Bey Douglas LLC Raises Stake in PepsiCo, Inc. $PEP

Bey Douglas LLC raised its stake in PepsiCo, Inc. (NASDAQ:PEP) by 20.2% in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 2,322 shares of the company’s stock after buying an additional 391 shares during the quarter. Bey Douglas LLC’s holdings in PepsiCo were worth $307,000 at the end of the most recent quarter.

Other large investors also recently added to or reduced their stakes in the company. Nova Wealth Management Inc. purchased a new stake in PepsiCo in the 1st quarter valued at $25,000. Elite Financial Inc. purchased a new stake in PepsiCo in the 1st quarter valued at $28,000. Legend Financial Advisors Inc. purchased a new stake in PepsiCo in the 2nd quarter valued at $29,000. RMG Wealth Management LLC purchased a new position in shares of PepsiCo during the 2nd quarter worth $45,000. Finally, Investment Research & Advisory Group Inc. grew its holdings in shares of PepsiCo by 263.6% during the 2nd quarter. Investment Research & Advisory Group Inc. now owns 320 shares of the company’s stock worth $42,000 after purchasing an additional 232 shares during the period. 73.07% of the stock is currently owned by hedge funds and other institutional investors.

PepsiCo Trading Up 3.7%

PEP opened at $150.08 on Friday. The firm has a market cap of $205.47 billion, a price-to-earnings ratio of 28.53, a price-to-earnings-growth ratio of 3.62 and a beta of 0.46. PepsiCo, Inc. has a 52 week low of $127.60 and a 52 week high of $177.50. The business’s 50 day moving average is $144.53 and its two-hundred day moving average is $139.32. 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 earnings results on Thursday, October 9th. The company reported $2.29 earnings per share for the quarter, beating the consensus estimate of $2.26 by $0.03. PepsiCo had a return on equity of 58.46% and a net margin of 7.82%.The company had revenue of $23.94 billion for the quarter, compared to the consensus estimate of $23.91 billion. During the same period last year, the business posted $2.31 EPS. The company’s revenue was up 2.7% on a year-over-year basis. PepsiCo has set its FY 2025 guidance at 8.120-8.120 EPS. On average, research analysts predict 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. Shareholders of record on Friday, September 5th were given a dividend of $1.4225 per share. This represents a $5.69 dividend on an annualized basis and a yield of 3.8%. The ex-dividend date was Friday, September 5th. PepsiCo’s payout ratio is presently 103.64%.

Analysts Set New Price Targets

PEP has been the subject of a number of research analyst reports. Royal Bank Of Canada lowered 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. Piper Sandler raised their target price on PepsiCo from $160.00 to $162.00 and gave the company an “overweight” rating in a report on Friday. JPMorgan Chase & Co. lowered their target price on PepsiCo from $157.00 to $151.00 and set a “neutral” rating for the company in a report on Monday, October 6th. BNP Paribas Exane lowered their target price on PepsiCo from $152.00 to $150.00 and set a “neutral” rating for the company in a report on Monday, October 6th. Finally, Morgan Stanley raised their target price on PepsiCo from $153.00 to $165.00 and gave the company an “equal weight” rating in a report on Friday, July 18th. Five investment analysts have rated the stock with a Buy rating and fourteen have issued a Hold rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $158.25.

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.