Kentucky Trust Co Has $1.44 Million Stake in PepsiCo, Inc. $PEP

Kentucky Trust Co boosted its holdings in shares of PepsiCo, Inc. (NASDAQ:PEP) by 1.2% in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 10,888 shares of the company’s stock after purchasing an additional 125 shares during the period. Kentucky Trust Co’s holdings in PepsiCo were worth $1,438,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Nova Wealth Management Inc. acquired a new stake in PepsiCo during the 1st quarter valued at $25,000. Elite Financial Inc. acquired a new stake in PepsiCo during the 1st quarter valued at $28,000. MorganRosel Wealth Management LLC acquired a new stake in PepsiCo during the 1st quarter valued at $55,000. Migdal Insurance & Financial Holdings Ltd. acquired a new stake in PepsiCo during the 1st quarter valued at $58,000. Finally, Greykasell Wealth Strategies Inc. acquired a new stake in shares of PepsiCo in the 1st quarter valued at $58,000. 73.07% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities research analysts have recently commented on PEP shares. Deutsche Bank Aktiengesellschaft reissued a “buy” rating on shares of PepsiCo in a research note on Thursday, July 17th. Barclays lifted 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. Citigroup lifted 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. Royal Bank Of Canada lowered their target price on 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, Morgan Stanley lifted their target price on PepsiCo from $153.00 to $165.00 and gave the company an “equal weight” rating in a research note on Friday, July 18th. Four investment analysts have rated the stock with a Buy rating, fourteen have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $158.60.

PepsiCo Stock Performance

PEP stock opened at $141.90 on Wednesday. The firm has a market cap of $194.27 billion, a PE ratio of 25.85, a P/E/G ratio of 3.56 and a beta of 0.46. The business’s 50-day moving average price is $144.66 and its two-hundred day moving average price is $139.89. PepsiCo, Inc. has a 1-year low of $127.60 and a 1-year high of $177.50. 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 issued its quarterly earnings results on Thursday, July 17th. The company reported $2.12 EPS for the quarter, beating analysts’ consensus estimates of $2.03 by $0.09. The company had revenue of $22.73 billion for the quarter, compared to analyst estimates of $22.28 billion. PepsiCo had a return on equity of 57.81% and a net margin of 8.23%.The company’s quarterly revenue was up 1.0% compared to the same quarter last year. During the same period in the previous year, the company posted $2.28 earnings per share. PepsiCo has set its FY 2025 guidance at 8.038-8.038 EPS. As a group, research analysts forecast that PepsiCo, Inc. will post 8.3 earnings per share for the current year.

PepsiCo Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, September 30th. Stockholders of record on Friday, September 5th will be issued a $1.4225 dividend. This represents a $5.69 dividend on an annualized basis and a dividend yield of 4.0%. The ex-dividend date is Friday, September 5th. PepsiCo’s payout ratio is 103.64%.

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.