7,500 Shares in PepsiCo, Inc. $PEP Acquired by Koa Wealth Management LLC

Key Points

• Koa Wealth Management LLC has acquired a new stake in PepsiCo, Inc. by purchasing 7,500 shares valued at approximately $990,000 in the second quarter.
• PepsiCo reported $2.29 earnings per share for the last quarter, exceeding analyst estimates, with quarterly revenue of $23.94 billion, a 2.7% increase from the previous year.
• The company's annualized dividend stands at $5.69 with a dividend yield of 3.7%, though it has a dividend payout ratio of 108.17%.

Koa Wealth Management LLC bought a new stake in PepsiCo, Inc. (NASDAQ:PEP - Free Report) in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 7,500 shares of the company's stock, valued at approximately $990,000.

A number of other institutional investors have also recently added to or reduced their stakes in PEP. Nova Wealth Management Inc. acquired a new stake in PepsiCo in the first quarter valued at approximately $25,000. Elite Financial Inc. acquired a new stake in PepsiCo in the first quarter valued at approximately $28,000. Legend Financial Advisors Inc. acquired a new stake in PepsiCo in the second quarter valued at approximately $29,000. Frazier Financial Advisors LLC lifted its stake in 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 acquiring an additional 122 shares during the last quarter. Finally, Investment Research & Advisory Group Inc. lifted its stake in shares of PepsiCo by 263.6% in the second 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 last quarter. 73.07% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of brokerages have recently weighed in on PEP. Jefferies Financial Group boosted 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. Citigroup decreased their target price on PepsiCo from $168.00 to $165.00 and set a "buy" rating for the company in a research note on Thursday, September 25th. Barclays lifted their price target on PepsiCo from $140.00 to $142.00 and gave the stock an "equal weight" rating in a research report on Friday, October 10th. Rothschild & Co Redburn increased their price objective on PepsiCo from $115.00 to $117.00 and gave the company a "sell" rating in a research report on Monday. Finally, Bank of America boosted their target price on shares of PepsiCo from $150.00 to $155.00 and gave the stock a "neutral" rating in a research report on Friday, October 10th. 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. Based on data from MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus target price of $156.00.

PepsiCo Trading Up 1.0%

Shares of PEP stock opened at $152.67 on Friday. PepsiCo, Inc. has a 52-week low of $127.60 and a 52-week high of $177.50. The stock has a market cap of $208.75 billion, a price-to-earnings ratio of 29.02, a P/E/G ratio of 3.68 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. The firm has a fifty day moving average of $145.34 and a 200-day moving average of $139.37.

PepsiCo (NASDAQ:PEP - Get Free Report) last posted its earnings results on Thursday, October 9th. The company reported $2.29 earnings per share for the quarter, topping the consensus estimate of $2.26 by $0.03. PepsiCo had a net margin of 7.82% and a return on equity of 57.58%. 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 prior year, the firm earned $2.31 EPS. The firm'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. On average, equities research analysts forecast that PepsiCo, Inc. will post 8.3 earnings per share for the current fiscal year.

PepsiCo Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, September 30th. Stockholders 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 annualized dividend and a dividend yield of 3.7%. PepsiCo's dividend payout ratio is presently 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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