PineStone Asset Management Inc. Purchases 97,095 Shares of PepsiCo, Inc. $PEP

PineStone Asset Management Inc. lifted its position in shares of PepsiCo, Inc. (NASDAQ:PEP) by 4.0% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 2,523,928 shares of the company’s stock after purchasing an additional 97,095 shares during the period. PepsiCo comprises 2.2% of PineStone Asset Management Inc.’s investment portfolio, making the stock its 16th largest holding. PineStone Asset Management Inc.’s holdings in PepsiCo were worth $333,259,000 at the end of the most recent quarter.

A number of other large investors have also added to or reduced their stakes in PEP. Nova Wealth Management Inc. bought a new stake in shares of PepsiCo in the first quarter worth $25,000. Elite Financial Inc. acquired a new position in PepsiCo during the 1st quarter worth about $28,000. MorganRosel Wealth Management LLC acquired a new stake in shares of PepsiCo in the first quarter valued at about $55,000. Migdal Insurance & Financial Holdings Ltd. bought a new position in shares of PepsiCo during the first quarter worth about $58,000. Finally, Greykasell Wealth Strategies Inc. acquired a new position in shares of PepsiCo in the first quarter worth approximately $58,000. Institutional investors own 73.07% of the company’s stock.

PepsiCo Price Performance

Shares of NASDAQ PEP opened at $139.92 on Friday. The firm has a market capitalization of $191.56 billion, a P/E ratio of 25.49, a P/E/G ratio of 3.59 and a beta of 0.46. The firm’s 50-day moving average price is $144.68 and its 200-day moving average price is $139.79. The company has a current ratio of 0.78, a quick ratio of 0.60 and a debt-to-equity ratio of 2.12. PepsiCo, Inc. has a 1-year low of $127.60 and a 1-year high of $177.50.

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

PepsiCo Announces Dividend

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 given a $1.4225 dividend. The ex-dividend date of this dividend is Friday, September 5th. This represents a $5.69 annualized dividend and a yield of 4.1%. PepsiCo’s dividend payout ratio (DPR) is presently 103.64%.

Analysts Set New Price Targets

A number of research firms have weighed in on PEP. Morgan Stanley increased their target price on shares of PepsiCo from $153.00 to $165.00 and gave the company an “equal weight” rating in a research report on Friday, July 18th. Bank of America decreased their price objective on shares of PepsiCo from $150.00 to $145.00 and set a “neutral” rating for the company in a research report on Friday, July 11th. Barclays lifted their target price on shares of PepsiCo from $132.00 to $144.00 and gave the stock an “equal weight” rating in a research note on Monday, July 21st. UBS Group decreased their price target on PepsiCo from $175.00 to $170.00 and set a “buy” rating for the company in a report on Thursday, September 11th. Finally, Wells Fargo & Company dropped their price objective on PepsiCo from $154.00 to $150.00 and set an “equal weight” rating on the stock in a research note on Thursday. Four equities research 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. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $158.13.

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.