Pacifica Partners Inc. Raises Holdings in PepsiCo, Inc. $PEP

Key Points

• Pacifica Partners Inc. increased its stake in PepsiCo by 53.1%, acquiring 13,137 additional shares, bringing its total to 37,885 shares valued at approximately $4.96 million.
• PepsiCo's latest earnings report showed an EPS of $2.12, exceeding analysts' expectations, with revenue of $22.73 billion for the quarter.
• The company announced a quarterly dividend of $1.4225 per share, resulting in an annualized dividend of $5.69 and a yield of 4.0%, despite a payout ratio exceeding 100%.

Pacifica Partners Inc. lifted its position in shares of PepsiCo, Inc. (NASDAQ:PEP - Free Report) by 53.1% during the 2nd quarter, according to its most recent disclosure with the SEC. The firm owned 37,885 shares of the company's stock after buying an additional 13,137 shares during the period. PepsiCo accounts for approximately 2.0% of Pacifica Partners Inc.'s portfolio, making the stock its 15th largest holding. Pacifica Partners Inc.'s holdings in PepsiCo were worth $4,964,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of PEP. Lewis Asset Management LLC acquired a new position in shares of PepsiCo during the second quarter worth $398,000. Southland Equity Partners LLC raised its stake in shares of PepsiCo by 1.2% in the 2nd quarter. Southland Equity Partners LLC now owns 13,886 shares of the company's stock worth $1,834,000 after buying an additional 166 shares in the last quarter. Bank & Trust Co lifted its holdings in shares of PepsiCo by 3.2% during the second quarter. Bank & Trust Co now owns 6,895 shares of the company's stock valued at $910,000 after purchasing an additional 212 shares during the last quarter. Avanza Fonder AB lifted its holdings in shares of PepsiCo by 3.5% in the second quarter. Avanza Fonder AB now owns 134,600 shares of the company's stock valued at $17,773,000 after purchasing an additional 4,505 shares in the last quarter. Finally, Matrix Trust Co boosted its stake in shares of PepsiCo by 14.4% during the 2nd quarter. Matrix Trust Co now owns 8,834 shares of the company's stock valued at $1,166,000 after buying an additional 1,109 shares during the period. 73.07% of the stock is currently owned by hedge funds and other institutional investors.

PepsiCo Trading Down 0.5%

Shares of PepsiCo stock traded down $0.73 during trading on Monday, reaching $141.03. 5,795,948 shares of the stock were exchanged, compared to its average volume of 8,054,161. The stock's fifty day moving average is $144.50 and its 200 day moving average is $139.87. The firm has a market cap of $193.08 billion, a price-to-earnings ratio of 25.69, a price-to-earnings-growth ratio of 3.58 and a beta of 0.46. The company has a quick ratio of 0.60, a current ratio of 0.78 and a debt-to-equity ratio of 2.12. PepsiCo, Inc. has a 1 year low of $127.60 and a 1 year high of $177.50.

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

PepsiCo Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 30th. Shareholders of record on Friday, September 5th will be issued a $1.4225 dividend. The ex-dividend date is Friday, September 5th. This represents a $5.69 dividend on an annualized basis and a yield of 4.0%. PepsiCo's payout ratio is currently 103.64%.

Analysts Set New Price Targets

A number of research analysts recently issued reports on PEP shares. Cowen reiterated a "hold" rating on shares of PepsiCo in a research note on Thursday, July 17th. Royal Bank Of Canada dropped their price target on PepsiCo from $146.00 to $145.00 and set a "sector perform" rating on the stock in a research note on Monday, September 15th. Citigroup increased their price objective on shares of PepsiCo from $160.00 to $168.00 and gave the company a "buy" rating in a research report on Friday, July 18th. Deutsche Bank Aktiengesellschaft reaffirmed a "buy" rating on shares of PepsiCo in a research note on Thursday, July 17th. Finally, JPMorgan Chase & Co. dropped their target price on PepsiCo from $150.00 to $139.00 and set a "neutral" rating for the company in a research report on Thursday, July 10th. Four equities research analysts have rated the stock with a Buy rating, fourteen have assigned a Hold rating and one has issued a Sell rating to the company's stock. According to MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus target price of $158.60.

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.