Ackerman Capital Advisors LLC Acquires 1,136 Shares of PepsiCo, Inc. $PEP

Ackerman Capital Advisors LLC raised its holdings in shares of PepsiCo, Inc. (NASDAQ:PEP) by 42.2% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 3,828 shares of the company’s stock after purchasing an additional 1,136 shares during the quarter. Ackerman Capital Advisors LLC’s holdings in PepsiCo were worth $505,000 at the end of the most recent reporting period.

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

Wall Street Analyst Weigh In

PEP has been the topic of a number of research reports. Deutsche Bank Aktiengesellschaft restated a “buy” rating on shares of PepsiCo in a report on Thursday, July 17th. UBS Group cut their price objective on PepsiCo from $175.00 to $170.00 and set a “buy” rating for the company in a research report on Thursday, September 11th. Barclays raised their price objective on PepsiCo from $140.00 to $142.00 and gave the stock an “equal weight” rating in a research report on Friday. Morgan Stanley upped their target price on shares of PepsiCo from $153.00 to $165.00 and gave the stock an “equal weight” rating in a research note on Friday, July 18th. Finally, JPMorgan Chase & Co. lowered their price objective on PepsiCo from $157.00 to $151.00 and set a “neutral” rating for the company in a research report on Monday, October 6th. Five analysts have rated the stock with a Buy rating and fourteen have assigned a Hold rating to the company. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $158.88.

PepsiCo Price Performance

PEP stock opened at $150.08 on Friday. The business has a 50 day moving average price of $144.53 and a 200 day moving average price of $139.26. The stock has a market cap of $205.47 billion, a price-to-earnings ratio of 28.53, a PEG ratio of 3.76 and a beta of 0.46. PepsiCo, Inc. has a fifty-two week low of $127.60 and a fifty-two week high of $177.50. 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 issued its quarterly earnings data on Thursday, October 9th. The company reported $2.29 earnings per share for the quarter, beating analysts’ consensus estimates 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 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 firm’s revenue for the quarter was up 2.7% on a year-over-year basis. PepsiCo has set its FY 2025 guidance at 8.120-8.120 EPS. Equities research analysts anticipate that PepsiCo, Inc. will post 8.3 earnings per share for the current fiscal year.

PepsiCo Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, September 30th. Shareholders of record on Friday, September 5th were paid a $1.4225 dividend. The ex-dividend date was Friday, September 5th. This represents a $5.69 dividend on an annualized basis and a yield of 3.8%. PepsiCo’s payout ratio is currently 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.