KFA Private Wealth Group LLC Makes New $390,000 Investment in PepsiCo, Inc. $PEP

KFA Private Wealth Group LLC acquired a new stake in PepsiCo, Inc. (NASDAQ:PEP) in the second quarter, Holdings Channel reports. The institutional investor acquired 2,955 shares of the company’s stock, valued at approximately $390,000.

Several other institutional investors have also added to or reduced their stakes in PEP. Nova Wealth Management Inc. purchased a new stake in shares of PepsiCo during the first quarter valued at approximately $25,000. Elite Financial Inc. purchased a new stake in PepsiCo during the 1st quarter valued at $28,000. Legend Financial Advisors Inc. purchased a new stake in PepsiCo during the 2nd quarter valued at $29,000. Investment Research & Advisory Group Inc. boosted its holdings 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 worth $42,000 after purchasing an additional 232 shares during the period. Finally, RMG Wealth Management LLC purchased a new stake in shares of PepsiCo during the second quarter worth about $45,000. 73.07% of the stock is currently owned by hedge funds and other institutional investors.

PepsiCo Price Performance

Shares of NASDAQ PEP opened at $150.08 on Friday. PepsiCo, Inc. has a twelve month low of $127.60 and a twelve month high of $177.50. The company has a 50 day moving average of $144.53 and a 200 day moving average of $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. The firm has a market cap of $205.47 billion, a P/E ratio of 28.53, a PEG ratio of 3.62 and a beta of 0.46.

PepsiCo (NASDAQ:PEP) last posted its quarterly earnings results on Thursday, October 9th. The company reported $2.29 earnings per share for the quarter, topping 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 firm had revenue of $23.94 billion during the quarter, compared to analysts’ expectations of $23.91 billion. During the same quarter in the previous year, the business earned $2.31 earnings per share. 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. As a group, research analysts expect that PepsiCo, Inc. will post 8.3 EPS for the current fiscal 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 issued a $1.4225 dividend. This represents a $5.69 annualized dividend and a yield of 3.8%. The ex-dividend date of this dividend was Friday, September 5th. PepsiCo’s dividend payout ratio is currently 103.64%.

Analysts Set New Price Targets

A number of research firms have recently weighed in on PEP. Citigroup dropped their target price on shares of PepsiCo from $168.00 to $165.00 and set a “buy” rating for the company in a report on Thursday, September 25th. UBS Group dropped their price objective on PepsiCo from $175.00 to $170.00 and set a “buy” rating for the company in a report on Thursday, September 11th. Piper Sandler raised their price target on PepsiCo from $160.00 to $162.00 and gave the stock an “overweight” rating in a research note on Friday. Cowen reaffirmed a “hold” rating on shares of PepsiCo in a research note on Thursday, July 17th. Finally, Weiss Ratings reaffirmed a “hold (c-)” rating on shares of PepsiCo in a research report on Saturday, September 27th. Five investment analysts have rated the stock with a Buy rating and fourteen have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, PepsiCo 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.