Almanack Investment Partners LLC. Acquires 3,530 Shares of PepsiCo, Inc. $PEP

Key Points

• Almanack Investment Partners LLC increased its stake in PepsiCo by 205.4% in Q2, owning a total of 5,249 shares valued at approximately $693,000.
• PepsiCo reported Q3 earnings of $2.29 EPS, exceeding analyst estimates of $2.26, with revenues of $23.94 billion for the quarter.
• The company's quarterly dividend was set at $1.4225, yielding 3.8% with a payout ratio of 108.17%.

Almanack Investment Partners LLC. grew its stake in shares of PepsiCo, Inc. (NASDAQ:PEP - Free Report) by 205.4% in the second quarter, according to its most recent disclosure with the SEC. The fund owned 5,249 shares of the company's stock after buying an additional 3,530 shares during the period. Almanack Investment Partners LLC.'s holdings in PepsiCo were worth $693,000 as of its most recent filing with the SEC.

Other large investors have also made changes to their positions in 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 shares of PepsiCo during the first quarter valued at about $28,000. Legend Financial Advisors Inc. acquired a new position in shares of PepsiCo during the second quarter valued at about $29,000. Investment Research & Advisory Group Inc. raised its position in shares of PepsiCo by 263.6% during the second 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, RMG Wealth Management LLC acquired a new position in shares of PepsiCo during the second quarter valued at about $45,000. Institutional investors and hedge funds own 73.07% of the company's stock.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on PEP shares. JPMorgan Chase & Co. cut their price objective on shares of PepsiCo from $157.00 to $151.00 and set a "neutral" rating for the company in a research report on Monday, October 6th. Evercore ISI increased their price target on shares of PepsiCo from $150.00 to $152.00 in a research report on Friday. BNP Paribas Exane dropped their price target on shares of PepsiCo from $152.00 to $150.00 and set a "neutral" rating for the company in a research report on Monday, October 6th. Weiss Ratings reissued a "hold (c-)" rating on shares of PepsiCo in a research report on Saturday, September 27th. Finally, UBS Group dropped their price target on shares of PepsiCo from $175.00 to $170.00 and set a "buy" rating for the company in a research report on Thursday, September 11th. Five equities research analysts have rated the stock with a Buy rating and fourteen have given a Hold rating to the company's stock. According to data from MarketBeat.com, PepsiCo has a consensus rating of "Hold" and an average target price of $157.75.

PepsiCo Price Performance

PEP opened at $150.08 on Monday. PepsiCo, Inc. has a one year low of $127.60 and a one year high of $177.50. The company has a debt-to-equity ratio of 2.26, a current ratio of 0.91 and a quick ratio of 0.72. The company's 50 day simple moving average is $144.53 and its 200-day simple moving average is $139.19. The stock has a market capitalization of $205.47 billion, a P/E ratio of 28.53, a price-to-earnings-growth ratio of 3.75 and a beta of 0.46.

PepsiCo (NASDAQ:PEP - Get Free Report) last announced its quarterly earnings data on Thursday, October 9th. The company reported $2.29 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $2.26 by $0.03. PepsiCo had a net margin of 7.82% and a return on equity of 57.58%. The firm had revenue of $23.94 billion for the quarter, compared to analysts' expectations of $23.91 billion. During the same period last year, the firm earned $2.31 earnings per share. The business's revenue for the quarter was up 2.7% on a year-over-year basis. PepsiCo has set its FY 2025 guidance at 8.120-8.120 EPS. Sell-side analysts anticipate that PepsiCo, Inc. will post 8.3 earnings per share for the current fiscal year.

PepsiCo Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, September 30th. Shareholders of record on Friday, September 5th were paid a $1.4225 dividend. The ex-dividend date of this dividend was Friday, September 5th. This represents a $5.69 dividend on an annualized basis and a yield of 3.8%. PepsiCo's dividend payout ratio (DPR) is presently 108.17%.

PepsiCo Company 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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