Raleigh Capital Management Inc. Acquires 1,813 Shares of PepsiCo, Inc. $PEP

Key Points

• Raleigh Capital Management Inc. increased its holdings in PepsiCo by 18.0%, adding 1,813 shares in the second quarter, raising their total to 11,891 shares valued at approximately $1.57 million.
• PepsiCo recently declared a quarterly dividend of $1.4225 per share, representing an annualized dividend of $5.69, with a yield of 4.1%, despite having a payout ratio of 103.64%.
• PepsiCo's stock opened at $140.17, with a market cap of $191.90 billion and a recent quarterly revenue of $22.73 billion, exceeding analyst expectations.

Raleigh Capital Management Inc. boosted its holdings in shares of PepsiCo, Inc. (NASDAQ:PEP - Free Report) by 18.0% in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The firm owned 11,891 shares of the company's stock after buying an additional 1,813 shares during the period. Raleigh Capital Management Inc.'s holdings in PepsiCo were worth $1,570,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in PEP. Nuveen LLC bought a new stake in PepsiCo during the first quarter valued at $946,978,000. Kingstone Capital Partners Texas LLC bought a new stake in PepsiCo during the second quarter valued at $460,110,000. Assenagon Asset Management S.A. boosted its stake in PepsiCo by 106.1% during 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 buying an additional 1,809,391 shares during the period. Vanguard Group Inc. boosted its stake in PepsiCo by 1.4% during the first quarter. Vanguard Group Inc. now owns 135,174,252 shares of the company's stock valued at $20,268,027,000 after buying an additional 1,802,748 shares during the period. Finally, Charles Schwab Investment Management Inc. boosted its stake in 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 period. Institutional investors own 73.07% of the company's stock.

PepsiCo Stock Down 0.2%

Shares of NASDAQ:PEP opened at $140.17 on Tuesday. PepsiCo, Inc. has a 1 year low of $127.60 and a 1 year high of $177.50. The company has a market cap of $191.90 billion, a PE ratio of 25.53, a P/E/G ratio of 3.54 and a beta of 0.46. 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 stock's 50-day moving average is $144.60 and its 200 day moving average is $139.53.

PepsiCo (NASDAQ:PEP - Get Free Report) last announced its quarterly earnings results on Thursday, July 17th. The company reported $2.12 earnings per share (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 for the quarter, compared to the consensus estimate of $22.28 billion. During the same quarter in the previous year, the business earned $2.28 EPS. PepsiCo's 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. Sell-side analysts anticipate that PepsiCo, Inc. will post 8.3 EPS for the current year.

PepsiCo Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, September 30th. Investors of record on Friday, September 5th will be issued a dividend of $1.4225 per share. This represents a $5.69 dividend on an annualized basis and a yield of 4.1%. The ex-dividend date is Friday, September 5th. PepsiCo's payout ratio is currently 103.64%.

Analyst Ratings Changes

A number of equities research analysts have weighed in on the company. Bank of America lowered their price target on PepsiCo from $150.00 to $145.00 and set a "neutral" rating on the stock in a research report on Friday, July 11th. Barclays raised their price target on PepsiCo from $132.00 to $144.00 and gave the company an "equal weight" rating in a research report on Monday, July 21st. Citigroup lowered their price target on PepsiCo from $168.00 to $165.00 and set a "buy" rating on the stock in a research report on Thursday, September 25th. Royal Bank Of Canada lowered their price target on PepsiCo from $146.00 to $145.00 and set a "sector perform" rating on the stock in a research report on Monday, September 15th. Finally, Wells Fargo & Company lowered their price target on PepsiCo from $154.00 to $150.00 and set an "equal weight" rating on the stock in a research report on Thursday, September 25th. 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's stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus target price of $158.13.

PepsiCo 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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