PepsiCo, Inc. $PEP Shares Acquired by Lmcg Investments LLC

Lmcg Investments LLC lifted its position in shares of PepsiCo, Inc. (NASDAQ:PEP) by 5.9% in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 24,962 shares of the company’s stock after buying an additional 1,400 shares during the period. Lmcg Investments LLC’s holdings in PepsiCo were worth $3,296,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in PEP. Brighton Jones LLC increased its holdings in shares of PepsiCo by 12.4% during the 4th quarter. Brighton Jones LLC now owns 59,392 shares of the company’s stock worth $9,031,000 after buying an additional 6,574 shares during the last quarter. GAMMA Investing LLC increased its holdings in PepsiCo by 28.1% in the 1st quarter. GAMMA Investing LLC now owns 30,603 shares of the company’s stock valued at $4,589,000 after purchasing an additional 6,712 shares in the last quarter. Simon Quick Advisors LLC increased its holdings in PepsiCo by 41.8% in the 1st quarter. Simon Quick Advisors LLC now owns 8,512 shares of the company’s stock valued at $1,276,000 after purchasing an additional 2,508 shares in the last quarter. Ballew Advisors Inc acquired a new stake in PepsiCo in the 1st quarter valued at $857,000. Finally, Rockland Trust Co. increased its holdings in PepsiCo by 9.2% in the 1st quarter. Rockland Trust Co. now owns 310,790 shares of the company’s stock valued at $46,600,000 after purchasing an additional 26,173 shares in the last quarter. 73.07% of the stock is currently owned by institutional investors and hedge funds.

PepsiCo Stock Performance

NASDAQ:PEP opened at $150.08 on Friday. 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 $177.50. The firm has a 50-day moving average of $144.53 and a two-hundred day moving average of $139.32. The stock has a market cap of $205.47 billion, a P/E ratio of 28.53, a PEG ratio of 3.62 and a beta of 0.46.

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

PepsiCo Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, September 30th. Stockholders of record on Friday, September 5th were given a dividend of $1.4225 per share. The ex-dividend date of this dividend was Friday, September 5th. This represents a $5.69 annualized dividend and a dividend yield of 3.8%. PepsiCo’s dividend payout ratio (DPR) is presently 103.64%.

Analyst Ratings Changes

Several analysts recently issued reports on PEP shares. Weiss Ratings reiterated a “hold (c-)” rating on shares of PepsiCo in a report on Saturday, September 27th. Cowen reiterated a “hold” rating on shares of PepsiCo in a report on Thursday, July 17th. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating on shares of PepsiCo in a report on Thursday, July 17th. Royal Bank Of Canada lowered their price target on PepsiCo from $146.00 to $145.00 and set a “sector perform” rating for the company in a report on Monday, September 15th. Finally, JPMorgan Chase & Co. decreased their price objective on shares of PepsiCo from $157.00 to $151.00 and set a “neutral” rating for the company in a research report on Monday, October 6th. Five research analysts have rated the stock with a Buy rating and fourteen have given a Hold rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $158.25.

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.