Symmetry Partners LLC Has $453,000 Position in PepsiCo, Inc. $PEP

Symmetry Partners LLC lifted its stake in shares of PepsiCo, Inc. (NASDAQ:PEP) by 103.5% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,427 shares of the company’s stock after purchasing an additional 1,743 shares during the quarter. Symmetry Partners LLC’s holdings in PepsiCo were worth $453,000 at the end of the most recent reporting period.

Other hedge funds have also recently modified their holdings of the company. Nova Wealth Management Inc. bought a new position in shares of PepsiCo during the 1st quarter worth approximately $25,000. Elite Financial Inc. bought a new position in PepsiCo in the 1st quarter valued at $28,000. Legend Financial Advisors Inc. bought a new position in PepsiCo in the 2nd quarter valued at $29,000. MorganRosel Wealth Management LLC bought a new stake in shares of PepsiCo during the 1st quarter worth $55,000. Finally, Migdal Insurance & Financial Holdings Ltd. bought a new stake in shares of PepsiCo during the 1st quarter worth $58,000. Institutional investors own 73.07% of the company’s stock.

PepsiCo Price Performance

Shares of NASDAQ PEP opened at $140.44 on Friday. PepsiCo, Inc. has a 1 year low of $127.60 and a 1 year high of $177.50. 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 company’s 50-day moving average is $144.63 and its 200 day moving average is $139.65. The stock has a market capitalization of $192.27 billion, a P/E ratio of 25.58, a P/E/G ratio of 3.54 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 for the quarter, topping analysts’ consensus estimates 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 net margin of 8.23% and a return on equity of 57.81%. The business’s revenue was up 1.0% compared to the same quarter last year. During the same quarter in the prior year, the company earned $2.28 earnings per share. PepsiCo has set its FY 2025 guidance at 8.038-8.038 EPS. On average, sell-side analysts expect that PepsiCo, Inc. will post 8.3 earnings per share for the current 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 issued a dividend of $1.4225 per share. The ex-dividend date is Friday, September 5th. This represents a $5.69 dividend on an annualized basis and a dividend yield of 4.1%. PepsiCo’s dividend payout ratio is presently 103.64%.

Analysts Set New Price Targets

PEP has been the subject of a number of research analyst reports. Wells Fargo & Company dropped their price objective on shares of PepsiCo from $154.00 to $150.00 and set an “equal weight” rating for the company in a report on Thursday. Cowen reaffirmed a “hold” rating on shares of PepsiCo in a report on Thursday, July 17th. Royal Bank Of Canada dropped their price objective on shares of PepsiCo from $146.00 to $145.00 and set a “sector perform” rating for the company in a report on Monday, September 15th. Citigroup lowered their price target on shares of PepsiCo from $168.00 to $165.00 and set a “buy” rating for the company in a research note on Thursday. Finally, Morgan Stanley boosted their price target on shares of PepsiCo from $153.00 to $165.00 and gave the stock an “equal weight” rating in a research note on Friday, July 18th. Four equities research analysts have rated the stock with a Buy rating, fourteen have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $158.13.

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.