S.E.E.D. Planning Group LLC Boosts Stake in PepsiCo, Inc. $PEP

Key Points

• S.E.E.D. Planning Group LLC increased its stake in PepsiCo, Inc. by 119.2% during the second quarter, raising its holdings to 23,476 shares valued at approximately $3.1 million.
• PepsiCo reported earnings of $2.12 per share for the last quarter, surpassing analysts' expectations of $2.03, with a revenue of $22.73 billion compared to predictions of $22.28 billion.
• The company announced a quarterly dividend of $1.4225 per share, resulting in an annualized dividend yield of 4.0%.

S.E.E.D. Planning Group LLC lifted its holdings in PepsiCo, Inc. (NASDAQ:PEP - Free Report) by 119.2% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 23,476 shares of the company's stock after buying an additional 12,766 shares during the period. S.E.E.D. Planning Group LLC's holdings in PepsiCo were worth $3,100,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also recently modified their holdings of the business. Gallacher Capital Management LLC lifted its stake in shares of PepsiCo by 1.7% in the second quarter. Gallacher Capital Management LLC now owns 107,357 shares of the company's stock worth $14,175,000 after buying an additional 1,845 shares in the last quarter. Parallel Advisors LLC increased its position in PepsiCo by 2.1% during the second quarter. Parallel Advisors LLC now owns 35,510 shares of the company's stock worth $4,689,000 after purchasing an additional 729 shares during the last quarter. Trust Co. of Oklahoma increased its position in PepsiCo by 0.9% during the second quarter. Trust Co. of Oklahoma now owns 27,487 shares of the company's stock worth $3,629,000 after purchasing an additional 258 shares during the last quarter. Investors Research Corp increased its position in PepsiCo by 207.1% during the second quarter. Investors Research Corp now owns 8,879 shares of the company's stock worth $1,172,000 after purchasing an additional 5,988 shares during the last quarter. Finally, Wealth Alliance Advisory Group LLC increased its position in PepsiCo by 2.3% during the second quarter. Wealth Alliance Advisory Group LLC now owns 12,657 shares of the company's stock worth $1,671,000 after purchasing an additional 282 shares during the last quarter. 73.07% of the stock is owned by hedge funds and other institutional investors.

PepsiCo Trading Down 0.5%

Shares of PEP stock opened at $143.53 on Monday. The company has a debt-to-equity ratio of 2.12, a quick ratio of 0.60 and a current ratio of 0.78. The stock has a market capitalization of $196.50 billion, a P/E ratio of 26.14, a price-to-earnings-growth ratio of 3.63 and a beta of 0.46. The company has a 50 day moving average price of $143.81 and a 200 day moving average price of $140.44. 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 announced its quarterly earnings data 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. The firm had revenue of $22.73 billion during 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 business's quarterly revenue was up 1.0% compared to the same quarter last year. During the same quarter in the previous year, the business posted $2.28 earnings per share. PepsiCo has set its FY 2025 guidance at 8.038-8.038 EPS. Equities research analysts predict that PepsiCo, Inc. will post 8.3 EPS for the current fiscal year.

PepsiCo Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 30th. Investors of record on Friday, September 5th will be issued a $1.4225 dividend. The ex-dividend date is Friday, September 5th. This represents a $5.69 dividend on an annualized basis and a dividend yield of 4.0%. PepsiCo's payout ratio is 103.64%.

Analyst Ratings Changes

PEP has been the subject of several recent analyst reports. Barclays raised their price objective on shares of PepsiCo from $132.00 to $144.00 and gave the stock an "equal weight" rating in a research report on Monday, July 21st. UBS Group cut their price objective on shares of PepsiCo from $175.00 to $170.00 and set a "buy" rating for the company in a research report on Thursday. Royal Bank Of Canada restated a "sector perform" rating and set a $146.00 price objective on shares of PepsiCo in a research report on Wednesday, September 3rd. JPMorgan Chase & Co. cut their price objective on shares of PepsiCo from $150.00 to $139.00 and set a "neutral" rating for the company in a research report on Thursday, July 10th. Finally, Wells Fargo & Company lifted their price target on shares of PepsiCo from $140.00 to $154.00 and gave the company an "equal weight" rating in a research report on Friday, July 18th. Four research analysts have rated the stock with a Buy rating, fourteen have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the company currently has an average rating of "Hold" and an average target price of $158.67.

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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