NTV Asset Management LLC Has $5.88 Million Stake in PepsiCo, Inc. $PEP

Key Points

• NTV Asset Management LLC increased its stake in PepsiCo, Inc. by 20.4% during the second quarter, holding a total of 44,558 shares now valued at $5.88 million.
• PepsiCo recently announced its quarterly earnings, reporting an EPS of $2.12, exceeding estimates, with a revenue of $22.73 billion during the quarter.
• The company also declared a quarterly dividend of $1.4225, representing a 4.0% yield, with a payout ratio of 103.64%.

NTV Asset Management LLC lifted its stake in shares of PepsiCo, Inc. (NASDAQ:PEP - Free Report) by 20.4% in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 44,558 shares of the company's stock after buying an additional 7,555 shares during the quarter. NTV Asset Management LLC's holdings in PepsiCo were worth $5,883,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also bought and sold shares of the company. Nova Wealth Management Inc. bought a new position in shares of PepsiCo during the 1st quarter worth about $25,000. Elite Financial Inc. bought a new position in shares of PepsiCo during the 1st quarter worth about $28,000. Legend Financial Advisors Inc. bought a new position in shares of PepsiCo during the 2nd quarter worth about $29,000. Investment Research & Advisory Group Inc. boosted its position in shares of PepsiCo by 263.6% during the 2nd quarter. Investment Research & Advisory Group Inc. now owns 320 shares of the company's stock worth $42,000 after purchasing an additional 232 shares in the last quarter. Finally, MorganRosel Wealth Management LLC bought a new position in shares of PepsiCo during the 1st quarter worth about $55,000. 73.07% of the stock is currently owned by institutional investors and hedge funds.

PepsiCo Trading Down 0.2%

NASDAQ:PEP opened at $141.98 on Friday. The company has a debt-to-equity ratio of 2.12, a quick ratio of 0.60 and a current ratio of 0.78. The firm has a market cap of $194.38 billion, a price-to-earnings ratio of 25.86, a price-to-earnings-growth ratio of 3.59 and a beta of 0.46. PepsiCo, Inc. has a 52 week low of $127.60 and a 52 week high of $177.50. The firm has a 50-day moving average price of $144.36 and a two-hundred day moving average price of $139.45.

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

PepsiCo Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, September 30th. Shareholders of record on Friday, September 5th were paid a $1.4225 dividend. The ex-dividend date was Friday, September 5th. This represents a $5.69 annualized dividend and a yield of 4.0%. PepsiCo's dividend payout ratio (DPR) is 103.64%.

Analyst Ratings Changes

PEP has been the topic of a number of research analyst reports. Morgan Stanley increased their price objective on shares of PepsiCo from $153.00 to $165.00 and gave the stock an "equal weight" rating in a research report on Friday, July 18th. Weiss Ratings reiterated a "hold (c-)" rating on shares of PepsiCo in a research note on Saturday, September 27th. Bank of America cut their price target on PepsiCo from $150.00 to $145.00 and set a "neutral" rating for the company in a research note on Friday, July 11th. UBS Group cut their price target on PepsiCo from $175.00 to $170.00 and set a "buy" rating for the company in a research note on Thursday, September 11th. Finally, JPMorgan Chase & Co. cut their price target on PepsiCo from $150.00 to $139.00 and set a "neutral" rating for the company in a research note on Thursday, July 10th. Four equities research analysts have rated the stock with a Buy rating, fourteen have assigned a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat.com, PepsiCo currently has an average rating of "Hold" and an average price target of $157.87.

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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