Vest Financial LLC Has $52.25 Million Holdings in PepsiCo, Inc. $PEP

Key Points

• Vest Financial LLC increased its holdings in PepsiCo, Inc. by 4.8% during Q2, now owning 395,696 shares, valued at approximately $52.25 million.
• Several analysts have recently adjusted their target prices for PepsiCo, with Bank of America raising it to $155.00 and UBS Group lowering it to $170.00, reflecting diverse opinions on the stock's future performance.
• PepsiCo reported quarterly earnings of $2.29 EPS, exceeding analysts' expectations, with revenues increasing by 2.7% year-over-year to $23.94 billion.

Vest Financial LLC raised its holdings in shares of PepsiCo, Inc. (NASDAQ:PEP - Free Report) by 4.8% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 395,696 shares of the company's stock after purchasing an additional 18,156 shares during the period. Vest Financial LLC's holdings in PepsiCo were worth $52,248,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently added to or reduced their stakes in the business. Vanguard Group Inc. boosted its stake in PepsiCo by 1.4% during the 1st quarter. Vanguard Group Inc. now owns 135,174,252 shares of the company's stock worth $20,268,027,000 after acquiring an additional 1,802,748 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its stake in PepsiCo by 5.0% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 26,475,241 shares of the company's stock worth $3,969,698,000 after acquiring an additional 1,258,198 shares during the last quarter. Bank of New York Mellon Corp boosted its stake in PepsiCo by 0.4% during the 1st quarter. Bank of New York Mellon Corp now owns 14,062,857 shares of the company's stock worth $2,108,585,000 after acquiring an additional 49,699 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its stake in PepsiCo by 1.8% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 11,525,812 shares of the company's stock worth $1,728,180,000 after acquiring an additional 208,292 shares during the last quarter. Finally, Invesco Ltd. boosted its stake in PepsiCo by 4.5% during the 1st quarter. Invesco Ltd. now owns 11,328,158 shares of the company's stock worth $1,698,544,000 after acquiring an additional 491,894 shares during the last quarter. 73.07% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on PEP shares. BNP Paribas Exane reduced their price objective on shares of PepsiCo from $152.00 to $150.00 and set a "neutral" rating on the stock in a research note on Monday, October 6th. Morgan Stanley raised their target price on shares of PepsiCo from $153.00 to $165.00 and gave the stock an "equal weight" rating in a report on Friday, July 18th. UBS Group dropped their target price on shares of PepsiCo from $175.00 to $170.00 and set a "buy" rating on the stock in a report on Thursday, September 11th. Bank of America raised their target price on shares of PepsiCo from $150.00 to $155.00 and gave the stock a "neutral" rating in a report on Friday. Finally, Wells Fargo & Company raised their target price on shares of PepsiCo from $150.00 to $154.00 and gave the stock a "positive" rating in a report on Friday. Five investment analysts have rated the stock with a Buy rating and fourteen have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of "Hold" and an average target price of $157.75.

PepsiCo Price Performance

NASDAQ:PEP opened at $150.08 on Monday. The company has a current ratio of 0.91, a quick ratio of 0.72 and a debt-to-equity ratio of 2.26. The firm has a fifty day simple moving average of $144.53 and a 200 day simple moving average of $139.19. PepsiCo, Inc. has a 1-year low of $127.60 and a 1-year high of $177.50. The stock has a market capitalization of $205.47 billion, a PE ratio of 28.53, a P/E/G ratio of 3.75 and a beta of 0.46.

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

PepsiCo Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, September 30th. Stockholders of record on Friday, September 5th were given a $1.4225 dividend. This represents a $5.69 dividend on an annualized basis and a dividend yield of 3.8%. The ex-dividend date of this dividend was Friday, September 5th. PepsiCo's payout ratio is presently 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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