Southeast Asset Advisors LLC Has $783,000 Stock Holdings in PepsiCo, Inc. $PEP

Key Points

• Southeast Asset Advisors LLC increased its holdings in PepsiCo by 93.6%, acquiring an additional 2,526 shares to reach a total of 5,225 shares, valued at approximately $783,000.
• PepsiCo reported earnings of $2.12 per share, surpassing analysts' expectations, and posted quarterly revenue of $22.73 billion, indicating a 1.0% increase from the previous year.
• The company announced a quarterly dividend of $1.4225 per share, with a dividend yield of 3.8%, despite a high dividend payout ratio of 103.64%.

Southeast Asset Advisors LLC boosted its holdings in shares of PepsiCo, Inc. (NASDAQ:PEP - Free Report) by 93.6% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 5,225 shares of the company's stock after purchasing an additional 2,526 shares during the period. Southeast Asset Advisors LLC's holdings in PepsiCo were worth $783,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. Elite Financial Inc. purchased a new stake in shares of PepsiCo during the first quarter valued at $28,000. Measured Risk Portfolios Inc. purchased a new stake in shares of PepsiCo in the fourth quarter worth approximately $31,000. Sunbeam Capital Management LLC purchased a new position in PepsiCo during the fourth quarter valued at approximately $47,000. MorganRosel Wealth Management LLC purchased a new stake in PepsiCo in the 1st quarter worth approximately $55,000. Finally, Migdal Insurance & Financial Holdings Ltd. acquired a new stake in shares of PepsiCo during the 1st quarter valued at $58,000. Institutional investors and hedge funds own 73.07% of the company's stock.

Analysts Set New Price Targets

Several brokerages recently issued reports on PEP. Royal Bank Of Canada reiterated a "sector perform" rating and set a $148.00 price objective on shares of PepsiCo in a report on Tuesday, June 24th. Morgan Stanley boosted their price target on PepsiCo from $153.00 to $165.00 and gave the stock an "equal weight" rating in a research report on Friday, July 18th. Wells Fargo & Company increased their price objective on PepsiCo from $140.00 to $154.00 and gave the company an "equal weight" rating in a report on Friday, July 18th. Cowen reaffirmed a "hold" rating on shares of PepsiCo in a research report on Thursday, July 17th. Finally, Deutsche Bank Aktiengesellschaft reiterated a "buy" rating on shares of PepsiCo in a report on Thursday, July 17th. Four analysts have rated the stock with a Buy rating, fourteen have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, PepsiCo has an average rating of "Hold" and a consensus price target of $158.73.

PepsiCo Stock Performance

Shares of PepsiCo stock traded down $1.20 during midday trading on Tuesday, hitting $147.00. The company had a trading volume of 11,207,315 shares, compared to its average volume of 7,658,064. PepsiCo, Inc. has a 1-year low of $127.60 and a 1-year high of $179.73. The business's 50 day simple moving average is $140.01 and its two-hundred day simple moving average is $140.66. The stock has a market cap of $201.25 billion, a PE ratio of 26.78, a P/E/G ratio of 3.95 and a beta of 0.45. The company has a debt-to-equity ratio of 2.12, a current ratio of 0.78 and a quick ratio of 0.60.

PepsiCo (NASDAQ:PEP - Get Free Report) last issued its quarterly earnings results on Thursday, July 17th. The company reported $2.12 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.03 by $0.09. PepsiCo had a return on equity of 57.81% and a net margin of 8.23%.The firm had revenue of $22.73 billion for the quarter, compared to analyst estimates of $22.28 billion. During the same period in the previous year, the company posted $2.28 earnings per share. 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 predict that PepsiCo, Inc. will post 8.3 EPS for the current fiscal year.

PepsiCo Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 30th. Investors of record on Friday, September 5th will be given a $1.4225 dividend. This represents a $5.69 annualized dividend and a yield of 3.9%. The ex-dividend date of this dividend is Friday, September 5th. 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.