Rosenberg Matthew Hamilton Has $285,000 Stake in PepsiCo, Inc. $PEP

Rosenberg Matthew Hamilton boosted its holdings in shares of PepsiCo, Inc. (NASDAQ:PEP) by 80.1% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 2,159 shares of the company’s stock after buying an additional 960 shares during the quarter. Rosenberg Matthew Hamilton’s holdings in PepsiCo were worth $285,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. Nova Wealth Management Inc. acquired a new position in PepsiCo during the first quarter worth $25,000. Elite Financial Inc. acquired a new position in PepsiCo during the first quarter worth $28,000. Legend Financial Advisors Inc. acquired a new position in PepsiCo during the second quarter worth $29,000. Frazier Financial Advisors LLC increased its position in PepsiCo by 85.3% during the second quarter. Frazier Financial Advisors LLC now owns 265 shares of the company’s stock worth $35,000 after buying an additional 122 shares during the last quarter. Finally, RMG Wealth Management LLC acquired a new stake in shares of PepsiCo in the second quarter valued at about $45,000. 73.07% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

PEP has been the topic of several research analyst reports. JPMorgan Chase & Co. lowered their price target on PepsiCo from $157.00 to $151.00 and set a “neutral” rating on the stock in a research report on Monday, October 6th. Cowen reaffirmed a “hold” rating on shares of PepsiCo in a research report on Thursday, July 17th. Barclays raised their price target on PepsiCo from $140.00 to $142.00 and gave the company an “equal weight” rating in a research report on Friday, October 10th. Citigroup lowered their price target on PepsiCo from $168.00 to $165.00 and set a “buy” rating on the stock in a research report on Thursday, September 25th. Finally, Evercore ISI raised their price target on PepsiCo from $150.00 to $152.00 in a research report on Friday, October 10th. Six research 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’s stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $156.00.

PepsiCo Stock Down 0.3%

NASDAQ PEP opened at $151.16 on Thursday. The company has a debt-to-equity ratio of 2.26, a quick ratio of 0.72 and a current ratio of 0.91. The firm has a 50-day simple moving average of $145.17 and a 200 day simple moving average of $139.35. PepsiCo, Inc. has a twelve month low of $127.60 and a twelve month high of $177.50. The stock has a market cap of $206.69 billion, a PE ratio of 28.74, a PEG ratio of 3.69 and a beta of 0.46.

PepsiCo (NASDAQ:PEP) last released 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 business had revenue of $23.94 billion during the quarter, compared to analysts’ expectations of $23.91 billion. PepsiCo had a net margin of 7.82% and a return on equity of 57.58%. The firm’s revenue was up 2.7% on a year-over-year basis. During the same quarter last year, the company earned $2.31 earnings per share. PepsiCo has set its FY 2025 guidance at 8.120-8.120 EPS. On average, research analysts forecast that PepsiCo, Inc. will post 8.3 EPS for the current year.

PepsiCo Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, September 30th. Shareholders 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 dividend on an annualized basis and a yield of 3.8%. PepsiCo’s dividend payout ratio (DPR) is currently 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.