Oliver Lagore Vanvalin Investment Group bought a new stake in PepsiCo, Inc. (NASDAQ:PEP - Free Report) in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 6,923 shares of the company's stock, valued at approximately $914,000.
Several other hedge funds and other institutional investors have also made changes to their positions in the company. Nova Wealth Management Inc. acquired a new stake in PepsiCo during the 1st quarter valued at $25,000. Elite Financial Inc. acquired a new stake in PepsiCo during the 1st quarter valued at $28,000. Sunbeam Capital Management LLC acquired a new stake in PepsiCo during the 4th quarter valued at $47,000. MorganRosel Wealth Management LLC acquired a new stake in PepsiCo during the 1st quarter valued at $55,000. Finally, Migdal Insurance & Financial Holdings Ltd. acquired a new stake in PepsiCo during the 1st quarter valued at $58,000. 73.07% of the stock is owned by institutional investors.
PepsiCo Trading Down 0.5%
Shares of PepsiCo stock traded down $0.73 during midday trading on Monday, reaching $141.03. The company had a trading volume of 5,694,617 shares, compared to its average volume of 8,455,882. The stock has a fifty day moving average price of $144.39 and a 200 day moving average price of $139.97. 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 firm has a market cap of $193.08 billion, a PE ratio of 25.69, a P/E/G ratio of 3.58 and a beta of 0.46. PepsiCo, Inc. has a fifty-two week low of $127.60 and a fifty-two week high of $177.50.
PepsiCo (NASDAQ:PEP - Get Free Report) last posted its quarterly earnings data on Thursday, July 17th. The company reported $2.12 EPS for the quarter, topping analysts' consensus estimates of $2.03 by $0.09. The company had revenue of $22.73 billion for the quarter, compared to analyst estimates of $22.28 billion. PepsiCo had a return on equity of 57.81% and a net margin of 8.23%.The firm's quarterly revenue was up 1.0% on a year-over-year basis. During the same period in the previous year, the firm earned $2.28 earnings per share. PepsiCo has set its FY 2025 guidance at 8.038-8.038 EPS. On average, equities analysts anticipate that PepsiCo, Inc. will post 8.3 earnings per share for the current year.
PepsiCo Announces Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 30th. Investors of record on Friday, September 5th will be paid a $1.4225 dividend. This represents a $5.69 dividend on an annualized basis and a dividend yield of 4.0%. The ex-dividend date of this dividend is Friday, September 5th. PepsiCo's payout ratio is currently 103.64%.
Wall Street Analysts Forecast Growth
A number of equities research analysts have recently weighed in on PEP shares. Citigroup lifted their target price on PepsiCo from $160.00 to $168.00 and gave the stock a "buy" rating in a report on Friday, July 18th. UBS Group dropped their target price on PepsiCo from $175.00 to $170.00 and set a "buy" rating for the company in a report on Thursday, September 11th. Morgan Stanley lifted 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. Royal Bank Of Canada dropped their target price on PepsiCo from $146.00 to $145.00 and set a "sector perform" rating for the company in a report on Monday, September 15th. Finally, Bank of America dropped their target price on PepsiCo from $150.00 to $145.00 and set a "neutral" rating for the company in a report on Friday, July 11th. Four investment analysts have rated the stock with a Buy rating, fourteen have given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, PepsiCo presently has an average rating of "Hold" and an average price target of $158.60.
Check Out Our Latest Research Report on PEP
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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