Independence Bank of Kentucky Buys 83 Shares of PepsiCo, Inc. $PEP

Independence Bank of Kentucky boosted its stake in shares of PepsiCo, Inc. (NASDAQ:PEP) by 0.2% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 39,138 shares of the company’s stock after acquiring an additional 83 shares during the quarter. PepsiCo comprises about 0.7% of Independence Bank of Kentucky’s investment portfolio, making the stock its 27th biggest position. Independence Bank of Kentucky’s holdings in PepsiCo were worth $5,168,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently added to or reduced their stakes in the stock. Nova Wealth Management Inc. bought a new position in shares of PepsiCo during the first quarter valued at approximately $25,000. Elite Financial Inc. bought a new position in shares of PepsiCo during the first quarter valued at approximately $28,000. Legend Financial Advisors Inc. bought a new position in shares of PepsiCo during the second quarter valued at approximately $29,000. MorganRosel Wealth Management LLC bought a new position in shares of PepsiCo during the first quarter valued at approximately $55,000. Finally, Migdal Insurance & Financial Holdings Ltd. bought a new position in shares of PepsiCo during the first quarter valued at approximately $58,000. 73.07% of the stock is owned by institutional investors.

PepsiCo Stock Performance

Shares of PEP opened at $140.44 on Monday. PepsiCo, Inc. has a 12 month low of $127.60 and a 12 month high of $177.50. The stock has a fifty day moving average price of $144.63 and a 200-day moving average price of $139.59. 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 market cap of $192.27 billion, a PE ratio of 25.58, a P/E/G ratio of 3.54 and a beta of 0.46.

PepsiCo (NASDAQ:PEP) last issued its quarterly earnings data on Thursday, July 17th. The company reported $2.12 EPS for the quarter, beating the consensus estimate of $2.03 by $0.09. PepsiCo had a return on equity of 57.81% and a net margin of 8.23%.The firm had revenue of $22.73 billion during the quarter, compared to analyst estimates of $22.28 billion. During the same quarter in the prior year, the business posted $2.28 EPS. The business’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 predict that PepsiCo, Inc. will post 8.3 earnings per share for the current fiscal year.

PepsiCo Dividend Announcement

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

Wall Street Analyst Weigh In

A number of research firms have recently commented on PEP. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating on shares of PepsiCo in a research note on Thursday, July 17th. Barclays boosted their price target on PepsiCo from $132.00 to $144.00 and gave the company an “equal weight” rating in a report on Monday, July 21st. Morgan Stanley boosted their price target on PepsiCo from $153.00 to $165.00 and gave the company an “equal weight” rating in a report on Friday, July 18th. Bank of America lowered their price target on PepsiCo from $150.00 to $145.00 and set a “neutral” rating for the company in a report on Friday, July 11th. Finally, Citigroup lowered their price target on PepsiCo from $168.00 to $165.00 and set a “buy” rating for the company in a report on Thursday. Four equities research analysts have rated the stock with a Buy rating, fourteen have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $158.13.

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.