PepsiCo, Inc. $PEP Shares Purchased by StrongBox Wealth LLC

Key Points

• StrongBox Wealth LLC increased its stake in PepsiCo by 12.1% during the 2nd quarter, now holding 19,772 shares worth approximately $2.61 million.
• PepsiCo's latest earnings report showed an EPS of $2.12, exceeding expectations, with revenues reaching $22.73 billion for the quarter.
• The company declared a $1.4225 quarterly dividend, which translates to an annualized yield of 4.1%, though its dividend payout ratio is at a high 103.64%.

StrongBox Wealth LLC raised its stake in PepsiCo, Inc. (NASDAQ:PEP - Free Report) by 12.1% during the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 19,772 shares of the company's stock after purchasing an additional 2,128 shares during the period. StrongBox Wealth LLC's holdings in PepsiCo were worth $2,611,000 as of its most recent SEC filing.

Several other hedge funds also recently added to or reduced their stakes in PEP. Nuveen LLC purchased a new position in PepsiCo in the first quarter valued at approximately $946,978,000. GAMMA Investing LLC grew its position 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 worth $688,017,000 after acquiring an additional 4,564,723 shares during the last quarter. Assenagon Asset Management S.A. grew its position 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 worth $527,034,000 after acquiring an additional 1,809,391 shares during the last quarter. Vanguard Group Inc. grew its position 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 worth $20,268,027,000 after acquiring an additional 1,802,748 shares during the last quarter. Finally, Universal Beteiligungs und Servicegesellschaft mbH purchased a new position in shares of PepsiCo during the fourth quarter worth approximately $221,297,000. 73.07% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on PEP shares. JPMorgan Chase & Co. lowered their target price on shares of PepsiCo from $150.00 to $139.00 and set a "neutral" rating on the stock in a research report on Thursday, July 10th. Deutsche Bank Aktiengesellschaft reiterated a "buy" rating on shares of PepsiCo in a research report on Thursday, July 17th. UBS Group lowered their price objective on shares of PepsiCo from $175.00 to $170.00 and set a "buy" rating on the stock in a research report on Thursday, September 11th. Citigroup lifted their price objective on shares of PepsiCo from $160.00 to $168.00 and gave the company a "buy" rating in a research report on Friday, July 18th. Finally, Royal Bank Of Canada lowered their price objective on shares of PepsiCo from $146.00 to $145.00 and set a "sector perform" rating on the stock in a research report on Monday, September 15th. Four analysts have rated the stock with a Buy rating, fourteen have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, PepsiCo currently has a consensus rating of "Hold" and a consensus price target of $158.60.

PepsiCo Price Performance

PepsiCo stock traded up $1.03 during midday trading on Friday, reaching $141.76. The company's stock had a trading volume of 12,355,480 shares, compared to its average volume of 7,696,786. PepsiCo, Inc. has a fifty-two week low of $127.60 and a fifty-two week high of $177.50. The company has a debt-to-equity ratio of 2.12, a quick ratio of 0.60 and a current ratio of 0.78. The stock's 50 day simple moving average is $144.39 and its 200 day simple moving average is $140.07. The firm has a market capitalization of $194.08 billion, a PE ratio of 25.82, a P/E/G ratio of 3.58 and a beta of 0.46.

PepsiCo (NASDAQ:PEP - Get Free Report) last released its earnings results on Thursday, July 17th. The company reported $2.12 EPS for the quarter, beating analysts' consensus estimates of $2.03 by $0.09. PepsiCo had a return on equity of 57.81% and a net margin of 8.23%.The company had revenue of $22.73 billion during the quarter, compared to the consensus estimate of $22.28 billion. During the same quarter last year, the company earned $2.28 earnings per share. PepsiCo's quarterly revenue was up 1.0% compared to the same quarter last year. PepsiCo has set its FY 2025 guidance at 8.038-8.038 EPS. On average, equities research analysts forecast that PepsiCo, Inc. will post 8.3 earnings per share for the current year.

PepsiCo Dividend Announcement

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. 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 payout ratio is 103.64%.

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.