Mutual Advisors LLC Increases Stock Position in PepsiCo, Inc. $PEP

Key Points

• Mutual Advisors LLC increased its stake in PepsiCo by 37.4%, owning a total of 74,071 shares valued at approximately $10.6 million as of the end of the second quarter.
• PepsiCo announced a quarterly dividend of $1.4225, translating to an annualized yield of 3.8%, although its payout ratio is notably high at 108.17%.
• The company's shares recently opened at $151.54, with a 12-month price range of $127.60 to $177.50, alongside a recent earnings report beating estimates.

Mutual Advisors LLC boosted its position in PepsiCo, Inc. (NASDAQ:PEP - Free Report) by 37.4% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 74,071 shares of the company's stock after acquiring an additional 20,171 shares during the period. Mutual Advisors LLC's holdings in PepsiCo were worth $10,626,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of PEP. Brighton Jones LLC grew its position in shares of PepsiCo by 12.4% in the 4th quarter. Brighton Jones LLC now owns 59,392 shares of the company's stock worth $9,031,000 after buying an additional 6,574 shares during the last quarter. GAMMA Investing LLC lifted its stake in PepsiCo by 28.1% in the first quarter. GAMMA Investing LLC now owns 30,603 shares of the company's stock worth $4,589,000 after acquiring an additional 6,712 shares during the period. Sagespring Wealth Partners LLC boosted its holdings in PepsiCo by 2.7% in the first quarter. Sagespring Wealth Partners LLC now owns 10,220 shares of the company's stock valued at $1,532,000 after acquiring an additional 266 shares in the last quarter. Grimes & Company Inc. increased its position in PepsiCo by 3.0% during the 1st quarter. Grimes & Company Inc. now owns 74,861 shares of the company's stock valued at $11,225,000 after purchasing an additional 2,188 shares during the period. Finally, Grove Bank & Trust raised its holdings in PepsiCo by 13.4% in the 1st quarter. Grove Bank & Trust now owns 8,535 shares of the company's stock worth $1,280,000 after purchasing an additional 1,008 shares in the last quarter. 73.07% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on the stock. Barclays lifted their target price on shares of PepsiCo from $140.00 to $142.00 and gave the company an "equal weight" rating in a research note on Friday, October 10th. Morgan Stanley lifted 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. Citigroup reduced their target price on PepsiCo from $168.00 to $165.00 and set a "buy" rating on the stock in a report on Thursday, September 25th. Bank of America raised their target price on PepsiCo from $150.00 to $155.00 and gave the company a "neutral" rating in a research note on Friday, October 10th. Finally, Weiss Ratings reaffirmed a "hold (c)" rating on shares of PepsiCo in a research note on Tuesday. Six analysts have rated the stock with a Buy rating, fourteen have given a Hold rating and one has assigned a Sell rating to the company's stock. Based on data from MarketBeat, PepsiCo currently has an average rating of "Hold" and a consensus price target of $156.00.

PepsiCo Stock Up 1.8%

Shares of NASDAQ:PEP opened at $151.54 on Wednesday. The company has a current ratio of 0.91, a quick ratio of 0.72 and a debt-to-equity ratio of 2.26. The stock has a fifty day simple moving average of $144.96 and a two-hundred day simple moving average of $139.27. PepsiCo, Inc. has a 12-month low of $127.60 and a 12-month high of $177.50. The stock has a market capitalization of $207.21 billion, a price-to-earnings ratio of 28.81, a PEG ratio of 3.62 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 firm had revenue of $23.94 billion during the quarter, compared to the consensus estimate of $23.91 billion. PepsiCo had a return on equity of 57.58% and a net margin of 7.82%.The company's revenue was up 2.7% on a year-over-year basis. During the same period last year, the company earned $2.31 earnings per share. PepsiCo has set its FY 2025 guidance at 8.120-8.120 EPS. On average, research analysts anticipate that PepsiCo, Inc. will post 8.3 earnings per share for the current fiscal year.

PepsiCo Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, September 30th. Shareholders of record on Friday, September 5th were issued a $1.4225 dividend. The ex-dividend date of this dividend was Friday, September 5th. This represents a $5.69 annualized dividend and a yield of 3.8%. PepsiCo's payout ratio is 108.17%.

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.

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