1,619 Shares in PepsiCo, Inc. $PEP Purchased by M.E. Allison & CO. Inc.

M.E. Allison & CO. Inc. acquired a new position in shares of PepsiCo, Inc. (NASDAQ:PEP) in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The firm acquired 1,619 shares of the company’s stock, valued at approximately $214,000.

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

Analyst Ratings Changes

Several brokerages recently commented on PEP. Cowen reissued a “hold” rating on shares of PepsiCo in a research report on Thursday, July 17th. Royal Bank Of Canada reduced their price target on PepsiCo from $146.00 to $145.00 and set a “sector perform” rating for the company in a research report on Monday, September 15th. HSBC increased their price target on PepsiCo from $145.00 to $152.00 and gave the company a “hold” rating in a research report on Friday. Evercore ISI increased their price target on PepsiCo from $150.00 to $152.00 in a research report on Friday. Finally, Barclays raised their price objective on PepsiCo from $140.00 to $142.00 and gave the company an “equal weight” rating in a research report on Friday. Five equities research analysts have rated the stock with a Buy rating and fourteen have assigned a Hold rating to the company. According to MarketBeat, PepsiCo currently has a consensus rating of “Hold” and a consensus price target of $157.75.

PepsiCo Stock Performance

PEP opened at $150.08 on Monday. PepsiCo, Inc. has a 12-month low of $127.60 and a 12-month high of $177.50. The stock has a market cap of $205.47 billion, a price-to-earnings ratio of 28.53, a PEG ratio of 3.75 and a beta of 0.46. The business has a 50 day moving average of $144.53 and a 200-day moving average of $139.19. The company has a quick ratio of 0.72, a current ratio of 0.91 and a debt-to-equity ratio of 2.26.

PepsiCo (NASDAQ:PEP) last released its quarterly earnings data on Thursday, October 9th. The company reported $2.29 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.26 by $0.03. The company had revenue of $23.94 billion during the quarter, compared to analysts’ expectations of $23.91 billion. PepsiCo had a return on equity of 57.58% and a net margin of 7.82%.The business’s revenue was up 2.7% on a year-over-year basis. During the same period last year, the firm posted $2.31 earnings per share. PepsiCo has set its FY 2025 guidance at 8.120-8.120 EPS. On average, equities research analysts expect that PepsiCo, Inc. will post 8.3 earnings per share for the current year.

PepsiCo Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, September 30th. Investors of record on Friday, September 5th were issued a dividend of $1.4225 per share. This represents a $5.69 annualized dividend and a yield of 3.8%. The ex-dividend date of this dividend was Friday, September 5th. PepsiCo’s dividend payout ratio (DPR) 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.