Bill Few Associates Inc. Increases Holdings in PepsiCo, Inc. $PEP

Bill Few Associates Inc. lifted its position in PepsiCo, Inc. (NASDAQ:PEP) by 2.2% in the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 26,285 shares of the company’s stock after purchasing an additional 564 shares during the period. Bill Few Associates Inc.’s holdings in PepsiCo were worth $3,471,000 at the end of the most recent quarter.

A number of other large investors have also recently modified their holdings of PEP. Nuveen LLC purchased a new stake in shares of PepsiCo in the first quarter valued at approximately $946,978,000. Kingstone Capital Partners Texas LLC purchased a new stake in shares of PepsiCo in the second quarter valued at approximately $460,110,000. Vanguard Group Inc. boosted its holdings in shares of PepsiCo by 1.4% in the first quarter. Vanguard Group Inc. now owns 135,174,252 shares of the company’s stock valued at $20,268,027,000 after purchasing an additional 1,802,748 shares during the period. Charles Schwab Investment Management Inc. boosted its holdings in shares of PepsiCo by 5.0% in the first quarter. Charles Schwab Investment Management Inc. now owns 26,475,241 shares of the company’s stock valued at $3,969,698,000 after purchasing an additional 1,258,198 shares during the period. Finally, Deutsche Bank AG lifted its holdings in PepsiCo by 14.3% during the first quarter. Deutsche Bank AG now owns 9,296,022 shares of the company’s stock worth $1,393,846,000 after buying an additional 1,165,745 shares during the period. Hedge funds and other institutional investors own 73.07% of the company’s stock.

Analyst Ratings Changes

A number of analysts have weighed in on the company. Barclays upped their target price on PepsiCo from $140.00 to $142.00 and gave the stock an “equal weight” rating in a report on Friday. Wells Fargo & Company upped their target price on PepsiCo from $150.00 to $154.00 and gave the stock a “positive” rating in a report on Friday. Bank of America upped their target price on PepsiCo from $150.00 to $155.00 and gave the stock a “neutral” rating in a report on Friday. Cowen restated a “hold” rating on shares of PepsiCo in a report on Thursday, July 17th. Finally, BNP Paribas Exane lowered their target price on PepsiCo from $152.00 to $150.00 and set a “neutral” rating for the company in a report on Monday, October 6th. Five research analysts have rated the stock with a Buy rating and fourteen have issued a Hold rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $157.75.

PepsiCo Stock Up 3.7%

PepsiCo stock opened at $150.08 on Monday. The company has a debt-to-equity ratio of 2.26, a current ratio of 0.91 and a quick ratio of 0.72. The stock has a market capitalization of $205.47 billion, a price-to-earnings ratio of 28.53, a PEG ratio of 3.75 and a beta of 0.46. PepsiCo, Inc. has a 1-year low of $127.60 and a 1-year high of $177.50. The business has a fifty day moving average price of $144.53 and a 200-day moving average price of $139.19.

PepsiCo (NASDAQ:PEP) last posted its quarterly earnings data on Thursday, October 9th. The company reported $2.29 earnings per share for the quarter, topping analysts’ consensus estimates of $2.26 by $0.03. The firm had revenue of $23.94 billion during the quarter, compared to analysts’ expectations of $23.91 billion. PepsiCo had a return on equity of 57.58% and a net margin of 7.82%.The business’s quarterly revenue was up 2.7% on a year-over-year basis. During the same quarter last year, the firm earned $2.31 EPS. PepsiCo has set its FY 2025 guidance at 8.120-8.120 EPS. Equities research analysts forecast that PepsiCo, Inc. will post 8.3 EPS for the current fiscal year.

PepsiCo Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, September 30th. Investors of record on Friday, September 5th were paid a $1.4225 dividend. The ex-dividend date was Friday, September 5th. This represents a $5.69 dividend on an annualized basis and a yield of 3.8%. PepsiCo’s dividend payout ratio (DPR) is 108.17%.

About PepsiCo

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.