PepsiCo, Inc. $PEP Shares Acquired by Detalus Advisors LLC

Key Points

• Detalus Advisors LLC increased its stake in PepsiCo by 18.6% in Q2, owning 12,155 shares valued at $1.6 million.
• Institutional investors currently hold 73.07% of PepsiCo's stock, reflecting a strong interest from larger funds.
• PepsiCo declared a quarterly dividend of $1.4225 per share, representing an annualized yield of 4.0%.

Detalus Advisors LLC boosted its position in shares of PepsiCo, Inc. (NASDAQ:PEP - Free Report) by 18.6% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 12,155 shares of the company's stock after purchasing an additional 1,910 shares during the period. Detalus Advisors LLC's holdings in PepsiCo were worth $1,605,000 at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of PEP. Brighton Jones LLC grew its stake in PepsiCo by 12.4% during the 4th quarter. Brighton Jones LLC now owns 59,392 shares of the company's stock valued at $9,031,000 after purchasing an additional 6,574 shares in the last quarter. Congress Asset Management Co. grew its position in shares of PepsiCo by 4.5% during the first quarter. Congress Asset Management Co. now owns 2,491 shares of the company's stock worth $373,000 after buying an additional 108 shares in the last quarter. Wedge Capital Management L L P NC acquired a new stake in shares of PepsiCo during the first quarter worth approximately $408,000. Moss Adams Wealth Advisors LLC grew its position in shares of PepsiCo by 19.6% during the first quarter. Moss Adams Wealth Advisors LLC now owns 2,658 shares of the company's stock worth $399,000 after buying an additional 435 shares in the last quarter. Finally, Farther Finance Advisors LLC grew its position in shares of PepsiCo by 35.2% during the first quarter. Farther Finance Advisors LLC now owns 39,147 shares of the company's stock worth $5,859,000 after buying an additional 10,187 shares in the last quarter. 73.07% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

PEP has been the subject of several recent analyst reports. Barclays reissued a "cautious" rating on shares of PepsiCo in a report on Friday. Wells Fargo & Company decreased their price target on PepsiCo from $154.00 to $150.00 and set an "equal weight" rating for the company in a research note on Thursday, September 25th. Citigroup decreased their price target on PepsiCo from $168.00 to $165.00 and set a "buy" rating for the company in a research note on Thursday, September 25th. Deutsche Bank Aktiengesellschaft reiterated a "buy" rating on shares of PepsiCo in a research report on Thursday, July 17th. Finally, BNP Paribas Exane decreased their target price on PepsiCo from $152.00 to $150.00 and set a "neutral" rating for the company in a research report on Monday. Four investment analysts have rated the stock with a Buy rating, fifteen have given a Hold rating and two have assigned a Sell rating to the company's stock. According to data from MarketBeat, PepsiCo presently has a consensus rating of "Hold" and a consensus target price of $158.13.

PepsiCo Stock Performance

Shares of PEP stock opened at $140.79 on Wednesday. The company has a quick ratio of 0.60, a current ratio of 0.78 and a debt-to-equity ratio of 2.12. The business has a 50 day moving average of $144.26 and a two-hundred day moving average of $139.31. PepsiCo, Inc. has a 52 week low of $127.60 and a 52 week high of $177.50. The company has a market cap of $192.75 billion, a P/E ratio of 25.64, a PEG ratio of 3.53 and a beta of 0.46.

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

PepsiCo Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, September 30th. Stockholders of record on Friday, September 5th were issued a dividend of $1.4225 per share. The ex-dividend date of this dividend was Friday, September 5th. This represents a $5.69 annualized dividend and a dividend yield of 4.0%. PepsiCo's payout ratio is 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.

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