Kaufman Rossin Wealth LLC Invests $289,000 in PepsiCo, Inc. $PEP

Key Points

• Kaufman Rossin Wealth LLC acquired 2,185 shares of PepsiCo, valued at approximately $289,000, during the second quarter, marking a significant addition to their portfolio.
• PepsiCo reported earnings of $2.12 per share for the recent quarter, exceeding analyst expectations of $2.03, along with a revenue of $22.73 billion, which also surpassed forecasts.
• The company will pay a dividend of $1.4225 per share on September 30th, indicating a 4.0% dividend yield and a payout ratio of 103.64%.

Kaufman Rossin Wealth LLC acquired a new position in shares of PepsiCo, Inc. (NASDAQ:PEP - Free Report) in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund acquired 2,185 shares of the company's stock, valued at approximately $289,000.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Vantage Wealth lifted its position in PepsiCo by 10.9% during the second quarter. Vantage Wealth now owns 133,905 shares of the company's stock worth $17,681,000 after buying an additional 13,172 shares during the period. Butensky & Cohen Financial Security Inc. increased its position in shares of PepsiCo by 6.9% in the 2nd quarter. Butensky & Cohen Financial Security Inc. now owns 27,004 shares of the company's stock valued at $3,566,000 after buying an additional 1,735 shares in the last quarter. Professional Advisory Services Inc. raised its holdings in PepsiCo by 7.6% in the 2nd quarter. Professional Advisory Services Inc. now owns 186,329 shares of the company's stock valued at $24,603,000 after acquiring an additional 13,215 shares during the period. Marshall & Sullivan Inc. WA boosted its position in PepsiCo by 1.9% in the second quarter. Marshall & Sullivan Inc. WA now owns 31,686 shares of the company's stock valued at $4,184,000 after buying an additional 598 shares in the last quarter. Finally, Global X Japan Co. Ltd. raised its holdings in shares of PepsiCo by 2.2% during the second quarter. Global X Japan Co. Ltd. now owns 4,149 shares of the company's stock valued at $548,000 after purchasing an additional 89 shares during the period. Hedge funds and other institutional investors own 73.07% of the company's stock.

PepsiCo Stock Performance

Shares of PEP stock traded up $1.03 during trading hours on Friday, hitting $141.76. The company's stock had a trading volume of 12,355,480 shares, compared to its average volume of 8,054,161. The company has a current ratio of 0.78, a quick ratio of 0.60 and a debt-to-equity ratio of 2.12. The stock has a market cap of $194.08 billion, a PE ratio of 25.82, a price-to-earnings-growth ratio of 3.58 and a beta of 0.46. The company has a 50 day moving average of $144.39 and a 200 day moving average of $139.97. PepsiCo, Inc. has a 12-month low of $127.60 and a 12-month high of $177.50.

PepsiCo (NASDAQ:PEP - Get Free Report) last announced its earnings results on Thursday, July 17th. The company reported $2.12 earnings per share for the quarter, beating the consensus estimate of $2.03 by $0.09. The firm had revenue of $22.73 billion during 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 firm'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 posted $2.28 EPS. PepsiCo has set its FY 2025 guidance at 8.038-8.038 EPS. On average, sell-side analysts forecast that PepsiCo, Inc. will post 8.3 EPS for the current fiscal year.

PepsiCo Dividend Announcement

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

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on PEP shares. Royal Bank Of Canada cut their target price on shares of PepsiCo from $146.00 to $145.00 and set a "sector perform" rating on the stock in a research note on Monday, September 15th. UBS Group cut their price target 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. Morgan Stanley raised their target price on shares of PepsiCo from $153.00 to $165.00 and gave the stock an "equal weight" rating in a research report on Friday, July 18th. Cowen restated a "hold" rating on shares of PepsiCo in a report on Thursday, July 17th. Finally, Citigroup increased their target price on PepsiCo from $160.00 to $168.00 and gave the stock a "buy" rating in a report on Friday, July 18th. Four analysts have rated the stock with a Buy rating, fourteen have issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, PepsiCo presently has an average rating of "Hold" and a consensus price target of $158.60.

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.