Talbot Financial LLC Boosts Holdings in PepsiCo, Inc. $PEP

Key Points

• Talbot Financial LLC increased its shareholding in PepsiCo, Inc. by 33.2% in Q2, owning 74,760 shares valued at nearly $9.87 million after acquiring an additional 18,627 shares.
• PepsiCo reported earnings of $2.12 per share for the last quarter, surpassing expectations, with total revenue reaching $22.73 billion, which is a 1.0% increase from the previous year.
• The company recently declared a quarterly dividend of $1.4225 per share, yielding approximately 4.0%, despite a payout ratio of over 100%.

Talbot Financial LLC grew its stake in shares of PepsiCo, Inc. (NASDAQ:PEP - Free Report) by 33.2% during the 2nd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 74,760 shares of the company's stock after purchasing an additional 18,627 shares during the period. Talbot Financial LLC's holdings in PepsiCo were worth $9,871,000 at the end of the most recent reporting period.

Several other institutional investors also recently made changes to their positions in PEP. Nova Wealth Management Inc. purchased a new stake in shares of PepsiCo during the 1st quarter worth $25,000. Elite Financial Inc. purchased a new stake in shares of PepsiCo during the 1st quarter worth $28,000. Legend Financial Advisors Inc. purchased a new stake in shares of PepsiCo during the 2nd quarter worth $29,000. Investment Research & Advisory Group Inc. boosted its position in shares of PepsiCo by 263.6% during the 2nd quarter. Investment Research & Advisory Group Inc. now owns 320 shares of the company's stock worth $42,000 after purchasing an additional 232 shares in the last quarter. Finally, MorganRosel Wealth Management LLC purchased a new stake in shares of PepsiCo during the 1st quarter worth $55,000. 73.07% of the stock is currently owned by hedge funds and other institutional investors.

PepsiCo Trading Down 0.2%

Shares of PEP stock opened at $141.98 on Friday. The firm has a 50-day moving average price of $144.36 and a 200 day moving average price of $139.39. PepsiCo, Inc. has a twelve month low of $127.60 and a twelve month high of $177.50. The company has a market capitalization of $194.38 billion, a price-to-earnings ratio of 25.86, a PEG ratio of 3.58 and a beta of 0.46. The company has a current ratio of 0.78, a quick ratio of 0.60 and a debt-to-equity ratio of 2.12.

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

PepsiCo Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 30th. Stockholders of record on Friday, September 5th were paid a dividend of $1.4225 per share. The ex-dividend date of this dividend was Friday, September 5th. This represents a $5.69 dividend on an annualized basis and a dividend yield of 4.0%. PepsiCo's dividend payout ratio is currently 103.64%.

Wall Street Analysts Forecast Growth

Several research firms have recently issued reports on PEP. Morgan Stanley lifted their price target on PepsiCo from $153.00 to $165.00 and gave the stock an "equal weight" rating in a research note on Friday, July 18th. Barclays reaffirmed a "cautious" rating on shares of PepsiCo in a research note on Friday. Cowen reaffirmed a "hold" rating on shares of PepsiCo in a research note on Thursday, July 17th. Citigroup cut their price target on PepsiCo from $168.00 to $165.00 and set a "buy" rating for the company in a research note on Thursday, September 25th. Finally, Deutsche Bank Aktiengesellschaft reaffirmed a "buy" rating on shares of PepsiCo in a research note on Thursday, July 17th. Four research analysts have rated the stock with a Buy rating, fourteen have assigned a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat, PepsiCo has an average rating of "Hold" and a consensus target price of $157.87.

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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