Dynamic Advisor Solutions LLC Acquires 2,104 Shares of PepsiCo, Inc. $PEP

by · The Cerbat Gem

Dynamic Advisor Solutions LLC grew its holdings in shares of PepsiCo, Inc. (NASDAQ:PEP – Free Report) by 3.8% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 57,261 shares of the company’s stock after acquiring an additional 2,104 shares during the quarter. Dynamic Advisor Solutions LLC’s holdings in PepsiCo were worth $7,561,000 at the end of the most recent quarter.

Other large investors have also recently modified their holdings of the company. Vanguard Group Inc. lifted its position in PepsiCo by 1.4% in the 1st quarter. Vanguard Group Inc. now owns 135,174,252 shares of the company’s stock worth $20,268,027,000 after buying an additional 1,802,748 shares during the last quarter. Charles Schwab Investment Management Inc. increased its stake in PepsiCo by 5.0% in the 1st 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 during the period. Bank of New York Mellon Corp increased its stake in PepsiCo by 0.4% in the 1st quarter. Bank of New York Mellon Corp now owns 14,062,857 shares of the company’s stock worth $2,108,585,000 after purchasing an additional 49,699 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its stake in PepsiCo by 1.8% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 11,525,812 shares of the company’s stock worth $1,728,180,000 after purchasing an additional 208,292 shares during the period. Finally, Invesco Ltd. increased its stake in PepsiCo by 4.5% in the 1st quarter. Invesco Ltd. now owns 11,328,158 shares of the company’s stock worth $1,698,544,000 after purchasing an additional 491,894 shares during the period. Institutional investors own 73.07% of the company’s stock.

PepsiCo Price Performance

PEP opened at $140.03 on Wednesday. The company has a debt-to-equity ratio of 2.12, a quick ratio of 0.60 and a current ratio of 0.78. PepsiCo, Inc. has a 52-week low of $127.60 and a 52-week high of $178.09. The stock has a market capitalization of $191.71 billion, a PE ratio of 25.51, a price-to-earnings-growth ratio of 3.56 and a beta of 0.46. The stock’s 50 day moving average price is $144.03 and its 200-day moving average price is $140.35.

PepsiCo (NASDAQ:PEP – Get Free Report) last released its quarterly earnings results on Thursday, July 17th. The company reported $2.12 earnings per share for the quarter, beating the consensus estimate of $2.03 by $0.09. PepsiCo had a return on equity of 57.81% and a net margin of 8.23%.The company had revenue of $22.73 billion for the quarter, compared to analyst estimates of $22.28 billion. During the same period in the previous year, the company posted $2.28 earnings per share. The firm’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 predict that PepsiCo, Inc. will post 8.3 EPS for the current year.

PepsiCo Dividend Announcement

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

Analyst Ratings Changes

PEP has been the topic of a number of analyst reports. Cowen reaffirmed a “hold” rating on shares of PepsiCo in a research note on Thursday, July 17th. Barclays lifted their price target on PepsiCo from $132.00 to $144.00 and gave the stock an “equal weight” rating in a research note on Monday, July 21st. Royal Bank Of Canada reaffirmed a “sector perform” rating and issued a $146.00 price target on shares of PepsiCo in a research note on Wednesday, September 3rd. Deutsche Bank Aktiengesellschaft reissued a “buy” rating on shares of PepsiCo in a research note on Thursday, July 17th. Finally, Citigroup boosted their target price on PepsiCo from $160.00 to $168.00 and gave the company a “buy” 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 issued a Sell rating to the company. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $158.67.

Check Out Our Latest Stock Analysis on PEP

About PepsiCo

(Free Report)

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.

Further Reading

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