PepsiCo, Inc. $PEP Shares Acquired by Bank & Trust Co

Bank & Trust Co lifted its holdings in shares of PepsiCo, Inc. (NASDAQ:PEP) by 3.2% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 6,895 shares of the company’s stock after buying an additional 212 shares during the period. Bank & Trust Co’s holdings in PepsiCo were worth $910,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in PEP. Asset Management One Co. Ltd. raised its stake in shares of PepsiCo by 3.6% during the first quarter. Asset Management One Co. Ltd. now owns 630,906 shares of the company’s stock valued at $94,598,000 after purchasing an additional 21,859 shares in the last quarter. Ignite Planners LLC raised its position in shares of PepsiCo by 4.2% during the 1st quarter. Ignite Planners LLC now owns 3,773 shares of the company’s stock worth $566,000 after buying an additional 151 shares in the last quarter. Fulton Bank N.A. boosted its holdings in shares of PepsiCo by 2.5% in the second quarter. Fulton Bank N.A. now owns 25,309 shares of the company’s stock valued at $3,342,000 after acquiring an additional 620 shares in the last quarter. Graybill Wealth Management LTD. acquired a new position in shares of PepsiCo during the first quarter valued at approximately $3,633,000. Finally, Sumitomo Mitsui DS Asset Management Company Ltd lifted its position in PepsiCo by 2.3% in the first quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 270,938 shares of the company’s stock worth $40,624,000 after purchasing an additional 6,112 shares during the period. Institutional investors own 73.07% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on the company. JPMorgan Chase & Co. dropped their price objective on PepsiCo from $150.00 to $139.00 and set a “neutral” rating on the stock in a research note on Thursday, July 10th. Bank of America dropped their price target on shares of PepsiCo from $150.00 to $145.00 and set a “neutral” rating on the stock in a research report on Friday, July 11th. Deutsche Bank Aktiengesellschaft restated a “buy” rating on shares of PepsiCo in a research report on Thursday, July 17th. Cowen reiterated a “hold” rating on shares of PepsiCo in a report on Thursday, July 17th. Finally, Barclays raised their target price on shares of PepsiCo from $132.00 to $144.00 and gave the stock an “equal weight” rating in a report on Monday, July 21st. 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.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $158.60.

PepsiCo Stock Performance

PepsiCo stock opened at $141.76 on Friday. The company has a debt-to-equity ratio of 2.12, a current ratio of 0.78 and a quick ratio of 0.60. The company has a market cap of $194.08 billion, a P/E ratio of 25.82, a price-to-earnings-growth ratio of 3.58 and a beta of 0.46. PepsiCo, Inc. has a fifty-two week low of $127.60 and a fifty-two week high of $177.50. The firm’s 50 day simple moving average is $144.39 and its 200-day simple moving average is $140.07.

PepsiCo (NASDAQ:PEP) last released its 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 company 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 company’s revenue for the quarter was up 1.0% on a year-over-year basis. During the same quarter in the prior year, the company earned $2.28 earnings per share. PepsiCo has set its FY 2025 guidance at 8.038-8.038 EPS. As a group, equities research analysts predict that PepsiCo, Inc. will post 8.3 EPS for the current year.

PepsiCo Announces Dividend

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. This represents a $5.69 annualized dividend and a dividend yield of 4.0%. The ex-dividend date is Friday, September 5th. PepsiCo’s dividend payout ratio (DPR) is currently 103.64%.

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.