Moran Wealth Management LLC bought a new stake in PepsiCo, Inc. (NASDAQ:PEP - Free Report) in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 87,076 shares of the company's stock, valued at approximately $11,498,000.
A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Cutler Investment Counsel LLC increased its position in PepsiCo by 1.0% in the 2nd quarter. Cutler Investment Counsel LLC now owns 59,423 shares of the company's stock valued at $7,846,000 after buying an additional 571 shares in the last quarter. Cornerstone Wealth Group LLC increased its holdings in PepsiCo by 2.6% during the 2nd quarter. Cornerstone Wealth Group LLC now owns 80,371 shares of the company's stock worth $10,612,000 after purchasing an additional 2,060 shares in the last quarter. Kellett Wealth Advisors LLC increased its holdings in PepsiCo by 31.5% during the 2nd quarter. Kellett Wealth Advisors LLC now owns 2,060 shares of the company's stock worth $272,000 after purchasing an additional 494 shares in the last quarter. Community Bank N.A. increased its holdings in PepsiCo by 3.4% during the 2nd quarter. Community Bank N.A. now owns 64,594 shares of the company's stock worth $8,529,000 after purchasing an additional 2,137 shares in the last quarter. Finally, NorthRock Partners LLC increased its holdings in PepsiCo by 17.1% during the 2nd quarter. NorthRock Partners LLC now owns 36,934 shares of the company's stock worth $4,877,000 after purchasing an additional 5,394 shares in the last quarter. 73.07% of the stock is owned by institutional investors.
PepsiCo Price Performance
PepsiCo stock opened at $148.89 on Tuesday. PepsiCo, Inc. has a 12 month low of $127.60 and a 12 month high of $177.50. The company has a current ratio of 0.91, a quick ratio of 0.72 and a debt-to-equity ratio of 2.26. The business's 50 day simple moving average is $144.72 and its 200 day simple moving average is $139.18. The company has a market cap of $203.58 billion, a price-to-earnings ratio of 28.31, a PEG ratio of 3.75 and a beta of 0.46.
PepsiCo (NASDAQ:PEP - Get Free Report) last posted its quarterly earnings data on Thursday, October 9th. The company reported $2.29 EPS for the quarter, beating the consensus estimate of $2.26 by $0.03. PepsiCo had a return on equity of 57.58% and a net margin of 7.82%.The business had revenue of $23.94 billion for the quarter, compared to the consensus estimate of $23.91 billion. During the same quarter in the prior year, the business earned $2.31 earnings per share. PepsiCo's revenue for the quarter was up 2.7% on a year-over-year basis. PepsiCo has set its FY 2025 guidance at 8.120-8.120 EPS. Sell-side analysts forecast that PepsiCo, Inc. will post 8.3 EPS for the current year.
PepsiCo Dividend Announcement
The company also recently disclosed a quarterly dividend, which was paid on Tuesday, September 30th. Investors of record on Friday, September 5th were paid 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 dividend payout ratio is presently 108.17%.
Analysts Set New Price Targets
A number of analysts have commented on the company. Wells Fargo & Company boosted their price objective on PepsiCo from $150.00 to $154.00 and gave the stock a "positive" rating in a report on Friday. Piper Sandler boosted their price objective on PepsiCo from $160.00 to $162.00 and gave the stock an "overweight" rating in a report on Friday. Weiss Ratings reissued a "hold (c-)" rating on shares of PepsiCo in a report on Saturday, September 27th. Citigroup cut their target price on PepsiCo from $168.00 to $165.00 and set a "buy" rating on the stock in a research note on Thursday, September 25th. Finally, Bank of America boosted their target price on PepsiCo from $150.00 to $155.00 and gave the stock a "neutral" rating in a research note on Friday. Five equities research analysts have rated the stock with a Buy rating and fourteen have issued a Hold rating to the company. According to MarketBeat, the company presently has an average rating of "Hold" and a consensus target price of $157.75.
Check Out Our Latest Stock Report on PepsiCo
PepsiCo Profile
(
Free Report)
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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