TCV Trust & Wealth Management Inc. Has $11.44 Million Holdings in PepsiCo, Inc. $PEP

TCV Trust & Wealth Management Inc. lifted its stake in shares of PepsiCo, Inc. (NASDAQ:PEP) by 3.5% in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 86,652 shares of the company’s stock after buying an additional 2,946 shares during the period. TCV Trust & Wealth Management Inc.’s holdings in PepsiCo were worth $11,442,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of PEP. Legacy Financial Group LLC increased its holdings in PepsiCo by 4.9% in the first quarter. Legacy Financial Group LLC now owns 1,514 shares of the company’s stock valued at $227,000 after purchasing an additional 71 shares during the period. Centurion Wealth Management LLC increased its holdings in PepsiCo by 3.8% in the second quarter. Centurion Wealth Management LLC now owns 2,068 shares of the company’s stock valued at $273,000 after purchasing an additional 75 shares during the period. SK Wealth Management LLC increased its holdings in PepsiCo by 3.3% in the second quarter. SK Wealth Management LLC now owns 2,375 shares of the company’s stock valued at $319,000 after purchasing an additional 75 shares during the period. Pflug Koory LLC increased its holdings in PepsiCo by 1.0% in the first quarter. Pflug Koory LLC now owns 7,750 shares of the company’s stock valued at $1,162,000 after purchasing an additional 76 shares during the period. Finally, Hoge Financial Services LLC increased its holdings in PepsiCo by 2.1% in the first quarter. Hoge Financial Services LLC now owns 3,633 shares of the company’s stock valued at $545,000 after purchasing an additional 76 shares during the period. 73.07% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on the company. Citigroup increased their price objective on PepsiCo from $160.00 to $168.00 and gave the company a “buy” rating in a report on Friday, July 18th. JPMorgan Chase & Co. decreased their price objective on PepsiCo from $150.00 to $139.00 and set a “neutral” rating for the company in a report on Thursday, July 10th. Bank of America decreased their price objective on PepsiCo from $150.00 to $145.00 and set a “neutral” rating for the company in a report on Friday, July 11th. Barclays upped their price target on shares of PepsiCo from $132.00 to $144.00 and gave the company an “equal weight” rating in a research report on Monday, July 21st. Finally, UBS Group cut their price target on shares of PepsiCo from $175.00 to $170.00 and set a “buy” rating on the stock in a research report on Thursday, September 11th. Four investment analysts have rated the stock with a Buy rating, fourteen have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $158.60.

PepsiCo Price Performance

PEP stock opened at $141.76 on Friday. The stock has a market capitalization of $194.08 billion, a PE ratio of 25.82, a price-to-earnings-growth ratio of 3.56 and a beta of 0.46. The company’s 50-day moving average is $144.39 and its 200-day moving average is $140.16. The company has a debt-to-equity ratio of 2.12, a current ratio of 0.78 and a quick ratio of 0.60. PepsiCo, Inc. has a 1 year low of $127.60 and a 1 year high of $177.50.

PepsiCo (NASDAQ:PEP) last announced 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 business had revenue of $22.73 billion for the quarter, compared to analysts’ expectations of $22.28 billion. During the same quarter last year, the firm earned $2.28 EPS. The firm’s revenue for the quarter was up 1.0% compared to the same quarter last year. PepsiCo has set its FY 2025 guidance at 8.038-8.038 EPS. Equities research analysts expect that PepsiCo, Inc. will post 8.3 EPS for the current fiscal year.

PepsiCo Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, September 30th. Investors of record on Friday, September 5th will be given a $1.4225 dividend. The ex-dividend date of this dividend is Friday, September 5th. This represents a $5.69 annualized dividend and a yield of 4.0%. PepsiCo’s dividend payout ratio (DPR) is presently 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.