Ally Financial Inc. Has $14.84 Million Holdings in PepsiCo, Inc. $PEP

Key Points

• Ally Financial Inc. increased its stake in PepsiCo by 20.7%, making it the firm's 10th largest holding with a value of approximately $14.84 million.
• PepsiCo reported a quarterly earnings of $2.12 per share, surpassing analysts' expectations, and generated a revenue of $22.73 billion.
• The company announced a quarterly dividend of $1.4225 per share, resulting in a 3.8% dividend yield for investors.

Ally Financial Inc. raised its holdings in PepsiCo, Inc. (NASDAQ:PEP - Free Report) by 20.7% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 99,000 shares of the company's stock after acquiring an additional 17,000 shares during the period. PepsiCo comprises 1.7% of Ally Financial Inc.'s holdings, making the stock its 10th biggest holding. Ally Financial Inc.'s holdings in PepsiCo were worth $14,844,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Vanguard Group Inc. grew its position in PepsiCo by 1.4% in the first quarter. Vanguard Group Inc. now owns 135,174,252 shares of the company's stock valued at $20,268,027,000 after acquiring an additional 1,802,748 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its stake in shares of PepsiCo by 5.0% during the first quarter. Charles Schwab Investment Management Inc. now owns 26,475,241 shares of the company's stock valued at $3,969,698,000 after purchasing an additional 1,258,198 shares in the last quarter. Northern Trust Corp boosted its stake in shares of PepsiCo by 8.7% during the fourth quarter. Northern Trust Corp now owns 16,403,395 shares of the company's stock valued at $2,494,300,000 after purchasing an additional 1,306,818 shares in the last quarter. Bank of New York Mellon Corp boosted its stake in shares of PepsiCo by 0.4% during the first quarter. Bank of New York Mellon Corp now owns 14,062,857 shares of the company's stock valued at $2,108,585,000 after purchasing an additional 49,699 shares in the last quarter. Finally, Invesco Ltd. boosted its stake in shares of PepsiCo by 4.5% during the first quarter. Invesco Ltd. now owns 11,328,158 shares of the company's stock valued at $1,698,544,000 after purchasing an additional 491,894 shares in the last quarter. Institutional investors own 73.07% of the company's stock.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on the company. JPMorgan Chase & Co. cut their price target on PepsiCo from $150.00 to $139.00 and set a "neutral" rating on the stock in a research note on Thursday, July 10th. Wells Fargo & Company lifted their price target on PepsiCo from $140.00 to $154.00 and gave the company an "equal weight" rating in a research note on Friday, July 18th. Barclays lifted their price target on PepsiCo from $132.00 to $144.00 and gave the company an "equal weight" rating in a research note on Monday, July 21st. Bank of America cut their price target on PepsiCo from $150.00 to $145.00 and set a "neutral" rating on the stock in a research note on Friday, July 11th. Finally, Cowen reaffirmed a "hold" rating on shares of PepsiCo in a research note on Thursday, July 17th. 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 stock. According to data from MarketBeat, the company currently has a consensus rating of "Hold" and an average target price of $158.73.

PepsiCo Trading Down 0.8%

PEP stock traded down $1.20 during mid-day trading on Tuesday, reaching $147.00. The company's stock had a trading volume of 11,207,315 shares, compared to its average volume of 7,658,064. The company has a market cap of $201.25 billion, a price-to-earnings ratio of 26.78, a price-to-earnings-growth ratio of 3.95 and a beta of 0.45. The business's 50 day moving average price is $140.01 and its 200 day moving average price is $140.66. 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 12 month low of $127.60 and a 12 month high of $179.73.

PepsiCo (NASDAQ:PEP - Get Free Report) last issued its earnings results on Thursday, July 17th. The company reported $2.12 earnings per share for the quarter, topping analysts' consensus estimates of $2.03 by $0.09. The business had revenue of $22.73 billion during the quarter, compared to the consensus estimate of $22.28 billion. PepsiCo had a return on equity of 57.81% and a net margin of 8.23%.The firm's revenue for the quarter 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. On average, equities research analysts predict that PepsiCo, Inc. will post 8.3 EPS for the current year.

PepsiCo Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 30th. Stockholders of record on Friday, September 5th will be issued a dividend of $1.4225 per share. The ex-dividend date is Friday, September 5th. This represents a $5.69 annualized dividend and a dividend yield of 3.9%. PepsiCo's payout ratio is currently 103.64%.

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.