Emprise Bank Has $1.17 Million Stock Position in PepsiCo, Inc. $PEP

Emprise Bank lowered its stake in shares of PepsiCo, Inc. (NASDAQ:PEP) by 9.4% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 8,879 shares of the company’s stock after selling 925 shares during the period. Emprise Bank’s holdings in PepsiCo were worth $1,172,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently made changes to their positions in PEP. Brighton Jones LLC raised its holdings in shares of PepsiCo by 12.4% in the 4th quarter. Brighton Jones LLC now owns 59,392 shares of the company’s stock worth $9,031,000 after acquiring an additional 6,574 shares during the last quarter. Bank Pictet & Cie Europe AG raised its holdings in shares of PepsiCo by 2.5% in the 4th quarter. Bank Pictet & Cie Europe AG now owns 470,387 shares of the company’s stock worth $71,527,000 after acquiring an additional 11,538 shares during the last quarter. Tidal Investments LLC raised its holdings in shares of PepsiCo by 33.7% in the 4th quarter. Tidal Investments LLC now owns 101,266 shares of the company’s stock worth $15,399,000 after acquiring an additional 25,547 shares during the last quarter. Two Sigma Investments LP raised its holdings in shares of PepsiCo by 3,499.4% in the 4th quarter. Two Sigma Investments LP now owns 614,668 shares of the company’s stock worth $93,466,000 after acquiring an additional 597,591 shares during the last quarter. Finally, Two Sigma Advisers LP acquired a new stake in shares of PepsiCo in the 4th quarter worth about $31,279,000. Institutional investors and hedge funds own 73.07% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on PEP. Royal Bank Of Canada restated a “sector perform” rating and issued a $146.00 target price on shares of PepsiCo in a report on Wednesday, September 3rd. Citigroup upped their price objective on shares of PepsiCo from $160.00 to $168.00 and gave the stock a “buy” rating in a research report on Friday, July 18th. Cowen reaffirmed a “hold” rating on shares of PepsiCo in a research report on Thursday, July 17th. JPMorgan Chase & Co. reduced their price objective 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. Finally, Barclays upped their price objective on shares of PepsiCo from $132.00 to $144.00 and gave the stock an “equal weight” rating in a research report on Monday, July 21st. Four research analysts have rated the stock with a Buy rating, fourteen have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, PepsiCo has an average rating of “Hold” and an average price target of $158.67.

PepsiCo Stock Down 2.0%

PepsiCo stock opened at $140.64 on Tuesday. PepsiCo, Inc. has a twelve month low of $127.60 and a twelve month high of $179.43. The firm has a 50 day moving average price of $143.93 and a 200-day moving average price of $140.35. The company has a market capitalization of $192.55 billion, a P/E ratio of 25.62, a P/E/G ratio of 3.63 and a beta of 0.46. The company has a quick ratio of 0.60, a current ratio of 0.78 and a debt-to-equity ratio of 2.12.

PepsiCo (NASDAQ:PEP) last released its earnings results on Thursday, July 17th. The company reported $2.12 earnings per share for the quarter, beating analysts’ consensus estimates of $2.03 by $0.09. The firm had revenue of $22.73 billion during 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 revenue was up 1.0% compared to the same quarter last year. During the same period in the prior year, the firm earned $2.28 EPS. PepsiCo has set its FY 2025 guidance at 8.038-8.038 EPS. As a group, equities analysts predict that PepsiCo, Inc. will post 8.3 EPS for the current year.

PepsiCo Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, September 30th. Investors of record on Friday, September 5th will be paid a dividend of $1.4225 per share. This represents a $5.69 dividend on an annualized basis and a dividend yield of 4.0%. The ex-dividend date is Friday, September 5th. PepsiCo’s dividend 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.