TrueMark Investments LLC Boosts Stock Position in PepsiCo, Inc. $PEP

Key Points

• TrueMark Investments LLC increased its stake in PepsiCo by 6.3%, owning 36,523 shares valued at approximately $4.82 million, as reported in its recent filing with the SEC.
• PepsiCo recently announced a quarterly dividend of $1.4225 per share, translating to an annual yield of 3.7%, with a payout ratio of 108.17%.
• In its latest earnings report, PepsiCo beat analysts' EPS estimates by reporting $2.29 EPS and a quarterly revenue of $23.94 billion, up 2.7% year-over-year.

TrueMark Investments LLC raised its stake in shares of PepsiCo, Inc. (NASDAQ:PEP - Free Report) by 6.3% in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 36,523 shares of the company's stock after acquiring an additional 2,159 shares during the period. TrueMark Investments LLC's holdings in PepsiCo were worth $4,822,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Brighton Jones LLC raised its stake in shares of PepsiCo by 12.4% during the 4th quarter. Brighton Jones LLC now owns 59,392 shares of the company's stock worth $9,031,000 after buying an additional 6,574 shares in the last quarter. GAMMA Investing LLC raised its stake in shares of PepsiCo by 28.1% during the 1st quarter. GAMMA Investing LLC now owns 30,603 shares of the company's stock worth $4,589,000 after buying an additional 6,712 shares in the last quarter. Advisor Resource Council purchased a new position in shares of PepsiCo during the 1st quarter worth approximately $819,000. Rockline Wealth Management LLC raised its stake in shares of PepsiCo by 4.3% during the 1st quarter. Rockline Wealth Management LLC now owns 19,728 shares of the company's stock worth $2,958,000 after buying an additional 817 shares in the last quarter. Finally, Jamison Private Wealth Management Inc. raised its stake in shares of PepsiCo by 2.3% during the 1st quarter. Jamison Private Wealth Management Inc. now owns 11,346 shares of the company's stock worth $1,701,000 after buying an additional 257 shares in the last quarter. Institutional investors and hedge funds own 73.07% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on PEP shares. BNP Paribas Exane cut their target price on PepsiCo from $152.00 to $150.00 and set a "neutral" rating for the company in a research note on Monday, October 6th. The Goldman Sachs Group lifted their price objective on PepsiCo from $165.00 to $167.00 and gave the stock a "buy" rating in a report on Friday, October 10th. Cowen reiterated a "hold" rating on shares of PepsiCo in a research report on Thursday, July 17th. Citigroup decreased their target price on PepsiCo from $168.00 to $165.00 and set a "buy" rating on the stock in a research report on Thursday, September 25th. Finally, JPMorgan Chase & Co. decreased their target price on PepsiCo from $157.00 to $151.00 and set a "neutral" rating on the stock in a research report on Monday, October 6th. Six equities research analysts have rated the stock with a Buy rating, fourteen have issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the stock presently has an average rating of "Hold" and a consensus price target of $156.00.

PepsiCo Price Performance

Shares of NASDAQ:PEP opened at $153.71 on Friday. The business's fifty day moving average price is $145.51 and its two-hundred day moving average price is $139.33. The stock has a market cap of $210.17 billion, a PE ratio of 29.22, a price-to-earnings-growth ratio of 3.74 and a beta of 0.46. The company has a debt-to-equity ratio of 2.26, a quick ratio of 0.72 and a current ratio of 0.91. PepsiCo, Inc. has a one year low of $127.60 and a one year high of $177.50.

PepsiCo (NASDAQ:PEP - Get Free Report) last announced its earnings results on Thursday, October 9th. The company reported $2.29 EPS for the quarter, beating analysts' consensus estimates of $2.26 by $0.03. The firm had revenue of $23.94 billion for the quarter, compared to analysts' expectations of $23.91 billion. PepsiCo had a return on equity of 57.58% and a net margin of 7.82%.PepsiCo's quarterly revenue was up 2.7% on a year-over-year basis. During the same quarter in the prior year, the firm earned $2.31 EPS. PepsiCo has set its FY 2025 guidance at 8.120-8.120 EPS. On average, analysts forecast that PepsiCo, Inc. will post 8.3 EPS for the current fiscal year.

PepsiCo Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, September 30th. Shareholders of record on Friday, September 5th were issued a dividend of $1.4225 per share. This represents a $5.69 dividend on an annualized basis and a yield of 3.7%. The ex-dividend date was Friday, September 5th. PepsiCo's dividend payout ratio is 108.17%.

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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