Jackson Thornton Wealth Management LLC Acquires 2,616 Shares of PepsiCo, Inc. $PEP

Key Points

• Jackson Thornton Wealth Management LLC significantly increased its stake in PepsiCo by purchasing 2,616 shares, raising their total holdings to 4,148 shares valued at approximately $560,000.
• Wall Street analysts have varying outlooks on PepsiCo, with target prices ranging from $140.00 to $162.00, and a consensus rating of "Hold" with a target price of $156.00.
• PepsiCo recently reported earnings that exceeded expectations, with $2.29 EPS for the quarter, and also announced a quarterly dividend of $1.4225 per share, reflecting a yield of 3.7%.

Jackson Thornton Wealth Management LLC lifted its holdings in PepsiCo, Inc. (NASDAQ:PEP - Free Report) by 170.8% during the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 4,148 shares of the company's stock after purchasing an additional 2,616 shares during the period. Jackson Thornton Wealth Management LLC's holdings in PepsiCo were worth $560,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Nova Wealth Management Inc. purchased a new stake in PepsiCo in the 1st quarter worth approximately $25,000. Elite Financial Inc. purchased a new stake in PepsiCo in the 1st quarter worth approximately $28,000. Legend Financial Advisors Inc. purchased a new stake in PepsiCo in the 2nd quarter worth approximately $29,000. Frazier Financial Advisors LLC increased its holdings in PepsiCo by 85.3% in the 2nd quarter. Frazier Financial Advisors LLC now owns 265 shares of the company's stock worth $35,000 after acquiring an additional 122 shares in the last quarter. Finally, Investment Research & Advisory Group Inc. increased its holdings in PepsiCo by 263.6% in the 2nd quarter. Investment Research & Advisory Group Inc. now owns 320 shares of the company's stock worth $42,000 after acquiring an additional 232 shares in the last quarter. 73.07% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on the stock. Evercore ISI increased their target price on shares of PepsiCo from $150.00 to $152.00 in a report on Friday, October 10th. Piper Sandler increased their price objective on shares of PepsiCo from $160.00 to $162.00 and gave the company an "overweight" rating in a report on Friday, October 10th. Royal Bank Of Canada cut their price objective 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. Barclays increased their price objective on shares of PepsiCo from $140.00 to $142.00 and gave the company an "equal weight" rating in a report on Friday, October 10th. Finally, Deutsche Bank Aktiengesellschaft reaffirmed a "buy" rating on shares of PepsiCo in a report on Thursday, July 17th. Six investment analysts have rated the stock with a Buy rating, fourteen have issued a Hold rating and one has given a Sell rating to the company's stock. Based on data from MarketBeat.com, PepsiCo currently has a consensus rating of "Hold" and a consensus price target of $156.00.

PepsiCo Price Performance

PEP stock opened at $153.64 on Tuesday. The firm has a market capitalization of $210.08 billion, a P/E ratio of 29.21, a price-to-earnings-growth ratio of 3.74 and a beta of 0.46. The company has a fifty day simple moving average of $145.69 and a two-hundred day simple moving average of $139.29. PepsiCo, Inc. has a 52 week low of $127.60 and a 52 week high of $177.50. The company has a quick ratio of 0.72, a current ratio of 0.91 and a debt-to-equity ratio of 2.26.

PepsiCo (NASDAQ:PEP - Get Free Report) last issued its quarterly earnings results 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 company had revenue of $23.94 billion during the quarter, compared to the consensus estimate of $23.91 billion. PepsiCo had a return on equity of 57.58% and a net margin of 7.82%.PepsiCo's revenue was up 2.7% on a year-over-year basis. During the same period last year, the company earned $2.31 earnings per share. PepsiCo has set its FY 2025 guidance at 8.120-8.120 EPS. Analysts anticipate that PepsiCo, Inc. will post 8.3 earnings per share for the current fiscal year.

PepsiCo Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, September 30th. Stockholders of record on Friday, September 5th were given a dividend of $1.4225 per share. 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%.

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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