MGO One Seven LLC Raises Stock Position in PepsiCo, Inc. $PEP

Key Points

• MGO One Seven LLC increased its holding in PepsiCo by 6.3%, owning 39,603 shares valued at approximately $5.23 million at the end of the second quarter.
• Analysts have mixed sentiments on PepsiCo, with five rating it as a Buy and fourteen as Hold, while Morgan Stanley raised the target price from $153.00 to $165.00.
• PepsiCo's recent quarterly earnings exceeded expectations, reporting an EPS of $2.29 and revenue of $23.94 billion, leading to an annual dividend yield of 3.8%.

MGO One Seven LLC lifted its holdings in shares of PepsiCo, Inc. (NASDAQ:PEP - Free Report) by 6.3% during the second quarter, according to its most recent disclosure with the SEC. The fund owned 39,603 shares of the company's stock after acquiring an additional 2,355 shares during the period. MGO One Seven LLC's holdings in PepsiCo were worth $5,229,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of the stock. Welch Group LLC grew its position in PepsiCo by 3.8% during the 2nd quarter. Welch Group LLC now owns 363,869 shares of the company's stock worth $48,045,000 after purchasing an additional 13,163 shares during the last quarter. Stephens Consulting LLC grew its holdings in shares of PepsiCo by 2.6% during the second quarter. Stephens Consulting LLC now owns 3,101 shares of the company's stock valued at $409,000 after buying an additional 79 shares during the last quarter. Bill Few Associates Inc. grew its holdings in shares of PepsiCo by 2.2% during the second quarter. Bill Few Associates Inc. now owns 26,285 shares of the company's stock valued at $3,471,000 after buying an additional 564 shares during the last quarter. MOKAN Wealth Management Inc. grew its holdings in shares of PepsiCo by 30.4% during the second quarter. MOKAN Wealth Management Inc. now owns 15,826 shares of the company's stock valued at $2,089,000 after buying an additional 3,686 shares during the last quarter. Finally, Almanack Investment Partners LLC. grew its holdings in shares of PepsiCo by 205.4% during the second quarter. Almanack Investment Partners LLC. now owns 5,249 shares of the company's stock valued at $693,000 after buying an additional 3,530 shares during the last quarter. Hedge funds and other institutional investors own 73.07% of the company's stock.

Wall Street Analyst Weigh In

Several analysts have weighed in on PEP shares. Weiss Ratings reiterated a "hold (c-)" rating on shares of PepsiCo in a research note on Saturday, September 27th. Morgan Stanley upped their target price on PepsiCo from $153.00 to $165.00 and gave the company an "equal weight" rating in a research report on Friday, July 18th. Jefferies Financial Group upped their target price on PepsiCo from $161.00 to $163.00 and gave the company a "hold" rating in a research report on Friday. Citigroup dropped their price objective on shares of PepsiCo from $168.00 to $165.00 and set a "buy" rating on the stock in a report on Thursday, September 25th. Finally, HSBC upped their price target on shares of PepsiCo from $145.00 to $152.00 and gave the company a "hold" rating in a report on Friday. Five investment analysts have rated the stock with a Buy rating and fourteen have issued a Hold rating to the company's stock. Based on data from MarketBeat.com, PepsiCo has an average rating of "Hold" and an average price target of $157.75.

PepsiCo Trading Up 3.7%

PepsiCo stock opened at $150.08 on Monday. The stock's 50 day simple moving average is $144.53 and its two-hundred day simple moving average is $139.19. PepsiCo, Inc. has a 12 month low of $127.60 and a 12 month high of $177.50. The firm has a market cap of $205.47 billion, a PE ratio of 28.53, a P/E/G ratio of 3.75 and a beta of 0.46. The company has a current ratio of 0.91, a quick ratio of 0.72 and a debt-to-equity ratio of 2.26.

PepsiCo (NASDAQ:PEP - Get Free Report) last announced 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. PepsiCo had a net margin of 7.82% and a return on equity of 57.58%. The firm had revenue of $23.94 billion for the quarter, compared to the consensus estimate of $23.91 billion. During the same period in the prior year, the firm posted $2.31 earnings per share. The firm's quarterly revenue was up 2.7% compared to the same quarter last year. 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 year.

PepsiCo Announces Dividend

The firm also recently declared 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 dividend on an annualized basis and a yield of 3.8%. PepsiCo's dividend payout ratio is currently 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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