Trust Co of Kansas Has $541,000 Stock Holdings in PepsiCo, Inc. $PEP

Trust Co of Kansas increased its stake in shares of PepsiCo, Inc. (NASDAQ:PEP) by 41.2% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 4,101 shares of the company’s stock after acquiring an additional 1,196 shares during the period. PepsiCo comprises about 0.3% of Trust Co of Kansas’ portfolio, making the stock its 28th largest position. Trust Co of Kansas’ holdings in PepsiCo were worth $541,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently modified their holdings of PEP. Nova Wealth Management Inc. bought a new position in PepsiCo during the first quarter worth about $25,000. Elite Financial Inc. bought a new stake in shares of PepsiCo during the first quarter worth approximately $28,000. Legend Financial Advisors Inc. bought a new position in shares of PepsiCo during the second quarter worth approximately $29,000. Investment Research & Advisory Group Inc. lifted its holdings in PepsiCo by 263.6% during the 2nd quarter. Investment Research & Advisory Group Inc. now owns 320 shares of the company’s stock worth $42,000 after purchasing an additional 232 shares during the last quarter. Finally, MorganRosel Wealth Management LLC bought a new stake in shares of PepsiCo in the first quarter valued at about $55,000. 73.07% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

PEP has been the topic of a number of analyst reports. Bank of America reduced their price target on PepsiCo from $150.00 to $145.00 and set a “neutral” rating on the stock in a research report on Friday, July 11th. Morgan Stanley raised their price objective on PepsiCo from $153.00 to $165.00 and gave the company an “equal weight” rating in a research note on Friday, July 18th. UBS Group lowered their price target on shares of PepsiCo from $175.00 to $170.00 and set a “buy” rating for the company in a report on Thursday, September 11th. Wells Fargo & Company dropped their price objective on shares of PepsiCo from $154.00 to $150.00 and set an “equal weight” rating for the company in a report on Thursday, September 25th. Finally, Citigroup reduced their price target on PepsiCo from $168.00 to $165.00 and set a “buy” rating on the stock in a research report on Thursday, September 25th. Four research analysts have rated the stock with a Buy rating, fourteen have assigned a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $158.13.

PepsiCo Price Performance

PepsiCo stock opened at $143.14 on Thursday. The stock has a market cap of $195.97 billion, a P/E ratio of 26.07, a P/E/G ratio of 3.54 and a beta of 0.46. The company has a quick ratio of 0.60, a current ratio of 0.78 and a debt-to-equity ratio of 2.12. The company’s 50 day moving average price is $144.43 and its two-hundred day moving average price is $139.56. PepsiCo, Inc. has a 52 week low of $127.60 and a 52 week high of $177.50.

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

PepsiCo Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, September 30th. Shareholders of record on Friday, September 5th were given a dividend of $1.4225 per share. This represents a $5.69 dividend on an annualized basis and a yield of 4.0%. The ex-dividend date was Friday, September 5th. 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.