Oarsman Capital Inc. Purchases 987 Shares of PepsiCo, Inc. $PEP

Oarsman Capital Inc. boosted its position in shares of PepsiCo, Inc. (NASDAQ:PEP) by 10.1% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 10,794 shares of the company’s stock after purchasing an additional 987 shares during the period. Oarsman Capital Inc.’s holdings in PepsiCo were worth $1,618,000 at the end of the most recent reporting period.

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

PepsiCo Stock Up 0.4%

Shares of PEP opened at $147.64 on Thursday. PepsiCo, Inc. has a one year low of $127.60 and a one year high of $179.73. The company has a market cap of $202.13 billion, a P/E ratio of 26.89, a P/E/G ratio of 3.92 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. The firm has a 50 day simple moving average of $140.38 and a two-hundred day simple moving average of $140.71.

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 the consensus estimate of $2.03 by $0.09. The company 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 company’s revenue for the quarter was up 1.0% compared to the same quarter last year. During the same period in the prior year, the business earned $2.28 earnings per share. PepsiCo has set its FY 2025 guidance at 8.038-8.038 EPS. Research analysts forecast that PepsiCo, Inc. will post 8.3 EPS for the current fiscal year.

PepsiCo Dividend Announcement

The business 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 annualized dividend and a dividend yield of 3.9%. PepsiCo’s dividend payout ratio is 103.64%.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on PEP shares. Cowen restated a “hold” rating on shares of PepsiCo in a report on Thursday, July 17th. Wells Fargo & Company boosted their price objective on PepsiCo from $140.00 to $154.00 and gave the stock an “equal weight” rating in a report on Friday, July 18th. JPMorgan Chase & Co. reduced their price objective on PepsiCo from $150.00 to $139.00 and set a “neutral” rating for the company in a report on Thursday, July 10th. Morgan Stanley lifted their price target on shares of PepsiCo from $153.00 to $165.00 and gave the company an “equal weight” rating in a research report on Friday, July 18th. Finally, Bank of America dropped their price target on shares of PepsiCo from $150.00 to $145.00 and set a “neutral” rating for the company in a research report on Friday, July 11th. Four investment analysts have rated the stock with a Buy rating, fourteen have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $158.73.

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.