Intrua Financial LLC Purchases 1,370 Shares of PepsiCo, Inc. $PEP

Intrua Financial LLC grew its position in shares of PepsiCo, Inc. (NASDAQ:PEP) by 14.5% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 10,813 shares of the company’s stock after purchasing an additional 1,370 shares during the quarter. Intrua Financial LLC’s holdings in PepsiCo were worth $1,621,000 as of its most recent SEC filing.

Other hedge funds also recently bought and sold shares of the company. Elite Financial Inc. bought a new position in PepsiCo during the first quarter valued at approximately $28,000. Measured Risk Portfolios Inc. purchased a new stake in shares of PepsiCo in the 4th quarter valued at $31,000. Sunbeam Capital Management LLC purchased a new position in PepsiCo in the 4th quarter worth $47,000. MorganRosel Wealth Management LLC purchased a new position in PepsiCo in the 1st quarter worth $55,000. Finally, Migdal Insurance & Financial Holdings Ltd. purchased a new stake in PepsiCo during the first quarter valued at about $58,000. Institutional investors own 73.07% of the company’s stock.

Analyst Ratings Changes

PEP has been the topic of several analyst reports. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating on shares of PepsiCo in a report on Thursday, July 17th. Citigroup raised their price target on PepsiCo from $160.00 to $168.00 and gave the stock a “buy” rating in a research report on Friday, July 18th. Barclays boosted their price objective on PepsiCo from $132.00 to $144.00 and gave the company an “equal weight” rating in a research report on Monday, July 21st. Morgan Stanley raised their target price on shares of PepsiCo from $153.00 to $165.00 and gave the stock an “equal weight” rating in a report on Friday, July 18th. Finally, JPMorgan Chase & Co. lowered their price target on shares of PepsiCo from $150.00 to $139.00 and set a “neutral” rating for the company in a report on Thursday, July 10th. Four analysts have rated the stock with a Buy rating, fourteen have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, PepsiCo presently has an average rating of “Hold” and a consensus price target of $158.60.

PepsiCo Stock Down 0.3%

Shares of NASDAQ PEP opened at $142.66 on Thursday. The firm has a fifty day simple moving average of $143.47 and a two-hundred day simple moving average of $140.75. PepsiCo, Inc. has a 12 month low of $127.60 and a 12 month high of $179.43. 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 capitalization of $195.31 billion, a PE ratio of 25.99, a price-to-earnings-growth ratio of 3.62 and a beta of 0.46.

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

PepsiCo Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 30th. Shareholders of record on Friday, September 5th will be issued a dividend of $1.4225 per share. The ex-dividend date is Friday, September 5th. This represents a $5.69 dividend on an annualized basis and a dividend yield of 4.0%. PepsiCo’s dividend payout ratio is 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.