LMG Wealth Partners LLC Purchases 2,490 Shares of PepsiCo, Inc. $PEP

Key Points

• LMG Wealth Partners LLC increased its stake in PepsiCo by 5.1%, acquiring an additional 2,490 shares and bringing its total holdings to 51,137 shares, valued at approximately $6.75 million.
• PepsiCo reported a net income of $2.29 per share for the last quarter, surpassing analysts' expectations, with revenues of $23.94 billion reflecting a 2.7% year-over-year increase.
• Despite a current 3.7% dividend yield, PepsiCo's dividend payout ratio stands at 108.17%, indicating a potential sustainability issue as it exceeds earnings.

LMG Wealth Partners LLC increased its position in shares of PepsiCo, Inc. (NASDAQ:PEP - Free Report) by 5.1% in the second quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 51,137 shares of the company's stock after buying an additional 2,490 shares during the quarter. PepsiCo accounts for about 1.4% of LMG Wealth Partners LLC's portfolio, making the stock its 22nd biggest holding. LMG Wealth Partners LLC's holdings in PepsiCo were worth $6,752,000 at the end of the most recent reporting period.

Several other institutional investors have also recently bought and sold shares of PEP. Balboa Wealth Partners grew its stake in shares of PepsiCo by 6.0% during the 2nd quarter. Balboa Wealth Partners now owns 2,701 shares of the company's stock worth $357,000 after acquiring an additional 152 shares in the last quarter. West Tower Group LLC grew its position in PepsiCo by 10.0% in the second quarter. West Tower Group LLC now owns 3,300 shares of the company's stock valued at $436,000 after purchasing an additional 300 shares in the last quarter. Swan Global Investments LLC acquired a new stake in PepsiCo in the 2nd quarter valued at $204,000. Uhlmann Price Securities LLC bought a new stake in PepsiCo during the 2nd quarter worth about $829,000. Finally, Parthenon LLC boosted its stake in shares of PepsiCo by 1.2% during the 2nd quarter. Parthenon LLC now owns 101,570 shares of the company's stock worth $13,411,000 after buying an additional 1,185 shares during the last quarter. Institutional investors own 73.07% of the company's stock.

PepsiCo Trading Up 0.7%

Shares of PepsiCo stock opened at $153.71 on Monday. The company has a debt-to-equity ratio of 2.26, a current ratio of 0.91 and a quick ratio of 0.72. The business has a fifty day simple moving average of $145.51 and a two-hundred day simple moving average of $139.25. PepsiCo, Inc. has a 1 year low of $127.60 and a 1 year high of $177.50. The company has a market capitalization of $210.17 billion, a price-to-earnings ratio of 29.22, a P/E/G ratio of 3.74 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 earnings per share for the quarter, beating the consensus estimate of $2.26 by $0.03. The company had revenue of $23.94 billion for the quarter, compared to analyst estimates of $23.91 billion. PepsiCo had a net margin of 7.82% and a return on equity of 57.58%. The company's revenue was up 2.7% on a year-over-year basis. During the same period in the prior year, the firm earned $2.31 earnings per share. PepsiCo has set its FY 2025 guidance at 8.120-8.120 EPS. Research analysts forecast that PepsiCo, Inc. will post 8.3 EPS for the current year.

PepsiCo Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 30th. Shareholders of record on Friday, September 5th were given a dividend of $1.4225 per share. The ex-dividend date was Friday, September 5th. This represents a $5.69 annualized dividend and a yield of 3.7%. PepsiCo's dividend payout ratio (DPR) is 108.17%.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on PEP. Morgan Stanley upped their target price on PepsiCo from $153.00 to $165.00 and gave the stock an "equal weight" rating in a report on Friday, July 18th. BNP Paribas Exane dropped their price objective on PepsiCo from $152.00 to $150.00 and set a "neutral" rating on the stock in a research note on Monday, October 6th. JPMorgan Chase & Co. decreased their target price on shares of PepsiCo from $157.00 to $151.00 and set a "neutral" rating for the company in a research note on Monday, October 6th. Piper Sandler boosted their target price on shares of PepsiCo from $160.00 to $162.00 and gave the stock an "overweight" rating in a report on Friday, October 10th. Finally, Weiss Ratings reiterated a "hold (c)" rating on shares of PepsiCo in a research note on Tuesday, October 14th. Six analysts have rated the stock with a Buy rating, fourteen have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus price target of $156.00.

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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