman Sachs Group boosted their price target on PepsiCo from $165.00 to $167.00 and gave the stock a "buy" rating in a report on Friday, October 10th. Bank of America boosted their price target on PepsiCo from $150.00 to $155.00 and gave the stock a "neutral" rating in a report on Friday, October 10th. Finally, Rothschild & Co Redburn boosted their price target on PepsiCo from $115.00 to $117.00 and gave the stock a "sell" rating in a report on Monday, October 13th. Seven equities research analysts have rated the stock with a Buy rating, fourteen have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average target price of $156.58.

PepsiCo Price Performance

Shares of PEP opened at $153.18 on Wednesday. PepsiCo, Inc. has a 12-month low of $127.60 and a 12-month high of $174.95. The business has a 50-day simple moving average of $145.82 and a two-hundred day simple moving average of $139.39. The company has a quick ratio of 0.72, a current ratio of 0.91 and a debt-to-equity ratio of 2.26. The stock has a market cap of $209.45 billion, a PE ratio of 29.12, a PEG ratio of 3.74 and a beta of 0.46.

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

PepsiCo Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, September 30th. Investors of record on Friday, September 5th were given a dividend of $1.4225 per share. The ex-dividend date was Friday, September 5th. This represents a $5.69 annualized dividend and a dividend yield of 3.7%. PepsiCo's dividend payout ratio is presently 108.17%.

PepsiCo Company 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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