Aspen Investment Management Inc Boosts Stock Position in PepsiCo, Inc. $PEP

Aspen Investment Management Inc grew its stake in shares of PepsiCo, Inc. (NASDAQ:PEP) by 3.6% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 13,845 shares of the company’s stock after acquiring an additional 476 shares during the period. PepsiCo accounts for approximately 1.0% of Aspen Investment Management Inc’s portfolio, making the stock its 27th largest holding. Aspen Investment Management Inc’s holdings in PepsiCo were worth $2,076,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in PEP. Brighton Jones LLC raised its position in shares of PepsiCo by 12.4% in the fourth quarter. Brighton Jones LLC now owns 59,392 shares of the company’s stock worth $9,031,000 after buying an additional 6,574 shares in the last quarter. Bank Pictet & Cie Europe AG raised its position in shares of PepsiCo by 2.5% in the fourth quarter. Bank Pictet & Cie Europe AG now owns 470,387 shares of the company’s stock worth $71,527,000 after buying an additional 11,538 shares in the last quarter. Janus Henderson Group PLC raised its position in shares of PepsiCo by 0.7% in the fourth quarter. Janus Henderson Group PLC now owns 352,517 shares of the company’s stock worth $53,602,000 after buying an additional 2,292 shares in the last quarter. Lighthouse Investment Partners LLC purchased a new stake in shares of PepsiCo in the fourth quarter worth $991,000. Finally, New England Asset Management Inc. raised its position in shares of PepsiCo by 120.5% in the fourth quarter. New England Asset Management Inc. now owns 25,112 shares of the company’s stock worth $3,819,000 after buying an additional 13,725 shares in the last quarter. Hedge funds and other institutional investors own 73.07% of the company’s stock.

PepsiCo Stock Up 1.0%

Shares of NASDAQ:PEP opened at $143.10 on Wednesday. The stock’s 50-day moving average price is $143.35 and its 200-day moving average price is $140.74. PepsiCo, Inc. has a 12-month low of $127.60 and a 12-month high of $179.43. The stock has a market capitalization of $195.91 billion, a P/E ratio of 26.07, a price-to-earnings-growth ratio of 3.58 and a beta of 0.46. The company has a current ratio of 0.78, a quick ratio of 0.60 and a debt-to-equity ratio of 2.12.

PepsiCo (NASDAQ:PEP) last announced its quarterly earnings data 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 firm had revenue of $22.73 billion for the quarter, compared to analysts’ expectations 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% compared to the same quarter last year. During the same period last year, the firm earned $2.28 earnings per share. PepsiCo has set its FY 2025 guidance at 8.038-8.038 EPS. On average, equities analysts anticipate that PepsiCo, Inc. will post 8.3 earnings per share for the current year.

PepsiCo Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 30th. Shareholders of record on Friday, September 5th will be issued a $1.4225 dividend. The ex-dividend date is Friday, September 5th. This represents a $5.69 annualized dividend and a yield of 4.0%. PepsiCo’s dividend payout ratio (DPR) is 103.64%.

Wall Street Analyst Weigh In

A number of research analysts recently commented on PEP shares. Royal Bank Of Canada reissued a “sector perform” rating and issued a $146.00 target price on shares of PepsiCo in a research note on Wednesday, September 3rd. Citigroup increased their target price on PepsiCo from $160.00 to $168.00 and gave the company a “buy” rating in a research note on Friday, July 18th. Cowen reissued a “hold” rating on shares of PepsiCo in a research note on Thursday, July 17th. Deutsche Bank Aktiengesellschaft reissued a “buy” rating on shares of PepsiCo in a research note on Thursday, July 17th. Finally, Barclays increased their target price on PepsiCo from $132.00 to $144.00 and gave the company an “equal weight” rating in a research note on Monday, July 21st. Four research analysts have rated the stock with a Buy rating, fourteen have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $158.60.

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.