Oak Harvest Investment Services Boosts Stake in PepsiCo, Inc. $PEP

Oak Harvest Investment Services lifted its position in shares of PepsiCo, Inc. (NASDAQ:PEP) by 3.7% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 41,421 shares of the company’s stock after acquiring an additional 1,489 shares during the quarter. Oak Harvest Investment Services’ holdings in PepsiCo were worth $6,211,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of the company. Brighton Jones LLC lifted its stake in PepsiCo by 12.4% in the 4th quarter. Brighton Jones LLC now owns 59,392 shares of the company’s stock valued at $9,031,000 after buying an additional 6,574 shares in the last quarter. Bank Pictet & Cie Europe AG lifted its stake in PepsiCo by 2.5% in the 4th quarter. Bank Pictet & Cie Europe AG now owns 470,387 shares of the company’s stock valued at $71,527,000 after buying an additional 11,538 shares in the last quarter. Topsail Wealth Management LLC purchased a new position in PepsiCo in the 4th quarter valued at about $215,000. Voya Financial Advisors Inc. lifted its stake in PepsiCo by 12.2% in the 4th quarter. Voya Financial Advisors Inc. now owns 3,577 shares of the company’s stock valued at $543,000 after buying an additional 388 shares in the last quarter. Finally, Three Seasons Wealth LLC purchased a new position in PepsiCo in the 4th quarter valued at about $236,000. 73.07% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on PEP. Dbs Bank lowered shares of PepsiCo from a “strong-buy” rating to a “hold” rating in a research note on Friday, May 9th. Cowen reaffirmed a “hold” rating on shares of PepsiCo in a research note on Thursday, July 17th. 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 research note on Friday, July 18th. Bank of America decreased their target price on shares of PepsiCo from $150.00 to $145.00 and set a “neutral” rating on the stock in a research note on Friday, July 11th. Finally, Citigroup raised their target price on shares of PepsiCo from $160.00 to $168.00 and gave the stock a “buy” rating in a research note on Friday, July 18th. Four equities research analysts have rated the stock with a Buy rating, fourteen have given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, PepsiCo presently has an average rating of “Hold” and an average target price of $158.73.

PepsiCo Trading Up 0.4%

PEP opened at $149.64 on Friday. The company’s 50 day simple moving average is $139.32 and its two-hundred day simple moving average is $140.63. The firm has a market capitalization of $204.87 billion, a price-to-earnings ratio of 27.26, a price-to-earnings-growth ratio of 3.99 and a beta of 0.45. The company has a debt-to-equity ratio of 2.12, a current ratio of 0.78 and a quick ratio of 0.60. PepsiCo, Inc. has a 1-year low of $127.60 and a 1-year high of $179.73.

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

PepsiCo Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, September 30th. Stockholders 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 3.8%. PepsiCo’s dividend payout ratio (DPR) is currently 103.64%.

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.