PepsiCo, Inc. $PEP Stock Holdings Boosted by Horizon Bancorp Inc. IN

Horizon Bancorp Inc. IN lifted its position in shares of PepsiCo, Inc. (NASDAQ:PEP) by 1,250.0% in the 2nd quarter, Holdings Channel reports. The fund owned 1,404 shares of the company’s stock after buying an additional 1,300 shares during the period. Horizon Bancorp Inc. IN’s holdings in PepsiCo were worth $185,000 as of its most recent filing with the SEC.

Several other institutional investors have also modified their holdings of PEP. Claris Advisors LLC MO grew its position in PepsiCo by 14.1% in the 2nd quarter. Claris Advisors LLC MO now owns 2,490 shares of the company’s stock valued at $329,000 after buying an additional 308 shares in the last quarter. Foster Group Inc. grew its position in PepsiCo by 4.6% in the 2nd quarter. Foster Group Inc. now owns 5,169 shares of the company’s stock valued at $683,000 after buying an additional 229 shares in the last quarter. Asset Management One Co. Ltd. grew its position in PepsiCo by 3.6% in the 1st quarter. Asset Management One Co. Ltd. now owns 630,906 shares of the company’s stock valued at $94,598,000 after buying an additional 21,859 shares in the last quarter. Ignite Planners LLC grew its position in PepsiCo by 4.2% in the 1st quarter. Ignite Planners LLC now owns 3,773 shares of the company’s stock valued at $566,000 after buying an additional 151 shares in the last quarter. Finally, Merit Financial Group LLC lifted its holdings in PepsiCo by 46.4% in the 2nd quarter. Merit Financial Group LLC now owns 114,344 shares of the company’s stock valued at $15,098,000 after acquiring an additional 36,239 shares during the last quarter. Institutional investors own 73.07% of the company’s stock.

PepsiCo Trading Up 4.2%

NASDAQ:PEP opened at $144.71 on Friday. The stock’s 50 day moving average price is $144.32 and its 200 day moving average price is $139.29. PepsiCo, Inc. has a 52 week low of $127.60 and a 52 week high of $177.50. The company has a market capitalization of $198.12 billion, a P/E ratio of 26.36, a P/E/G ratio of 3.50 and a beta of 0.46. The company has a debt-to-equity ratio of 2.12, a quick ratio of 0.60 and a current ratio of 0.78.

PepsiCo (NASDAQ:PEP) last released its quarterly earnings data on Thursday, October 9th. The company reported $2.29 EPS for the quarter, topping analysts’ consensus estimates of $2.26 by $0.03. PepsiCo had a return on equity of 57.81% and a net margin of 8.23%.The firm had revenue of $23.94 billion for the quarter, compared to the consensus estimate of $23.91 billion. During the same quarter in the prior year, the company posted $2.31 earnings per share. The firm’s revenue 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, research analysts forecast that PepsiCo, Inc. will post 8.3 EPS for the current fiscal year.

PepsiCo Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, September 30th. Shareholders 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 3.9%. The ex-dividend date was Friday, September 5th. PepsiCo’s dividend payout ratio (DPR) is 103.64%.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on PEP shares. Deutsche Bank Aktiengesellschaft reissued a “buy” rating on shares of PepsiCo in a report on Thursday, July 17th. Morgan Stanley upped their price objective on shares of PepsiCo from $153.00 to $165.00 and gave the company an “equal weight” rating in a research note on Friday, July 18th. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of PepsiCo in a research note on Saturday, September 27th. Royal Bank Of Canada reduced their price objective on shares of PepsiCo from $146.00 to $145.00 and set a “sector perform” rating for the company in a research note on Monday, September 15th. Finally, Bank of America reduced their price objective on shares of PepsiCo from $150.00 to $145.00 and set a “neutral” rating for the company in a research note on Friday, July 11th. Four analysts have rated the stock with a Buy rating, fourteen have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $158.13.

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.