Stockman Wealth Management Inc. Buys 7,167 Shares of PepsiCo, Inc. $PEP

Key Points

• Stockman Wealth Management Inc. increased its holdings in PepsiCo by 8.9%, acquiring an additional 7,167 shares during the second quarter, bringing its total to 87,298 shares valued at approximately $11.5 million.
• PepsiCo recently declared a quarterly dividend of $1.4225 per share, with a dividend yield of 4.1% and a payout ratio of 103.64%.
• Analysts have mixed opinions on PepsiCo, with four giving it a "Buy" rating, 14 a "Hold," and one a "Sell," while the average target price sits at $158.13.

Stockman Wealth Management Inc. grew its holdings in shares of PepsiCo, Inc. (NASDAQ:PEP - Free Report) by 8.9% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 87,298 shares of the company's stock after buying an additional 7,167 shares during the quarter. PepsiCo makes up 1.6% of Stockman Wealth Management Inc.'s portfolio, making the stock its 24th largest position. Stockman Wealth Management Inc.'s holdings in PepsiCo were worth $11,527,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in PEP. Brighton Jones LLC increased its stake in shares of PepsiCo by 12.4% during the 4th quarter. Brighton Jones LLC now owns 59,392 shares of the company's stock worth $9,031,000 after purchasing an additional 6,574 shares during the last quarter. Rothschild Investment LLC increased its stake in shares of PepsiCo by 0.5% during the 1st quarter. Rothschild Investment LLC now owns 15,873 shares of the company's stock worth $2,380,000 after purchasing an additional 78 shares during the last quarter. BTC Capital Management Inc. increased its stake in shares of PepsiCo by 5.0% during the 1st quarter. BTC Capital Management Inc. now owns 53,989 shares of the company's stock worth $8,096,000 after purchasing an additional 2,587 shares during the last quarter. Somerset Trust Co increased its stake in shares of PepsiCo by 5.6% during the 1st quarter. Somerset Trust Co now owns 21,085 shares of the company's stock worth $3,161,000 after purchasing an additional 1,116 shares during the last quarter. Finally, Winthrop Advisory Group LLC increased its stake in shares of PepsiCo by 3.4% during the 1st quarter. Winthrop Advisory Group LLC now owns 6,117 shares of the company's stock worth $917,000 after purchasing an additional 200 shares during the last quarter. 73.07% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on PEP. JPMorgan Chase & Co. lowered their price objective on shares of PepsiCo from $150.00 to $139.00 and set a "neutral" rating on the stock in a research note on Thursday, July 10th. Morgan Stanley upped their price target on shares of PepsiCo from $153.00 to $165.00 and gave the company an "equal weight" rating in a research note on Friday, July 18th. Cowen reiterated a "hold" rating on shares of PepsiCo in a research note on Thursday, July 17th. Deutsche Bank Aktiengesellschaft reiterated a "buy" rating on shares of PepsiCo in a research note on Thursday, July 17th. Finally, Wells Fargo & Company decreased their price target on shares of PepsiCo from $154.00 to $150.00 and set an "equal weight" rating on the stock in a research note on Thursday. Four equities research analysts have rated the stock with a Buy rating, fourteen have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the stock currently has an average rating of "Hold" and an average target price of $158.13.

PepsiCo Stock Performance

Shares of NASDAQ:PEP opened at $140.44 on Friday. The company's 50 day moving average price is $144.63 and its two-hundred day moving average price is $139.65. PepsiCo, Inc. has a 12-month low of $127.60 and a 12-month high of $177.50. The company has a quick ratio of 0.60, a current ratio of 0.78 and a debt-to-equity ratio of 2.12. The firm has a market cap of $192.27 billion, a PE ratio of 25.58, a PEG 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 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 company had revenue of $22.73 billion during the quarter, compared to the consensus estimate of $22.28 billion. During the same quarter in the prior year, the firm posted $2.28 EPS. The firm's quarterly revenue was up 1.0% on a year-over-year basis. PepsiCo has set its FY 2025 guidance at 8.038-8.038 EPS. Equities research analysts predict that PepsiCo, Inc. will post 8.3 earnings per share for the current year.

PepsiCo Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, September 30th. Stockholders 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 dividend yield of 4.1%. The ex-dividend date of this dividend is Friday, September 5th. PepsiCo's dividend payout ratio 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.