MOKAN Wealth Management Inc. Has $2.09 Million Stock Holdings in PepsiCo, Inc. $PEP

Key Points

• MOKAN Wealth Management Inc. increased its stake in PepsiCo by 30.4% during the 2nd quarter, now holding shares valued at $2.09 million, making it the firm's 29th largest position.
• PepsiCo reported a quarterly earnings per share (EPS) of $2.29, exceeding analysts' expectations, and achieved a revenue of $23.94 billion during the last quarter.
• The company declared a quarterly dividend of $1.4225 per share, which reflects an annualized yield of 3.8%, although its dividend payout ratio is notably high at 108.17%.

MOKAN Wealth Management Inc. grew its position in PepsiCo, Inc. (NASDAQ:PEP - Free Report) by 30.4% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 15,826 shares of the company's stock after purchasing an additional 3,686 shares during the period. PepsiCo comprises about 1.2% of MOKAN Wealth Management Inc.'s portfolio, making the stock its 29th largest position. MOKAN Wealth Management Inc.'s holdings in PepsiCo were worth $2,089,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in PEP. Claris Advisors LLC MO increased its stake in PepsiCo by 14.1% in the 2nd quarter. Claris Advisors LLC MO now owns 2,490 shares of the company's stock valued at $329,000 after buying an additional 308 shares during the last quarter. Foster Group Inc. increased its stake in shares of PepsiCo by 4.6% during the 2nd quarter. Foster Group Inc. now owns 5,169 shares of the company's stock worth $683,000 after purchasing an additional 229 shares during the last quarter. Asset Management One Co. Ltd. increased its stake in shares of PepsiCo by 3.6% during the 1st quarter. Asset Management One Co. Ltd. now owns 630,906 shares of the company's stock worth $94,598,000 after purchasing an additional 21,859 shares during the last quarter. Ignite Planners LLC increased its stake in shares of PepsiCo by 4.2% during the 1st quarter. Ignite Planners LLC now owns 3,773 shares of the company's stock worth $566,000 after purchasing an additional 151 shares during the last quarter. Finally, Merit Financial Group LLC boosted its holdings in shares of PepsiCo by 46.4% during the 2nd quarter. Merit Financial Group LLC now owns 114,344 shares of the company's stock worth $15,098,000 after buying an additional 36,239 shares during the period. 73.07% of the stock is currently owned by institutional investors and hedge funds.

PepsiCo Price Performance

PEP stock opened at $150.08 on Monday. The company has a 50 day simple moving average of $144.53 and a 200 day simple moving average of $139.19. The stock has a market cap of $205.47 billion, a price-to-earnings ratio of 28.53, a P/E/G ratio of 3.75 and a beta of 0.46. PepsiCo, Inc. has a 1 year low of $127.60 and a 1 year high of $177.50. The company has a debt-to-equity ratio of 2.26, a current ratio of 0.91 and a quick ratio of 0.72.

PepsiCo (NASDAQ:PEP - Get Free Report) last released its quarterly earnings data 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. The business had revenue of $23.94 billion during the quarter, compared to analysts' expectations of $23.91 billion. PepsiCo had a net margin of 7.82% and a return on equity of 57.58%. The firm's quarterly revenue was up 2.7% compared to the same quarter last year. During the same period in the prior year, the company earned $2.31 EPS. PepsiCo has set its FY 2025 guidance at 8.120-8.120 EPS. Research analysts anticipate that PepsiCo, Inc. will post 8.3 EPS for the current fiscal year.

PepsiCo Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 30th. Investors of record on Friday, September 5th were given a dividend of $1.4225 per share. This represents a $5.69 dividend on an annualized basis and a yield of 3.8%. The ex-dividend date was Friday, September 5th. PepsiCo's dividend payout ratio is currently 108.17%.

Analyst Ratings Changes

Several brokerages recently commented on PEP. BNP Paribas Exane reduced their target price on shares of PepsiCo from $152.00 to $150.00 and set a "neutral" rating for the company in a report on Monday, October 6th. Weiss Ratings reissued a "hold (c-)" rating on shares of PepsiCo in a report on Saturday, September 27th. Barclays boosted their price objective on shares of PepsiCo from $140.00 to $142.00 and gave the company an "equal weight" rating in a report on Friday. UBS Group dropped their target price on shares of PepsiCo from $175.00 to $170.00 and set a "buy" rating for the company in a research report on Thursday, September 11th. Finally, Evercore ISI boosted their target price on shares of PepsiCo from $150.00 to $152.00 in a research report on Friday. Five investment analysts have rated the stock with a Buy rating and fourteen have assigned a Hold rating to the company's stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Hold" and an average price target of $157.75.

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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