Uhlmann Price Securities LLC Purchases New Position in PepsiCo, Inc. $PEP

Key Points

• Uhlmann Price Securities LLC acquired 6,275 shares of PepsiCo, valued at approximately $829,000, indicating growing institutional interest in the company.
• PepsiCo's recent earnings report showed an EPS of $2.29, beating expectations, with quarterly revenue of $23.94 billion reflecting a 2.7% increase from the previous year.
• Several analysts have adjusted price targets for PepsiCo, with a consensus target price now at $156.00, reflecting a range of "Buy", "Hold", and "Neutral" ratings among research firms.

Uhlmann Price Securities LLC acquired a new position in PepsiCo, Inc. (NASDAQ:PEP - Free Report) during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund acquired 6,275 shares of the company's stock, valued at approximately $829,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of PEP. Parthenon LLC lifted its position in PepsiCo by 1.2% during the second quarter. Parthenon LLC now owns 101,570 shares of the company's stock valued at $13,411,000 after purchasing an additional 1,185 shares during the last quarter. Cidel Asset Management Inc. increased its holdings in shares of PepsiCo by 9.2% in the 2nd quarter. Cidel Asset Management Inc. now owns 8,297 shares of the company's stock worth $1,096,000 after buying an additional 697 shares during the last quarter. Forvis Mazars Wealth Advisors LLC raised its position in shares of PepsiCo by 0.3% during the 2nd quarter. Forvis Mazars Wealth Advisors LLC now owns 32,994 shares of the company's stock valued at $4,356,000 after buying an additional 86 shares in the last quarter. Crux Wealth Advisors lifted its holdings in shares of PepsiCo by 57.5% in the 2nd quarter. Crux Wealth Advisors now owns 3,002 shares of the company's stock valued at $396,000 after acquiring an additional 1,096 shares during the last quarter. Finally, Chicago Partners Investment Group LLC grew its position in PepsiCo by 20.0% in the second quarter. Chicago Partners Investment Group LLC now owns 20,269 shares of the company's stock worth $2,952,000 after acquiring an additional 3,374 shares in the last quarter. 73.07% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research firms have recently weighed in on PEP. UBS Group cut their target price on PepsiCo from $175.00 to $170.00 and set a "buy" rating on the stock in a research report on Thursday, September 11th. JPMorgan Chase & Co. dropped their price target on shares of PepsiCo from $157.00 to $151.00 and set a "neutral" rating for the company in a research note on Monday, October 6th. Weiss Ratings reissued a "hold (c)" rating on shares of PepsiCo in a research note on Tuesday, October 14th. Evercore ISI raised their price target on PepsiCo from $150.00 to $152.00 in a research note on Friday, October 10th. Finally, Wells Fargo & Company boosted their price objective on PepsiCo from $150.00 to $154.00 and gave the company a "positive" rating in a report on Friday, October 10th. Six equities research 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. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average target price of $156.00.

PepsiCo Stock Up 0.7%

NASDAQ:PEP opened at $153.71 on Monday. The company has a debt-to-equity ratio of 2.26, a current ratio of 0.91 and a quick ratio of 0.72. PepsiCo, Inc. has a 1-year low of $127.60 and a 1-year high of $177.50. The company has a 50-day moving average of $145.51 and a 200 day moving average of $139.25. The firm 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.

PepsiCo (NASDAQ:PEP - Get Free Report) last posted its quarterly earnings results on Thursday, October 9th. The company reported $2.29 EPS for the quarter, beating the consensus estimate of $2.26 by $0.03. PepsiCo had a net margin of 7.82% and a return on equity of 57.58%. The business had revenue of $23.94 billion during the quarter, compared to analyst estimates of $23.91 billion. During the same quarter in the previous year, the business posted $2.31 EPS. The company'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. As a group, research analysts anticipate that PepsiCo, Inc. will post 8.3 EPS for the current fiscal year.

PepsiCo Dividend Announcement

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

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.

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