PepsiCo, Inc. $PEP Shares Purchased by McKinley Carter Wealth Services Inc.

Key Points

• McKinley Carter Wealth Services Inc. increased its stake in PepsiCo by 4.6% during Q2, now holding 42,297 shares valued at approximately $5.6 million.
• PepsiCo's recent quarterly earnings surpassed expectations, reporting $2.29 EPS against a consensus estimate of $2.26, with revenue rising 2.7% year-over-year to $23.94 billion.
• The company has a dividend yield of 3.9% with an annualized dividend of $5.69, although its payout ratio currently exceeds 100% at 103.64%.

McKinley Carter Wealth Services Inc. boosted its holdings in PepsiCo, Inc. (NASDAQ:PEP - Free Report) by 4.6% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 42,297 shares of the company's stock after buying an additional 1,853 shares during the quarter. McKinley Carter Wealth Services Inc.'s holdings in PepsiCo were worth $5,585,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in PEP. Claris Advisors LLC MO grew its position in PepsiCo by 14.1% during the 2nd quarter. Claris Advisors LLC MO now owns 2,490 shares of the company's stock worth $329,000 after purchasing an additional 308 shares in the last quarter. Foster Group Inc. grew its position in PepsiCo by 4.6% during the 2nd quarter. Foster Group Inc. now owns 5,169 shares of the company's stock worth $683,000 after purchasing an additional 229 shares in the last quarter. Asset Management One Co. Ltd. grew its position in PepsiCo by 3.6% during the 1st quarter. Asset Management One Co. Ltd. now owns 630,906 shares of the company's stock worth $94,598,000 after purchasing an additional 21,859 shares in the last quarter. Ignite Planners LLC grew its position in PepsiCo by 4.2% during the 1st quarter. Ignite Planners LLC now owns 3,773 shares of the company's stock worth $566,000 after purchasing an additional 151 shares in the last quarter. Finally, Merit Financial Group LLC grew its position in PepsiCo by 46.4% during the 2nd quarter. Merit Financial Group LLC now owns 114,344 shares of the company's stock worth $15,098,000 after purchasing an additional 36,239 shares in the last quarter. Institutional investors and hedge funds own 73.07% of the company's stock.

PepsiCo Stock Performance

Shares of PEP opened at $144.71 on Friday. The company has a market capitalization of $198.12 billion, a PE ratio of 26.36, a price-to-earnings-growth ratio of 3.50 and a beta of 0.46. PepsiCo, Inc. has a one year low of $127.60 and a one year high of $177.50. 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's fifty day moving average price is $144.32 and its 200 day moving average price is $139.29.

PepsiCo (NASDAQ:PEP - Get Free Report) last posted its quarterly earnings data on Thursday, October 9th. The company reported $2.29 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.26 by $0.03. PepsiCo had a net margin of 8.23% and a return on equity of 57.81%. The company had revenue of $23.94 billion for the quarter, compared to the consensus estimate of $23.91 billion. During the same quarter in the previous year, the firm posted $2.31 EPS. The business's revenue was up 2.7% compared to the same quarter last year. PepsiCo has set its FY 2025 guidance at 8.120-8.120 EPS. As a group, analysts expect that PepsiCo, Inc. will post 8.3 earnings per share for the current year.

PepsiCo Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 30th. Stockholders of record on Friday, September 5th were issued a dividend of $1.4225 per share. The ex-dividend date was Friday, September 5th. This represents a $5.69 annualized dividend and a dividend yield of 3.9%. PepsiCo's payout ratio is presently 103.64%.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on PEP shares. Citigroup lowered their price objective on shares of PepsiCo from $168.00 to $165.00 and set a "buy" rating on the stock in a research report on Thursday, September 25th. JPMorgan Chase & Co. decreased their target price on shares of PepsiCo from $157.00 to $151.00 and set a "neutral" rating for the company in a research note on Monday. Morgan Stanley lifted their target price on shares of PepsiCo from $153.00 to $165.00 and gave the company an "equal weight" rating in a research note on Friday, July 18th. Bank of America decreased their target price on shares of PepsiCo from $150.00 to $145.00 and set a "neutral" rating for the company in a research note on Friday, July 11th. Finally, Cowen reissued a "hold" rating on shares of PepsiCo in a research note on Thursday, July 17th. Four investment analysts have rated the stock with a Buy rating, fourteen have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus price target of $158.13.

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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