2,060 Shares in PepsiCo, Inc. (NASDAQ:PEP) Purchased by Ted Buchan & Co

Key Points

• Ted Buchan & Co has acquired a new stake in PepsiCo, Inc., purchasing 2,060 shares valued at approximately $309,000 in the first quarter of 2023.
• Wall Street analysts have varying ratings on PepsiCo shares, with the consensus price target set at $158.73 and a significant range from $140.00 to $175.00.
• PepsiCo recently announced a quarterly dividend of $1.4225 per share, resulting in an annualized dividend yield of 3.8% and a payout ratio of 103.64%.

Ted Buchan & Co acquired a new position in PepsiCo, Inc. (NASDAQ:PEP - Free Report) during the first quarter, according to the company in its most recent filing with the SEC. The fund acquired 2,060 shares of the company's stock, valued at approximately $309,000.

A number of other institutional investors have also recently added to or reduced their stakes in the company. American Money Management LLC boosted its stake in shares of PepsiCo by 0.9% during the 1st quarter. American Money Management LLC now owns 27,105 shares of the company's stock valued at $4,064,000 after buying an additional 232 shares during the last quarter. E Fund Management Co. Ltd. lifted its stake in PepsiCo by 69.3% during the first quarter. E Fund Management Co. Ltd. now owns 52,812 shares of the company's stock worth $7,919,000 after purchasing an additional 21,612 shares during the last quarter. Financial Network Wealth Advisors LLC lifted its stake in PepsiCo by 144.3% during the first quarter. Financial Network Wealth Advisors LLC now owns 689 shares of the company's stock worth $103,000 after purchasing an additional 407 shares during the last quarter. Tokio Marine Asset Management Co. Ltd. lifted its stake in PepsiCo by 6.0% during the first quarter. Tokio Marine Asset Management Co. Ltd. now owns 40,587 shares of the company's stock worth $6,086,000 after purchasing an additional 2,300 shares during the last quarter. Finally, National Pension Service lifted its stake in PepsiCo by 6.3% during the first quarter. National Pension Service now owns 2,877,251 shares of the company's stock worth $431,415,000 after purchasing an additional 171,047 shares during the last quarter. Institutional investors and hedge funds own 73.07% of the company's stock.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on the company. Dbs Bank cut PepsiCo from a "strong-buy" rating to a "hold" rating in a research note on Friday, May 9th. Evercore ISI set a $140.00 price objective on PepsiCo in a research note on Thursday, April 24th. Barclays raised their price objective on PepsiCo from $132.00 to $144.00 and gave the stock an "equal weight" rating in a research note on Monday, July 21st. Deutsche Bank Aktiengesellschaft restated a "buy" rating on shares of PepsiCo in a research note on Thursday, July 17th. Finally, JPMorgan Chase & Co. dropped their target price on PepsiCo from $150.00 to $139.00 and set a "neutral" rating on the stock in a research report on Thursday, July 10th. One equities research analyst has rated the stock with a sell rating, fifteen have issued a hold rating and four have issued a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of "Hold" and a consensus price target of $158.73.

PepsiCo Stock Performance

Shares of PEP traded down $0.73 during trading hours on Thursday, reaching $148.62. 6,890,929 shares of the company's stock traded hands, compared to its average volume of 8,969,319. The firm has a market capitalization of $203.47 billion, a price-to-earnings ratio of 27.07, a P/E/G ratio of 3.98 and a beta of 0.45. The company has a debt-to-equity ratio of 2.12, a current ratio of 0.78 and a quick ratio of 0.60. PepsiCo, Inc. has a twelve month low of $127.60 and a twelve month high of $179.73. The business's fifty day simple moving average is $136.99 and its two-hundred day simple moving average is $140.63.

PepsiCo (NASDAQ:PEP - Get Free Report) last issued its quarterly earnings results on Thursday, July 17th. The company reported $2.12 EPS for the quarter, beating analysts' consensus estimates of $2.03 by $0.09. The company had revenue of $22.73 billion for the quarter, compared to analyst estimates of $22.28 billion. PepsiCo had a return on equity of 57.81% and a net margin of 8.23%. The company's quarterly revenue was up 1.0% compared to the same quarter last year. During the same period last year, the company earned $2.28 earnings per share. Analysts predict that PepsiCo, Inc. will post 8.3 earnings per share for the current year.

PepsiCo Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 30th. Investors 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 yield of 3.8%. The ex-dividend date of this dividend is Friday, September 5th. PepsiCo's payout ratio is presently 103.64%.

About PepsiCo

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.