PepsiCo, Inc. $PEP Shares Acquired by Ellsworth Advisors LLC

Ellsworth Advisors LLC grew its stake in PepsiCo, Inc. (NASDAQ:PEP) by 4.9% in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 13,979 shares of the company’s stock after buying an additional 655 shares during the quarter. Ellsworth Advisors LLC’s holdings in PepsiCo were worth $2,096,000 as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of PEP. Brighton Jones LLC raised its holdings in PepsiCo by 12.4% in the 4th quarter. Brighton Jones LLC now owns 59,392 shares of the company’s stock worth $9,031,000 after purchasing an additional 6,574 shares during the period. Bank Pictet & Cie Europe AG raised its holdings in PepsiCo by 2.5% in the 4th quarter. Bank Pictet & Cie Europe AG now owns 470,387 shares of the company’s stock worth $71,527,000 after purchasing an additional 11,538 shares during the period. Janus Henderson Group PLC raised its holdings in PepsiCo by 0.7% in the 4th quarter. Janus Henderson Group PLC now owns 352,517 shares of the company’s stock worth $53,602,000 after purchasing an additional 2,292 shares during the period. Lighthouse Investment Partners LLC acquired a new position in PepsiCo in the 4th quarter worth about $991,000. Finally, Measured Risk Portfolios Inc. acquired a new position in PepsiCo in the 4th quarter worth about $31,000. Institutional investors and hedge funds own 73.07% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have commented on the company. Barclays boosted 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. Royal Bank Of Canada reiterated a “sector perform” rating and set a $146.00 price objective on shares of PepsiCo in a research note on Wednesday, September 3rd. Citigroup boosted 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. Bank of America cut their price objective on PepsiCo from $150.00 to $145.00 and set a “neutral” rating for the company in a research note on Friday, July 11th. Finally, JPMorgan Chase & Co. cut their price objective on PepsiCo from $150.00 to $139.00 and set a “neutral” rating for the company in a research note on Thursday, July 10th. Four analysts have rated the stock with a Buy rating, fourteen have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $158.60.

PepsiCo Price Performance

PEP stock opened at $142.66 on Thursday. The company has a debt-to-equity ratio of 2.12, a current ratio of 0.78 and a quick ratio of 0.60. The business has a 50 day simple moving average of $143.47 and a 200-day simple moving average of $140.75. The firm has a market capitalization of $195.31 billion, a PE ratio of 25.99, a price-to-earnings-growth ratio of 3.62 and a beta of 0.46. PepsiCo, Inc. has a 1 year low of $127.60 and a 1 year high of $179.43.

PepsiCo (NASDAQ:PEP) last posted its quarterly earnings results on Thursday, July 17th. The company reported $2.12 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.03 by $0.09. The business had revenue of $22.73 billion during the quarter, compared to analyst estimates of $22.28 billion. PepsiCo had a return on equity of 57.81% and a net margin of 8.23%.The business’s revenue was up 1.0% compared to the same quarter last year. During the same period in the prior year, the business earned $2.28 earnings per share. PepsiCo has set its FY 2025 guidance at 8.038-8.038 EPS. Equities research analysts anticipate 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 will be paid on Tuesday, September 30th. Stockholders of record on Friday, September 5th will be given a $1.4225 dividend. The ex-dividend date is Friday, September 5th. This represents a $5.69 dividend on an annualized basis and a dividend yield of 4.0%. PepsiCo’s dividend payout ratio is 103.64%.

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.