Pure Financial Advisors LLC Acquires 21,464 Shares of PepsiCo, Inc. $PEP

Key Points

• Pure Financial Advisors LLC significantly increased its shareholding in PepsiCo by 360.9% in the second quarter, acquiring an additional 21,464 shares to reach a total of 27,412 shares worth $3,620,000.
• PepsiCo recently reported an EPS of $2.12, surpassing analyst expectations by $0.09, and generated quarterly revenue of $22.73 billion, slightly above forecasts.
• The company also announced a quarterly dividend of $1.4225 per share, representing an annualized yield of 4.0% despite a high dividend payout ratio of 103.64%.

Pure Financial Advisors LLC increased its holdings in PepsiCo, Inc. (NASDAQ:PEP - Free Report) by 360.9% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 27,412 shares of the company's stock after purchasing an additional 21,464 shares during the quarter. Pure Financial Advisors LLC's holdings in PepsiCo were worth $3,620,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of PEP. Nuveen LLC acquired a new stake in PepsiCo in the first quarter valued at $946,978,000. Kingstone Capital Partners Texas LLC bought a new stake in PepsiCo in the second quarter valued at $460,110,000. Assenagon Asset Management S.A. increased its stake in PepsiCo by 106.1% in 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 purchasing an additional 1,809,391 shares in the last quarter. Vanguard Group Inc. increased its stake in PepsiCo by 1.4% in the first quarter. Vanguard Group Inc. now owns 135,174,252 shares of the company's stock valued at $20,268,027,000 after purchasing an additional 1,802,748 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. grew its holdings in shares of PepsiCo by 5.0% during the first quarter. Charles Schwab Investment Management Inc. now owns 26,475,241 shares of the company's stock valued at $3,969,698,000 after buying an additional 1,258,198 shares during the last quarter. 73.07% of the stock is currently owned by institutional investors and hedge funds.

PepsiCo Price Performance

Shares of PepsiCo stock opened at $143.14 on Thursday. The firm has a market cap of $195.97 billion, a PE ratio of 26.07, a price-to-earnings-growth ratio of 3.54 and a beta of 0.46. PepsiCo, Inc. has a 12-month low of $127.60 and a 12-month 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. The company's fifty day simple moving average is $144.43 and its two-hundred day simple moving average is $139.56.

PepsiCo (NASDAQ:PEP - Get Free Report) last posted its earnings results on Thursday, July 17th. The company reported $2.12 EPS for the quarter, topping the consensus estimate of $2.03 by $0.09. PepsiCo had a net margin of 8.23% and a return on equity of 57.81%. The firm had revenue of $22.73 billion during the quarter, compared to analysts' expectations of $22.28 billion. During the same period last year, the company posted $2.28 EPS. The company'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. As a group, equities analysts expect that PepsiCo, Inc. will post 8.3 EPS for the current year.

PepsiCo Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, September 30th. Stockholders of record on Friday, September 5th were given a $1.4225 dividend. This represents a $5.69 annualized dividend and a dividend yield of 4.0%. The ex-dividend date of this dividend was Friday, September 5th. PepsiCo's dividend payout ratio (DPR) is currently 103.64%.

Analyst Ratings Changes

A number of brokerages have recently issued reports on PEP. Bank of America reduced their price objective on shares of PepsiCo from $150.00 to $145.00 and set a "neutral" rating for the company in a report on Friday, July 11th. 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. Deutsche Bank Aktiengesellschaft restated a "buy" rating on shares of PepsiCo in a research note on Thursday, July 17th. Cowen restated a "hold" rating on shares of PepsiCo in a research note on Thursday, July 17th. Finally, Barclays increased their target price on shares of PepsiCo from $132.00 to $144.00 and gave the stock an "equal weight" rating in a research note on Monday, July 21st. Four investment analysts have rated the stock with a Buy rating, fourteen have given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of "Hold" and an average target price of $158.13.

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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