Argyle Capital Management LLC Increases Holdings in PepsiCo, Inc. $PEP

Argyle Capital Management LLC lifted its position in PepsiCo, Inc. (NASDAQ:PEP) by 3.0% in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 6,800 shares of the company’s stock after purchasing an additional 200 shares during the quarter. Argyle Capital Management LLC’s holdings in PepsiCo were worth $898,000 as of its most recent SEC filing.

Several other institutional investors have also recently modified their holdings of PEP. Claris Advisors LLC MO raised its position in PepsiCo by 14.1% during the second quarter. Claris Advisors LLC MO now owns 2,490 shares of the company’s stock valued at $329,000 after acquiring an additional 308 shares in the last quarter. Foster Group Inc. raised its position in PepsiCo by 4.6% during the second quarter. Foster Group Inc. now owns 5,169 shares of the company’s stock valued at $683,000 after acquiring an additional 229 shares in the last quarter. Asset Management One Co. Ltd. raised its position in PepsiCo by 3.6% during the first quarter. Asset Management One Co. Ltd. now owns 630,906 shares of the company’s stock valued at $94,598,000 after acquiring an additional 21,859 shares in the last quarter. Ignite Planners LLC raised its position in PepsiCo by 4.2% during the first quarter. Ignite Planners LLC now owns 3,773 shares of the company’s stock valued at $566,000 after acquiring an additional 151 shares in the last quarter. Finally, Merit Financial Group LLC raised its position in PepsiCo by 46.4% during the second quarter. Merit Financial Group LLC now owns 114,344 shares of the company’s stock valued at $15,098,000 after acquiring an additional 36,239 shares in the last quarter. 73.07% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on PEP shares. Weiss Ratings reiterated a “hold (c-)” rating on shares of PepsiCo in a research report on Saturday, September 27th. Cowen reissued a “hold” rating on shares of PepsiCo in a report on Thursday, July 17th. Morgan Stanley raised their price objective 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 dropped their price objective on PepsiCo from $150.00 to $145.00 and set a “neutral” rating on the stock in a report on Friday, July 11th. Finally, Deutsche Bank Aktiengesellschaft reissued a “buy” rating on shares of PepsiCo in a report on Thursday, July 17th. 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 stock. According to data from MarketBeat.com, PepsiCo presently has a consensus rating of “Hold” and an average target price of $158.13.

PepsiCo Stock Performance

Shares of PepsiCo stock opened at $144.71 on Friday. PepsiCo, Inc. has a one year low of $127.60 and a one year high of $177.50. The company has a market cap of $198.12 billion, a price-to-earnings ratio of 26.36, a PEG ratio of 3.50 and a beta of 0.46. The company has a debt-to-equity ratio of 2.12, a quick ratio of 0.60 and a current ratio of 0.78. The business’s 50 day moving average price is $144.32 and its 200 day moving average price is $139.29.

PepsiCo (NASDAQ:PEP) last announced its quarterly earnings data on Thursday, October 9th. The company reported $2.29 EPS for the quarter, topping analysts’ consensus estimates of $2.26 by $0.03. PepsiCo had a return on equity of 57.81% and a net margin of 8.23%.The firm had revenue of $23.94 billion for the quarter, compared to the consensus estimate of $23.91 billion. During the same quarter last year, the business posted $2.31 earnings per share. The firm’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. On average, research analysts predict that PepsiCo, Inc. will post 8.3 EPS for the current year.

PepsiCo Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 30th. Investors of record on Friday, September 5th were given 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 3.9%. PepsiCo’s dividend payout ratio (DPR) is presently 103.64%.

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.