PepsiCo, Inc. $PEP Shares Bought by Focus Partners Advisor Solutions LLC

Key Points

• Focus Partners Advisor Solutions LLC increased its holdings in PepsiCo, Inc. by 4.9%, now owning 85,595 shares valued at approximately $12.83 million.
• PepsiCo reported a Q2 profit of $2.12 EPS, surpassing estimates, with quarterly revenue of $22.73 billion and a 1.0% year-over-year growth.
• The company declared a quarterly dividend of $1.4225, with a yield of 3.8% and a payout ratio of 103.64%.

Focus Partners Advisor Solutions LLC grew its stake in PepsiCo, Inc. (NASDAQ:PEP - Free Report) by 4.9% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 85,595 shares of the company's stock after acquiring an additional 4,019 shares during the quarter. Focus Partners Advisor Solutions LLC's holdings in PepsiCo were worth $12,834,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in the stock. Nuveen LLC bought a new position in shares of PepsiCo during the first quarter valued at $946,978,000. GAMMA Investing LLC lifted its holdings in shares of PepsiCo by 19,106.5% during the first quarter. GAMMA Investing LLC now owns 4,588,614 shares of the company's stock valued at $688,017,000 after purchasing an additional 4,564,723 shares in the last quarter. Assenagon Asset Management S.A. lifted its holdings in shares of PepsiCo by 106.1% during the first quarter. Assenagon Asset Management S.A. now owns 3,514,965 shares of the company's stock valued at $527,034,000 after purchasing an additional 1,809,391 shares in the last quarter. Vanguard Group Inc. lifted its holdings in shares of PepsiCo by 1.4% during the first quarter. Vanguard Group Inc. now owns 135,174,252 shares of the company's stock valued at $20,268,027,000 after purchasing an additional 1,802,748 shares in the last quarter. Finally, Universal Beteiligungs und Servicegesellschaft mbH bought a new position in shares of PepsiCo during the fourth quarter valued at $221,297,000. 73.07% of the stock is owned by institutional investors.

PepsiCo Price Performance

Shares of NASDAQ:PEP traded down $1.64 during trading on Wednesday, hitting $148.64. 11,245,271 shares of the company's stock were exchanged, compared to its average volume of 7,288,083. The business's 50-day simple moving average is $142.32 and its 200 day simple moving average is $140.86. PepsiCo, Inc. has a 52-week low of $127.60 and a 52-week high of $179.73. The company has a market cap of $203.50 billion, a price-to-earnings ratio of 27.07, a PEG ratio of 3.96 and a beta of 0.46. The company has a debt-to-equity ratio of 2.12, a current ratio of 0.78 and a quick ratio of 0.60.

PepsiCo (NASDAQ:PEP - Get Free Report) last posted its quarterly earnings data on Thursday, July 17th. The company reported $2.12 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.03 by $0.09. PepsiCo had a return on equity of 57.81% and a net margin of 8.23%.The business had revenue of $22.73 billion during the quarter, compared to analyst estimates of $22.28 billion. During the same period last year, the company earned $2.28 EPS. The company's revenue for the quarter 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, equities analysts predict that PepsiCo, Inc. will post 8.3 EPS for the current year.

PepsiCo Dividend Announcement

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

Analyst Upgrades and Downgrades

A number of research firms have weighed in on PEP. Dbs Bank downgraded PepsiCo from a "strong-buy" rating to a "hold" rating in a report on Friday, May 9th. Morgan Stanley increased their target price on PepsiCo from $153.00 to $165.00 and gave the company an "equal weight" rating in a report on Friday, July 18th. Citigroup increased their target price on PepsiCo from $160.00 to $168.00 and gave the company a "buy" rating in a report on Friday, July 18th. Barclays upped their price target on PepsiCo from $132.00 to $144.00 and gave the stock an "equal weight" rating in a research report on Monday, July 21st. 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 report on Friday, July 18th. Four investment analysts have rated the stock with a Buy rating, fourteen have assigned a Hold rating and one has issued a Sell rating to the company's stock. According to MarketBeat.com, PepsiCo has a consensus rating of "Hold" and a consensus price target of $158.60.

About PepsiCo

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.