Leo Wealth LLC Boosts Holdings in PepsiCo, Inc. $PEP

Key Points

• Leo Wealth LLC increased its holdings in PepsiCo, Inc. by 43.5% during Q2, owning 21,448 shares valued at approximately $2.83 million.
• PepsiCo reported an EPS of $2.12 for the last quarter, exceeding estimates and showing a 1.0% year-over-year revenue increase to $22.73 billion.
• The company has announced a quarterly dividend of $1.4225 per share, resulting in an annualized yield of 4.1% despite a payout ratio of 103.64%.

Leo Wealth LLC grew its position in shares of PepsiCo, Inc. (NASDAQ:PEP - Free Report) by 43.5% during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 21,448 shares of the company's stock after purchasing an additional 6,499 shares during the period. Leo Wealth LLC's holdings in PepsiCo were worth $2,832,000 as of its most recent SEC filing.

A number of other hedge funds also recently made changes to their positions in the company. Nuveen LLC acquired a new stake in shares of PepsiCo during the first quarter worth approximately $946,978,000. Kingstone Capital Partners Texas LLC acquired a new stake in shares of PepsiCo during the second quarter worth approximately $460,110,000. Assenagon Asset Management S.A. grew its position in shares of PepsiCo by 106.1% during the first quarter. Assenagon Asset Management S.A. now owns 3,514,965 shares of the company's stock worth $527,034,000 after buying an additional 1,809,391 shares in the last quarter. Vanguard Group Inc. grew its position in shares of PepsiCo by 1.4% during the first quarter. Vanguard Group Inc. now owns 135,174,252 shares of the company's stock worth $20,268,027,000 after buying an additional 1,802,748 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. grew its position in shares of PepsiCo by 5.0% during the first quarter. Charles Schwab Investment Management Inc. now owns 26,475,241 shares of the company's stock worth $3,969,698,000 after buying an additional 1,258,198 shares in the last quarter. Hedge funds and other institutional investors own 73.07% of the company's stock.

PepsiCo Price Performance

Shares of NASDAQ PEP opened at $138.84 on Thursday. 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 firm's 50-day simple moving average is $144.18 and its 200 day simple moving average is $139.30. PepsiCo, Inc. has a fifty-two week low of $127.60 and a fifty-two week high of $177.50. The stock has a market cap of $190.08 billion, a P/E ratio of 25.29, a P/E/G ratio of 3.55 and a beta of 0.46.

PepsiCo (NASDAQ:PEP - Get Free Report) last issued its quarterly earnings results on Thursday, July 17th. The company reported $2.12 EPS for the quarter, topping the consensus estimate 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 analysts' expectations of $22.28 billion. During the same period in the previous year, the business earned $2.28 earnings per share. PepsiCo'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. Equities analysts expect that PepsiCo, Inc. will post 8.3 EPS for the current year.

PepsiCo Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, September 30th. Shareholders of record on Friday, September 5th were paid a dividend of $1.4225 per share. This represents a $5.69 annualized dividend and a yield of 4.1%. The ex-dividend date of this dividend was Friday, September 5th. PepsiCo's payout ratio is 103.64%.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on PEP shares. Wells Fargo & Company decreased their price objective on shares of PepsiCo from $154.00 to $150.00 and set an "equal weight" rating for the company in a report on Thursday, September 25th. BNP Paribas Exane decreased their price objective on shares of PepsiCo from $152.00 to $150.00 and set a "neutral" rating for the company in a report on Monday. Barclays reaffirmed a "cautious" rating on shares of PepsiCo in a report on Friday, October 3rd. UBS Group decreased their price objective on shares of PepsiCo from $175.00 to $170.00 and set a "buy" rating for the company in a report on Thursday, September 11th. Finally, JPMorgan Chase & Co. decreased their price objective on shares of PepsiCo from $157.00 to $151.00 and set a "neutral" rating for the company in a report on Monday. Four analysts have rated the stock with a Buy rating, fifteen have assigned a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat.com, PepsiCo has an average rating of "Hold" and a consensus target price of $158.13.

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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