PepsiCo, Inc. $PEP Shares Bought by ARS Wealth Advisors Group LLC

Key Points

• ARS Wealth Advisors Group LLC increased its stake in PepsiCo, Inc. by 3.7%, owning 104,286 shares valued at approximately $13.77 million as of the latest SEC filing.
• PepsiCo reported earnings of $2.12 EPS for the quarter, exceeding analysts' expectations of $2.03, with revenues of $22.73 billion, up 1.0% year-over-year.
• The company announced a quarterly dividend of $1.4225 per share, yielding 4.0%, with a payout ratio of 103.64% and the dividend to be paid on September 30th.

ARS Wealth Advisors Group LLC increased its position in shares of PepsiCo, Inc. (NASDAQ:PEP - Free Report) by 3.7% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 104,286 shares of the company's stock after purchasing an additional 3,681 shares during the quarter. PepsiCo accounts for approximately 1.6% of ARS Wealth Advisors Group LLC's investment portfolio, making the stock its 22nd largest position. ARS Wealth Advisors Group LLC's holdings in PepsiCo were worth $13,770,000 at the end of the most recent reporting period.

Several other institutional investors have also recently bought and sold shares of the business. Vanguard Group Inc. raised its stake in PepsiCo by 1.4% during the first quarter. Vanguard Group Inc. now owns 135,174,252 shares of the company's stock worth $20,268,027,000 after acquiring an additional 1,802,748 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its holdings in PepsiCo by 5.0% in the first quarter. Charles Schwab Investment Management Inc. now owns 26,475,241 shares of the company's stock valued at $3,969,698,000 after acquiring an additional 1,258,198 shares during the last quarter. Bank of New York Mellon Corp boosted its holdings in PepsiCo by 0.4% in the first quarter. Bank of New York Mellon Corp now owns 14,062,857 shares of the company's stock valued at $2,108,585,000 after acquiring an additional 49,699 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its holdings in shares of PepsiCo by 1.8% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 11,525,812 shares of the company's stock worth $1,728,180,000 after buying an additional 208,292 shares in the last quarter. Finally, Invesco Ltd. grew its position in PepsiCo by 4.5% in the 1st quarter. Invesco Ltd. now owns 11,328,158 shares of the company's stock valued at $1,698,544,000 after purchasing an additional 491,894 shares during the period. Institutional investors and hedge funds own 73.07% of the company's stock.

Analyst Ratings Changes

PEP has been the subject of several research reports. JPMorgan Chase & Co. reduced their price target on shares of PepsiCo from $150.00 to $139.00 and set a "neutral" rating for the company in a research report on Thursday, July 10th. Cowen reaffirmed a "hold" rating on shares of PepsiCo in a report on Thursday, July 17th. Morgan Stanley boosted their price objective on PepsiCo from $153.00 to $165.00 and gave the stock an "equal weight" rating in a report on Friday, July 18th. Barclays upped their target price on PepsiCo from $132.00 to $144.00 and gave the stock an "equal weight" rating in a research note on Monday, July 21st. Finally, UBS Group decreased their target price on PepsiCo from $175.00 to $170.00 and set a "buy" rating for the company in a report on Thursday, September 11th. Four investment 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. According to MarketBeat, PepsiCo presently has an average rating of "Hold" and an average price target of $158.60.

PepsiCo Stock Performance

Shares of PEP stock traded up $1.03 during trading hours on Friday, reaching $141.76. 12,355,480 shares of the company traded hands, compared to its average volume of 7,696,786. The firm has a 50-day moving average price of $144.39 and a 200 day moving average price of $140.07. The company has a debt-to-equity ratio of 2.12, a current ratio of 0.78 and a quick ratio of 0.60. PepsiCo, Inc. has a 12-month low of $127.60 and a 12-month high of $177.50. The company has a market cap of $194.08 billion, a P/E ratio of 25.82, a P/E/G ratio of 3.58 and a beta of 0.46.

PepsiCo (NASDAQ:PEP - Get Free Report) last released its quarterly earnings data on Thursday, July 17th. The company reported $2.12 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $2.03 by $0.09. The business had revenue of $22.73 billion for the quarter, compared to the consensus estimate of $22.28 billion. PepsiCo had a return on equity of 57.81% and a net margin of 8.23%.The company's revenue was up 1.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $2.28 EPS. 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 earnings per share for the current fiscal year.

PepsiCo Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, September 30th. Shareholders of record on Friday, September 5th will be paid a $1.4225 dividend. The ex-dividend date is Friday, September 5th. This represents a $5.69 dividend on an annualized basis and a yield of 4.0%. PepsiCo's dividend payout ratio (DPR) is 103.64%.

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.