Stephens Inc. AR Has $17.76 Million Holdings in PepsiCo, Inc. $PEP

Stephens Inc. AR increased its holdings in shares of PepsiCo, Inc. (NASDAQ:PEP) by 6.0% during the second quarter, Holdings Channel reports. The fund owned 134,483 shares of the company’s stock after acquiring an additional 7,608 shares during the quarter. Stephens Inc. AR’s holdings in PepsiCo were worth $17,757,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. 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 valued at $9,031,000 after acquiring an additional 6,574 shares during the period. GAMMA Investing LLC increased its stake in shares of PepsiCo by 28.1% during the first quarter. GAMMA Investing LLC now owns 30,603 shares of the company’s stock worth $4,589,000 after purchasing an additional 6,712 shares during the period. Advisor Resource Council acquired a new stake in PepsiCo during the 1st quarter worth approximately $819,000. GAM Holding AG grew its holdings in PepsiCo by 62.3% in the 1st quarter. GAM Holding AG now owns 11,413 shares of the company’s stock valued at $1,711,000 after buying an additional 4,383 shares in the last quarter. Finally, Cullinan Associates Inc. increased its position in PepsiCo by 4.2% during the 1st quarter. Cullinan Associates Inc. now owns 27,493 shares of the company’s stock worth $4,122,000 after buying an additional 1,100 shares during the period. 73.07% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

PEP has been the subject of several analyst reports. HSBC lifted their price objective on shares of PepsiCo from $145.00 to $152.00 and gave the stock a “hold” rating in a research note on Friday, October 10th. Morgan Stanley raised their price objective on PepsiCo from $153.00 to $165.00 and gave the stock an “equal weight” rating in a research note on Friday, July 18th. Citigroup reduced their target price on PepsiCo from $168.00 to $165.00 and set a “buy” rating on the stock in a report on Thursday, September 25th. Royal Bank Of Canada dropped their price target on PepsiCo from $146.00 to $145.00 and set a “sector perform” rating for the company in a research note on Monday, September 15th. Finally, Jefferies Financial Group raised their target price on shares of PepsiCo from $161.00 to $163.00 and gave the company a “hold” rating in a report on Friday, October 10th. Six research analysts have rated the stock with a Buy rating, fourteen have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $156.00.

PepsiCo Price Performance

PepsiCo stock opened at $153.71 on Monday. The stock’s 50 day moving average is $145.51 and its 200 day moving average is $139.25. PepsiCo, Inc. has a one year low of $127.60 and a one year high of $177.50. The firm has a market cap of $210.17 billion, a P/E ratio of 29.22, a P/E/G ratio of 3.74 and a beta of 0.46. The company has a debt-to-equity ratio of 2.26, a current ratio of 0.91 and a quick ratio of 0.72.

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 the consensus estimate of $2.26 by $0.03. PepsiCo had a net margin of 7.82% and a return on equity of 57.58%. The company had revenue of $23.94 billion during the quarter, compared to analysts’ expectations of $23.91 billion. During the same period in the prior year, the company posted $2.31 earnings per share. PepsiCo’s revenue for the quarter was up 2.7% compared to the same quarter last year. PepsiCo has set its FY 2025 guidance at 8.120-8.120 EPS. As a group, research analysts expect that PepsiCo, Inc. will post 8.3 EPS for the current year.

PepsiCo Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, September 30th. Shareholders of record on Friday, September 5th were issued a $1.4225 dividend. This represents a $5.69 dividend on an annualized basis and a yield of 3.7%. The ex-dividend date was Friday, September 5th. PepsiCo’s payout ratio is presently 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.