Morningstar Investment Management LLC Raises Stake in PepsiCo, Inc. $PEP

Key Points

• Morningstar Investment Management LLC increased its stake in PepsiCo by 19.0% in the second quarter, totaling 17,316 shares valued at approximately $2.29 million.
• PepsiCo reported $2.29 earnings per share (EPS) for its most recent quarter, slightly exceeding analyst expectations, with revenue of $23.94 billion, marking a 2.7% increase year-over-year.
• The company declared a quarterly dividend of $1.4225 per share, reflecting an annualized rate of $5.69 and a dividend yield of 3.8%.

Morningstar Investment Management LLC raised its holdings in PepsiCo, Inc. (NASDAQ:PEP - Free Report) by 19.0% during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 17,316 shares of the company's stock after acquiring an additional 2,769 shares during the period. Morningstar Investment Management LLC's holdings in PepsiCo were worth $2,286,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of the business. JSF Financial LLC raised its holdings in shares of PepsiCo by 3.8% in the 2nd quarter. JSF Financial LLC now owns 1,897 shares of the company's stock valued at $250,000 after acquiring an additional 69 shares in the last quarter. Dogwood Wealth Management LLC raised its holdings in shares of PepsiCo by 15.4% in the 2nd quarter. Dogwood Wealth Management LLC now owns 539 shares of the company's stock valued at $73,000 after acquiring an additional 72 shares in the last quarter. Joel Isaacson & Co. LLC raised its holdings in shares of PepsiCo by 0.5% in the 2nd quarter. Joel Isaacson & Co. LLC now owns 16,507 shares of the company's stock valued at $2,180,000 after acquiring an additional 74 shares in the last quarter. Bull Street Advisors LLC raised its holdings in shares of PepsiCo by 0.4% in the 2nd quarter. Bull Street Advisors LLC now owns 19,902 shares of the company's stock valued at $2,628,000 after acquiring an additional 74 shares in the last quarter. Finally, Centurion Wealth Management LLC raised its holdings in shares of PepsiCo by 3.8% in the 2nd quarter. Centurion Wealth Management LLC now owns 2,068 shares of the company's stock valued at $273,000 after acquiring an additional 75 shares in the last quarter. Hedge funds and other institutional investors own 73.07% of the company's stock.

Wall Street Analyst Weigh In

PEP has been the topic of several recent research reports. Cowen reiterated a "hold" rating on shares of PepsiCo in a research report on Thursday, July 17th. Royal Bank Of Canada reduced their price objective on PepsiCo from $146.00 to $145.00 and set a "sector perform" rating on the stock in a research report on Monday, September 15th. Morgan Stanley increased their price objective on PepsiCo from $153.00 to $165.00 and gave the company an "equal weight" rating in a research report on Friday, July 18th. Barclays increased their price objective on PepsiCo from $140.00 to $142.00 and gave the company an "equal weight" rating in a research report on Friday. Finally, Bank of America increased their price objective on PepsiCo from $150.00 to $155.00 and gave the company a "neutral" rating in a research report on Friday. Five investment analysts have rated the stock with a Buy rating and fourteen have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Hold" and an average price target of $157.75.

PepsiCo Price Performance

PEP opened at $148.89 on Tuesday. The stock's 50 day simple moving average is $144.72 and its 200 day simple moving average is $139.18. The company has a debt-to-equity ratio of 2.26, a current ratio of 0.91 and a quick ratio of 0.72. PepsiCo, Inc. has a 1 year low of $127.60 and a 1 year high of $177.50. The firm has a market cap of $203.58 billion, a price-to-earnings ratio of 28.31, a PEG ratio of 3.75 and a beta of 0.46.

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

PepsiCo Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, September 30th. Stockholders of record on Friday, September 5th were given a $1.4225 dividend. This represents a $5.69 dividend on an annualized basis and a dividend yield of 3.8%. The ex-dividend date was Friday, September 5th. PepsiCo's dividend payout ratio (DPR) is currently 108.17%.

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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