Means Investment CO. Inc. Has $1.53 Million Stock Holdings in PepsiCo, Inc. $PEP

Means Investment CO. Inc. lowered its holdings in shares of PepsiCo, Inc. (NASDAQ:PEP) by 3.7% in the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 11,590 shares of the company’s stock after selling 450 shares during the period. Means Investment CO. Inc.’s holdings in PepsiCo were worth $1,530,000 as of its most recent filing with the SEC.

Other large investors have also bought and sold shares of the company. Nova Wealth Management Inc. bought a new position in PepsiCo in the 1st quarter valued at approximately $25,000. Elite Financial Inc. bought a new stake in shares of PepsiCo during the first quarter worth $28,000. Legend Financial Advisors Inc. acquired a new position in shares of PepsiCo during the second quarter worth $29,000. Investment Research & Advisory Group Inc. lifted its stake in shares of PepsiCo by 263.6% in 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 during the last quarter. Finally, RMG Wealth Management LLC acquired a new stake in shares of PepsiCo during the 2nd quarter valued at $45,000. 73.07% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities analysts have issued reports on the company. Wells Fargo & Company upped their target price on PepsiCo from $150.00 to $154.00 and gave the stock a “positive” rating in a report on Friday. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating on shares of PepsiCo in a report on Thursday, July 17th. Royal Bank Of Canada reduced their target price on shares of PepsiCo from $146.00 to $145.00 and set a “sector perform” rating on the stock in a report on Monday, September 15th. Cowen reaffirmed a “hold” rating on shares of PepsiCo in a research note on Thursday, July 17th. Finally, UBS Group cut their price target on shares of PepsiCo from $175.00 to $170.00 and set a “buy” rating on the stock in a report on Thursday, September 11th. Five research analysts have rated the stock with a Buy rating and fourteen have issued a Hold rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $158.88.

PepsiCo Stock Up 3.7%

Shares of NASDAQ PEP opened at $150.08 on Friday. The company’s 50 day moving average price is $144.53 and its 200-day moving average price is $139.26. The company has a debt-to-equity ratio of 2.12, a quick ratio of 0.60 and a current ratio of 0.78. PepsiCo, Inc. has a 52-week low of $127.60 and a 52-week high of $177.50. The company has a market capitalization of $205.47 billion, a P/E ratio of 28.53, a price-to-earnings-growth ratio of 3.76 and a beta of 0.46.

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

PepsiCo Announces Dividend

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

About PepsiCo

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.