PepsiCo, Inc. $PEP Shares Acquired by Bull Street Advisors LLC

Bull Street Advisors LLC raised its stake in shares of PepsiCo, Inc. (NASDAQ:PEP) by 0.4% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 19,902 shares of the company’s stock after purchasing an additional 74 shares during the quarter. Bull Street Advisors LLC’s holdings in PepsiCo were worth $2,628,000 at the end of the most recent reporting period.

Other hedge funds have also bought and sold shares of the company. Claris Advisors LLC MO boosted its holdings in shares of PepsiCo by 14.1% in the 2nd quarter. Claris Advisors LLC MO now owns 2,490 shares of the company’s stock valued at $329,000 after acquiring an additional 308 shares during the last quarter. Foster Group Inc. boosted its holdings in shares of PepsiCo by 4.6% in the 2nd quarter. Foster Group Inc. now owns 5,169 shares of the company’s stock valued at $683,000 after acquiring an additional 229 shares during the last quarter. Asset Management One Co. Ltd. boosted its holdings in shares of PepsiCo by 3.6% in the 1st quarter. Asset Management One Co. Ltd. now owns 630,906 shares of the company’s stock valued at $94,598,000 after acquiring an additional 21,859 shares during the last quarter. Ignite Planners LLC boosted its holdings in shares of PepsiCo by 4.2% in the 1st quarter. Ignite Planners LLC now owns 3,773 shares of the company’s stock valued at $566,000 after acquiring an additional 151 shares during the last quarter. Finally, Merit Financial Group LLC boosted its holdings in shares of PepsiCo by 46.4% in the 2nd quarter. Merit Financial Group LLC now owns 114,344 shares of the company’s stock valued at $15,098,000 after acquiring an additional 36,239 shares during the last quarter. Institutional investors and hedge funds own 73.07% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on the stock. Bank of America increased their price target on shares of PepsiCo from $150.00 to $155.00 and gave the stock a “neutral” rating in a report on Friday. Royal Bank Of Canada lowered their price target on shares of PepsiCo from $146.00 to $145.00 and set a “sector perform” rating on the stock in a report on Monday, September 15th. Wells Fargo & Company increased their price target on shares of PepsiCo from $150.00 to $154.00 and gave the stock a “positive” rating in a report on Friday. Barclays increased their price target on shares of PepsiCo from $140.00 to $142.00 and gave the stock an “equal weight” rating in a report on Friday. Finally, Piper Sandler increased their price target on shares of PepsiCo from $160.00 to $162.00 and gave the stock an “overweight” rating in a report on Friday. Five analysts have rated the stock with a Buy rating and fourteen have assigned a Hold rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $158.88.

PepsiCo Price Performance

Shares of NASDAQ PEP opened at $150.08 on Friday. The firm has a 50-day simple moving average of $144.53 and a 200-day simple moving average of $139.26. The stock has a market capitalization of $205.47 billion, a price-to-earnings ratio of 28.53, a price-to-earnings-growth ratio of 3.76 and a beta of 0.46. The company has a quick ratio of 0.60, a current ratio of 0.78 and a debt-to-equity ratio of 2.12. PepsiCo, Inc. has a 52 week low of $127.60 and a 52 week high of $177.50.

PepsiCo (NASDAQ:PEP) last issued its earnings results on Thursday, October 9th. The company reported $2.29 EPS for the quarter, beating analysts’ consensus estimates of $2.26 by $0.03. The business had revenue of $23.94 billion during the quarter, compared to analysts’ expectations of $23.91 billion. PepsiCo had a net margin of 7.82% and a return on equity of 58.46%. The company’s quarterly revenue was up 2.7% compared to the same quarter last year. During the same period in the prior year, the business earned $2.31 earnings per share. PepsiCo has set its FY 2025 guidance at 8.120-8.120 EPS. On average, equities analysts predict that PepsiCo, Inc. will post 8.3 earnings per share for the current fiscal year.

PepsiCo Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, September 30th. Stockholders of record on Friday, September 5th were given a $1.4225 dividend. This represents a $5.69 dividend on an annualized basis and a dividend yield of 3.8%. The ex-dividend date was Friday, September 5th. PepsiCo’s dividend payout ratio is 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.