10,332 Shares in PepsiCo, Inc. $PEP Bought by Cliftonlarsonallen Wealth Advisors LLC

Key Points

• Cliftonlarsonallen Wealth Advisors LLC acquired 10,332 shares of PepsiCo, valued at approximately $1,364,000, during the second quarter.
• PepsiCo reported $2.12 earnings per share for the last quarter, exceeding expectations and indicating a 1% year-over-year revenue growth.
• PepsiCo's quarterly dividend was paid at $1.4225, representing an annualized yield of 4.0%, with a payout ratio of 103.64%.

Cliftonlarsonallen Wealth Advisors LLC acquired a new position in shares of PepsiCo, Inc. (NASDAQ:PEP - Free Report) during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 10,332 shares of the company's stock, valued at approximately $1,364,000.

Several other hedge funds have also made changes to their positions in the business. Nova Wealth Management Inc. purchased a new position in shares of PepsiCo in the 1st quarter valued at approximately $25,000. Elite Financial Inc. purchased a new stake in shares of PepsiCo during the first quarter worth approximately $28,000. Legend Financial Advisors Inc. acquired a new stake in shares of PepsiCo during the second quarter worth $29,000. Investment Research & Advisory Group Inc. grew its position in 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 buying an additional 232 shares during the last quarter. Finally, MorganRosel Wealth Management LLC acquired a new position in PepsiCo in the 1st quarter valued at $55,000. Institutional investors and hedge funds own 73.07% of the company's stock.

PepsiCo Price Performance

PEP stock opened at $143.14 on Thursday. The firm has a 50 day moving average of $144.43 and a 200-day moving average of $139.56. The company has a market cap of $195.97 billion, a price-to-earnings ratio of 26.07, a PEG ratio of 3.54 and a beta of 0.46. 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 12-month low of $127.60 and a 12-month high of $177.50.

PepsiCo (NASDAQ:PEP - Get Free Report) last released its quarterly earnings data on Thursday, July 17th. The company reported $2.12 earnings per share for the quarter, beating the consensus estimate of $2.03 by $0.09. The firm had revenue of $22.73 billion during the quarter, compared to the consensus estimate of $22.28 billion. PepsiCo had a return on equity of 57.81% and a net margin of 8.23%.PepsiCo's quarterly revenue was up 1.0% on a year-over-year basis. During the same period last year, the business posted $2.28 EPS. PepsiCo has set its FY 2025 guidance at 8.038-8.038 EPS. As a group, equities analysts expect that PepsiCo, Inc. will post 8.3 EPS for the current fiscal year.

PepsiCo Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, September 30th. Investors of record on Friday, September 5th were given a $1.4225 dividend. The ex-dividend date was Friday, September 5th. This represents a $5.69 annualized dividend and a dividend yield of 4.0%. PepsiCo's payout ratio is currently 103.64%.

Analysts Set New Price Targets

PEP has been the subject of several recent analyst reports. Wells Fargo & Company reduced their target price on shares of PepsiCo from $154.00 to $150.00 and set an "equal weight" rating for the company in a research note on Thursday, September 25th. 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 report on Thursday, September 25th. Bank of America dropped their target price on PepsiCo from $150.00 to $145.00 and set a "neutral" rating on the stock in a research report on Friday, July 11th. Deutsche Bank Aktiengesellschaft reissued a "buy" rating on shares of PepsiCo in a report on Thursday, July 17th. Finally, Royal Bank Of Canada decreased their price target on PepsiCo from $146.00 to $145.00 and set a "sector perform" rating on the stock in a research note on Monday, September 15th. Four investment analysts have rated the stock with a Buy rating, fourteen have given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, PepsiCo has an average rating of "Hold" and an average target price of $158.13.

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.

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