PepsiCo, Inc. $PEP Shares Purchased by Empowered Funds LLC

Key Points

• Empowered Funds LLC increased its holdings in PepsiCo, Inc. by 15.8%, now owning 160,973 shares valued at $24.1 million.
• PepsiCo's Q2 earnings exceeded expectations with $2.12 earnings per share, beating the consensus estimate of $2.03.
• The company announced a quarterly dividend of $1.4225, resulting in a 4.0% dividend yield, with a payout ratio of 103.64%.

Empowered Funds LLC increased its position in shares of PepsiCo, Inc. (NASDAQ:PEP - Free Report) by 15.8% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 160,973 shares of the company's stock after acquiring an additional 22,010 shares during the period. Empowered Funds LLC's holdings in PepsiCo were worth $24,136,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of PEP. Legacy Financial Group LLC increased its holdings in PepsiCo by 4.9% during the 1st quarter. Legacy Financial Group LLC now owns 1,514 shares of the company's stock worth $227,000 after purchasing an additional 71 shares during the period. Pflug Koory LLC grew its position in shares of PepsiCo by 1.0% during the first quarter. Pflug Koory LLC now owns 7,750 shares of the company's stock worth $1,162,000 after buying an additional 76 shares in the last quarter. Hoge Financial Services LLC grew its position in shares of PepsiCo by 2.1% during the first quarter. Hoge Financial Services LLC now owns 3,633 shares of the company's stock worth $545,000 after buying an additional 76 shares in the last quarter. Members Trust Co grew its position in shares of PepsiCo by 1.3% during the first quarter. Members Trust Co now owns 5,941 shares of the company's stock worth $891,000 after buying an additional 77 shares in the last quarter. Finally, Rothschild Investment LLC grew its position in shares of PepsiCo by 0.5% during the first quarter. Rothschild Investment LLC now owns 15,873 shares of the company's stock worth $2,380,000 after buying an additional 78 shares in the last quarter. Institutional investors and hedge funds own 73.07% of the company's stock.

Analyst Ratings Changes

PEP has been the subject of a number of analyst reports. JPMorgan Chase & Co. lowered their price objective on PepsiCo from $150.00 to $139.00 and set a "neutral" rating for the company in a research report on Thursday, July 10th. Royal Bank Of Canada reissued a "sector perform" rating and set a $146.00 target price on shares of PepsiCo in a research report on Wednesday, September 3rd. Citigroup boosted their target price on PepsiCo from $160.00 to $168.00 and gave the stock a "buy" rating in a research note on Friday, July 18th. Deutsche Bank Aktiengesellschaft restated a "buy" rating on shares of PepsiCo in a research note on Thursday, July 17th. Finally, Bank of America decreased their target price on PepsiCo from $150.00 to $145.00 and set a "neutral" rating for the company in a research note on Friday, July 11th. Four analysts have rated the stock with a Buy rating, fourteen have assigned a Hold rating and one has given a Sell rating to the company's stock. Based on data from MarketBeat, PepsiCo presently has an average rating of "Hold" and an average target price of $158.60.

PepsiCo Price Performance

PEP stock opened at $141.71 on Tuesday. The company has a market capitalization of $194.01 billion, a P/E ratio of 25.81, a PEG ratio of 3.70 and a beta of 0.46. PepsiCo, Inc. has a twelve month low of $127.60 and a twelve month high of $179.43. The business has a 50 day simple moving average of $143.19 and a 200-day simple moving average of $140.72. 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 posted its quarterly earnings data on Thursday, July 17th. The company reported $2.12 earnings per share for the quarter, beating the consensus estimate of $2.03 by $0.09. The business had revenue of $22.73 billion during the quarter, compared to the consensus estimate of $22.28 billion. PepsiCo had a return on equity of 57.81% and a net margin of 8.23%.The company's revenue was up 1.0% compared to the same quarter last year. During the same period in the prior year, the company earned $2.28 earnings per share. PepsiCo has set its FY 2025 guidance at 8.038-8.038 EPS. As a group, equities analysts anticipate that PepsiCo, Inc. will post 8.3 EPS for the current year.

PepsiCo Dividend Announcement

The company also recently disclosed 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. This represents a $5.69 annualized dividend and a dividend yield of 4.0%. The ex-dividend date of this dividend is Friday, September 5th. PepsiCo's dividend payout ratio is presently 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.

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