Pallas Capital Advisors LLC Grows Stock Position in PepsiCo, Inc. $PEP

Pallas Capital Advisors LLC boosted its position in PepsiCo, Inc. (NASDAQ:PEP) by 94.3% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 18,801 shares of the company’s stock after buying an additional 9,123 shares during the quarter. Pallas Capital Advisors LLC’s holdings in PepsiCo were worth $2,483,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also bought and sold shares of the company. Nova Wealth Management Inc. purchased a new position in shares of PepsiCo in the first quarter valued at $25,000. Elite Financial Inc. purchased a new position in shares of PepsiCo in the first quarter valued at $28,000. Sunbeam Capital Management LLC purchased a new position in shares of PepsiCo in the fourth quarter valued at $47,000. MorganRosel Wealth Management LLC purchased a new position in shares of PepsiCo in the first quarter valued at $55,000. Finally, Migdal Insurance & Financial Holdings Ltd. purchased a new position in shares of PepsiCo in the first quarter valued at $58,000. 73.07% of the stock is owned by hedge funds and other institutional investors.

PepsiCo Stock Up 0.9%

Shares of NASDAQ:PEP opened at $141.23 on Thursday. PepsiCo, Inc. has a 1 year low of $127.60 and a 1 year high of $178.06. The company has a market cap of $193.36 billion, a PE ratio of 25.72, a P/E/G ratio of 3.54 and a beta of 0.46. 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 stock’s 50-day moving average is $144.16 and its 200 day moving average is $140.36.

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, beating analysts’ consensus estimates of $2.03 by $0.09. PepsiCo had a return on equity of 57.81% and a net margin of 8.23%.The company had revenue of $22.73 billion for the quarter, compared to the consensus estimate of $22.28 billion. During the same quarter in the previous year, the business earned $2.28 EPS. PepsiCo’s revenue was up 1.0% compared to the same quarter last year. PepsiCo has set its FY 2025 guidance at 8.038-8.038 EPS. Sell-side analysts anticipate that PepsiCo, Inc. will post 8.3 EPS 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%.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on the company. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating on shares of PepsiCo in a research report on Thursday, July 17th. JPMorgan Chase & Co. reduced their target price on PepsiCo from $150.00 to $139.00 and set a “neutral” rating for the company in a research report on Thursday, July 10th. Royal Bank Of Canada reduced their target price on PepsiCo from $146.00 to $145.00 and set a “sector perform” rating for the company in a research report on Monday. Bank of America reduced their target price on PepsiCo from $150.00 to $145.00 and set a “neutral” rating for the company in a research report on Friday, July 11th. Finally, UBS Group reduced their target price on PepsiCo from $175.00 to $170.00 and set a “buy” rating for the company in a research report on Thursday, September 11th. Four 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. According to data from MarketBeat.com, PepsiCo presently has a consensus rating of “Hold” and a consensus price target of $158.60.

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.