PepsiCo, Inc. $PEP Position Raised by Douglas Lane & Associates LLC

Key Points

• Douglas Lane & Associates LLC increased its stake in PepsiCo, Inc. by 29.9% during the second quarter, owning 305,799 shares valued at approximately $40.38 million.
• PepsiCo reported an earnings per share (EPS) of $2.12, exceeding expectations, with revenue of $22.73 billion for the quarter, a 1% year-over-year increase.
• The company announced a quarterly dividend of $1.4225, which equates to an annualized dividend of $5.69 and a yield of 4.0%.

Douglas Lane & Associates LLC increased its position in shares of PepsiCo, Inc. (NASDAQ:PEP - Free Report) by 29.9% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 305,799 shares of the company's stock after purchasing an additional 70,450 shares during the period. Douglas Lane & Associates LLC's holdings in PepsiCo were worth $40,378,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in PEP. TruWealth Advisors LLC acquired a new position in PepsiCo in the second quarter worth approximately $216,000. Garde Capital Inc. grew its position in PepsiCo by 16.6% in the second quarter. Garde Capital Inc. now owns 3,388 shares of the company's stock worth $447,000 after buying an additional 483 shares during the last quarter. Sage Capital Advisors llc grew its position in PepsiCo by 1.1% in the second quarter. Sage Capital Advisors llc now owns 63,148 shares of the company's stock worth $8,338,000 after buying an additional 675 shares during the last quarter. Trust Co of the South grew its position in PepsiCo by 5.1% in the second quarter. Trust Co of the South now owns 5,805 shares of the company's stock worth $766,000 after buying an additional 282 shares during the last quarter. Finally, Crumly & Associates Inc. grew its position in PepsiCo by 17.2% in the second quarter. Crumly & Associates Inc. now owns 2,039 shares of the company's stock worth $269,000 after buying an additional 299 shares during the last quarter. Institutional investors own 73.07% of the company's stock.

PepsiCo Trading Down 0.5%

PepsiCo stock opened at $143.53 on Friday. The company's fifty day simple moving average is $143.81 and its 200-day simple moving average is $140.52. 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 12 month low of $127.60 and a 12 month high of $179.43. The stock has a market cap of $196.50 billion, a P/E ratio of 26.14, a P/E/G ratio of 3.65 and a beta of 0.46.

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

PepsiCo Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 30th. Investors of record on Friday, September 5th will be paid a $1.4225 dividend. This represents a $5.69 annualized dividend and a dividend yield of 4.0%. The ex-dividend date of this dividend is Friday, September 5th. PepsiCo's payout ratio is presently 103.64%.

Analyst Ratings Changes

Several research analysts have issued reports on the stock. UBS Group decreased their price target on shares of PepsiCo from $175.00 to $170.00 and set a "buy" rating on the stock in a research report on Thursday. Cowen reissued a "hold" rating on shares of PepsiCo in a research note on Thursday, July 17th. Wells Fargo & Company boosted their target price on shares of PepsiCo from $140.00 to $154.00 and gave the company an "equal weight" rating in a research note on Friday, July 18th. JPMorgan Chase & Co. cut their target price on shares of PepsiCo from $150.00 to $139.00 and set a "neutral" rating on the stock in a research note on Thursday, July 10th. Finally, Barclays boosted their target price on shares of PepsiCo from $132.00 to $144.00 and gave the company an "equal weight" rating in a research note on Monday, July 21st. Four research 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.com, the stock presently has an average rating of "Hold" and an average price target of $158.67.

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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