1,611 Shares in PepsiCo, Inc. $PEP Purchased by Elevate Capital Advisors LLC

Elevate Capital Advisors LLC acquired a new stake in shares of PepsiCo, Inc. (NASDAQ:PEP) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 1,611 shares of the company’s stock, valued at approximately $213,000.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Nova Wealth Management Inc. purchased a new stake in PepsiCo during the first quarter valued at approximately $25,000. Elite Financial Inc. purchased a new stake in PepsiCo during the first quarter valued at approximately $28,000. Legend Financial Advisors Inc. purchased a new stake in PepsiCo during the second quarter valued at approximately $29,000. Investment Research & Advisory Group Inc. raised its position in 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 during the period. Finally, MorganRosel Wealth Management LLC purchased a new stake in PepsiCo during the first quarter valued at approximately $55,000. 73.07% of the stock is currently owned by hedge funds and other institutional investors.

PepsiCo Stock Down 0.2%

Shares of NASDAQ:PEP opened at $141.98 on Friday. PepsiCo, Inc. has a 52-week low of $127.60 and a 52-week high of $177.50. The stock has a market cap of $194.38 billion, a P/E ratio of 25.86, a price-to-earnings-growth ratio of 3.59 and a beta of 0.46. The business’s 50 day moving average is $144.36 and its 200 day moving average is $139.45. 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 (NASDAQ:PEP) last announced its quarterly earnings data on Thursday, July 17th. The company reported $2.12 earnings per share (EPS) for the quarter, topping 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 analysts’ expectations of $22.28 billion. During the same quarter in the prior year, the firm earned $2.28 earnings per share. PepsiCo’s 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. Sell-side analysts predict that PepsiCo, Inc. will post 8.3 EPS for the current year.

PepsiCo Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, September 30th. Investors of record on Friday, September 5th were paid a $1.4225 dividend. The ex-dividend date of this dividend was Friday, September 5th. This represents a $5.69 annualized dividend and a yield of 4.0%. PepsiCo’s dividend payout ratio is 103.64%.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on PEP shares. Barclays restated a “cautious” rating on shares of PepsiCo in a research report on Friday. Cowen reiterated a “hold” rating on shares of PepsiCo in a report on Thursday, July 17th. Morgan Stanley increased 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. Citigroup reduced their price target on PepsiCo from $168.00 to $165.00 and set a “buy” rating on the stock in a report on Thursday, September 25th. Finally, Wells Fargo & Company reduced their price target on PepsiCo from $154.00 to $150.00 and set an “equal weight” rating on the stock in a report on Thursday, September 25th. Four research analysts have rated the stock with a Buy rating, fourteen have issued a Hold rating and two have issued a Sell rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Hold” and an average target price of $157.87.

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.