SCS Capital Management LLC Acquires New Position in PepsiCo, Inc. $PEP

Key Points

• SCS Capital Management LLC has acquired a new position in PepsiCo, purchasing 10,643 shares valued at approximately $1.6 million.
• PepsiCo's stock ratings are mixed, with four analysts rating it as Buy, fourteen as Hold, and one as Sell, with a consensus target price of $158.60.
• The company has announced a quarterly dividend of $1.4225 per share, with a yield of 4.0%, despite a dividend payout ratio of 103.64%.

SCS Capital Management LLC purchased a new position in shares of PepsiCo, Inc. (NASDAQ:PEP - Free Report) during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 10,643 shares of the company's stock, valued at approximately $1,596,000.

Other large investors also recently made changes to their positions in the company. Elite Financial Inc. bought a new stake in shares of PepsiCo during the first quarter worth $28,000. Measured Risk Portfolios Inc. bought a new stake in PepsiCo in the 4th quarter valued at $31,000. Sunbeam Capital Management LLC bought a new stake in shares of PepsiCo during the 4th quarter worth about $47,000. MorganRosel Wealth Management LLC bought a new stake in PepsiCo in the 1st quarter valued at $55,000. Finally, Migdal Insurance & Financial Holdings Ltd. acquired a new stake in PepsiCo in the 1st quarter worth about $58,000. Institutional investors own 73.07% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on PEP shares. Barclays raised their price objective on PepsiCo from $132.00 to $144.00 and gave the stock an "equal weight" rating in a research note on Monday, July 21st. Royal Bank Of Canada reaffirmed a "sector perform" rating and set a $146.00 target price on shares of PepsiCo in a research note on Wednesday, September 3rd. Deutsche Bank Aktiengesellschaft reaffirmed a "buy" rating on shares of PepsiCo in a research note on Thursday, July 17th. Cowen reissued a "hold" rating on shares of PepsiCo in a research note on Thursday, July 17th. Finally, Morgan Stanley lifted their target price on shares of PepsiCo from $153.00 to $165.00 and gave the stock an "equal weight" rating in a research note on Friday, July 18th. Four research analysts have rated the stock with a Buy rating, fourteen have issued a Hold rating and one has assigned a Sell rating to the company's stock. According to data from MarketBeat, the company currently has an average rating of "Hold" and a consensus target price of $158.60.

PepsiCo Price Performance

PEP opened at $142.66 on Thursday. The firm has a market cap of $195.31 billion, a P/E ratio of 25.99, a PEG ratio of 3.62 and a beta of 0.46. The firm has a 50-day moving average of $143.47 and a 200 day moving average of $140.75. 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 fifty-two week low of $127.60 and a fifty-two week high of $179.43.

PepsiCo (NASDAQ:PEP - Get Free Report) last released its earnings results on Thursday, July 17th. The company reported $2.12 earnings per share for the quarter, beating analysts' consensus estimates 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 the consensus estimate of $22.28 billion. During the same period in the prior year, the firm earned $2.28 EPS. The company'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. On average, research analysts expect that PepsiCo, Inc. will post 8.3 EPS for the current year.

PepsiCo Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 30th. Stockholders of record on Friday, September 5th will be given a $1.4225 dividend. This represents a $5.69 dividend on an annualized basis and a dividend yield of 4.0%. The ex-dividend date is Friday, September 5th. PepsiCo's dividend payout ratio (DPR) 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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