Boston Family Office LLC Increases Position in PepsiCo, Inc. $PEP

Key Points

• Boston Family Office LLC increased its stake in PepsiCo by 6.4%, now holding 63,927 shares worth approximately $9.59 million.
• PepsiCo reported quarterly earnings of $2.12 EPS, exceeding analyst expectations and marking a 1.0% year-over-year revenue increase to $22.73 billion.
• The company declared a quarterly dividend of $1.4225 per share, with a dividend yield of 3.8% and a payout ratio of 103.64%.

Boston Family Office LLC grew its stake in PepsiCo, Inc. (NASDAQ:PEP - Free Report) by 6.4% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 63,927 shares of the company's stock after acquiring an additional 3,871 shares during the quarter. Boston Family Office LLC's holdings in PepsiCo were worth $9,585,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in PEP. Legacy Financial Group LLC lifted its stake in PepsiCo by 4.9% during the 1st quarter. Legacy Financial Group LLC now owns 1,514 shares of the company's stock worth $227,000 after acquiring an additional 71 shares in the last quarter. Pflug Koory LLC increased its stake in shares of PepsiCo by 1.0% during the first quarter. Pflug Koory LLC now owns 7,750 shares of the company's stock worth $1,162,000 after buying an additional 76 shares during the period. Hoge Financial Services LLC raised its holdings in shares of PepsiCo by 2.1% in the 1st quarter. Hoge Financial Services LLC now owns 3,633 shares of the company's stock valued at $545,000 after purchasing an additional 76 shares in the last quarter. Members Trust Co lifted its holdings in PepsiCo by 1.3% during the 1st quarter. Members Trust Co now owns 5,941 shares of the company's stock worth $891,000 after buying an additional 77 shares during the last quarter. Finally, Fairview Capital Investment Management LLC boosted its position in shares of PepsiCo by 2.3% during the 4th quarter. Fairview Capital Investment Management LLC now owns 3,526 shares of the company's stock worth $536,000 after acquiring an additional 78 shares in the last quarter. 73.07% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several brokerages have recently weighed in on PEP. Evercore ISI set a $140.00 target price on PepsiCo in a research report on Thursday, April 24th. Royal Bank Of Canada reissued a "sector perform" rating and set a $148.00 price objective on shares of PepsiCo in a report on Tuesday, June 24th. Dbs Bank cut shares of PepsiCo from a "strong-buy" rating to a "hold" rating in a report on Friday, May 9th. Deutsche Bank Aktiengesellschaft reiterated a "buy" rating on shares of PepsiCo in a research note on Thursday, July 17th. Finally, Barclays boosted their price target on shares of PepsiCo from $132.00 to $144.00 and gave the company an "equal weight" rating in a research report on Monday, July 21st. Four research analysts have rated the stock with a Buy rating, fourteen have issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of "Hold" and an average price target of $158.73.

PepsiCo Stock Performance

Shares of PEP traded down $1.43 during mid-day trading on Wednesday, hitting $150.73. 10,022,496 shares of the company's stock were exchanged, compared to its average volume of 7,835,899. The company has a current ratio of 0.78, a quick ratio of 0.60 and a debt-to-equity ratio of 2.12. PepsiCo, Inc. has a fifty-two week low of $127.60 and a fifty-two week high of $179.73. The business's 50 day moving average is $138.61 and its two-hundred day moving average is $140.63. The firm has a market capitalization of $206.36 billion, a P/E ratio of 27.46, a P/E/G ratio of 4.05 and a beta of 0.45.

PepsiCo (NASDAQ:PEP - Get Free Report) last issued its quarterly earnings results on Thursday, July 17th. The company reported $2.12 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.03 by $0.09. PepsiCo had a return on equity of 57.81% and a net margin of 8.23%.The firm had revenue of $22.73 billion for the quarter, compared to analysts' expectations of $22.28 billion. During the same quarter in the previous year, the firm posted $2.28 EPS. The firm's revenue for the quarter was up 1.0% on a year-over-year basis. 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 year.

PepsiCo Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 30th. Stockholders of record on Friday, September 5th will be issued a $1.4225 dividend. The ex-dividend date of this dividend is Friday, September 5th. This represents a $5.69 annualized dividend and a dividend yield of 3.8%. PepsiCo's payout ratio is presently 103.64%.

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.