1,391 Shares in PepsiCo, Inc. $PEP Acquired by Alaethes Wealth LLC

by · The Markets Daily

Alaethes Wealth LLC purchased a new position in shares of PepsiCo, Inc. (NASDAQ:PEP – Free Report) in the 1st quarter, according to its most recent Form 13F filing with the SEC. The firm purchased 1,391 shares of the company’s stock, valued at approximately $209,000.

Several other hedge funds have also added to or reduced their stakes in the company. SCS Capital Management LLC acquired a new stake in PepsiCo during the 1st quarter worth approximately $1,596,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its holdings in PepsiCo by 1.8% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 11,525,812 shares of the company’s stock worth $1,728,180,000 after purchasing an additional 208,292 shares during the last quarter. Optimize Financial Inc lifted its holdings in PepsiCo by 14.0% during the 1st quarter. Optimize Financial Inc now owns 3,062 shares of the company’s stock worth $459,000 after purchasing an additional 377 shares during the last quarter. Woodline Partners LP lifted its holdings in PepsiCo by 58.2% during the 1st quarter. Woodline Partners LP now owns 101,061 shares of the company’s stock worth $15,153,000 after purchasing an additional 37,164 shares during the last quarter. Finally, Empowered Funds LLC lifted its holdings in PepsiCo by 15.8% during the 1st quarter. Empowered Funds LLC now owns 160,973 shares of the company’s stock worth $24,136,000 after purchasing an additional 22,010 shares during the last quarter. 73.07% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

PEP has been the topic of a number of recent research reports. Barclays raised their price objective on PepsiCo from $132.00 to $144.00 and gave the stock an “equal weight” rating in a research note on Monday, July 21st. Wells Fargo & Company raised their price objective on PepsiCo from $140.00 to $154.00 and gave the stock an “equal weight” rating in a research note on Friday, July 18th. JPMorgan Chase & Co. lowered their price objective on PepsiCo from $150.00 to $139.00 and set a “neutral” rating on the stock in a research note on Thursday, July 10th. Deutsche Bank Aktiengesellschaft restated a “buy” rating on shares of PepsiCo in a research note on Thursday, July 17th. Finally, Citigroup raised their price objective on PepsiCo from $160.00 to $168.00 and gave the stock a “buy” rating in a research note on Friday, July 18th. Four research analysts have rated the stock with a Buy rating, fourteen have given a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $158.60.

Check Out Our Latest Research Report on PEP

PepsiCo Trading Down 3.2%

Shares of PEP opened at $141.71 on Tuesday. PepsiCo, Inc. has a 52-week low of $127.60 and a 52-week high of $179.43. The business’s fifty day moving average is $143.19 and its 200-day moving average is $140.72. The company has a debt-to-equity ratio of 2.12, a quick ratio of 0.60 and a current ratio of 0.78. The firm has a market cap of $194.01 billion, a price-to-earnings ratio of 25.81, a PEG ratio of 3.70 and a beta of 0.46.

PepsiCo (NASDAQ:PEP – Get Free Report) last issued its quarterly earnings results on Thursday, July 17th. The company reported $2.12 earnings per share (EPS) for the quarter, beating the consensus estimate 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 analyst estimates of $22.28 billion. During the same quarter last year, the company posted $2.28 EPS. The company’s revenue for the quarter was up 1.0% compared to the same quarter last year. PepsiCo has set its FY 2025 guidance at 8.038-8.038 EPS. Equities analysts anticipate that PepsiCo, Inc. will post 8.3 EPS for the current fiscal year.

PepsiCo Dividend Announcement

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

PepsiCo Profile

(Free Report)

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.

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