Arista Wealth Management LLC Invests $464,000 in PepsiCo, Inc. $PEP

Key Points

• Arista Wealth Management LLC invested approximately $464,000 in PepsiCo by purchasing 3,513 shares, highlighting increased institutional interest in the stock.
• PepsiCo's latest earnings report showed an EPS of $2.29, exceeding analysts' expectations, and a revenue of $23.94 billion, which is a 2.7% increase year-over-year.
• The company has announced a quarterly dividend of $1.4225 per share, representing an annualized dividend yield of 3.7% amid a high dividend payout ratio of 108.17%.

Arista Wealth Management LLC purchased a new position in shares of PepsiCo, Inc. (NASDAQ:PEP - Free Report) in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The firm purchased 3,513 shares of the company's stock, valued at approximately $464,000.

Other large investors also recently modified their holdings of the company. Nova Wealth Management Inc. purchased a new stake in shares of PepsiCo during the 1st quarter worth approximately $25,000. Elite Financial Inc. purchased a new position in PepsiCo in the 1st quarter valued at approximately $28,000. Legend Financial Advisors Inc. purchased a new position in PepsiCo in the 2nd quarter valued at approximately $29,000. Frazier Financial Advisors LLC grew its stake in PepsiCo by 85.3% in the 2nd quarter. Frazier Financial Advisors LLC now owns 265 shares of the company's stock valued at $35,000 after buying an additional 122 shares in the last quarter. Finally, Investment Research & Advisory Group Inc. grew its stake in PepsiCo by 263.6% in the 2nd 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 in the last quarter. Hedge funds and other institutional investors own 73.07% of the company's stock.

PepsiCo Stock Up 0.7%

PEP opened at $153.71 on Friday. The company has a current ratio of 0.91, a quick ratio of 0.72 and a debt-to-equity ratio of 2.26. PepsiCo, Inc. has a 1-year low of $127.60 and a 1-year high of $177.50. The company has a market capitalization of $210.17 billion, a PE ratio of 29.22, a PEG ratio of 3.71 and a beta of 0.46. The firm's 50 day simple moving average is $145.51 and its two-hundred day simple moving average is $139.40.

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, topping analysts' consensus estimates of $2.26 by $0.03. The firm had revenue of $23.94 billion during the quarter, compared to analysts' expectations of $23.91 billion. PepsiCo had a net margin of 7.82% and a return on equity of 57.58%. The company's revenue for the quarter was up 2.7% compared to the same quarter last year. During the same period in the prior year, the company posted $2.31 earnings per share. PepsiCo has set its FY 2025 guidance at 8.120-8.120 EPS. As a group, equities analysts forecast that PepsiCo, Inc. will post 8.3 EPS for the current year.

PepsiCo Announces Dividend

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. This represents a $5.69 annualized dividend and a dividend yield of 3.7%. The ex-dividend date was Friday, September 5th. PepsiCo's dividend payout ratio (DPR) is 108.17%.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on PEP shares. Jefferies Financial Group lifted their price objective on shares of PepsiCo from $161.00 to $163.00 and gave the company a "hold" rating in a research note on Friday, October 10th. Evercore ISI raised their price target on shares of PepsiCo from $150.00 to $152.00 in a report on Friday, October 10th. Royal Bank Of Canada cut their price target on shares of PepsiCo from $146.00 to $145.00 and set a "sector perform" rating for the company in a report on Monday, September 15th. UBS Group dropped their price objective on shares of PepsiCo from $175.00 to $170.00 and set a "buy" rating for the company in a report on Thursday, September 11th. Finally, The Goldman Sachs Group boosted their price target on shares of PepsiCo from $165.00 to $167.00 and gave the stock a "buy" rating in a research note on Friday, October 10th. Six equities research analysts have rated the stock with a Buy rating, fourteen have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus target price of $156.00.

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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