Strs Ohio Invests $82.04 Million in PepsiCo, Inc. $PEP

Strs Ohio acquired a new position in PepsiCo, Inc. (NASDAQ:PEP) in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm acquired 547,153 shares of the company’s stock, valued at approximately $82,040,000.

Other large investors have also bought and sold shares of the company. Ellsworth Advisors LLC boosted its stake in PepsiCo by 4.9% during the first quarter. Ellsworth Advisors LLC now owns 13,979 shares of the company’s stock worth $2,096,000 after acquiring an additional 655 shares in the last quarter. Intrua Financial LLC raised its stake in shares of PepsiCo by 14.5% in the first quarter. Intrua Financial LLC now owns 10,813 shares of the company’s stock worth $1,621,000 after purchasing an additional 1,370 shares during the last quarter. Jacobi Capital Management LLC lifted its stake in PepsiCo by 4.5% during the 1st quarter. Jacobi Capital Management LLC now owns 57,845 shares of the company’s stock valued at $8,673,000 after acquiring an additional 2,498 shares during the period. Advisors Capital Management LLC boosted its holdings in PepsiCo by 13.8% in the first quarter. Advisors Capital Management LLC now owns 169,237 shares of the company’s stock worth $25,376,000 after purchasing an additional 20,549 shares during the last quarter. Finally, Mattson Financial Services LLC grew its holdings in shares of PepsiCo by 2,792.0% in the first quarter. Mattson Financial Services LLC now owns 6,478 shares of the company’s stock worth $971,000 after acquiring an additional 6,254 shares during the period. 73.07% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on PEP shares. Royal Bank Of Canada reiterated a “sector perform” rating and issued a $146.00 price target on shares of PepsiCo in a research report on Wednesday, September 3rd. Morgan Stanley boosted their price target on PepsiCo from $153.00 to $165.00 and gave the company an “equal weight” rating in a report on Friday, July 18th. 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. JPMorgan Chase & Co. reduced their target price on shares of PepsiCo from $150.00 to $139.00 and set a “neutral” rating for the company in a report on Thursday, July 10th. Finally, Bank of America lowered their price target on shares of PepsiCo from $150.00 to $145.00 and set a “neutral” rating on the stock in a report on Friday, July 11th. Four investment analysts have rated the stock with a Buy rating, fourteen have issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the company has an average rating of “Hold” and an average target price of $158.60.

PepsiCo Stock Down 0.3%

Shares of PEP stock opened at $142.66 on Thursday. The company’s fifty day simple moving average is $143.47 and its two-hundred day simple moving average is $140.75. PepsiCo, Inc. has a 52 week low of $127.60 and a 52 week high of $179.43. The stock has a market cap of $195.31 billion, a P/E ratio of 25.99, a PEG ratio of 3.62 and a beta of 0.46. The company has a quick ratio of 0.60, a current ratio of 0.78 and a debt-to-equity ratio of 2.12.

PepsiCo (NASDAQ:PEP) last issued 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. The business had revenue of $22.73 billion for the quarter, compared to analysts’ expectations of $22.28 billion. PepsiCo had a return on equity of 57.81% and a net margin of 8.23%.The company’s revenue for the quarter was up 1.0% on a year-over-year basis. During the same period in the prior year, the firm earned $2.28 EPS. PepsiCo has set its FY 2025 guidance at 8.038-8.038 EPS. Analysts predict that PepsiCo, Inc. will post 8.3 EPS for the current fiscal 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 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.