Addison Capital Co Has $5.17 Million Holdings in PepsiCo, Inc. $PEP

Addison Capital Co decreased its position in shares of PepsiCo, Inc. (NASDAQ:PEP) by 1.5% in the 1st quarter, Holdings Channel reports. The firm owned 34,473 shares of the company’s stock after selling 534 shares during the quarter. PepsiCo accounts for about 2.0% of Addison Capital Co’s portfolio, making the stock its 15th largest holding. Addison Capital Co’s holdings in PepsiCo were worth $5,169,000 as of its most recent filing with the SEC.

Other institutional investors also recently modified their holdings of the company. Legacy Financial Group LLC lifted its holdings in PepsiCo by 4.9% in the first quarter. Legacy Financial Group LLC now owns 1,514 shares of the company’s stock valued at $227,000 after buying an additional 71 shares during the period. Pflug Koory LLC raised its position in shares of PepsiCo by 1.0% in the 1st quarter. Pflug Koory LLC now owns 7,750 shares of the company’s stock worth $1,162,000 after acquiring an additional 76 shares in the last quarter. Hoge Financial Services LLC lifted its stake in shares of PepsiCo by 2.1% in the 1st quarter. Hoge Financial Services LLC now owns 3,633 shares of the company’s stock valued at $545,000 after purchasing an additional 76 shares during the period. Members Trust Co boosted its position in shares of PepsiCo by 1.3% during the 1st quarter. Members Trust Co now owns 5,941 shares of the company’s stock valued at $891,000 after purchasing an additional 77 shares in the last quarter. Finally, Rothschild Investment LLC grew its stake in PepsiCo by 0.5% during the first quarter. Rothschild Investment LLC now owns 15,873 shares of the company’s stock worth $2,380,000 after purchasing an additional 78 shares during the period. 73.07% of the stock is owned by institutional investors.

PepsiCo Trading Down 0.3%

NASDAQ:PEP opened at $142.66 on Thursday. The company has a debt-to-equity ratio of 2.12, a current ratio of 0.78 and a quick ratio of 0.60. PepsiCo, Inc. has a one year low of $127.60 and a one year high of $179.43. The company has a market cap of $195.31 billion, a PE ratio of 25.99, a PEG ratio of 3.62 and a beta of 0.46. The firm has a 50-day moving average of $143.47 and a 200-day moving average of $140.75.

PepsiCo (NASDAQ:PEP) last released its quarterly earnings results on Thursday, July 17th. The company reported $2.12 earnings per share (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 the consensus estimate of $22.28 billion. PepsiCo had a return on equity of 57.81% and a net margin of 8.23%.The company’s quarterly revenue was up 1.0% on a year-over-year basis. During the same quarter in the previous year, the business earned $2.28 EPS. PepsiCo has set its FY 2025 guidance at 8.038-8.038 EPS. As a group, equities research analysts expect that PepsiCo, Inc. will post 8.3 EPS for the current fiscal year.

PepsiCo Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, September 30th. Investors of record on Friday, September 5th will be issued 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 4.0%. PepsiCo’s dividend payout ratio is 103.64%.

Analyst Upgrades and Downgrades

Several equities analysts have issued reports on PEP shares. Wells Fargo & Company boosted their price target on PepsiCo from $140.00 to $154.00 and gave the company an “equal weight” rating in a research note on Friday, July 18th. Royal Bank Of Canada reissued a “sector perform” rating and set a $146.00 target price on shares of PepsiCo in a research note on Wednesday, September 3rd. Citigroup lifted their price target on shares of PepsiCo from $160.00 to $168.00 and gave the company a “buy” rating in a research note on Friday, July 18th. Bank of America dropped their price objective on shares of PepsiCo from $150.00 to $145.00 and set a “neutral” rating on the stock in a report on Friday, July 11th. Finally, Deutsche Bank Aktiengesellschaft restated a “buy” rating on shares of PepsiCo in a research note on Thursday, July 17th. Four research 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.com, PepsiCo currently has a consensus rating of “Hold” and a consensus price target of $158.60.

PepsiCo 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.