Anchor Investment Management LLC Acquires 1,919 Shares of PepsiCo, Inc. $PEP

Key Points

• Anchor Investment Management LLC increased its holdings in PepsiCo by 9.5%, owning 22,062 shares valued at approximately $3.31 million.
• PepsiCo reported a quarterly earnings per share of $2.12, exceeding analysts' expectations, with a revenue of $22.73 billion—up 1% year-over-year.
• The company declared a quarterly dividend of $1.4225 per share, representing an annualized yield of 4.0% and a payout ratio of 103.64%.

Anchor Investment Management LLC raised its stake in PepsiCo, Inc. (NASDAQ:PEP - Free Report) by 9.5% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 22,062 shares of the company's stock after acquiring an additional 1,919 shares during the period. Anchor Investment Management LLC's holdings in PepsiCo were worth $3,308,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Elite Financial Inc. acquired a new position in PepsiCo in the 1st quarter valued at $28,000. Measured Risk Portfolios Inc. acquired a new position in shares of PepsiCo during the 4th quarter worth $31,000. Sunbeam Capital Management LLC acquired a new position in shares of PepsiCo during the 4th quarter worth $47,000. MorganRosel Wealth Management LLC acquired a new position in shares of PepsiCo during the 1st quarter worth $55,000. Finally, Migdal Insurance & Financial Holdings Ltd. acquired a new position in shares of PepsiCo during the 1st quarter worth $58,000. 73.07% of the stock is owned by institutional investors and hedge funds.

PepsiCo Price Performance

PEP stock traded down $0.70 during midday trading on Friday, reaching $143.53. 5,713,041 shares of the stock were exchanged, compared to its average volume of 8,264,811. The stock has a market capitalization of $196.50 billion, a PE ratio of 26.14, a P/E/G ratio of 3.65 and a beta of 0.46. PepsiCo, Inc. has a 52 week low of $127.60 and a 52 week high of $179.43. The company has a debt-to-equity ratio of 2.12, a current ratio of 0.78 and a quick ratio of 0.60. The company has a fifty day moving average price of $143.81 and a 200 day moving average price of $140.52.

PepsiCo (NASDAQ:PEP - Get Free Report) last released its quarterly 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 firm had revenue of $22.73 billion for the quarter, compared to analyst estimates of $22.28 billion. During the same quarter in the previous year, the company posted $2.28 EPS. The business'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, analysts expect that PepsiCo, Inc. will post 8.3 EPS for the current fiscal year.

PepsiCo Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, September 30th. Shareholders of record on Friday, September 5th will be given 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 payout ratio is 103.64%.

Wall Street Analyst Weigh In

A number of research firms have recently commented on PEP. Morgan Stanley boosted their price target on PepsiCo from $153.00 to $165.00 and gave the stock an "equal weight" rating in a report on Friday, July 18th. Royal Bank Of Canada reissued a "sector perform" rating and set a $146.00 price target on shares of PepsiCo in a report on Wednesday, September 3rd. UBS Group lowered their price target on PepsiCo from $175.00 to $170.00 and set a "buy" rating for the company in a report on Thursday. Wells Fargo & Company boosted their price objective on PepsiCo from $140.00 to $154.00 and gave the stock an "equal weight" rating in a research report on Friday, July 18th. Finally, Citigroup boosted their price objective on PepsiCo from $160.00 to $168.00 and gave the stock a "buy" rating in a research report on Friday, July 18th. Four 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 company 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.