NovaPoint Capital LLC Acquires 1,792 Shares of PepsiCo, Inc. $PEP

Key Points

• NovaPoint Capital LLC increased its holdings in PepsiCo by 7.0%, acquiring an additional 1,792 shares, bringing its total to 27,463 shares valued at $3.63 million by the end of the second quarter.
• PepsiCo reported a Q2 earnings per share (EPS) of $2.12, exceeding analyst expectations of $2.03, with revenues of $22.73 billion, up 1% year-over-year.
• The company has declared a quarterly dividend of $1.4225 per share, reflecting an annual dividend yield of 4.1%, although its payout ratio stands at 103.64%.

NovaPoint Capital LLC boosted its holdings in PepsiCo, Inc. (NASDAQ:PEP - Free Report) by 7.0% in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 27,463 shares of the company's stock after purchasing an additional 1,792 shares during the quarter. NovaPoint Capital LLC's holdings in PepsiCo were worth $3,626,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Legacy Financial Group LLC grew its holdings in PepsiCo by 4.9% during the first quarter. Legacy Financial Group LLC now owns 1,514 shares of the company's stock worth $227,000 after buying an additional 71 shares in the last quarter. Centurion Wealth Management LLC raised its position in PepsiCo by 3.8% in the 2nd quarter. Centurion Wealth Management LLC now owns 2,068 shares of the company's stock valued at $273,000 after buying an additional 75 shares during the last quarter. SK Wealth Management LLC raised its position in PepsiCo by 3.3% in the 2nd quarter. SK Wealth Management LLC now owns 2,375 shares of the company's stock valued at $319,000 after buying an additional 75 shares during the last quarter. Pflug Koory LLC raised its position in PepsiCo by 1.0% in the 1st quarter. Pflug Koory LLC now owns 7,750 shares of the company's stock valued at $1,162,000 after buying an additional 76 shares during the last quarter. Finally, Hoge Financial Services LLC raised its position in PepsiCo by 2.1% in the 1st quarter. Hoge Financial Services LLC now owns 3,633 shares of the company's stock valued at $545,000 after buying an additional 76 shares during the last quarter. Institutional investors own 73.07% of the company's stock.

PepsiCo Stock Up 0.4%

Shares of NASDAQ PEP opened at $140.44 on Friday. PepsiCo, Inc. has a one year low of $127.60 and a one year high of $177.50. The company has a debt-to-equity ratio of 2.12, a current ratio of 0.78 and a quick ratio of 0.60. The business's fifty day moving average price is $144.63 and its 200-day moving average price is $139.71. The stock has a market capitalization of $192.27 billion, a PE ratio of 25.58, a P/E/G ratio of 3.53 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, beating analysts' consensus estimates of $2.03 by $0.09. PepsiCo had a return on equity of 57.81% and a net margin of 8.23%.The firm had revenue of $22.73 billion for the quarter, compared to analysts' expectations of $22.28 billion. During the same quarter in the prior year, the firm earned $2.28 EPS. The business'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. On average, equities research analysts anticipate that PepsiCo, Inc. will post 8.3 EPS for the current year.

PepsiCo Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, September 30th. Stockholders of record on Friday, September 5th will be given a dividend of $1.4225 per share. This represents a $5.69 dividend on an annualized basis and a dividend yield of 4.1%. The ex-dividend date of this dividend is Friday, September 5th. PepsiCo's dividend payout ratio is currently 103.64%.

Analyst Ratings Changes

A number of equities research analysts recently commented on the company. Citigroup lowered their price target on PepsiCo from $168.00 to $165.00 and set a "buy" rating for the company in a research report on Thursday. Morgan Stanley increased their price target on PepsiCo from $153.00 to $165.00 and gave the company an "equal weight" rating in a research report on Friday, July 18th. Bank of America cut their price objective on PepsiCo from $150.00 to $145.00 and set a "neutral" rating on the stock in a research report on Friday, July 11th. Royal Bank Of Canada cut their price objective on PepsiCo from $146.00 to $145.00 and set a "sector perform" rating on the stock in a research report on Monday, September 15th. Finally, Cowen reissued a "hold" rating on shares of PepsiCo in a research report on Thursday, July 17th. Four investment analysts have rated the stock with a Buy rating, fourteen have assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, PepsiCo presently has an average rating of "Hold" and an average target price of $158.13.

PepsiCo Company 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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