PepsiCo, Inc. $PEP Shares Acquired by TrueMark Investments LLC

TrueMark Investments LLC lifted its holdings in shares of PepsiCo, Inc. (NASDAQ:PEP) by 6.3% during the 2nd quarter, Holdings Channel.com reports. The firm owned 36,523 shares of the company’s stock after acquiring an additional 2,159 shares during the period. TrueMark Investments LLC’s holdings in PepsiCo were worth $4,822,000 at the end of the most recent quarter.

Several other hedge funds have also made changes to their positions in PEP. Brighton Jones LLC boosted its holdings in shares of PepsiCo by 12.4% during the fourth quarter. Brighton Jones LLC now owns 59,392 shares of the company’s stock worth $9,031,000 after purchasing an additional 6,574 shares during the last quarter. GAMMA Investing LLC boosted its holdings in shares of PepsiCo by 28.1% during the first quarter. GAMMA Investing LLC now owns 30,603 shares of the company’s stock worth $4,589,000 after purchasing an additional 6,712 shares during the last quarter. Advisor Resource Council purchased a new position in shares of PepsiCo in the 1st quarter worth $819,000. Rockline Wealth Management LLC raised its position in shares of PepsiCo by 4.3% in the 1st quarter. Rockline Wealth Management LLC now owns 19,728 shares of the company’s stock worth $2,958,000 after buying an additional 817 shares during the period. Finally, Jamison Private Wealth Management Inc. raised its position in shares of PepsiCo by 2.3% in the 1st quarter. Jamison Private Wealth Management Inc. now owns 11,346 shares of the company’s stock worth $1,701,000 after buying an additional 257 shares during the period. Institutional investors and hedge funds own 73.07% of the company’s stock.

PepsiCo Trading Up 0.7%

NASDAQ:PEP opened at $153.71 on Friday. The business’s 50-day moving average is $145.51 and its two-hundred day moving average is $139.33. The company has a debt-to-equity ratio of 2.26, a current ratio of 0.91 and a quick ratio of 0.72. The firm has a market capitalization of $210.17 billion, a PE ratio of 29.22, a price-to-earnings-growth ratio of 3.74 and a beta of 0.46. PepsiCo, Inc. has a 12 month low of $127.60 and a 12 month high of $177.50.

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

PepsiCo Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, September 30th. Stockholders of record on Friday, September 5th were paid a dividend of $1.4225 per share. The ex-dividend date was Friday, September 5th. This represents a $5.69 annualized dividend and a dividend yield of 3.7%. PepsiCo’s dividend payout ratio (DPR) is currently 108.17%.

Analyst Ratings Changes

PEP has been the topic of several research reports. Evercore ISI increased their target price on PepsiCo from $150.00 to $152.00 in a research report on Friday, October 10th. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating on shares of PepsiCo in a research report on Thursday, July 17th. Morgan Stanley increased their target price on PepsiCo from $153.00 to $165.00 and gave the stock an “equal weight” rating in a research report on Friday, July 18th. Barclays raised their price objective on PepsiCo from $140.00 to $142.00 and gave the company an “equal weight” rating in a research report on Friday, October 10th. Finally, JPMorgan Chase & Co. cut their price objective on PepsiCo from $157.00 to $151.00 and set a “neutral” rating on the stock in a research report on Monday, October 6th. Six 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 MarketBeat.com, PepsiCo has a consensus rating of “Hold” and a consensus price target of $156.00.

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.