Brooklyn Investment Group Acquires 2,974 Shares of PepsiCo, Inc. $PEP

Key Points

• Brooklyn Investment Group increased its holdings in PepsiCo, Inc. by 45.6% during the first quarter, bringing its stake to 9,498 shares valued at approximately $1.42 million.
• Several major institutional investors, including Vanguard Group and Charles Schwab Investment Management, also raised their stakes in PepsiCo, collectively indicating a strong institutional interest in the company.
• PepsiCo recently declared a quarterly dividend of $1.4225 per share, representing a 3.8% yield and a dividend payout ratio of 103.64%.

Brooklyn Investment Group increased its position in shares of PepsiCo, Inc. (NASDAQ:PEP - Free Report) by 45.6% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 9,498 shares of the company's stock after acquiring an additional 2,974 shares during the quarter. Brooklyn Investment Group's holdings in PepsiCo were worth $1,424,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also bought and sold shares of PEP. Vanguard Group Inc. lifted its stake in PepsiCo by 1.4% in the first quarter. Vanguard Group Inc. now owns 135,174,252 shares of the company's stock valued at $20,268,027,000 after buying an additional 1,802,748 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its stake in PepsiCo by 5.0% in the first quarter. Charles Schwab Investment Management Inc. now owns 26,475,241 shares of the company's stock valued at $3,969,698,000 after buying an additional 1,258,198 shares in the last quarter. Northern Trust Corp lifted its stake in PepsiCo by 8.7% in the fourth quarter. Northern Trust Corp now owns 16,403,395 shares of the company's stock valued at $2,494,300,000 after buying an additional 1,306,818 shares in the last quarter. Bank of New York Mellon Corp lifted its stake in PepsiCo by 0.4% in the first quarter. Bank of New York Mellon Corp now owns 14,062,857 shares of the company's stock valued at $2,108,585,000 after buying an additional 49,699 shares in the last quarter. Finally, Invesco Ltd. lifted its stake in PepsiCo by 4.5% in the first quarter. Invesco Ltd. now owns 11,328,158 shares of the company's stock valued at $1,698,544,000 after buying an additional 491,894 shares in the last quarter. Institutional investors own 73.07% of the company's stock.

Wall Street Analyst Weigh In

PEP has been the topic of a number of recent research reports. Royal Bank Of Canada reiterated a "sector perform" rating and issued a $148.00 price objective on shares of PepsiCo in a report on Tuesday, June 24th. Evercore ISI set a $140.00 price objective on shares of PepsiCo in a report on Thursday, April 24th. Morgan Stanley lifted their price objective on shares of PepsiCo from $153.00 to $165.00 and gave the company an "equal weight" rating in a report on Friday, July 18th. Citigroup lifted their price objective on shares of PepsiCo from $160.00 to $168.00 and gave the company a "buy" rating in a report on Friday, July 18th. Finally, Barclays lifted their price objective on shares of PepsiCo from $132.00 to $144.00 and gave the company an "equal weight" rating in a report on Monday, July 21st. Four equities research 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. According to MarketBeat.com, the company presently has an average rating of "Hold" and an average price target of $158.73.

PepsiCo Stock Performance

Shares of NASDAQ:PEP traded up $2.61 on Tuesday, hitting $152.16. The company had a trading volume of 8,593,550 shares, compared to its average volume of 7,820,128. PepsiCo, Inc. has a 1-year low of $127.60 and a 1-year high of $179.73. The stock has a market cap of $208.32 billion, a price-to-earnings ratio of 27.72, a P/E/G ratio of 3.98 and a beta of 0.45. The stock has a 50 day moving average price of $138.19 and a 200 day moving average price of $140.56. 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 (NASDAQ:PEP - Get Free Report) last released its quarterly earnings data on Thursday, July 17th. The company reported $2.12 EPS for the quarter, beating the consensus estimate of $2.03 by $0.09. PepsiCo had a net margin of 8.23% and a return on equity of 57.81%. The firm had revenue of $22.73 billion for the quarter, compared to the consensus estimate of $22.28 billion. During the same period in the previous year, the company earned $2.28 earnings per share. The company's quarterly revenue was up 1.0% on a year-over-year basis. PepsiCo has set its FY 2025 guidance at 8.038-8.038 EPS. Analysts expect that PepsiCo, Inc. will post 8.3 EPS for the current year.

PepsiCo Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 30th. Shareholders of record on Friday, September 5th will be issued a $1.4225 dividend. This represents a $5.69 annualized dividend and a dividend yield of 3.7%. The ex-dividend date is Friday, September 5th. PepsiCo's payout ratio is currently 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.