KFA Private Wealth Group LLC Makes New Investment in PepsiCo, Inc. $PEP

Key Points

• KFA Private Wealth Group LLC has acquired 2,955 shares of PepsiCo, Inc. valued at approximately $390,000 in the second quarter.
• PepsiCo's recent quarterly earnings report showed an EPS of $2.29, exceeding estimates, and revenue of $23.94 billion with a year-over-year increase of 2.7%.
• The company recently announced a quarterly dividend of $1.4225 per share, equating to an annual yield of 3.8%, though it has a payout ratio of 103.64%.

KFA Private Wealth Group LLC bought a new position in shares of PepsiCo, Inc. (NASDAQ:PEP - Free Report) during the second quarter, according to its most recent Form 13F filing with the SEC. The fund bought 2,955 shares of the company's stock, valued at approximately $390,000.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Aberdeen Group plc grew its stake in PepsiCo by 8.2% in the 2nd quarter. Aberdeen Group plc now owns 1,489,342 shares of the company's stock valued at $195,968,000 after buying an additional 112,955 shares during the last quarter. Lmcg Investments LLC grew its position in shares of PepsiCo by 5.9% in the second quarter. Lmcg Investments LLC now owns 24,962 shares of the company's stock valued at $3,296,000 after purchasing an additional 1,400 shares during the last quarter. First Fiduciary Investment Counsel Inc. grew its position in shares of PepsiCo by 15.3% in the second quarter. First Fiduciary Investment Counsel Inc. now owns 2,260 shares of the company's stock valued at $298,000 after purchasing an additional 300 shares during the last quarter. JB Capital LLC grew its holdings in PepsiCo by 8.2% in the 2nd quarter. JB Capital LLC now owns 72,881 shares of the company's stock valued at $9,623,000 after buying an additional 5,533 shares in the last quarter. Finally, Blue Trust Inc. boosted its holdings in shares of PepsiCo by 3.2% in the 2nd quarter. Blue Trust Inc. now owns 43,220 shares of the company's stock valued at $5,707,000 after purchasing an additional 1,328 shares in the last quarter. 73.07% of the stock is currently owned by institutional investors and hedge funds.

PepsiCo Price Performance

PepsiCo stock opened at $150.08 on Friday. PepsiCo, Inc. has a 52 week low of $127.60 and a 52 week high of $177.50. The business has a 50-day simple moving average of $144.53 and a 200 day simple moving average of $139.32. The company has a quick ratio of 0.60, a current ratio of 0.78 and a debt-to-equity ratio of 2.12. The stock has a market cap of $205.47 billion, a price-to-earnings ratio of 28.53, a PEG ratio of 3.62 and a beta of 0.46.

PepsiCo (NASDAQ:PEP - Get Free Report) last issued its quarterly earnings data on Thursday, October 9th. The company reported $2.29 EPS for the quarter, topping the consensus estimate of $2.26 by $0.03. PepsiCo had a return on equity of 58.46% and a net margin of 7.82%.The company had revenue of $23.94 billion during the quarter, compared to analyst estimates of $23.91 billion. During the same quarter in the previous year, the firm earned $2.31 earnings per share. PepsiCo's revenue was up 2.7% on a year-over-year basis. PepsiCo has set its FY 2025 guidance at 8.120-8.120 EPS. On average, research analysts forecast that PepsiCo, Inc. will post 8.3 earnings per share for the current fiscal 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 $1.4225 dividend. The ex-dividend date was Friday, September 5th. This represents a $5.69 annualized dividend and a yield of 3.8%. PepsiCo's payout ratio is 103.64%.

Analysts Set New Price Targets

Several research firms recently weighed in on PEP. Jefferies Financial Group raised their price objective on PepsiCo from $161.00 to $163.00 and gave the company a "hold" rating in a research note on Friday. BNP Paribas Exane cut their target price on shares of PepsiCo from $152.00 to $150.00 and set a "neutral" rating on the stock in a research report on Monday, October 6th. Royal Bank Of Canada cut their price objective on PepsiCo from $146.00 to $145.00 and set a "sector perform" rating on the stock in a report on Monday, September 15th. Weiss Ratings reissued a "hold (c-)" rating on shares of PepsiCo in a research note on Saturday, September 27th. Finally, Barclays lifted their price target on PepsiCo from $140.00 to $142.00 and gave the company an "equal weight" rating in a research note on Friday. Five analysts have rated the stock with a Buy rating and fourteen have given a Hold rating to the company. Based on data from MarketBeat.com, PepsiCo presently has an average rating of "Hold" and a consensus price target of $158.25.

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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