Allegiance Financial Group Advisory Services LLC Makes New $244,000 Investment in PepsiCo, Inc. $PEP

Key Points

• Allegiance Financial Group Advisory Services LLC has made a new investment in PepsiCo, acquiring 1,848 shares valued at approximately $244,000 in the second quarter.
• PepsiCo reported earnings of $2.12 per share for the last quarter, exceeding consensus estimates, with revenue of $22.73 billion, up 1% year-over-year.
• The company has announced a quarterly dividend of $1.4225, resulting in a 4.1% dividend yield, while maintaining a dividend payout ratio of 103.64%.

Allegiance Financial Group Advisory Services LLC acquired a new position in PepsiCo, Inc. (NASDAQ:PEP - Free Report) in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 1,848 shares of the company's stock, valued at approximately $244,000.

A number of other large investors have also modified their holdings of PEP. Nova Wealth Management Inc. acquired a new position in shares of PepsiCo during the 1st quarter worth about $25,000. Elite Financial Inc. acquired a new position in shares of PepsiCo during the 1st quarter worth about $28,000. Legend Financial Advisors Inc. acquired a new position in shares of PepsiCo during the 2nd quarter worth about $29,000. RMG Wealth Management LLC acquired a new position in shares of PepsiCo during the 2nd quarter worth about $45,000. Finally, Investment Research & Advisory Group Inc. raised its position in shares of PepsiCo by 263.6% during the 2nd quarter. Investment Research & Advisory Group Inc. now owns 320 shares of the company's stock worth $42,000 after purchasing an additional 232 shares during the last quarter. Institutional investors and hedge funds own 73.07% of the company's stock.

PepsiCo Stock Performance

PepsiCo stock opened at $138.84 on Thursday. The firm has a 50 day simple moving average of $144.18 and a 200-day simple moving average of $139.30. PepsiCo, Inc. has a 1-year low of $127.60 and a 1-year high of $177.50. The company has a debt-to-equity ratio of 2.12, a current ratio of 0.78 and a quick ratio of 0.60. The stock has a market cap of $190.08 billion, a price-to-earnings ratio of 25.29, a price-to-earnings-growth ratio of 3.55 and a beta of 0.46.

PepsiCo (NASDAQ:PEP - Get Free Report) last posted its quarterly earnings results 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. PepsiCo had a net margin of 8.23% and a return on equity of 57.81%. The business had revenue of $22.73 billion during the quarter, compared to analysts' expectations of $22.28 billion. During the same quarter in the prior year, the company posted $2.28 EPS. The business's revenue for the quarter was up 1.0% on a year-over-year basis. PepsiCo has set its FY 2025 guidance at 8.038-8.038 EPS. On average, analysts expect that PepsiCo, Inc. will post 8.3 EPS for the current year.

PepsiCo Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 30th. Stockholders of record on Friday, September 5th were issued a $1.4225 dividend. This represents a $5.69 annualized dividend and a dividend yield of 4.1%. The ex-dividend date was Friday, September 5th. PepsiCo's dividend payout ratio is currently 103.64%.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on PEP shares. Wells Fargo & Company reduced their price target on shares of PepsiCo from $154.00 to $150.00 and set an "equal weight" rating for the company in a research report on Thursday, September 25th. Deutsche Bank Aktiengesellschaft reaffirmed a "buy" rating on shares of PepsiCo in a research note on Thursday, July 17th. Royal Bank Of Canada dropped their price objective on shares of PepsiCo from $146.00 to $145.00 and set a "sector perform" rating for the company in a research note on Monday, September 15th. JPMorgan Chase & Co. dropped their price objective on shares of PepsiCo from $157.00 to $151.00 and set a "neutral" rating for the company in a research note on Monday. Finally, BNP Paribas Exane dropped their price objective on shares of PepsiCo from $152.00 to $150.00 and set a "neutral" rating for the company in a research note on Monday. Four equities research analysts have rated the stock with a Buy rating, fifteen have assigned a Hold rating and two have issued a Sell rating to the company's stock. Based on data from MarketBeat, the company currently has a consensus 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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