Future Financial Wealth Managment LLC Purchases 100 Shares of PepsiCo, Inc. $PEP

Future Financial Wealth Managment LLC grew its holdings in PepsiCo, Inc. (NASDAQ:PEP) by 14.8% in the 2nd quarter, HoldingsChannel.com reports. The fund owned 776 shares of the company’s stock after purchasing an additional 100 shares during the quarter. Future Financial Wealth Managment LLC’s holdings in PepsiCo were worth $103,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in PEP. Brighton Jones LLC boosted its holdings in PepsiCo by 12.4% in the fourth quarter. Brighton Jones LLC now owns 59,392 shares of the company’s stock worth $9,031,000 after purchasing an additional 6,574 shares in the last quarter. Hennion & Walsh Asset Management Inc. increased its holdings in shares of PepsiCo by 32.5% during the 1st quarter. Hennion & Walsh Asset Management Inc. now owns 13,600 shares of the company’s stock valued at $2,039,000 after acquiring an additional 3,332 shares during the last quarter. Annex Advisory Services LLC increased its holdings in shares of PepsiCo by 4.5% during the 1st quarter. Annex Advisory Services LLC now owns 5,565 shares of the company’s stock valued at $834,000 after acquiring an additional 241 shares during the last quarter. Vest Financial LLC increased its holdings in shares of PepsiCo by 11.5% during the 1st quarter. Vest Financial LLC now owns 377,540 shares of the company’s stock valued at $56,608,000 after acquiring an additional 38,967 shares during the last quarter. Finally, Foster Group Inc. boosted its position in PepsiCo by 15.0% during the first quarter. Foster Group Inc. now owns 4,940 shares of the company’s stock worth $741,000 after purchasing an additional 643 shares during the period. 73.07% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

PEP has been the subject of a number of recent analyst reports. Citigroup decreased their target price on PepsiCo from $168.00 to $165.00 and set a “buy” rating for the company in a research report on Thursday, September 25th. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating on shares of PepsiCo in a report on Thursday, July 17th. JPMorgan Chase & Co. decreased their price target on shares of PepsiCo from $150.00 to $139.00 and set a “neutral” rating for the company in a report on Thursday, July 10th. Bank of America decreased their price target on shares of PepsiCo from $150.00 to $145.00 and set a “neutral” rating for the company in a report on Friday, July 11th. Finally, Morgan Stanley increased their target price on PepsiCo from $153.00 to $165.00 and gave the company an “equal weight” rating in a research note on Friday, July 18th. Four analysts have rated the stock with a Buy rating, fourteen have given a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $157.87.

PepsiCo Stock Down 0.2%

NASDAQ PEP opened at $141.98 on Friday. The company has a debt-to-equity ratio of 2.12, a quick ratio of 0.60 and a current ratio of 0.78. The firm has a 50-day simple moving average of $144.36 and a 200 day simple moving average of $139.45. PepsiCo, Inc. has a twelve month low of $127.60 and a twelve month high of $177.50. The stock has a market cap of $194.38 billion, a PE ratio of 25.86, a PEG ratio of 3.59 and a beta of 0.46.

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. PepsiCo had a return on equity of 57.81% and a net margin of 8.23%.The company had revenue of $22.73 billion during the quarter, compared to the consensus estimate of $22.28 billion. During the same quarter last year, the company earned $2.28 EPS. The company’s quarterly 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, research analysts forecast that PepsiCo, Inc. will post 8.3 EPS for the current year.

PepsiCo Dividend Announcement

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