Plimoth Trust Co. LLC Increases Holdings in PepsiCo, Inc. $PEP

Key Points

• Plimoth Trust Co. LLC has increased its stake in PepsiCo, Inc. by 10.9%, now owning a total of 20,414 shares worth approximately $2.7 million.
• Several hedge funds, including Nova Wealth Management and Elite Financial, have recently made new investments in PepsiCo, indicating growing institutional interest in the company.
• PepsiCo's latest earnings report showed an EPS of $2.12, surpassing estimates, and the company announced a quarterly dividend of $1.4225, reflecting a 4.0% yield.

Plimoth Trust Co. LLC increased its stake in PepsiCo, Inc. (NASDAQ:PEP - Free Report) by 10.9% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 20,414 shares of the company's stock after acquiring an additional 2,003 shares during the period. Plimoth Trust Co. LLC's holdings in PepsiCo were worth $2,695,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. Nova Wealth Management Inc. bought a new position in PepsiCo during the first quarter valued at $25,000. Elite Financial Inc. bought a new position in PepsiCo during the 1st quarter valued at about $28,000. Legend Financial Advisors Inc. bought a new position in PepsiCo during the 2nd quarter valued at about $29,000. Investment Research & Advisory Group Inc. lifted its stake in PepsiCo by 263.6% in the second quarter. Investment Research & Advisory Group Inc. now owns 320 shares of the company's stock worth $42,000 after purchasing an additional 232 shares during the last quarter. Finally, MorganRosel Wealth Management LLC purchased a new position in shares of PepsiCo during the first quarter valued at approximately $55,000. 73.07% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on the company. Morgan Stanley increased their price target on PepsiCo from $153.00 to $165.00 and gave the stock an "equal weight" rating in a report on Friday, July 18th. Deutsche Bank Aktiengesellschaft reiterated a "buy" rating on shares of PepsiCo in a research report on Thursday, July 17th. Barclays restated a "cautious" rating on shares of PepsiCo in a report on Friday. Royal Bank Of Canada decreased their price objective on shares of PepsiCo from $146.00 to $145.00 and set a "sector perform" rating for the company in a report on Monday, September 15th. Finally, Citigroup dropped their target price on shares of PepsiCo from $168.00 to $165.00 and set a "buy" rating on the stock in a research note on Thursday, September 25th. Four equities research analysts have rated the stock with a Buy rating, fourteen have assigned a Hold rating and two have given a Sell rating to the company's stock. According to MarketBeat.com, PepsiCo presently has a consensus rating of "Hold" and a consensus price target of $157.87.

PepsiCo Price Performance

NASDAQ PEP opened at $141.98 on Monday. The company has a market cap of $194.38 billion, a PE ratio of 25.86, a P/E/G ratio of 3.58 and a beta of 0.46. The firm's 50 day moving average price is $144.36 and its 200-day moving average price is $139.34. The company has a debt-to-equity ratio of 2.12, a quick ratio of 0.60 and a current ratio of 0.78. PepsiCo, Inc. has a 52-week low of $127.60 and a 52-week high of $177.50.

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

PepsiCo Dividend Announcement

The business also recently announced 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 4.0%. The ex-dividend date was 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.

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