Goldstone Financial Group LLC Buys 3,460 Shares of PepsiCo, Inc. $PEP

Key Points

• Goldstone Financial Group LLC boosted its stake in PepsiCo, Inc. by 65.7%, purchasing an additional 3,460 shares, bringing its total holdings to 8,723 shares valued at approximately $1.18 million.
• PepsiCo recently reported earnings surpassing estimates, with revenue of $22.73 billion for the quarter, up 1% year-over-year, and earnings per share of $2.12.
• The company declared a quarterly dividend of $1.4225 per share, representing an annualized dividend yield of 4.0% and a payout ratio of 103.64%.

Goldstone Financial Group LLC increased its stake in shares of PepsiCo, Inc. (NASDAQ:PEP - Free Report) by 65.7% in the 2nd quarter, according to its most recent 13F filing with the SEC. The firm owned 8,723 shares of the company's stock after buying an additional 3,460 shares during the period. Goldstone Financial Group LLC's holdings in PepsiCo were worth $1,181,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also bought and sold shares of PEP. Brighton Jones LLC raised its stake in PepsiCo by 12.4% in the 4th quarter. Brighton Jones LLC now owns 59,392 shares of the company's stock worth $9,031,000 after purchasing an additional 6,574 shares in the last quarter. Bank Pictet & Cie Europe AG raised its stake in PepsiCo by 2.5% in the 4th quarter. Bank Pictet & Cie Europe AG now owns 470,387 shares of the company's stock worth $71,527,000 after purchasing an additional 11,538 shares in the last quarter. Trace Wealth Advisors LLC acquired a new stake in PepsiCo in the 4th quarter worth about $373,000. Tidal Investments LLC raised its stake in PepsiCo by 33.7% in the 4th quarter. Tidal Investments LLC now owns 101,266 shares of the company's stock worth $15,399,000 after purchasing an additional 25,547 shares in the last quarter. Finally, Texas Bank & Trust Co acquired a new stake in PepsiCo in the 4th quarter worth about $1,204,000. Institutional investors and hedge funds own 73.07% of the company's stock.

PepsiCo Trading Down 0.5%

PEP opened at $143.53 on Monday. PepsiCo, Inc. has a fifty-two week low of $127.60 and a fifty-two week high of $179.43. 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 firm has a market capitalization of $196.50 billion, a price-to-earnings ratio of 26.14, a PEG ratio of 3.63 and a beta of 0.46. The company's 50 day moving average price is $143.81 and its two-hundred day moving average price is $140.44.

PepsiCo (NASDAQ:PEP - Get Free Report) last posted its earnings results on Thursday, July 17th. The company reported $2.12 earnings per share for the quarter, topping analysts' consensus estimates of $2.03 by $0.09. PepsiCo had a net margin of 8.23% and a return on equity of 57.81%. The firm had revenue of $22.73 billion for the quarter, compared to analyst estimates of $22.28 billion. During the same period in the previous year, the firm posted $2.28 EPS. The company's revenue for the quarter was up 1.0% compared to the same quarter last year. PepsiCo has set its FY 2025 guidance at 8.038-8.038 EPS. As a group, research analysts predict that PepsiCo, Inc. will post 8.3 earnings per share for the current year.

PepsiCo Announces Dividend

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

Analysts Set New Price Targets

Several brokerages have recently commented on PEP. Deutsche Bank Aktiengesellschaft restated a "buy" rating on shares of PepsiCo in a research report on Thursday, July 17th. Bank of America dropped their target price on shares of PepsiCo from $150.00 to $145.00 and set a "neutral" rating for the company in a research report on Friday, July 11th. JPMorgan Chase & Co. dropped their target price 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. Citigroup boosted their target price on shares of PepsiCo from $160.00 to $168.00 and gave the company a "buy" rating in a research report on Friday, July 18th. Finally, Cowen restated a "hold" rating on shares of PepsiCo in a research 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 given a Sell rating to the company. According to data from MarketBeat, PepsiCo has an average rating of "Hold" and an average target price of $158.67.

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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