Mitchell Mcleod Pugh & Williams Inc. Purchases 442 Shares of PepsiCo, Inc. $PEP

Mitchell Mcleod Pugh & Williams Inc. raised its position in PepsiCo, Inc. (NASDAQ:PEP) by 4.1% during the second quarter, according to the company in its most recent disclosure with the SEC. The firm owned 11,103 shares of the company’s stock after acquiring an additional 442 shares during the quarter. Mitchell Mcleod Pugh & Williams Inc.’s holdings in PepsiCo were worth $1,466,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of PEP. Nuveen LLC bought a new position in PepsiCo in the first quarter valued at about $946,978,000. Kingstone Capital Partners Texas LLC purchased a new stake in PepsiCo in the second quarter worth about $460,110,000. Vanguard Group Inc. increased its position in PepsiCo by 1.4% in the first quarter. Vanguard Group Inc. now owns 135,174,252 shares of the company’s stock worth $20,268,027,000 after buying an additional 1,802,748 shares in the last quarter. Charles Schwab Investment Management Inc. increased its position in PepsiCo by 5.0% in the first quarter. Charles Schwab Investment Management Inc. now owns 26,475,241 shares of the company’s stock worth $3,969,698,000 after buying an additional 1,258,198 shares in the last quarter. Finally, Deutsche Bank AG increased its position in PepsiCo by 14.3% in the first quarter. Deutsche Bank AG now owns 9,296,022 shares of the company’s stock worth $1,393,846,000 after buying an additional 1,165,745 shares in the last quarter. Institutional investors own 73.07% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have commented on the company. Piper Sandler upped their price target on PepsiCo from $160.00 to $162.00 and gave the stock an “overweight” rating in a research report on Friday, October 10th. BNP Paribas Exane reduced their price target on PepsiCo from $152.00 to $150.00 and set a “neutral” rating for the company in a research report on Monday, October 6th. Evercore ISI upped their price target on PepsiCo from $150.00 to $152.00 in a research report on Friday, October 10th. Wells Fargo & Company upped their price target on PepsiCo from $150.00 to $154.00 and gave the stock a “positive” rating in a research report on Friday. Finally, Barclays upped their price target on PepsiCo from $140.00 to $142.00 and gave the stock an “equal weight” rating in a research report on Friday, October 10th. Six analysts have rated the stock with a Buy rating, fourteen have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, PepsiCo presently has an average rating of “Hold” and an average price target of $156.00.

PepsiCo Stock Performance

NASDAQ:PEP opened at $151.54 on Wednesday. The stock has a 50-day moving average price of $144.96 and a 200 day moving average price of $139.27. PepsiCo, Inc. has a 12-month low of $127.60 and a 12-month high of $177.50. The stock has a market capitalization of $207.21 billion, a P/E ratio of 28.81, a P/E/G ratio of 3.62 and a beta of 0.46. The company has a current ratio of 0.91, a quick ratio of 0.72 and a debt-to-equity ratio of 2.26.

PepsiCo (NASDAQ:PEP) last announced its quarterly earnings results on Thursday, October 9th. The company reported $2.29 EPS for the quarter, beating analysts’ consensus estimates of $2.26 by $0.03. PepsiCo had a return on equity of 57.58% and a net margin of 7.82%.The company had revenue of $23.94 billion during the quarter, compared to analyst estimates of $23.91 billion. During the same period in the prior year, the company earned $2.31 earnings per share. The firm’s revenue was up 2.7% on a year-over-year basis. PepsiCo has set its FY 2025 guidance at 8.120-8.120 EPS. Equities research analysts forecast that PepsiCo, Inc. will post 8.3 EPS for the current fiscal year.

PepsiCo Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, September 30th. Investors of record on Friday, September 5th were paid a dividend of $1.4225 per share. The ex-dividend date of this dividend was Friday, September 5th. This represents a $5.69 dividend on an annualized basis and a yield of 3.8%. PepsiCo’s dividend payout ratio is presently 108.17%.

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.