PepsiCo, Inc. $PEP Shares Bought by Beck Mack & Oliver LLC

Key Points

• Beck Mack & Oliver LLC increased its stake in PepsiCo by 13.2%, now owning 23,757 shares, worth approximately $3.56 million.
• PepsiCo reported earnings of $2.12 per share for the latest quarter, exceeding expectations and reflecting a 1.0% year-over-year revenue growth to $22.73 billion.
• The company declared a quarterly dividend of $1.4225 per share, indicating a 3.8% dividend yield and a payout ratio of 103.64%.

Beck Mack & Oliver LLC lifted its holdings in shares of PepsiCo, Inc. (NASDAQ:PEP - Free Report) by 13.2% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 23,757 shares of the company's stock after purchasing an additional 2,775 shares during the quarter. Beck Mack & Oliver LLC's holdings in PepsiCo were worth $3,562,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also recently made changes to their positions in the stock. ICW Investment Advisors LLC grew its stake in shares of PepsiCo by 1.6% in the first quarter. ICW Investment Advisors LLC now owns 21,402 shares of the company's stock valued at $3,209,000 after buying an additional 330 shares in the last quarter. Retirement Planning Co of New England Inc. grew its stake in PepsiCo by 6.8% during the 1st quarter. Retirement Planning Co of New England Inc. now owns 6,040 shares of the company's stock worth $906,000 after purchasing an additional 386 shares in the last quarter. Trace Wealth Advisors LLC raised its holdings in PepsiCo by 3.3% in the first quarter. Trace Wealth Advisors LLC now owns 2,531 shares of the company's stock valued at $379,000 after acquiring an additional 80 shares in the last quarter. Quarry LP lifted its position in shares of PepsiCo by 378.6% during the 1st quarter. Quarry LP now owns 2,369 shares of the company's stock worth $355,000 after purchasing an additional 1,874 shares during the last quarter. Finally, Calton & Associates Inc. purchased a new position in shares of PepsiCo in the 1st quarter valued at about $202,000. Hedge funds and other institutional investors own 73.07% of the company's stock.

PepsiCo Stock Performance

Shares of PEP stock opened at $148.65 on Friday. The stock has a fifty day moving average price of $141.13 and a 200 day moving average price of $140.73. 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 stock has a market cap of $203.51 billion, a PE ratio of 27.08, a P/E/G ratio of 3.96 and a beta of 0.45. PepsiCo, Inc. has a 1 year low of $127.60 and a 1 year high of $179.73.

PepsiCo (NASDAQ:PEP - Get Free Report) last announced its quarterly earnings results on Thursday, July 17th. The company reported $2.12 earnings per share for the quarter, beating analysts' consensus estimates of $2.03 by $0.09. The business 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 business's revenue for the quarter was up 1.0% on a year-over-year basis. During the same quarter last year, the business posted $2.28 earnings per share. PepsiCo has set its FY 2025 guidance at 8.038-8.038 EPS. Sell-side analysts forecast that PepsiCo, Inc. will post 8.3 earnings per share for the current fiscal year.

PepsiCo Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, September 30th. Stockholders of record on Friday, September 5th will be given a $1.4225 dividend. The ex-dividend date is Friday, September 5th. This represents a $5.69 annualized dividend and a dividend yield of 3.8%. PepsiCo's dividend payout ratio is currently 103.64%.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on PEP shares. Deutsche Bank Aktiengesellschaft reiterated a "buy" rating on shares of PepsiCo in a research note on Thursday, July 17th. Dbs Bank lowered shares of PepsiCo from a "strong-buy" rating to a "hold" rating in a research report on Friday, May 9th. Citigroup upped their price target on shares of PepsiCo from $160.00 to $168.00 and gave the company a "buy" rating in a research report on Friday, July 18th. Morgan Stanley raised their price objective on shares of PepsiCo from $153.00 to $165.00 and gave the stock an "equal weight" rating in a research report on Friday, July 18th. Finally, Wells Fargo & Company upped their price target on PepsiCo from $140.00 to $154.00 and gave the stock an "equal weight" rating in a research note on Friday, July 18th. Four analysts have rated the stock with a Buy rating, fourteen have issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, PepsiCo has an average rating of "Hold" and a consensus price target of $158.73.

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.