Bruce G. Allen Investments LLC Increases Stock Position in PepsiCo, Inc. $PEP

Bruce G. Allen Investments LLC grew its stake in shares of PepsiCo, Inc. (NASDAQ:PEP) by 39.3% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 1,492 shares of the company’s stock after acquiring an additional 421 shares during the quarter. Bruce G. Allen Investments LLC’s holdings in PepsiCo were worth $197,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Vanguard Group Inc. boosted its holdings in shares of PepsiCo by 1.4% in the first 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. boosted its holdings in shares of PepsiCo by 5.0% in the first 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 boosted its holdings in shares of PepsiCo by 0.4% in the first 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 boosted its holdings in shares of PepsiCo by 1.8% in the first 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. boosted its holdings in shares of PepsiCo by 4.5% in the first 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. Hedge funds and other institutional investors own 73.07% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have weighed in on PEP shares. Wells Fargo & Company lifted their price target on shares of PepsiCo from $140.00 to $154.00 and gave the company an “equal weight” rating in a report on Friday, July 18th. JPMorgan Chase & Co. lowered their price target on shares of PepsiCo from $150.00 to $139.00 and set a “neutral” rating on the stock in a report on Thursday, July 10th. UBS Group lowered their price target on shares of PepsiCo from $175.00 to $170.00 and set a “buy” rating on the stock in a report on Thursday, September 11th. Barclays lifted their price target on shares of PepsiCo from $132.00 to $144.00 and gave the company an “equal weight” rating in a report on Monday, July 21st. Finally, Citigroup lifted their price target on shares of PepsiCo from $160.00 to $168.00 and gave the company a “buy” rating in a report on Friday, July 18th. Four investment analysts have rated the stock with a Buy rating, fourteen have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, PepsiCo has an average rating of “Hold” and a consensus price target of $158.67.

PepsiCo Trading Down 0.4%

Shares of PEP opened at $140.03 on Wednesday. The company’s fifty day moving average is $144.03 and its 200 day moving average is $140.35. PepsiCo, Inc. has a fifty-two week low of $127.60 and a fifty-two week high of $178.09. The stock has a market capitalization of $191.71 billion, a PE ratio of 25.51, a P/E/G ratio of 3.56 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.

PepsiCo (NASDAQ:PEP) last posted its quarterly earnings data on Thursday, July 17th. The company reported $2.12 EPS for the quarter, topping the consensus estimate of $2.03 by $0.09. The company had revenue of $22.73 billion during the quarter, compared to analyst estimates of $22.28 billion. PepsiCo had a net margin of 8.23% and a return on equity of 57.81%. PepsiCo’s quarterly revenue was up 1.0% compared to the same quarter last year. During the same period in the previous year, the firm earned $2.28 earnings per share. PepsiCo has set its FY 2025 guidance at 8.038-8.038 EPS. Sell-side analysts expect that PepsiCo, Inc. will post 8.3 earnings per share for the current fiscal year.

PepsiCo Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, September 30th. Stockholders of record on Friday, September 5th will be paid a dividend of $1.4225 per share. This represents a $5.69 dividend on an annualized basis and a dividend yield of 4.1%. The ex-dividend date of this dividend is Friday, September 5th. PepsiCo’s payout ratio is currently 103.64%.

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.