PepsiCo, Inc. $PEP Shares Purchased by Bey Douglas LLC

Bey Douglas LLC boosted its position in PepsiCo, Inc. (NASDAQ:PEP) by 20.2% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 2,322 shares of the company’s stock after buying an additional 391 shares during the period. Bey Douglas LLC’s holdings in PepsiCo were worth $307,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently bought and sold shares of PEP. Brighton Jones LLC boosted its position in PepsiCo by 12.4% in the fourth quarter. Brighton Jones LLC now owns 59,392 shares of the company’s stock valued at $9,031,000 after buying an additional 6,574 shares during the last quarter. GAMMA Investing LLC boosted its position in PepsiCo by 28.1% in the first quarter. GAMMA Investing LLC now owns 30,603 shares of the company’s stock valued at $4,589,000 after buying an additional 6,712 shares during the last quarter. Simon Quick Advisors LLC boosted its position in PepsiCo by 41.8% in the first quarter. Simon Quick Advisors LLC now owns 8,512 shares of the company’s stock valued at $1,276,000 after buying an additional 2,508 shares during the last quarter. Ballew Advisors Inc acquired a new position in PepsiCo in the first quarter valued at approximately $857,000. Finally, Rockland Trust Co. lifted its holdings in PepsiCo by 9.2% in the first quarter. Rockland Trust Co. now owns 310,790 shares of the company’s stock valued at $46,600,000 after acquiring an additional 26,173 shares during the period. Hedge funds and other institutional investors own 73.07% of the company’s stock.

PepsiCo Trading Up 3.7%

Shares of PEP stock opened at $150.08 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 $205.47 billion, a price-to-earnings ratio of 28.53, a PEG ratio of 3.62 and a beta of 0.46. The stock has a 50 day simple moving average of $144.53 and a 200-day simple moving average of $139.32. PepsiCo, Inc. has a 1-year low of $127.60 and a 1-year high of $177.50.

PepsiCo (NASDAQ:PEP) last issued its quarterly earnings results on Thursday, October 9th. The company reported $2.29 EPS for the quarter, topping the consensus estimate of $2.26 by $0.03. PepsiCo had a return on equity of 58.46% and a net margin of 7.82%.The firm had revenue of $23.94 billion during the quarter, compared to analysts’ expectations of $23.91 billion. During the same period in the previous year, the business earned $2.31 earnings per share. The firm’s revenue for the quarter was up 2.7% on a year-over-year basis. 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 EPS for the current fiscal year.

PepsiCo Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, September 30th. Investors of record on Friday, September 5th were given a dividend of $1.4225 per share. This represents a $5.69 annualized dividend and a dividend yield of 3.8%. The ex-dividend date was Friday, September 5th. PepsiCo’s payout ratio is presently 103.64%.

Wall Street Analysts Forecast Growth

PEP has been the subject of a number of analyst reports. 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. Piper Sandler boosted their price target on PepsiCo from $160.00 to $162.00 and gave the company an “overweight” rating in a report on Friday. BNP Paribas Exane decreased their price target on PepsiCo from $152.00 to $150.00 and set a “neutral” rating for the company in a report on Monday, October 6th. Weiss Ratings reissued a “hold (c-)” rating on shares of PepsiCo in a report on Saturday, September 27th. Finally, Evercore ISI upped their target price on PepsiCo from $150.00 to $152.00 in a research note on Friday. Five investment analysts have rated the stock with a Buy rating and fourteen have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, PepsiCo has a consensus rating of “Hold” and a consensus price target of $158.25.

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.