1,932 Shares in PepsiCo, Inc. $PEP Acquired by Family Legacy Financial Solutions LLC

Key Points

• Family Legacy Financial Solutions LLC has acquired a new stake in PepsiCo, purchasing 1,932 shares valued at approximately $255,000 during the 2nd quarter.
• Multiple institutional investors have modified their positions in PepsiCo, indicating strong interest in the company as institutional investors now own 73.07% of its stock.
• PepsiCo recently reported earnings of $2.12 EPS for the quarter, surpassing estimates and generating a revenue of $22.73 billion, a 1% increase compared to the previous year.

Family Legacy Financial Solutions LLC purchased a new stake in PepsiCo, Inc. (NASDAQ:PEP - Free Report) during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm purchased 1,932 shares of the company's stock, valued at approximately $255,000.

Several other hedge funds and other institutional investors also recently modified their holdings of the stock. Nova Wealth Management Inc. purchased a new position in PepsiCo during the first quarter valued at $25,000. Elite Financial Inc. purchased a new position in PepsiCo during the first quarter worth about $28,000. Sunbeam Capital Management LLC acquired a new stake in PepsiCo in the fourth quarter valued at approximately $47,000. MorganRosel Wealth Management LLC acquired a new position in shares of PepsiCo in the 1st quarter valued at $55,000. Finally, Migdal Insurance & Financial Holdings Ltd. acquired a new position in shares of PepsiCo during the 1st quarter worth $58,000. Hedge funds and other institutional investors own 73.07% of the company's stock.

PepsiCo Stock Up 0.7%

Shares of NASDAQ:PEP traded up $1.03 during midday trading on Friday, reaching $141.76. The company had a trading volume of 12,355,480 shares, compared to its average volume of 7,696,786. The stock's fifty day moving average price is $144.39 and its 200-day moving average price is $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. The stock has a market capitalization of $194.08 billion, a P/E ratio of 25.82, a PEG ratio of 3.58 and a beta of 0.46. PepsiCo, Inc. has a one year low of $127.60 and a one year high of $177.50.

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

PepsiCo Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 30th. Investors of record on Friday, September 5th will be issued a $1.4225 dividend. The ex-dividend date of this dividend is Friday, September 5th. This represents a $5.69 annualized dividend and a dividend yield of 4.0%. PepsiCo's payout ratio is presently 103.64%.

Analyst Upgrades and Downgrades

A number of research firms have commented on PEP. UBS Group reduced their price objective on shares of PepsiCo from $175.00 to $170.00 and set a "buy" rating on the stock in a research note on Thursday, September 11th. Cowen reaffirmed a "hold" rating on shares of PepsiCo in a research note on Thursday, July 17th. Barclays increased their price target on PepsiCo from $132.00 to $144.00 and gave the stock an "equal weight" rating in a report on Monday, July 21st. Citigroup raised their price objective on PepsiCo from $160.00 to $168.00 and gave the stock a "buy" rating in a research note on Friday, July 18th. Finally, Deutsche Bank Aktiengesellschaft reissued a "buy" rating on shares of PepsiCo in a report on Thursday, July 17th. Four research analysts have rated the stock with a Buy rating, fourteen have assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus price target of $158.60.

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.