Liberty One Investment Management LLC Grows Stock Position in PepsiCo, Inc. $PEP

Liberty One Investment Management LLC lifted its stake in PepsiCo, Inc. (NASDAQ:PEP) by 10.0% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 49,571 shares of the company’s stock after purchasing an additional 4,500 shares during the period. Liberty One Investment Management LLC’s holdings in PepsiCo were worth $6,545,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of the business. Vanguard Group Inc. lifted its holdings in PepsiCo by 1.4% during the 1st 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 during the last quarter. Charles Schwab Investment Management Inc. lifted its holdings in PepsiCo by 5.0% during the 1st 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 during the last quarter. Bank of New York Mellon Corp lifted its holdings in PepsiCo by 0.4% during the 1st quarter. Bank of New York Mellon Corp now owns 14,062,857 shares of the company’s stock worth $2,108,585,000 after buying an additional 49,699 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its holdings in PepsiCo by 1.8% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 11,525,812 shares of the company’s stock worth $1,728,180,000 after buying an additional 208,292 shares during the last quarter. Finally, Invesco Ltd. lifted its holdings in PepsiCo by 4.5% during the 1st quarter. Invesco Ltd. now owns 11,328,158 shares of the company’s stock worth $1,698,544,000 after buying an additional 491,894 shares during the last quarter. 73.07% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts have issued reports on the company. JPMorgan Chase & Co. decreased their price target on PepsiCo from $157.00 to $151.00 and set a “neutral” rating for the company in a report on Monday, October 6th. Royal Bank Of Canada cut their target price on PepsiCo from $146.00 to $145.00 and set a “sector perform” rating on the stock in a research report on Monday, September 15th. Wells Fargo & Company lifted their target price on PepsiCo from $150.00 to $154.00 and gave the stock a “positive” rating in a research report on Friday, October 10th. UBS Group cut their target price on PepsiCo from $175.00 to $170.00 and set a “buy” rating on the stock in a research report on Thursday, September 11th. Finally, Citigroup cut their target price on PepsiCo from $168.00 to $165.00 and set a “buy” rating on the stock in a research report on Thursday, September 25th. Six equities research analysts have rated the stock with a Buy rating, fourteen have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $156.00.

PepsiCo Stock Performance

Shares of PEP stock opened at $153.64 on Tuesday. The stock has a market capitalization of $210.08 billion, a PE ratio of 29.21, a price-to-earnings-growth ratio of 3.74 and a beta of 0.46. PepsiCo, Inc. has a 52-week low of $127.60 and a 52-week high of $177.50. The stock’s 50-day moving average price is $145.69 and its 200 day moving average price is $139.29. The company has a quick ratio of 0.72, a current ratio of 0.91 and a debt-to-equity ratio of 2.26.

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

PepsiCo Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, September 30th. Shareholders of record on Friday, September 5th were issued a $1.4225 dividend. This represents a $5.69 dividend on an annualized basis and a yield of 3.7%. The ex-dividend date of this dividend was Friday, September 5th. PepsiCo’s payout ratio is currently 108.17%.

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.