Thompson Investment Management Inc. Raises Stock Holdings in PepsiCo, Inc. $PEP

Key Points

• Thompson Investment Management Inc. increased its stake in PepsiCo, Inc. by 3.9%, owning a total of 72,636 shares valued at approximately $9.59 million as of the latest reporting period.
• Analysts have mixed views on PepsiCo, with a consensus rating of "Hold" and a price target of $158.13, while several firms have recently adjusted their target prices downward.
• PepsiCo announced a quarterly dividend of $1.4225 per share, resulting in an annual yield of 3.9%, despite a dividend payout ratio of over 103%.

Thompson Investment Management Inc. boosted its position in PepsiCo, Inc. (NASDAQ:PEP - Free Report) by 3.9% in the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 72,636 shares of the company's stock after purchasing an additional 2,694 shares during the quarter. PepsiCo makes up approximately 1.4% of Thompson Investment Management Inc.'s investment portfolio, making the stock its 21st largest holding. Thompson Investment Management Inc.'s holdings in PepsiCo were worth $9,591,000 at the end of the most recent reporting period.

Several other hedge funds have also recently modified their holdings of the stock. Robertson Stephens Wealth Management LLC lifted its stake in shares of PepsiCo by 4.2% during the second quarter. Robertson Stephens Wealth Management LLC now owns 26,128 shares of the company's stock worth $3,450,000 after buying an additional 1,061 shares during the period. L. Roy Papp & Associates LLP increased its holdings in shares of PepsiCo by 5.2% during the 2nd quarter. L. Roy Papp & Associates LLP now owns 48,061 shares of the company's stock valued at $6,346,000 after purchasing an additional 2,369 shares in the last quarter. Commerzbank Aktiengesellschaft FI lifted its stake in shares of PepsiCo by 89.7% in the 2nd quarter. Commerzbank Aktiengesellschaft FI now owns 257,914 shares of the company's stock valued at $34,055,000 after purchasing an additional 121,979 shares during the period. Pinion Investment Advisors LLC grew its position in PepsiCo by 3.3% during the second quarter. Pinion Investment Advisors LLC now owns 7,651 shares of the company's stock valued at $1,010,000 after buying an additional 243 shares during the period. Finally, WMG Financial Advisors LLC increased its holdings in PepsiCo by 16.6% in the second quarter. WMG Financial Advisors LLC now owns 1,579 shares of the company's stock valued at $208,000 after buying an additional 225 shares in the last quarter. Institutional investors and hedge funds own 73.07% of the company's stock.

Analysts Set New Price Targets

PEP has been the topic of several recent analyst reports. Royal Bank Of Canada lowered their target price on shares of PepsiCo from $146.00 to $145.00 and set a "sector perform" rating on the stock in a research note on Monday, September 15th. Citigroup reduced their price target on shares of PepsiCo from $168.00 to $165.00 and set a "buy" rating for the company in a research report on Thursday, September 25th. JPMorgan Chase & Co. cut their price objective on PepsiCo from $157.00 to $151.00 and set a "neutral" rating for the company in a research note on Monday. Weiss Ratings restated a "hold (c-)" rating on shares of PepsiCo in a research report on Saturday, September 27th. Finally, Deutsche Bank Aktiengesellschaft reissued a "buy" rating on shares of PepsiCo in a research note on Thursday, July 17th. Four investment analysts have rated the stock with a Buy rating, fourteen have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of "Hold" and a consensus price target of $158.13.

PepsiCo Trading Up 4.2%

Shares of NASDAQ PEP opened at $144.71 on Friday. The stock has a market capitalization of $198.12 billion, a PE ratio of 26.36, a PEG ratio of 3.50 and a beta of 0.46. PepsiCo, Inc. has a twelve month low of $127.60 and a twelve month high of $177.50. The company has a current ratio of 0.78, a quick ratio of 0.60 and a debt-to-equity ratio of 2.12. The stock has a fifty day simple moving average of $144.32 and a 200-day simple moving average of $139.29.

PepsiCo (NASDAQ:PEP - Get Free Report) last announced its quarterly earnings data on Thursday, October 9th. The company reported $2.29 earnings per share for the quarter, beating analysts' consensus estimates of $2.26 by $0.03. PepsiCo had a net margin of 8.23% and a return on equity of 57.81%. The firm had revenue of $23.94 billion during the quarter, compared to analysts' expectations of $23.91 billion. During the same quarter in the previous year, the business posted $2.31 earnings per share. The business's quarterly revenue was up 2.7% compared to the same quarter last year. PepsiCo has set its FY 2025 guidance at 8.120-8.120 EPS. On average, equities analysts forecast that PepsiCo, Inc. will post 8.3 earnings per share for the current year.

PepsiCo Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, September 30th. Investors of record on Friday, September 5th were issued a $1.4225 dividend. This represents a $5.69 annualized dividend and a yield of 3.9%. The ex-dividend date of this dividend was Friday, September 5th. PepsiCo's dividend payout ratio is 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.

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