Boomfish Wealth Group LLC Buys 1,966 Shares of PepsiCo, Inc. $PEP

Key Points

• Boomfish Wealth Group LLC increased its stake in PepsiCo by 20% during the second quarter, owning a total of 11,806 shares valued at approximately $1.56 million.
• PepsiCo's quarterly earnings report showed $2.12 earnings per share, surpassing analysts' expectations, with revenues of $22.73 billion for the quarter.
• The company recently announced a quarterly dividend of $1.4225 per share, representing an annualized dividend yield of 4.1%.

Boomfish Wealth Group LLC lifted its stake in shares of PepsiCo, Inc. (NASDAQ:PEP - Free Report) by 20.0% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 11,806 shares of the company's stock after purchasing an additional 1,966 shares during the quarter. Boomfish Wealth Group LLC's holdings in PepsiCo were worth $1,559,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently made changes to their positions in PEP. Nuveen LLC bought a new stake in shares of PepsiCo during the 1st quarter valued at approximately $946,978,000. Kingstone Capital Partners Texas LLC bought a new stake in shares of PepsiCo during the 2nd quarter valued at approximately $460,110,000. Assenagon Asset Management S.A. grew its holdings in PepsiCo by 106.1% during the 1st quarter. Assenagon Asset Management S.A. now owns 3,514,965 shares of the company's stock worth $527,034,000 after acquiring an additional 1,809,391 shares during the last quarter. Vanguard Group Inc. grew its holdings in PepsiCo by 1.4% during the 1st 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 during the last quarter. Finally, Charles Schwab Investment Management Inc. grew its holdings in PepsiCo by 5.0% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 26,475,241 shares of the company's stock worth $3,969,698,000 after acquiring an additional 1,258,198 shares during the last quarter. 73.07% of the stock is owned by institutional investors.

PepsiCo Stock Down 1.4%

Shares of NASDAQ PEP opened at $138.84 on Thursday. The company has a market capitalization of $190.08 billion, a P/E ratio of 25.29, a price-to-earnings-growth ratio of 3.55 and a beta of 0.46. PepsiCo, Inc. has a 52-week low of $127.60 and a 52-week high of $177.50. The company has a debt-to-equity ratio of 2.12, a quick ratio of 0.60 and a current ratio of 0.78. The company's 50 day moving average price is $144.18 and its 200-day moving average price is $139.30.

PepsiCo (NASDAQ:PEP - Get Free Report) last issued its quarterly earnings results 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 firm had revenue of $22.73 billion for the quarter, compared to the consensus estimate of $22.28 billion. PepsiCo had a net margin of 8.23% and a return on equity of 57.81%. The company's revenue for the quarter was up 1.0% on a year-over-year basis. During the same quarter in the previous year, the company earned $2.28 EPS. PepsiCo has set its FY 2025 guidance at 8.038-8.038 EPS. Equities analysts forecast that PepsiCo, Inc. will post 8.3 earnings per share for the current year.

PepsiCo Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, September 30th. Investors of record on Friday, September 5th were given a dividend of $1.4225 per share. This represents a $5.69 dividend on an annualized basis and a dividend yield of 4.1%. The ex-dividend date was Friday, September 5th. PepsiCo's payout ratio is presently 103.64%.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on PEP. Weiss Ratings reissued a "hold (c-)" rating on shares of PepsiCo in a report on Saturday, September 27th. Bank of America reduced their target price 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. Deutsche Bank Aktiengesellschaft reissued a "buy" rating on shares of PepsiCo in a report on Thursday, July 17th. Barclays reissued a "cautious" rating on shares of PepsiCo in a report on Friday, October 3rd. Finally, Royal Bank Of Canada reduced their target price on shares of PepsiCo from $146.00 to $145.00 and set a "sector perform" rating on the stock in a report on Monday, September 15th. Four equities research analysts have rated the stock with a Buy rating, fifteen have assigned a Hold rating and two have given a Sell rating to the company. According to MarketBeat, the stock presently has a consensus rating of "Hold" and an average target price of $158.13.

About PepsiCo

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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