PepsiCo, Inc. $PEP Shares Bought by Studio Investment Management LLC

Studio Investment Management LLC raised its position in PepsiCo, Inc. (NASDAQ:PEP) by 4.1% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 18,384 shares of the company’s stock after purchasing an additional 722 shares during the quarter. Studio Investment Management LLC’s holdings in PepsiCo were worth $2,427,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently made changes to their positions in the company. Nova Wealth Management Inc. bought a new position in shares of PepsiCo in the first quarter valued at approximately $25,000. Elite Financial Inc. bought a new position in shares of PepsiCo in the first quarter valued at approximately $28,000. Legend Financial Advisors Inc. bought a new position in shares of PepsiCo in the second quarter valued at approximately $29,000. Frazier Financial Advisors LLC boosted its holdings in shares of PepsiCo by 85.3% in the second quarter. Frazier Financial Advisors LLC now owns 265 shares of the company’s stock valued at $35,000 after acquiring an additional 122 shares in the last quarter. Finally, Investment Research & Advisory Group Inc. boosted its holdings in shares of PepsiCo by 263.6% in the second quarter. Investment Research & Advisory Group Inc. now owns 320 shares of the company’s stock valued at $42,000 after acquiring an additional 232 shares in the last quarter. Institutional investors and hedge funds own 73.07% of the company’s stock.

PepsiCo Trading Down 0.3%

PepsiCo stock opened at $153.18 on Wednesday. The company has a 50 day moving average price of $145.82 and a 200 day moving average price of $139.39. PepsiCo, Inc. has a 52 week low of $127.60 and a 52 week high of $174.95. 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 market capitalization of $209.45 billion, a price-to-earnings ratio of 29.12, a P/E/G ratio of 3.74 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 (EPS) for the quarter, topping analysts’ consensus estimates of $2.26 by $0.03. PepsiCo had a net margin of 7.82% and a return on equity of 57.58%. The company had revenue of $23.94 billion during the quarter, compared to the consensus estimate of $23.91 billion. During the same quarter in the prior year, the firm earned $2.31 EPS. The company’s revenue was up 2.7% compared to the same quarter last year. PepsiCo has set its FY 2025 guidance at 8.120-8.120 EPS. Research analysts forecast that PepsiCo, Inc. will post 8.3 EPS for the current year.

PepsiCo Announces Dividend

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

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on the stock. JPMorgan Chase & Co. decreased their price objective on shares of PepsiCo from $157.00 to $151.00 and set a “neutral” rating for the company in a report on Monday, October 6th. Weiss Ratings restated a “hold (c)” rating on shares of PepsiCo in a report on Tuesday, October 14th. Piper Sandler raised their target price on shares of PepsiCo from $160.00 to $162.00 and gave the stock an “overweight” rating in a report on Friday, October 10th. HSBC raised their target price on shares of PepsiCo from $145.00 to $152.00 and gave the stock a “hold” rating in a report on Friday, October 10th. Finally, Deutsche Bank Aktiengesellschaft restated a “buy” rating on shares of PepsiCo in a report on Thursday, July 17th. Seven analysts have rated the stock with a Buy rating, fourteen have assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, PepsiCo currently has an average rating of “Hold” and an average price target of $156.58.

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.