OMNI 360 Wealth Inc. Invests $326,000 in PepsiCo, Inc. $PEP

Key Points

• OMNI 360 Wealth Inc. has invested approximately $326,000 in PepsiCo, Inc., acquiring 2,471 shares during the second quarter.
• PepsiCo reported $2.12 EPS for the last quarter, surpassing analyst estimates by $0.09, with a revenue of $22.73 billion.
• The company has announced a quarterly dividend of $1.4225 per share, yielding 4.0%, with a high dividend payout ratio of 103.64%.

OMNI 360 Wealth Inc. purchased a new position in PepsiCo, Inc. (NASDAQ:PEP - Free Report) during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 2,471 shares of the company's stock, valued at approximately $326,000.

Several other hedge funds and other institutional investors have also recently modified their holdings of the business. Thurston Springer Miller Herd & Titak Inc. raised its holdings in shares of PepsiCo by 22.0% in the second quarter. Thurston Springer Miller Herd & Titak Inc. now owns 25,814 shares of the company's stock worth $3,409,000 after buying an additional 4,650 shares during the period. Centurion Wealth Management LLC raised its holdings in shares of PepsiCo by 3.8% in the second quarter. Centurion Wealth Management LLC now owns 2,068 shares of the company's stock worth $273,000 after buying an additional 75 shares during the period. Douglas Lane & Associates LLC grew its stake in PepsiCo by 29.9% in the second quarter. Douglas Lane & Associates LLC now owns 305,799 shares of the company's stock worth $40,378,000 after purchasing an additional 70,450 shares in the last quarter. TruWealth Advisors LLC bought a new position in PepsiCo in the second quarter worth approximately $216,000. Finally, Garde Capital Inc. grew its stake in PepsiCo by 16.6% in the second quarter. Garde Capital Inc. now owns 3,388 shares of the company's stock worth $447,000 after purchasing an additional 483 shares in the last quarter. 73.07% of the stock is currently owned by hedge funds and other institutional investors.

PepsiCo Stock Performance

Shares of PEP opened at $143.53 on Friday. PepsiCo, Inc. has a 12 month low of $127.60 and a 12 month high of $179.43. The stock has a fifty day moving average price of $143.81 and a 200-day moving average price of $140.52. The company has a current ratio of 0.78, a quick ratio of 0.60 and a debt-to-equity ratio of 2.12. The firm has a market cap of $196.50 billion, a PE ratio of 26.14, a P/E/G ratio of 3.65 and a beta of 0.46.

PepsiCo (NASDAQ:PEP - Get Free Report) last issued its quarterly earnings data on Thursday, July 17th. The company reported $2.12 EPS for the quarter, beating the consensus estimate 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 during the quarter, compared to analyst estimates of $22.28 billion. During the same quarter in the prior year, the business posted $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. Equities research analysts predict that PepsiCo, Inc. will post 8.3 earnings per share for the current fiscal year.

PepsiCo Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 30th. Stockholders of record on Friday, September 5th will be issued a dividend of $1.4225 per share. This represents a $5.69 annualized dividend and a dividend yield of 4.0%. The ex-dividend date is Friday, September 5th. PepsiCo's dividend payout ratio is currently 103.64%.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on PEP. Barclays increased their price objective on PepsiCo from $132.00 to $144.00 and gave the stock an "equal weight" rating in a research note on Monday, July 21st. Bank of America dropped their price objective on PepsiCo from $150.00 to $145.00 and set a "neutral" rating on the stock in a research note on Friday, July 11th. Royal Bank Of Canada reissued a "sector perform" rating and issued a $146.00 price objective on shares of PepsiCo in a research note on Wednesday, September 3rd. Deutsche Bank Aktiengesellschaft reaffirmed a "buy" rating on shares of PepsiCo in a research report on Thursday, July 17th. Finally, Wells Fargo & Company increased their target price on PepsiCo from $140.00 to $154.00 and gave the company an "equal weight" rating in a research report on Friday, July 18th. Four analysts have rated the stock with a Buy rating, fourteen have assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus target price of $158.67.

About PepsiCo

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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