eCIO Inc. Takes $139,000 Position in PepsiCo, Inc. $PEP

eCIO Inc. acquired a new position in shares of PepsiCo, Inc. (NASDAQ:PEP) in the first quarter, according to its most recent filing with the Securities & Exchange Commission. The firm acquired 926 shares of the company’s stock, valued at approximately $139,000.

Several other institutional investors have also recently bought and sold shares of the company. Nova Wealth Management Inc. bought a new position in shares of PepsiCo during the 1st quarter worth approximately $25,000. Elite Financial Inc. acquired a new position in PepsiCo during the first quarter worth $28,000. Sunbeam Capital Management LLC bought a new position in PepsiCo in the fourth quarter valued at $47,000. MorganRosel Wealth Management LLC acquired a new stake in PepsiCo in the 1st quarter valued at $55,000. Finally, Migdal Insurance & Financial Holdings Ltd. bought a new stake in PepsiCo during the 1st quarter worth about $58,000. Institutional investors own 73.07% of the company’s stock.

PepsiCo Trading Up 1.1%

Shares of PepsiCo stock opened at $144.23 on Friday. The company has a debt-to-equity ratio of 2.12, a current ratio of 0.78 and a quick ratio of 0.60. The business has a fifty day simple moving average of $143.65 and a two-hundred day simple moving average of $140.69. PepsiCo, Inc. has a 1 year low of $127.60 and a 1 year high of $179.43. The company has a market capitalization of $197.46 billion, a price-to-earnings ratio of 26.27, a P/E/G ratio of 3.61 and a beta of 0.46.

PepsiCo (NASDAQ:PEP) last released its quarterly earnings data on Thursday, July 17th. The company reported $2.12 EPS for the quarter, beating the consensus estimate of $2.03 by $0.09. The firm had revenue of $22.73 billion for the quarter, compared to the consensus estimate of $22.28 billion. PepsiCo had a net margin of 8.23% and a return on equity of 57.81%. The company’s quarterly revenue was up 1.0% on a year-over-year basis. During the same period in the previous year, the company earned $2.28 earnings per share. PepsiCo has set its FY 2025 guidance at 8.038-8.038 EPS. Research analysts forecast that PepsiCo, Inc. will post 8.3 EPS for the current year.

PepsiCo Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 30th. Shareholders of record on Friday, September 5th will be given a dividend of $1.4225 per share. The ex-dividend date is Friday, September 5th. This represents a $5.69 annualized dividend and a yield of 3.9%. PepsiCo’s dividend payout ratio (DPR) is 103.64%.

Analysts Set New Price Targets

Several brokerages have recently weighed in on PEP. Cowen restated a “hold” rating on shares of PepsiCo in a report on Thursday, July 17th. Morgan Stanley boosted their price target on PepsiCo from $153.00 to $165.00 and gave the stock an “equal weight” rating in a research report on Friday, July 18th. UBS Group cut their price objective on PepsiCo from $175.00 to $170.00 and set a “buy” rating for the company in a report on Thursday. JPMorgan Chase & Co. lowered their target price on shares of PepsiCo from $150.00 to $139.00 and set a “neutral” rating on the stock in a report on Thursday, July 10th. Finally, Royal Bank Of Canada reaffirmed a “sector perform” rating and set a $146.00 price target on shares of PepsiCo in a research report on Wednesday, September 3rd. Four analysts have rated the stock with a Buy rating, fourteen have issued a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, PepsiCo presently has a consensus rating of “Hold” and an average target price of $158.67.

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.