Activest Wealth Management Has $38,000 Position in PepsiCo, Inc. $PEP

Activest Wealth Management reduced its holdings in PepsiCo, Inc. (NASDAQ:PEP) by 46.4% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 287 shares of the company’s stock after selling 248 shares during the quarter. Activest Wealth Management’s holdings in PepsiCo were worth $38,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Nova Wealth Management Inc. acquired a new stake in shares of PepsiCo in the first quarter valued at about $25,000. Elite Financial Inc. bought a new stake in shares of PepsiCo in the first quarter valued at about $28,000. Legend Financial Advisors Inc. bought a new stake in shares of PepsiCo in the second quarter valued at about $29,000. Frazier Financial Advisors LLC lifted its stake in shares of PepsiCo by 85.3% in the second quarter. Frazier Financial Advisors LLC now owns 265 shares of the company’s stock valued at $35,000 after buying an additional 122 shares during the period. Finally, RMG Wealth Management LLC bought a new stake in shares of PepsiCo in the second quarter valued at about $45,000. 73.07% of the stock is owned by institutional investors and hedge funds.

PepsiCo Stock Up 1.0%

NASDAQ PEP opened at $152.67 on Friday. The company has a current ratio of 0.91, a quick ratio of 0.72 and a debt-to-equity ratio of 2.26. The stock’s 50 day moving average is $145.34 and its two-hundred day moving average is $139.37. The company has a market capitalization of $208.75 billion, a price-to-earnings ratio of 29.02, a PEG ratio of 3.68 and a beta of 0.46. PepsiCo, Inc. has a 1-year low of $127.60 and a 1-year high of $177.50.

PepsiCo (NASDAQ:PEP) last posted its earnings results on Thursday, October 9th. The company reported $2.29 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.26 by $0.03. PepsiCo had a net margin of 7.82% and a return on equity of 57.58%. 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 company posted $2.31 earnings per share. PepsiCo’s quarterly revenue was up 2.7% compared to the same quarter last year. 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 fiscal year.

PepsiCo Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, September 30th. Investors of record on Friday, September 5th were issued a $1.4225 dividend. The ex-dividend date of this dividend was Friday, September 5th. This represents a $5.69 dividend on an annualized basis and a dividend yield of 3.7%. PepsiCo’s dividend payout ratio (DPR) is currently 108.17%.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on PEP. JPMorgan Chase & Co. reduced their target price on shares of PepsiCo from $157.00 to $151.00 and set a “neutral” rating for the company in a research note on Monday, October 6th. HSBC increased their target price on shares of PepsiCo from $145.00 to $152.00 and gave the company a “hold” rating in a research note on Friday, October 10th. Citigroup reduced their target price 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. Bank of America increased their target price on shares of PepsiCo from $150.00 to $155.00 and gave the company a “neutral” rating in a research note on Friday, October 10th. Finally, Jefferies Financial Group lifted their price objective on PepsiCo from $161.00 to $163.00 and gave the company a “hold” rating in a report on Friday, October 10th. Six analysts have rated the stock with a Buy rating, fourteen have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $156.00.

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.