Capricorn Fund Managers Ltd Purchases Shares of 20,314 PepsiCo, Inc. $PEP

Capricorn Fund Managers Ltd purchased a new stake in PepsiCo, Inc. (NASDAQ:PEP) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 20,314 shares of the company’s stock, valued at approximately $2,682,000.

A number of other hedge funds and other institutional investors also recently bought and sold shares of PEP. Nuveen LLC acquired a new stake in PepsiCo in the first quarter valued at $946,978,000. Kingstone Capital Partners Texas LLC acquired a new stake in shares of PepsiCo during the second quarter worth about $460,110,000. Assenagon Asset Management S.A. increased its position in shares of PepsiCo by 106.1% during the first quarter. Assenagon Asset Management S.A. now owns 3,514,965 shares of the company’s stock worth $527,034,000 after purchasing an additional 1,809,391 shares in the last quarter. Vanguard Group Inc. increased its position in shares of PepsiCo by 1.4% during the first quarter. Vanguard Group Inc. now owns 135,174,252 shares of the company’s stock worth $20,268,027,000 after purchasing an additional 1,802,748 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. increased its position in shares of PepsiCo by 5.0% during the first quarter. Charles Schwab Investment Management Inc. now owns 26,475,241 shares of the company’s stock worth $3,969,698,000 after purchasing an additional 1,258,198 shares in the last quarter. 73.07% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of analysts have recently commented on PEP shares. JPMorgan Chase & Co. cut 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. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating on shares of PepsiCo in a research report on Thursday, July 17th. Wells Fargo & Company cut their target price on PepsiCo from $154.00 to $150.00 and set an “equal weight” rating on the stock in a research report on Thursday, September 25th. Weiss Ratings reiterated a “hold (c-)” rating on shares of PepsiCo in a research report on Saturday, September 27th. Finally, Morgan Stanley raised their price target on PepsiCo from $153.00 to $165.00 and gave the stock an “equal weight” rating in a report on Friday, July 18th. Four equities research analysts have rated the stock with a Buy rating, fourteen have assigned a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat, the company has an average rating of “Hold” and an average price target of $157.87.

PepsiCo Stock Performance

NASDAQ PEP opened at $141.98 on Friday. 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, Inc. has a 52-week low of $127.60 and a 52-week high of $177.50. The business’s 50-day moving average price is $144.36 and its 200 day moving average price is $139.45. The firm has a market cap of $194.38 billion, a P/E ratio of 25.86, a P/E/G ratio of 3.59 and a beta of 0.46.

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

PepsiCo Dividend Announcement

The firm also recently disclosed 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 4.0%. The ex-dividend date of this dividend was Friday, September 5th. PepsiCo’s payout ratio is currently 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.