Smith Anglin Financial LLC Grows Position in PepsiCo, Inc. $PEP

Smith Anglin Financial LLC lifted its stake in PepsiCo, Inc. (NASDAQ:PEP) by 1.7% during the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 7,859 shares of the company’s stock after buying an additional 128 shares during the quarter. Smith Anglin Financial LLC’s holdings in PepsiCo were worth $1,038,000 at the end of the most recent reporting period.

Several other hedge funds have also recently modified their holdings of the stock. Foster Group Inc. grew its holdings in shares of PepsiCo by 4.6% in the second quarter. Foster Group Inc. now owns 5,169 shares of the company’s stock valued at $683,000 after purchasing an additional 229 shares in the last quarter. Asset Management One Co. Ltd. grew its holdings in shares of PepsiCo by 3.6% in the first quarter. Asset Management One Co. Ltd. now owns 630,906 shares of the company’s stock valued at $94,598,000 after purchasing an additional 21,859 shares in the last quarter. Ignite Planners LLC grew its holdings in shares of PepsiCo by 4.2% in the first quarter. Ignite Planners LLC now owns 3,773 shares of the company’s stock valued at $566,000 after purchasing an additional 151 shares in the last quarter. Fulton Bank N.A. grew its holdings in shares of PepsiCo by 2.5% in the second quarter. Fulton Bank N.A. now owns 25,309 shares of the company’s stock valued at $3,342,000 after purchasing an additional 620 shares in the last quarter. Finally, Graybill Wealth Management LTD. purchased a new position in shares of PepsiCo in the first quarter valued at $3,633,000. Hedge funds and other institutional investors own 73.07% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have commented on PEP. Royal Bank Of Canada dropped 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. JPMorgan Chase & Co. dropped their price objective on shares of PepsiCo from $150.00 to $139.00 and set a “neutral” rating for the company in a research note on Thursday, July 10th. Bank of America dropped 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. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating on shares of PepsiCo in a research note on Thursday, July 17th. Finally, Cowen reaffirmed a “hold” rating on shares of PepsiCo in a research note on Thursday, July 17th. 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’s stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $158.13.

PepsiCo Stock Down 0.2%

Shares of PEP opened at $140.17 on Tuesday. The firm has a market capitalization of $191.90 billion, a P/E ratio of 25.53, a P/E/G ratio of 3.54 and a beta of 0.46. PepsiCo, Inc. has a 12-month low of $127.60 and a 12-month 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. The firm has a fifty day moving average price of $144.60 and a 200-day moving average price of $139.53.

PepsiCo (NASDAQ:PEP) last released its quarterly earnings data on Thursday, July 17th. The company reported $2.12 earnings per share for the quarter, topping analysts’ consensus estimates 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 period in the prior year, the firm earned $2.28 earnings per share. 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 earnings per share for the current year.

PepsiCo Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 30th. Investors of record on Friday, September 5th will be paid a $1.4225 dividend. The ex-dividend date of this dividend is Friday, September 5th. This represents a $5.69 dividend on an annualized basis and a yield of 4.1%. PepsiCo’s dividend payout ratio is 103.64%.

PepsiCo Company 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.