Allen Mooney & Barnes Investment Advisors LLC Purchases 1,853 Shares of PepsiCo, Inc. $PEP

Key Points

• Allen Mooney & Barnes Investment Advisors LLC increased its stake in PepsiCo, Inc. by 3.8%, acquiring an additional 1,853 shares, bringing its total holdings to 50,152 shares worth approximately $6.62 million.
• Analysts have mixed views on PepsiCo, with Citigroup raising its target price to $168.00 while Bank of America lowered its target to $145.00, reflecting a consensus rating of Hold.
• PepsiCo announced a quarterly dividend of $1.4225 per share, with an annualized dividend yield of 4.0%, despite a high payout ratio of 103.64%.

Allen Mooney & Barnes Investment Advisors LLC boosted its position in PepsiCo, Inc. (NASDAQ:PEP - Free Report) by 3.8% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 50,152 shares of the company's stock after acquiring an additional 1,853 shares during the quarter. Allen Mooney & Barnes Investment Advisors LLC's holdings in PepsiCo were worth $6,622,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in the stock. Hickory Point Bank & Trust boosted its position in PepsiCo by 5.6% in the second quarter. Hickory Point Bank & Trust now owns 3,316 shares of the company's stock valued at $438,000 after buying an additional 175 shares in the last quarter. Canandaigua National Bank & Trust Co. boosted its position in PepsiCo by 1.8% in the second quarter. Canandaigua National Bank & Trust Co. now owns 67,396 shares of the company's stock valued at $8,899,000 after buying an additional 1,206 shares in the last quarter. Goldstone Financial Group LLC boosted its position in PepsiCo by 65.7% in the second quarter. Goldstone Financial Group LLC now owns 8,723 shares of the company's stock valued at $1,181,000 after buying an additional 3,460 shares in the last quarter. Bard Financial Services Inc. boosted its position in PepsiCo by 1.3% in the second quarter. Bard Financial Services Inc. now owns 74,836 shares of the company's stock valued at $9,881,000 after buying an additional 965 shares in the last quarter. Finally, Heartwood Wealth Advisors LLC boosted its position in PepsiCo by 18.5% in the second quarter. Heartwood Wealth Advisors LLC now owns 7,011 shares of the company's stock valued at $926,000 after buying an additional 1,094 shares in the last quarter. Institutional investors and hedge funds own 73.07% of the company's stock.

Analysts Set New Price Targets

A number of analysts have weighed in on the stock. Citigroup raised their target price on shares of PepsiCo from $160.00 to $168.00 and gave the company a "buy" rating in a research report on Friday, July 18th. Bank of America cut their price target on shares of PepsiCo from $150.00 to $145.00 and set a "neutral" rating on the stock in a report on Friday, July 11th. UBS Group reduced their price target on PepsiCo from $175.00 to $170.00 and set a "buy" rating on the stock in a research report on Thursday. Royal Bank Of Canada restated a "sector perform" rating and set a $146.00 price objective on shares of PepsiCo in a research report on Wednesday, September 3rd. Finally, JPMorgan Chase & Co. reduced their target price on PepsiCo from $150.00 to $139.00 and set a "neutral" rating on the stock in a report on Thursday, July 10th. Four investment analysts have rated the stock with a Buy rating, fourteen have issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the company has a consensus rating of "Hold" and a consensus target price of $158.67.

PepsiCo Stock Down 0.5%

PepsiCo stock opened at $143.53 on Monday. The company has a quick ratio of 0.60, a current ratio of 0.78 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 $179.43. The firm's fifty day moving average is $143.81 and its 200 day moving average is $140.44. The company has a market capitalization of $196.50 billion, a PE ratio of 26.14, a PEG ratio of 3.63 and a beta of 0.46.

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

PepsiCo Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, September 30th. Investors of record on Friday, September 5th will be given a dividend of $1.4225 per share. This represents a $5.69 dividend on an annualized basis and a dividend yield of 4.0%. The ex-dividend date is Friday, September 5th. PepsiCo's payout ratio is presently 103.64%.

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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