Focus Partners Wealth Buys 3,187 Shares of PepsiCo, Inc. $PEP

Key Points

• Focus Partners Wealth increased its holdings in PepsiCo by 0.3%, owning approximately 1.12 million shares valued at $168.35 million at the end of the last quarter.
• PepsiCo reported an EPS of $2.12, exceeding analysts' expectations, with quarterly revenue of $22.73 billion, a 1.0% increase from the previous year.
• The company declared a quarterly dividend of $1.4225 per share, reflecting an annualized dividend of $5.69 and a yield of 4.0%, with a payout ratio of 103.64%.

Focus Partners Wealth boosted its stake in shares of PepsiCo, Inc. (NASDAQ:PEP - Free Report) by 0.3% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,122,798 shares of the company's stock after acquiring an additional 3,187 shares during the quarter. Focus Partners Wealth owned 0.08% of PepsiCo worth $168,353,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors also recently bought and sold shares of PEP. Nuveen LLC purchased a new stake in PepsiCo during the 1st quarter valued at about $946,978,000. GAMMA Investing LLC boosted its holdings in PepsiCo by 19,106.5% during the 1st quarter. GAMMA Investing LLC now owns 4,588,614 shares of the company's stock valued at $688,017,000 after acquiring an additional 4,564,723 shares during the period. Assenagon Asset Management S.A. boosted its holdings in PepsiCo by 106.1% during the 1st quarter. Assenagon Asset Management S.A. now owns 3,514,965 shares of the company's stock valued at $527,034,000 after acquiring an additional 1,809,391 shares during the period. Vanguard Group Inc. boosted its holdings in PepsiCo by 1.4% during the 1st 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 period. Finally, Universal Beteiligungs und Servicegesellschaft mbH purchased a new stake in PepsiCo during the 4th quarter valued at about $221,297,000. 73.07% of the stock is currently owned by hedge funds and other institutional investors.

PepsiCo Stock Down 0.5%

Shares of PEP traded down $0.70 on Friday, reaching $143.53. The stock had a trading volume of 5,713,041 shares, compared to its average volume of 8,491,879. The firm has a market capitalization of $196.50 billion, a price-to-earnings ratio of 26.14, a price-to-earnings-growth ratio of 3.61 and a beta of 0.46. The company has a debt-to-equity ratio of 2.12, a quick ratio of 0.60 and a current ratio of 0.78. The company has a 50-day simple moving average of $143.81 and a 200-day simple moving average of $140.60. PepsiCo, Inc. has a 12-month low of $127.60 and a 12-month high of $179.43.

PepsiCo (NASDAQ:PEP - Get Free Report) last released 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. The company had revenue of $22.73 billion during the quarter, compared to analysts' expectations 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% compared to the same quarter last year. During the same quarter last year, the business posted $2.28 EPS. PepsiCo has set its FY 2025 guidance at 8.038-8.038 EPS. Sell-side analysts predict that PepsiCo, Inc. will post 8.3 EPS for the current year.

PepsiCo Announces Dividend

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 paid a $1.4225 dividend. This represents a $5.69 dividend on an annualized basis and a dividend yield of 4.0%. The ex-dividend date is Friday, September 5th. PepsiCo's dividend payout ratio (DPR) is presently 103.64%.

Analysts Set New Price Targets

Several brokerages recently weighed in on PEP. Wells Fargo & Company increased their target price on PepsiCo from $140.00 to $154.00 and gave the company an "equal weight" rating in a report on Friday, July 18th. Bank of America dropped their price objective on PepsiCo from $150.00 to $145.00 and set a "neutral" rating for the company in a report on Friday, July 11th. Morgan Stanley increased 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. UBS Group dropped their price objective on PepsiCo from $175.00 to $170.00 and set a "buy" rating for the company in a report on Thursday. Finally, Cowen reiterated a "hold" rating on shares of PepsiCo in a report on Thursday, July 17th. Four equities research analysts have rated the stock with a Buy rating, fourteen have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus target price 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.