1,705 Shares in PepsiCo, Inc. $PEP Acquired by QTR Family Wealth LLC

QTR Family Wealth LLC purchased a new stake in shares of PepsiCo, Inc. (NASDAQ:PEP) in the 2nd quarter, HoldingsChannel reports. The institutional investor purchased 1,705 shares of the company’s stock, valued at approximately $225,000.

Several other hedge funds have also recently bought and sold shares of PEP. Nova Wealth Management Inc. bought a new position in PepsiCo in the 1st quarter worth approximately $25,000. Elite Financial Inc. acquired a new position in PepsiCo during the 1st quarter worth $28,000. Legend Financial Advisors Inc. acquired a new position in shares of PepsiCo during the second quarter valued at $29,000. Investment Research & Advisory Group Inc. raised its stake in shares of PepsiCo by 263.6% during the second quarter. Investment Research & Advisory Group Inc. now owns 320 shares of the company’s stock valued at $42,000 after purchasing an additional 232 shares in the last quarter. Finally, MorganRosel Wealth Management LLC acquired a new position in PepsiCo during the 1st quarter valued at about $55,000. 73.07% of the stock is currently owned by institutional investors.

PepsiCo Stock Performance

Shares of PEP stock opened at $140.44 on Wednesday. The company has a market capitalization of $192.27 billion, a price-to-earnings ratio of 25.58, a P/E/G ratio of 3.54 and a beta of 0.46. PepsiCo, Inc. has a 1-year low of $127.60 and a 1-year high of $177.50. The company has a current ratio of 0.78, a quick ratio of 0.60 and a debt-to-equity ratio of 2.12. The stock’s fifty day simple moving average is $144.49 and its 200-day simple moving average is $139.54.

PepsiCo (NASDAQ:PEP) last announced its quarterly earnings data on Thursday, July 17th. The company reported $2.12 EPS for the quarter, topping analysts’ consensus estimates of $2.03 by $0.09. The firm had revenue of $22.73 billion during the quarter, compared to analyst estimates of $22.28 billion. PepsiCo had a return on equity of 57.81% and a net margin of 8.23%.The business’s quarterly revenue was up 1.0% compared to the same quarter last year. During the same period last year, the company posted $2.28 EPS. 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 earnings per share for the current fiscal year.

PepsiCo Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, September 30th. Stockholders of record on Friday, September 5th were issued a dividend of $1.4225 per share. This represents a $5.69 annualized dividend and a dividend yield of 4.1%. The ex-dividend date was Friday, September 5th. PepsiCo’s payout ratio is currently 103.64%.

Analyst Ratings Changes

A number of analysts have recently weighed in on the stock. Morgan Stanley upped 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. Cowen restated a “hold” rating on shares of PepsiCo in a research report on Thursday, July 17th. JPMorgan Chase & Co. decreased their price target on PepsiCo from $150.00 to $139.00 and set a “neutral” rating for the company in a research note on Thursday, July 10th. Bank of America dropped their price objective on PepsiCo from $150.00 to $145.00 and set a “neutral” rating on the stock in a research note on Friday, July 11th. Finally, UBS Group decreased their target price on PepsiCo from $175.00 to $170.00 and set a “buy” rating for the company in a research note on Thursday, September 11th. Four investment analysts have rated the stock with a Buy rating, fourteen have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, PepsiCo currently has a consensus rating of “Hold” and an average target price of $158.13.

PepsiCo Company 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.