Brown Shipley& Co Ltd lifted its holdings in shares of PepsiCo, Inc. (NASDAQ:PEP – Free Report) by 20.6% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 761 shares of the company’s stock after purchasing an additional 130 shares during the quarter. Brown Shipley& Co Ltd’s holdings in PepsiCo were worth $114,000 as of its most recent SEC filing.
Several other institutional investors have also made changes to their positions in PEP. Elite Financial Inc. bought a new position in PepsiCo during the 1st quarter worth $28,000. Measured Risk Portfolios Inc. acquired a new stake in shares of PepsiCo during the 4th quarter worth $31,000. Sunbeam Capital Management LLC bought a new position in shares of PepsiCo in the fourth quarter worth $47,000. MorganRosel Wealth Management LLC acquired a new position in PepsiCo in the first quarter valued at about $55,000. Finally, Migdal Insurance & Financial Holdings Ltd. bought a new stake in PepsiCo during the first quarter worth about $58,000. 73.07% of the stock is currently owned by institutional investors.
Analysts Set New Price Targets
Several equities analysts have recently commented on PEP shares. JPMorgan Chase & Co. dropped their target price on shares of PepsiCo from $150.00 to $139.00 and set a “neutral” rating for the company in a research report on Thursday, July 10th. UBS Group decreased their price objective on shares of PepsiCo from $175.00 to $169.00 and set a “buy” rating on the stock in a research note on Friday, April 25th. Evercore ISI set a $140.00 target price on PepsiCo in a research note on Thursday, April 24th. Cowen reiterated a “hold” rating on shares of PepsiCo in a research note on Thursday, July 17th. Finally, Barclays boosted their price target on PepsiCo from $132.00 to $144.00 and gave the stock an “equal weight” rating in a report on Monday, July 21st. Four analysts have rated the stock with a Buy rating, fourteen have assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $158.73.
PepsiCo Stock Down 0.9%
Shares of PEP opened at $150.73 on Thursday. The company has a debt-to-equity ratio of 2.12, a quick ratio of 0.60 and a current ratio of 0.78. PepsiCo, Inc. has a 52 week low of $127.60 and a 52 week high of $179.73. The stock has a market capitalization of $206.36 billion, a price-to-earnings ratio of 27.46, a PEG ratio of 4.05 and a beta of 0.45. The stock has a fifty day moving average of $138.61 and a 200-day moving average of $140.63.
PepsiCo (NASDAQ:PEP – Get Free Report) last issued its quarterly earnings data on Thursday, July 17th. The company reported $2.12 earnings per share for the quarter, topping analysts’ consensus estimates of $2.03 by $0.09. The business 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%.PepsiCo’s quarterly revenue was up 1.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $2.28 EPS. PepsiCo has set its FY 2025 guidance at 8.038-8.038 EPS. As a group, sell-side analysts anticipate that PepsiCo, Inc. will post 8.3 earnings per share for the current fiscal year.
PepsiCo Dividend Announcement
The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 30th. Shareholders 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.
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