Exeter Financial LLC Acquires 717 Shares of PepsiCo, Inc. $PEP

Exeter Financial LLC grew its holdings in shares of PepsiCo, Inc. (NASDAQ:PEP) by 2.3% during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 32,371 shares of the company’s stock after buying an additional 717 shares during the period. PepsiCo makes up 1.9% of Exeter Financial LLC’s investment portfolio, making the stock its 16th largest holding. Exeter Financial LLC’s holdings in PepsiCo were worth $4,274,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Foster Group Inc. boosted its holdings in shares of PepsiCo by 4.6% during the 2nd quarter. Foster Group Inc. now owns 5,169 shares of the company’s stock worth $683,000 after buying an additional 229 shares in the last quarter. Asset Management One Co. Ltd. lifted its holdings in shares of PepsiCo by 3.6% in the 1st quarter. Asset Management One Co. Ltd. now owns 630,906 shares of the company’s stock worth $94,598,000 after purchasing an additional 21,859 shares in the last quarter. Ignite Planners LLC lifted its holdings in shares of PepsiCo by 4.2% in the 1st quarter. Ignite Planners LLC now owns 3,773 shares of the company’s stock worth $566,000 after purchasing an additional 151 shares in the last quarter. Fulton Bank N.A. lifted its holdings in shares of PepsiCo by 2.5% in the 2nd quarter. Fulton Bank N.A. now owns 25,309 shares of the company’s stock worth $3,342,000 after purchasing an additional 620 shares in the last quarter. Finally, Graybill Wealth Management LTD. bought a new position in shares of PepsiCo in the 1st quarter worth $3,633,000. 73.07% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

PEP has been the topic of a number of recent research reports. Barclays increased their target price on PepsiCo from $132.00 to $144.00 and gave the stock an “equal weight” rating in a report on Monday, July 21st. Morgan Stanley increased their target price on PepsiCo from $153.00 to $165.00 and gave the stock an “equal weight” rating in a report on Friday, July 18th. Bank of America cut their target price on PepsiCo from $150.00 to $145.00 and set a “neutral” rating on the stock in a report on Friday, July 11th. Royal Bank Of Canada cut their target price on PepsiCo from $146.00 to $145.00 and set a “sector perform” rating on the stock in a report on Monday, September 15th. Finally, Citigroup increased their price target on PepsiCo from $160.00 to $168.00 and gave the company a “buy” rating in a research report on Friday, July 18th. Four investment analysts have rated the stock with a Buy rating, fourteen have assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the company has an average rating of “Hold” and an average price target of $158.60.

PepsiCo Price Performance

Shares of NASDAQ:PEP opened at $142.17 on Thursday. The company has a current ratio of 0.78, a quick ratio of 0.60 and a debt-to-equity ratio of 2.12. The stock’s fifty day simple moving average is $144.79 and its two-hundred day simple moving average is $139.90. PepsiCo, Inc. has a 1-year low of $127.60 and a 1-year high of $177.50. The stock has a market cap of $194.64 billion, a PE ratio of 25.90, a price-to-earnings-growth ratio of 3.58 and a beta of 0.46.

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

PepsiCo Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 30th. Stockholders of record on Friday, September 5th will be given a dividend of $1.4225 per share. The ex-dividend date of this dividend is Friday, September 5th. This represents a $5.69 annualized dividend and a dividend yield of 4.0%. PepsiCo’s dividend payout ratio (DPR) is currently 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.