Trust Co. of Oklahoma Increases Position in PepsiCo, Inc. $PEP

Trust Co. of Oklahoma lifted its position in shares of PepsiCo, Inc. (NASDAQ:PEP) by 0.9% during the second quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 27,487 shares of the company’s stock after buying an additional 258 shares during the quarter. PepsiCo makes up 1.2% of Trust Co. of Oklahoma’s holdings, making the stock its 22nd largest holding. Trust Co. of Oklahoma’s holdings in PepsiCo were worth $3,629,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also bought and sold shares of the company. Legacy Financial Group LLC grew its position in shares of PepsiCo by 4.9% during the first quarter. Legacy Financial Group LLC now owns 1,514 shares of the company’s stock worth $227,000 after purchasing an additional 71 shares in the last quarter. Centurion Wealth Management LLC raised its position in shares of PepsiCo by 3.8% during the second quarter. Centurion Wealth Management LLC now owns 2,068 shares of the company’s stock valued at $273,000 after buying an additional 75 shares during the last quarter. Pflug Koory LLC lifted its holdings in shares of PepsiCo by 1.0% in the first quarter. Pflug Koory LLC now owns 7,750 shares of the company’s stock worth $1,162,000 after buying an additional 76 shares in the last quarter. Hoge Financial Services LLC grew its stake in PepsiCo by 2.1% during the first quarter. Hoge Financial Services LLC now owns 3,633 shares of the company’s stock valued at $545,000 after acquiring an additional 76 shares in the last quarter. Finally, Members Trust Co increased its holdings in PepsiCo by 1.3% in the 1st quarter. Members Trust Co now owns 5,941 shares of the company’s stock valued at $891,000 after acquiring an additional 77 shares during the last quarter. 73.07% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on PEP shares. Bank of America reduced their target price on PepsiCo from $150.00 to $145.00 and set a “neutral” rating on the stock in a report on Friday, July 11th. UBS Group decreased their price objective on PepsiCo from $175.00 to $170.00 and set a “buy” rating on the stock in a report on Thursday. Barclays raised their target price on shares of PepsiCo from $132.00 to $144.00 and gave the company an “equal weight” rating in a report on Monday, July 21st. Cowen reaffirmed a “hold” rating on shares of PepsiCo in a research note on Thursday, July 17th. Finally, Citigroup lifted their price objective 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 investment analysts have rated the stock with a Buy rating, fourteen have given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $158.67.

PepsiCo Price Performance

PepsiCo stock opened at $143.53 on Friday. PepsiCo, Inc. has a 12-month low of $127.60 and a 12-month high of $179.43. The company has a current ratio of 0.78, a quick ratio of 0.60 and a debt-to-equity ratio of 2.12. The firm has a 50-day moving average price of $143.81 and a 200-day moving average price of $140.52. The firm has a market capitalization of $196.50 billion, a PE ratio of 26.14, a price-to-earnings-growth ratio of 3.65 and a beta of 0.46.

PepsiCo (NASDAQ:PEP) last announced its quarterly earnings data 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. PepsiCo had a net margin of 8.23% and a return on equity of 57.81%. The business had revenue of $22.73 billion during the quarter, compared to the consensus estimate of $22.28 billion. During the same quarter last year, the firm earned $2.28 earnings per share. The firm’s quarterly 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. As a group, equities research analysts forecast that PepsiCo, Inc. will post 8.3 EPS for the current year.

PepsiCo Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 30th. Stockholders of record on Friday, September 5th will be given a dividend of $1.4225 per share. This represents a $5.69 annualized dividend and a dividend yield of 4.0%. The ex-dividend date is Friday, September 5th. PepsiCo’s dividend payout ratio (DPR) is 103.64%.

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.