PepsiCo, Inc. $PEP Shares Purchased by Foster Victor Wealth Advisors LLC

Key Points

• Foster Victor Wealth Advisors LLC increased its holdings in PepsiCo by 17.9% in Q2, owning 93,666 shares valued at approximately $12.6 million.
• PepsiCo reported earnings of $2.12 per share, surpassing estimates, with quarterly revenue rising to $22.73 billion.
• The company declared a quarterly dividend of $1.4225 per share, resulting in an annualized yield of 4.0%, alongside a dividend payout ratio of 103.64%.

Foster Victor Wealth Advisors LLC grew its holdings in shares of PepsiCo, Inc. (NASDAQ:PEP - Free Report) by 17.9% in the second quarter, according to its most recent filing with the SEC. The firm owned 93,666 shares of the company's stock after acquiring an additional 14,188 shares during the quarter. Foster Victor Wealth Advisors LLC's holdings in PepsiCo were worth $12,596,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Nuveen LLC acquired a new position in PepsiCo during the 1st quarter valued at about $946,978,000. GAMMA Investing LLC increased its position in shares of PepsiCo by 19,106.5% during the 1st 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 during the period. Kingstone Capital Partners Texas LLC acquired a new stake in shares of PepsiCo in the second quarter valued at $460,110,000. Assenagon Asset Management S.A. boosted its stake in 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 buying an additional 1,809,391 shares in the last quarter. Finally, Vanguard Group Inc. raised its position in PepsiCo by 1.4% in the first quarter. Vanguard Group Inc. now owns 135,174,252 shares of the company's stock worth $20,268,027,000 after acquiring an additional 1,802,748 shares in the last quarter. 73.07% of the stock is currently owned by institutional investors.

PepsiCo Price Performance

Shares of PEP opened at $141.90 on Wednesday. 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 market capitalization of $194.27 billion, a price-to-earnings ratio of 25.85, a P/E/G ratio of 3.56 and a beta of 0.46. The business's 50-day moving average is $144.66 and its 200-day moving average is $139.89. PepsiCo, Inc. has a fifty-two week low of $127.60 and a fifty-two week high of $177.50.

PepsiCo (NASDAQ:PEP - Get Free Report) last released 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 firm had revenue of $22.73 billion for the quarter, compared to analyst estimates of $22.28 billion. PepsiCo had a net margin of 8.23% and a return on equity of 57.81%. The company's revenue for the quarter was up 1.0% compared to the same quarter last year. During the same quarter in the prior year, the business earned $2.28 EPS. PepsiCo has set its FY 2025 guidance at 8.038-8.038 EPS. Equities research analysts expect that PepsiCo, Inc. will post 8.3 EPS for the current fiscal year.

PepsiCo Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, September 30th. Stockholders of record on Friday, September 5th will be paid a dividend of $1.4225 per share. The ex-dividend date of this dividend is Friday, September 5th. This represents a $5.69 dividend on an annualized basis and a dividend yield of 4.0%. PepsiCo's dividend payout ratio (DPR) is 103.64%.

Analyst Ratings Changes

A number of analysts recently commented on the stock. Cowen reiterated a "hold" rating on shares of PepsiCo in a report on Thursday, July 17th. Barclays upped their price target on PepsiCo from $132.00 to $144.00 and gave the company an "equal weight" rating in a report on Monday, July 21st. Citigroup lifted their target price on PepsiCo from $160.00 to $168.00 and gave the stock a "buy" rating in a report on Friday, July 18th. Bank of America reduced their target price on PepsiCo from $150.00 to $145.00 and set a "neutral" rating for the company in a report on Friday, July 11th. Finally, Deutsche Bank Aktiengesellschaft reissued a "buy" rating on shares of PepsiCo in a research note on Thursday, July 17th. Four equities research 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. According to MarketBeat, the stock presently has an average rating of "Hold" and an average target price 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.

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