5,733 Shares in PepsiCo, Inc. $PEP Purchased by Triton Wealth Management PLLC

Key Points

• Triton Wealth Management PLLC acquired 5,733 shares of PepsiCo, Inc. valued at approximately $828,000 during the 2nd quarter, adding to a trend of hedge funds increasing their positions in the company.
• Recent analyst reports show mixed ratings for PepsiCo, with six analysts giving a Buy rating and a target price averaging $156.00, though some have reduced their price targets.
• PepsiCo reported a quarterly EPS of $2.29, beating estimates, and announced a quarterly dividend of $1.4225 per share, indicating a strong commitment to return capital to shareholders.

Triton Wealth Management PLLC acquired a new stake in shares of PepsiCo, Inc. (NASDAQ:PEP - Free Report) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 5,733 shares of the company's stock, valued at approximately $828,000.

Other hedge funds have also recently modified their holdings of the company. Nova Wealth Management Inc. acquired a new position in shares of PepsiCo during the first quarter valued at about $25,000. Elite Financial Inc. acquired a new position in PepsiCo in the 1st quarter worth approximately $28,000. Legend Financial Advisors Inc. acquired a new position in PepsiCo in the 2nd quarter worth approximately $29,000. Frazier Financial Advisors LLC increased its holdings in PepsiCo by 85.3% in the 2nd quarter. Frazier Financial Advisors LLC now owns 265 shares of the company's stock worth $35,000 after buying an additional 122 shares during the period. Finally, Investment Research & Advisory Group Inc. increased its holdings in PepsiCo by 263.6% in the 2nd quarter. Investment Research & Advisory Group Inc. now owns 320 shares of the company's stock worth $42,000 after buying an additional 232 shares during the period. Institutional investors and hedge funds own 73.07% of the company's stock.

Analysts Set New Price Targets

Several brokerages recently weighed in on PEP. JPMorgan Chase & Co. cut their price target on shares of PepsiCo from $157.00 to $151.00 and set a "neutral" rating on the stock in a report on Monday, October 6th. Barclays raised their price objective on shares of PepsiCo from $140.00 to $142.00 and gave the stock an "equal weight" rating in a research note on Friday, October 10th. Piper Sandler raised their price objective on shares of PepsiCo from $160.00 to $162.00 and gave the stock an "overweight" rating in a research note on Friday, October 10th. Jefferies Financial Group raised their price objective on shares of PepsiCo from $161.00 to $163.00 and gave the stock a "hold" rating in a research note on Friday, October 10th. Finally, UBS Group dropped their price objective on shares of PepsiCo from $175.00 to $170.00 and set a "buy" rating on the stock in a research note on Thursday, September 11th. Six analysts have rated the stock with a Buy rating, fourteen have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, PepsiCo has an average rating of "Hold" and an average target price of $156.00.

PepsiCo Stock Up 1.8%

NASDAQ PEP opened at $151.54 on Wednesday. PepsiCo, Inc. has a 52 week low of $127.60 and a 52 week high of $177.50. The company has a quick ratio of 0.72, a current ratio of 0.91 and a debt-to-equity ratio of 2.26. The business's fifty day simple moving average is $144.96 and its 200-day simple moving average is $139.27. The firm has a market cap of $207.21 billion, a PE ratio of 28.81, a P/E/G ratio of 3.62 and a beta of 0.46.

PepsiCo (NASDAQ:PEP - Get Free Report) last posted its quarterly earnings results on Thursday, October 9th. The company reported $2.29 EPS for the quarter, topping the consensus estimate of $2.26 by $0.03. PepsiCo had a return on equity of 57.58% and a net margin of 7.82%.The business had revenue of $23.94 billion for the quarter, compared to analyst estimates of $23.91 billion. During the same quarter in the previous year, the firm earned $2.31 EPS. The company'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. As a group, equities analysts anticipate that PepsiCo, Inc. will post 8.3 earnings per share for the current year.

PepsiCo Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, September 30th. Stockholders of record on Friday, September 5th were issued a dividend of $1.4225 per share. This represents a $5.69 annualized dividend and a dividend yield of 3.8%. The ex-dividend date was Friday, September 5th. PepsiCo's payout ratio is currently 108.17%.

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.

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