Strs Ohio Invests $82.04 Million in PepsiCo, Inc. $PEP

Key Points

• Strs Ohio invested approximately $82.04 million in PepsiCo by acquiring 547,153 shares, contributing to a significant institutional ownership of 73.07% in the company.
• PepsiCo reported better-than-expected quarterly earnings with a $2.12 EPS, surpassing the consensus estimate of $2.03.
• The company's latest dividend announcement shows a quarterly payment of $1.4225 per share, reflecting a 4.0% dividend yield with a payout ratio of 103.64%.

Strs Ohio acquired a new position in PepsiCo, Inc. (NASDAQ:PEP - Free Report) in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm acquired 547,153 shares of the company's stock, valued at approximately $82,040,000.

Other large investors have also bought and sold shares of the company. Ellsworth Advisors LLC boosted its stake in PepsiCo by 4.9% during the first quarter. Ellsworth Advisors LLC now owns 13,979 shares of the company's stock worth $2,096,000 after acquiring an additional 655 shares in the last quarter. Intrua Financial LLC raised its stake in shares of PepsiCo by 14.5% in the first quarter. Intrua Financial LLC now owns 10,813 shares of the company's stock worth $1,621,000 after purchasing an additional 1,370 shares during the last quarter. Jacobi Capital Management LLC lifted its stake in PepsiCo by 4.5% during the 1st quarter. Jacobi Capital Management LLC now owns 57,845 shares of the company's stock valued at $8,673,000 after acquiring an additional 2,498 shares during the period. Advisors Capital Management LLC boosted its holdings in PepsiCo by 13.8% in the first quarter. Advisors Capital Management LLC now owns 169,237 shares of the company's stock worth $25,376,000 after purchasing an additional 20,549 shares during the last quarter. Finally, Mattson Financial Services LLC grew its holdings in shares of PepsiCo by 2,792.0% in the first quarter. Mattson Financial Services LLC now owns 6,478 shares of the company's stock worth $971,000 after acquiring an additional 6,254 shares during the period. 73.07% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on PEP shares. Royal Bank Of Canada reiterated a "sector perform" rating and issued a $146.00 price target on shares of PepsiCo in a research report on Wednesday, September 3rd. Morgan Stanley boosted their price target on PepsiCo from $153.00 to $165.00 and gave the company an "equal weight" rating in a report on Friday, July 18th. Citigroup raised their price objective on PepsiCo from $160.00 to $168.00 and gave the stock a "buy" rating in a research note on Friday, July 18th. JPMorgan Chase & Co. reduced their target price on shares of PepsiCo from $150.00 to $139.00 and set a "neutral" rating for the company in a report on Thursday, July 10th. Finally, Bank of America lowered their price target on shares of PepsiCo from $150.00 to $145.00 and set a "neutral" rating on the stock in a report on Friday, July 11th. Four investment analysts have rated the stock with a Buy rating, fourteen have issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the company has an average rating of "Hold" and an average target price of $158.60.

PepsiCo Stock Down 0.3%

Shares of PEP stock opened at $142.66 on Thursday. The company's fifty day simple moving average is $143.47 and its two-hundred day simple moving average is $140.75. PepsiCo, Inc. has a 52 week low of $127.60 and a 52 week high of $179.43. The stock 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 company has a quick ratio of 0.60, a current ratio of 0.78 and a debt-to-equity ratio of 2.12.

PepsiCo (NASDAQ:PEP - Get Free Report) last issued its quarterly earnings data on Thursday, July 17th. The company reported $2.12 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.03 by $0.09. The business had revenue of $22.73 billion for the quarter, compared to analysts' expectations 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 in the prior year, the firm earned $2.28 EPS. PepsiCo has set its FY 2025 guidance at 8.038-8.038 EPS. Analysts predict that PepsiCo, Inc. will post 8.3 EPS for the current fiscal year.

PepsiCo Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 30th. Stockholders of record on Friday, September 5th will be given a dividend of $1.4225 per share. This represents a $5.69 annualized dividend and a dividend yield of 4.0%. The ex-dividend date 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.

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