PepsiCo, Inc. $PEP Shares Bought by Independence Bank of Kentucky

Independence Bank of Kentucky raised its stake in shares of PepsiCo, Inc. (NASDAQ:PEP) by 0.2% in the second quarter, HoldingsChannel.com reports. The institutional investor owned 39,138 shares of the company’s stock after acquiring an additional 83 shares during the period. PepsiCo comprises about 0.7% of Independence Bank of Kentucky’s investment portfolio, making the stock its 27th biggest position. Independence Bank of Kentucky’s holdings in PepsiCo were worth $5,168,000 at the end of the most recent reporting period.

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

PepsiCo Trading Up 0.4%

Shares of PepsiCo stock opened at $140.44 on Monday. The firm has a market capitalization of $192.27 billion, a PE ratio of 25.58, a P/E/G ratio of 3.54 and a beta of 0.46. PepsiCo, Inc. has a twelve month low of $127.60 and a twelve month high of $177.50. The firm’s 50-day moving average price is $144.63 and its 200 day moving average price is $139.59. The company has a current ratio of 0.78, a quick ratio of 0.60 and a debt-to-equity ratio of 2.12.

PepsiCo (NASDAQ:PEP) last issued its quarterly earnings results on Thursday, July 17th. The company reported $2.12 earnings per share for the quarter, beating analysts’ consensus estimates of $2.03 by $0.09. PepsiCo had a net margin of 8.23% and a return on equity of 57.81%. The firm had revenue of $22.73 billion for the quarter, compared to analyst estimates of $22.28 billion. During the same period last year, the company posted $2.28 EPS. PepsiCo’s quarterly revenue was up 1.0% compared to the same quarter last year. PepsiCo has set its FY 2025 guidance at 8.038-8.038 EPS. On average, sell-side analysts predict that PepsiCo, Inc. will post 8.3 EPS for the current fiscal year.

PepsiCo Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 30th. Shareholders of record on Friday, September 5th will be paid a $1.4225 dividend. This represents a $5.69 dividend on an annualized basis and a yield of 4.1%. The ex-dividend date of this dividend is Friday, September 5th. PepsiCo’s dividend payout ratio (DPR) is 103.64%.

Wall Street Analyst Weigh In

PEP has been the topic of a number of analyst reports. Morgan Stanley raised their target price on PepsiCo from $153.00 to $165.00 and gave the company an “equal weight” rating in a research report on Friday, July 18th. JPMorgan Chase & Co. dropped their target price on PepsiCo from $150.00 to $139.00 and set a “neutral” rating on the stock in a research report on Thursday, July 10th. Barclays raised their target price on PepsiCo from $132.00 to $144.00 and gave the company an “equal weight” rating in a research report on Monday, July 21st. Cowen restated a “hold” rating on shares of PepsiCo in a research report on Thursday, July 17th. Finally, Deutsche Bank Aktiengesellschaft restated a “buy” rating on shares of PepsiCo in a research report on Thursday, July 17th. Four investment analysts have rated the stock with a Buy rating, fourteen have given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $158.13.

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.