TCV Trust & Wealth Management Inc. Boosts Position in PepsiCo, Inc. $PEP

Key Points

• TCV Trust & Wealth Management Inc. increased its holdings in PepsiCo, Inc. by 3.5% during the 2nd quarter, bringing its total investment to $11.44 million with approximately 86,652 shares.
• Wall Street analysts have varied opinions on PepsiCo, with Citigroup raising their price target to $168.00 while JPMorgan Chase and Bank of America reduced theirs to $139.00 and $145.00, respectively.
• PepsiCo recently announced a quarterly dividend of $1.4225, representing a 4.0% yield, with a payout ratio of 103.64%.

TCV Trust & Wealth Management Inc. grew its holdings in PepsiCo, Inc. (NASDAQ:PEP - Free Report) by 3.5% in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 86,652 shares of the company's stock after acquiring an additional 2,946 shares during the quarter. TCV Trust & Wealth Management Inc.'s holdings in PepsiCo were worth $11,442,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also bought and sold shares of PEP. Nova Wealth Management Inc. bought a new position in shares of PepsiCo in the first quarter worth about $25,000. Elite Financial Inc. acquired a new position in shares of PepsiCo in the first quarter valued at approximately $28,000. Sunbeam Capital Management LLC acquired a new position in shares of PepsiCo in the fourth quarter valued at approximately $47,000. MorganRosel Wealth Management LLC acquired a new position in shares of PepsiCo in the first quarter valued at approximately $55,000. Finally, Migdal Insurance & Financial Holdings Ltd. acquired a new position in shares of PepsiCo in the first quarter valued at approximately $58,000. Institutional investors own 73.07% of the company's stock.

Analyst Ratings Changes

Several research analysts have recently issued reports on PEP shares. Barclays upped their price objective on PepsiCo from $132.00 to $144.00 and gave the company an "equal weight" rating in a research note on Monday, July 21st. Wells Fargo & Company increased their target price on shares of PepsiCo from $140.00 to $154.00 and gave the company an "equal weight" rating in a research report on Friday, July 18th. Citigroup increased their target price on shares of PepsiCo from $160.00 to $168.00 and gave the company a "buy" rating in a research report on Friday, July 18th. UBS Group decreased their target price on shares of PepsiCo from $175.00 to $170.00 and set a "buy" rating for the company in a research report on Thursday, September 11th. Finally, Royal Bank Of Canada decreased their target price on shares of PepsiCo from $146.00 to $145.00 and set a "sector perform" rating for the company in a research report on Monday, September 15th. Four investment analysts have rated the stock with a Buy rating, fourteen have given a Hold rating and one has assigned a Sell rating to the company's stock. According to data from MarketBeat.com, the stock has an average rating of "Hold" and a consensus target price of $158.60.

PepsiCo Trading Up 0.7%

Shares of PEP stock traded up $1.03 during trading hours on Friday, hitting $141.76. 12,355,480 shares of the company were exchanged, compared to its average volume of 7,696,786. The firm has a market cap of $194.08 billion, a P/E ratio of 25.82, a P/E/G ratio of 3.58 and a beta of 0.46. PepsiCo, Inc. has a fifty-two week low of $127.60 and a fifty-two week high of $177.50. 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 50 day simple moving average of $144.39 and a two-hundred day simple moving average of $140.07.

PepsiCo (NASDAQ:PEP - Get Free Report) last announced its quarterly earnings data on Thursday, July 17th. The company reported $2.12 EPS for the quarter, topping 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 company had revenue of $22.73 billion during the quarter, compared to the consensus estimate of $22.28 billion. During the same quarter last year, the firm posted $2.28 EPS. The company'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 analysts anticipate that PepsiCo, Inc. will post 8.3 EPS for the current year.

PepsiCo Announces Dividend

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. The ex-dividend date of this dividend is Friday, September 5th. This represents a $5.69 annualized dividend and a dividend yield of 4.0%. PepsiCo's dividend payout ratio (DPR) is currently 103.64%.

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.