Crux Wealth Advisors Has $396,000 Holdings in PepsiCo, Inc. $PEP

Crux Wealth Advisors boosted its stake in shares of PepsiCo, Inc. (NASDAQ:PEP) by 57.5% in the 2nd quarter, Holdings Channel.com reports. The firm owned 3,002 shares of the company’s stock after buying an additional 1,096 shares during the quarter. Crux Wealth Advisors’ holdings in PepsiCo were worth $396,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently bought and sold shares of PEP. Brighton Jones LLC raised its stake in PepsiCo by 12.4% during the 4th quarter. Brighton Jones LLC now owns 59,392 shares of the company’s stock valued at $9,031,000 after purchasing an additional 6,574 shares during the last quarter. GAMMA Investing LLC increased its holdings in PepsiCo by 28.1% in the 1st quarter. GAMMA Investing LLC now owns 30,603 shares of the company’s stock valued at $4,589,000 after buying an additional 6,712 shares during the period. Advisor Resource Council bought a new stake in PepsiCo in the 1st quarter valued at $819,000. Rockline Wealth Management LLC increased its holdings in PepsiCo by 4.3% in the 1st quarter. Rockline Wealth Management LLC now owns 19,728 shares of the company’s stock valued at $2,958,000 after buying an additional 817 shares during the period. Finally, Jamison Private Wealth Management Inc. increased its holdings in PepsiCo by 2.3% in the 1st quarter. Jamison Private Wealth Management Inc. now owns 11,346 shares of the company’s stock valued at $1,701,000 after buying an additional 257 shares during the period. 73.07% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

PEP has been the topic of several analyst reports. Jefferies Financial Group boosted their price target on shares of PepsiCo from $161.00 to $163.00 and gave the company a “hold” rating in a report on Friday, October 10th. The Goldman Sachs Group boosted their price target on shares of PepsiCo from $165.00 to $167.00 and gave the company a “buy” rating in a report on Friday, October 10th. Barclays boosted their price target on shares of PepsiCo from $140.00 to $142.00 and gave the company an “equal weight” rating in a report on Friday, October 10th. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating on shares of PepsiCo in a report on Thursday, July 17th. Finally, Rothschild & Co Redburn upped their target price on shares of PepsiCo from $115.00 to $117.00 and gave the stock a “sell” rating in a report on Monday, October 13th. Six analysts have rated the stock with a Buy rating, fourteen have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $156.00.

PepsiCo Stock Up 0.7%

PEP opened at $153.71 on Friday. The firm’s 50-day simple moving average is $145.51 and its 200-day simple moving average is $139.33. The firm has a market cap of $210.17 billion, a price-to-earnings ratio of 29.22, a PEG ratio of 3.74 and a beta of 0.46. The company has a debt-to-equity ratio of 2.26, a quick ratio of 0.72 and a current ratio of 0.91. PepsiCo, Inc. has a twelve month low of $127.60 and a twelve month high of $177.50.

PepsiCo (NASDAQ:PEP) last issued its quarterly earnings results on Thursday, October 9th. The company reported $2.29 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.26 by $0.03. The business had revenue of $23.94 billion for 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 57.58%. The firm’s quarterly revenue was up 2.7% on a year-over-year basis. During the same quarter in the prior year, the company earned $2.31 EPS. PepsiCo has set its FY 2025 guidance at 8.120-8.120 EPS. Equities research analysts anticipate that PepsiCo, Inc. will post 8.3 EPS for the current fiscal year.

PepsiCo Announces Dividend

The business also recently declared 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 yield of 3.7%. PepsiCo’s dividend payout ratio is 108.17%.

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.