PepsiCo, Inc. $PEP Shares Purchased by Tectonic Advisors LLC

Key Points

• Tectonic Advisors LLC increased its position in PepsiCo by 18.8% during the 2nd quarter, owning 59,770 shares valued at approximately $7.89 million as per its latest SEC filing.
• Multiple institutional investors also raised their holdings in PepsiCo, with notable increases like Merit Financial Group LLC's 46.4% lift, bringing their total shares to 114,344, valued at around $15.1 million.
• PepsiCo recently reported a quarterly earnings per share of $2.12, exceeding expectations, alongside announcing a dividend payment of $1.4225 per share, representing an annual yield of 4.1%.

Tectonic Advisors LLC increased its position in shares of PepsiCo, Inc. (NASDAQ:PEP - Free Report) by 18.8% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 59,770 shares of the company's stock after acquiring an additional 9,450 shares during the quarter. Tectonic Advisors LLC's holdings in PepsiCo were worth $7,892,000 as of its most recent filing with the Securities and Exchange Commission.

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

Analysts Set New Price Targets

PEP has been the topic of a number of recent analyst reports. Morgan Stanley upped their target price on shares of PepsiCo from $153.00 to $165.00 and gave the company an "equal weight" rating in a research report on Friday, July 18th. BNP Paribas Exane reduced their price target on shares of PepsiCo from $152.00 to $150.00 and set a "neutral" rating on the stock in a research report on Monday. UBS Group reduced their price target 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. Bank of America reduced their price target on shares of PepsiCo from $150.00 to $145.00 and set a "neutral" rating on the stock in a research report on Friday, July 11th. Finally, Cowen reissued a "hold" rating on shares of PepsiCo in a research report on Thursday, July 17th. Four research analysts have rated the stock with a Buy rating, fifteen have issued a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock has an average rating of "Hold" and a consensus target price of $158.13.

PepsiCo Stock Down 1.4%

Shares of NASDAQ:PEP opened at $138.84 on Thursday. The firm's 50 day moving average price is $144.18 and its 200 day moving average price is $139.30. The stock has a market cap of $190.08 billion, a price-to-earnings ratio of 25.29, a price-to-earnings-growth ratio of 3.55 and a beta of 0.46. PepsiCo, Inc. has a fifty-two week low of $127.60 and a fifty-two week high of $177.50. The company has a quick ratio of 0.60, a current ratio of 0.78 and a debt-to-equity ratio of 2.12.

PepsiCo (NASDAQ:PEP - Get Free Report) last issued its earnings results 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 analysts' expectations of $22.28 billion. PepsiCo had a net margin of 8.23% and a return on equity of 57.81%. The firm's revenue was up 1.0% compared to the same quarter last year. During the same quarter last 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 research analysts predict that PepsiCo, Inc. will post 8.3 earnings per share for the current fiscal year.

PepsiCo Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, September 30th. Shareholders of record on Friday, September 5th were paid a $1.4225 dividend. This represents a $5.69 annualized dividend and a yield of 4.1%. The ex-dividend date was Friday, September 5th. PepsiCo's dividend payout ratio is currently 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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