PepsiCo, Inc. $PEP Stock Position Reduced by JFS Wealth Advisors LLC

JFS Wealth Advisors LLC cut its stake in shares of PepsiCo, Inc. (NASDAQ:PEP) by 3.7% during the second quarter, according to its most recent disclosure with the SEC. The institutional investor owned 16,964 shares of the company’s stock after selling 659 shares during the period. JFS Wealth Advisors LLC’s holdings in PepsiCo were worth $2,240,000 at the end of the most recent reporting period.

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

Wall Street Analysts Forecast Growth

PEP has been the subject of several recent research reports. Barclays boosted their target price on shares of PepsiCo from $140.00 to $142.00 and gave the stock an “equal weight” rating in a research report on Friday. Wells Fargo & Company boosted their target price on shares of PepsiCo from $150.00 to $154.00 and gave the stock a “positive” rating in a research report on Friday. Evercore ISI boosted their target price on shares of PepsiCo from $150.00 to $152.00 in a research report on Friday. Citigroup reduced their price objective on shares of PepsiCo from $168.00 to $165.00 and set a “buy” rating for the company in a research note on Thursday, September 25th. Finally, Jefferies Financial Group boosted their price objective on shares of PepsiCo from $161.00 to $163.00 and gave the stock a “hold” rating in a research note on Friday. Five equities research analysts have rated the stock with a Buy rating and fourteen have given a Hold rating to the company’s stock. According to MarketBeat, PepsiCo has a consensus rating of “Hold” and a consensus price target of $158.25.

PepsiCo Price Performance

Shares of PepsiCo stock opened at $150.08 on Friday. The firm has a fifty day simple moving average of $144.53 and a 200-day simple moving average of $139.32. 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 1-year low of $127.60 and a 1-year high of $177.50. The stock has a market capitalization of $205.47 billion, a price-to-earnings ratio of 28.53, a PEG ratio of 3.62 and a beta of 0.46.

PepsiCo (NASDAQ:PEP) last released its earnings results on Thursday, October 9th. The company reported $2.29 EPS for the quarter, beating the consensus estimate of $2.26 by $0.03. The firm had revenue of $23.94 billion during the quarter, compared to analysts’ expectations of $23.91 billion. PepsiCo had a net margin of 7.82% and a return on equity of 58.46%. The business’s quarterly revenue was up 2.7% compared to the same quarter last year. During the same period in the prior year, the company earned $2.31 EPS. PepsiCo has set its FY 2025 guidance at 8.120-8.120 EPS. On average, sell-side analysts expect that PepsiCo, Inc. will post 8.3 earnings per share for the current year.

PepsiCo Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, September 30th. Investors of record on Friday, September 5th were paid a dividend of $1.4225 per share. This represents a $5.69 annualized dividend and a yield of 3.8%. The ex-dividend date was Friday, September 5th. PepsiCo’s dividend payout ratio is presently 103.64%.

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.