Heck Capital Advisors LLC Raises Stock Position in PepsiCo, Inc. $PEP

Heck Capital Advisors LLC grew its stake in shares of PepsiCo, Inc. (NASDAQ:PEP) by 12.0% in the second quarter, Holdings Channel.com reports. The fund owned 3,816 shares of the company’s stock after purchasing an additional 408 shares during the period. Heck Capital Advisors LLC’s holdings in PepsiCo were worth $504,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also modified their holdings of the company. Nova Wealth Management Inc. acquired a new stake in PepsiCo in the first quarter valued at $25,000. Elite Financial Inc. purchased a new stake in shares of PepsiCo in the 1st quarter worth about $28,000. Legend Financial Advisors Inc. acquired a new stake in PepsiCo in the 2nd quarter valued at about $29,000. Investment Research & Advisory Group Inc. increased its holdings in PepsiCo by 263.6% during the 2nd quarter. Investment Research & Advisory Group Inc. now owns 320 shares of the company’s stock valued at $42,000 after acquiring an additional 232 shares in the last quarter. Finally, MorganRosel Wealth Management LLC acquired a new position in PepsiCo during the first quarter worth about $55,000. Institutional investors and hedge funds own 73.07% of the company’s stock.

PepsiCo Stock Performance

NASDAQ PEP opened at $139.70 on Tuesday. The business’s 50-day moving average price is $144.32 and its 200 day moving average price is $139.30. The company has a current ratio of 0.78, a quick ratio of 0.60 and a debt-to-equity ratio of 2.12. PepsiCo, Inc. has a twelve month low of $127.60 and a twelve month high of $177.50. The company has a market capitalization of $191.26 billion, a PE ratio of 25.45, a price-to-earnings-growth ratio of 3.58 and a beta of 0.46.

PepsiCo (NASDAQ:PEP) last posted its quarterly earnings data on Thursday, July 17th. The company reported $2.12 EPS for the quarter, beating analysts’ consensus estimates of $2.03 by $0.09. PepsiCo had a net margin of 8.23% and a return on equity of 57.81%. The company had revenue of $22.73 billion during the quarter, compared to the consensus estimate of $22.28 billion. During the same quarter in the prior year, the company posted $2.28 EPS. The company’s quarterly 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. On average, research analysts predict that PepsiCo, Inc. will post 8.3 earnings per share for the current year.

PepsiCo Dividend Announcement

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

Analyst Ratings Changes

Several analysts have recently commented on PEP shares. JPMorgan Chase & Co. lowered their price target on shares of PepsiCo from $157.00 to $151.00 and set a “neutral” rating on the stock in a research report on Monday. Cowen reiterated a “hold” rating on shares of PepsiCo in a report on Thursday, July 17th. Royal Bank Of Canada cut their price target on PepsiCo from $146.00 to $145.00 and set a “sector perform” rating for the company in a report on Monday, September 15th. BNP Paribas Exane decreased their price objective on PepsiCo from $152.00 to $150.00 and set a “neutral” rating on the stock in a research note on Monday. Finally, Deutsche Bank Aktiengesellschaft reissued a “buy” rating on shares of PepsiCo in a research note on Thursday, July 17th. Four analysts have rated the stock with a Buy rating, fifteen have assigned a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target 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.