Smith Chas P & Associates PA Cpas Raises Stock Holdings in PepsiCo, Inc. $PEP

Key Points

• Smith Chas P & Associates PA Cpas increased its stake in PepsiCo by 5.0%, owning 253,509 shares valued at $33,473,000, making it the fund's 24th largest position.
• PepsiCo's recent quarterly earnings report exceeded expectations with earnings per share of $2.12 and revenues of $22.73 billion, contributing to a year-over-year revenue increase of 1.0%.
• The company announced a quarterly dividend of $1.4225 per share, representing an annualized yield of 4.1% with a payout ratio of 103.64%.

Smith Chas P & Associates PA Cpas raised its position in shares of PepsiCo, Inc. (NASDAQ:PEP - Free Report) by 5.0% during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 253,509 shares of the company's stock after purchasing an additional 12,010 shares during the quarter. PepsiCo accounts for 1.9% of Smith Chas P & Associates PA Cpas' portfolio, making the stock its 24th largest position. Smith Chas P & Associates PA Cpas' holdings in PepsiCo were worth $33,473,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of PEP. Nova Wealth Management Inc. acquired a new position in PepsiCo in the first quarter valued at approximately $25,000. Elite Financial Inc. acquired a new position in shares of PepsiCo during the 1st quarter worth about $28,000. Legend Financial Advisors Inc. acquired a new stake in shares of PepsiCo in the second quarter worth approximately $29,000. Investment Research & Advisory Group Inc. raised its position in shares of PepsiCo by 263.6% in the second quarter. Investment Research & Advisory Group Inc. now owns 320 shares of the company's stock valued at $42,000 after buying an additional 232 shares during the last quarter. Finally, MorganRosel Wealth Management LLC acquired a new stake in PepsiCo in the 1st quarter valued at about $55,000. Hedge funds and other institutional investors own 73.07% of the company's stock.

Wall Street Analyst Weigh In

Several research firms have recently commented on PEP. Citigroup reduced their price target on PepsiCo from $168.00 to $165.00 and set a "buy" rating on the stock in a report on Thursday. JPMorgan Chase & Co. cut their price objective on PepsiCo from $150.00 to $139.00 and set a "neutral" rating on the stock in a report on Thursday, July 10th. Bank of America decreased their price target on shares of PepsiCo from $150.00 to $145.00 and set a "neutral" rating for the company in a research report on Friday, July 11th. Deutsche Bank Aktiengesellschaft reaffirmed a "buy" rating on shares of PepsiCo in a report on Thursday, July 17th. Finally, Barclays upped their price objective on PepsiCo from $132.00 to $144.00 and gave the stock an "equal weight" rating in a research report on Monday, July 21st. Four analysts have rated the stock with a Buy rating, fourteen have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, PepsiCo has an average rating of "Hold" and an average price target of $158.13.

PepsiCo Price Performance

Shares of PEP opened at $140.44 on Monday. PepsiCo, Inc. has a fifty-two week low of $127.60 and a fifty-two week high of $177.50. The firm has a 50-day simple moving average of $144.63 and a 200-day simple moving average of $139.59. 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 company has a market capitalization of $192.27 billion, a price-to-earnings ratio of 25.58, a price-to-earnings-growth ratio of 3.54 and a beta of 0.46.

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

PepsiCo Announces Dividend

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

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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