PepsiCo, Inc. $PEP Shares Acquired by Cairn Investment Group Inc.

Key Points

• Cairn Investment Group Inc. significantly increased its stake in PepsiCo by 904.4% during the second quarter, now holding 35,555 shares valued at approximately $4.7 million.
• PepsiCo's recent earnings report revealed an EPS of $2.12, surpassing estimates, with revenues reaching $22.73 billion for the quarter.
• The company announced a quarterly dividend of $1.4225 per share, reflecting an annualized yield of 4.1% and a payout ratio of 103.64%.

Cairn Investment Group Inc. lifted its stake in shares of PepsiCo, Inc. (NASDAQ:PEP - Free Report) by 904.4% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 35,555 shares of the company's stock after acquiring an additional 32,015 shares during the period. PepsiCo accounts for approximately 2.5% of Cairn Investment Group Inc.'s portfolio, making the stock its 15th biggest holding. Cairn Investment Group Inc.'s holdings in PepsiCo were worth $4,695,000 at the end of the most recent reporting period.

A number of other large investors have also made changes to their positions in PEP. Brighton Jones LLC lifted its position in PepsiCo by 12.4% during the fourth quarter. Brighton Jones LLC now owns 59,392 shares of the company's stock worth $9,031,000 after buying an additional 6,574 shares during the period. Rothschild Investment LLC lifted its position in PepsiCo by 0.5% during the first quarter. Rothschild Investment LLC now owns 15,873 shares of the company's stock worth $2,380,000 after buying an additional 78 shares during the period. Investors Research Corp lifted its position in PepsiCo by 82.6% during the first quarter. Investors Research Corp now owns 2,891 shares of the company's stock worth $433,000 after buying an additional 1,308 shares during the period. Ables Iannone Moore & Associates Inc. lifted its position in PepsiCo by 5.9% during the first quarter. Ables Iannone Moore & Associates Inc. now owns 8,349 shares of the company's stock worth $1,252,000 after buying an additional 462 shares during the period. Finally, Fifth Third Wealth Advisors LLC lifted its position in PepsiCo by 20.1% during the first quarter. Fifth Third Wealth Advisors LLC now owns 31,521 shares of the company's stock worth $4,726,000 after buying an additional 5,269 shares during the period. Institutional investors and hedge funds own 73.07% of the company's stock.

PepsiCo Price Performance

Shares of PEP opened at $140.44 on Monday. The firm has a market cap of $192.27 billion, a price-to-earnings ratio of 25.58, a PEG ratio of 3.54 and a beta of 0.46. The stock has a 50 day moving average of $144.63 and a 200-day moving average of $139.59. 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 52 week low of $127.60 and a 52 week high of $177.50.

PepsiCo (NASDAQ:PEP - Get Free Report) last issued its earnings results on Thursday, July 17th. The company reported $2.12 EPS for the quarter, topping the consensus estimate of $2.03 by $0.09. The company had revenue of $22.73 billion during 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 business's revenue was up 1.0% on a year-over-year basis. During the same quarter last year, the firm earned $2.28 EPS. PepsiCo has set its FY 2025 guidance at 8.038-8.038 EPS. As a group, analysts forecast that PepsiCo, Inc. will post 8.3 EPS for the current year.

PepsiCo Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 30th. Shareholders of record on Friday, September 5th will be paid a dividend of $1.4225 per share. The ex-dividend date of this dividend is Friday, September 5th. This represents a $5.69 annualized dividend and a yield of 4.1%. PepsiCo's payout ratio is presently 103.64%.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on the company. Royal Bank Of Canada reduced their target price on PepsiCo from $146.00 to $145.00 and set a "sector perform" rating on the stock in a research report on Monday, September 15th. JPMorgan Chase & Co. reduced their target price on PepsiCo from $150.00 to $139.00 and set a "neutral" rating on the stock in a research report on Thursday, July 10th. Barclays raised their price objective on PepsiCo from $132.00 to $144.00 and gave the stock an "equal weight" rating in a report on Monday, July 21st. Bank of America cut their price objective on PepsiCo from $150.00 to $145.00 and set a "neutral" rating on the stock in a report on Friday, July 11th. Finally, Morgan Stanley raised their price objective on PepsiCo from $153.00 to $165.00 and gave the stock an "equal weight" rating in a report on Friday, July 18th. Four 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. Based on data from MarketBeat.com, the company has an average rating of "Hold" and a consensus price target of $158.13.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.