Teamwork Financial Advisors LLC Has $1.70 Million Stock Position in PepsiCo, Inc. $PEP

Key Points

• Teamwork Financial Advisors LLC increased its holdings in PepsiCo by 35% during the 2nd quarter, owning a total of 12,861 shares valued at approximately $1.70 million.
• PepsiCo reported quarterly earnings of $2.12 EPS, exceeding expectations, along with a revenue of $22.73 billion compared to a forecast of $22.28 billion.
• The company declared a quarterly dividend of $1.4225 per share, with an annualized dividend yield of 4.0%, signaling a consistent return to its investors.

Teamwork Financial Advisors LLC boosted its position in shares of PepsiCo, Inc. (NASDAQ:PEP - Free Report) by 35.0% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 12,861 shares of the company's stock after purchasing an additional 3,333 shares during the quarter. Teamwork Financial Advisors LLC's holdings in PepsiCo were worth $1,698,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently modified their holdings of the business. Brighton Jones LLC boosted its stake in PepsiCo by 12.4% in the fourth quarter. Brighton Jones LLC now owns 59,392 shares of the company's stock valued at $9,031,000 after acquiring an additional 6,574 shares during the last quarter. Bank Pictet & Cie Europe AG lifted its stake in shares of PepsiCo by 2.5% in the 4th quarter. Bank Pictet & Cie Europe AG now owns 470,387 shares of the company's stock valued at $71,527,000 after purchasing an additional 11,538 shares during the period. Raiffeisen Bank International AG bought a new position in shares of PepsiCo in the 4th quarter worth $2,234,000. Sherbrooke Park Advisers LLC grew its stake in shares of PepsiCo by 21.1% during the fourth quarter. Sherbrooke Park Advisers LLC now owns 4,965 shares of the company's stock worth $755,000 after purchasing an additional 866 shares during the period. Finally, Studio Investment Management LLC increased its holdings in PepsiCo by 2.2% in the fourth quarter. Studio Investment Management LLC now owns 16,730 shares of the company's stock valued at $2,566,000 after purchasing an additional 358 shares during the last quarter. Institutional investors own 73.07% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on the company. Morgan Stanley raised their target price on PepsiCo from $153.00 to $165.00 and gave the stock an "equal weight" rating in a report on Friday, July 18th. JPMorgan Chase & Co. reduced 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. Citigroup upped their target price on shares of PepsiCo from $160.00 to $168.00 and gave the company a "buy" rating in a research note on Friday, July 18th. Deutsche Bank Aktiengesellschaft reiterated a "buy" rating on shares of PepsiCo in a report on Thursday, July 17th. Finally, Wells Fargo & Company boosted their price target on shares of PepsiCo from $140.00 to $154.00 and gave the company an "equal weight" rating in a report on Friday, July 18th. Four investment analysts have rated the stock with a Buy rating, fourteen have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus target price of $158.67.

PepsiCo Stock Performance

Shares of PEP opened at $143.53 on Friday. The firm has a market cap of $196.50 billion, a P/E ratio of 26.14, a PEG ratio of 3.65 and a beta of 0.46. PepsiCo, Inc. has a twelve month low of $127.60 and a twelve month high of $179.43. 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 firm's 50 day moving average price is $143.81 and its two-hundred day moving average price is $140.52.

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 company had revenue of $22.73 billion during the quarter, compared to the consensus estimate of $22.28 billion. PepsiCo had a net margin of 8.23% and a return on equity of 57.81%. The firm's revenue was up 1.0% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $2.28 earnings per share. PepsiCo has set its FY 2025 guidance at 8.038-8.038 EPS. On average, analysts forecast that PepsiCo, Inc. will post 8.3 EPS for the current fiscal 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 $1.4225 dividend. This represents a $5.69 dividend on an annualized basis and a dividend yield of 4.0%. The ex-dividend date is Friday, September 5th. PepsiCo's 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.

Want to see what other hedge funds are holding PEP? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for PepsiCo, Inc. (NASDAQ:PEP - Free Report).

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.