Diversify Wealth Management LLC boosted its stake in PepsiCo, Inc. (NASDAQ:PEP - Free Report) by 24.0% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 43,902 shares of the company's stock after acquiring an additional 8,507 shares during the period. Diversify Wealth Management LLC's holdings in PepsiCo were worth $6,583,000 at the end of the most recent quarter.
Other institutional investors have also added to or reduced their stakes in the company. TAGStone Capital Inc. raised its stake in PepsiCo by 2.8% in the fourth quarter. TAGStone Capital Inc. now owns 2,527 shares of the company's stock valued at $388,000 after purchasing an additional 70 shares in the last quarter. Lokken Investment Group LLC grew its position in PepsiCo by 0.9% in the fourth quarter. Lokken Investment Group LLC now owns 7,699 shares of the company's stock valued at $1,171,000 after acquiring an additional 70 shares during the last quarter. Legacy Financial Group LLC grew its position in PepsiCo by 4.9% in the first quarter. Legacy Financial Group LLC now owns 1,514 shares of the company's stock valued at $227,000 after acquiring an additional 71 shares during the last quarter. Atlantic Private Wealth LLC grew its position in PepsiCo by 37.5% in the fourth quarter. Atlantic Private Wealth LLC now owns 275 shares of the company's stock valued at $42,000 after acquiring an additional 75 shares during the last quarter. Finally, Pflug Koory LLC grew its position in PepsiCo by 1.0% in the first quarter. Pflug Koory LLC now owns 7,750 shares of the company's stock valued at $1,162,000 after acquiring an additional 76 shares during the last quarter. 73.07% of the stock is currently owned by institutional investors.
Wall Street Analyst Weigh In
A number of research firms have issued reports on PEP. Bank of America decreased their target price on PepsiCo from $150.00 to $145.00 and set a "neutral" rating on the stock in a research report on Friday. Dbs Bank cut PepsiCo from a "strong-buy" rating to a "hold" rating in a report on Friday, May 9th. Citigroup reduced their price target on PepsiCo from $170.00 to $160.00 and set a "buy" rating on the stock in a report on Friday, April 25th. Morgan Stanley reduced their target price on PepsiCo from $168.00 to $153.00 and set an "equal weight" rating on the stock in a report on Friday, April 25th. Finally, JPMorgan Chase & Co. lowered their target price on PepsiCo from $150.00 to $139.00 and set a "neutral" rating on the stock in a research report on Thursday. One analyst has rated the stock with a sell rating, fifteen have given a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus price target of $158.19.
Read Our Latest Report on PEP
PepsiCo Price Performance
Shares of NASDAQ:PEP traded down $0.82 on Friday, hitting $135.26. The company's stock had a trading volume of 7,958,581 shares, compared to its average volume of 7,077,247. The company has a 50-day simple moving average of $131.46 and a 200 day simple moving average of $141.78. PepsiCo, Inc. has a 1 year low of $127.60 and a 1 year high of $180.91. The company has a market capitalization of $185.45 billion, a PE ratio of 19.89, a PEG ratio of 4.26 and a beta of 0.45. The company has a debt-to-equity ratio of 2.13, a current ratio of 0.83 and a quick ratio of 0.65.
PepsiCo (NASDAQ:PEP - Get Free Report) last announced its quarterly earnings data on Thursday, April 24th. The company reported $1.48 earnings per share for the quarter, missing analysts' consensus estimates of $1.49 by ($0.01). The firm had revenue of $17.92 billion for the quarter, compared to analysts' expectations of $17.81 billion. PepsiCo had a net margin of 10.24% and a return on equity of 58.28%. The business's quarterly revenue was down 1.8% on a year-over-year basis. During the same period in the prior year, the business posted $1.61 earnings per share. Sell-side analysts forecast that PepsiCo, Inc. will post 8.3 EPS for the current fiscal year.
PepsiCo Increases Dividend
The company also recently disclosed a quarterly dividend, which was paid on Monday, June 30th. Investors of record on Friday, June 6th were issued a dividend of $1.4225 per share. This represents a $5.69 dividend on an annualized basis and a dividend yield of 4.21%. This is a boost from PepsiCo's previous quarterly dividend of $1.36. The ex-dividend date of this dividend was Friday, June 6th. PepsiCo's dividend payout ratio (DPR) is currently 83.68%.
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.
Featured Stories
Before you consider PepsiCo, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and PepsiCo wasn't on the list.
While PepsiCo currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Enter your email address and we'll send you MarketBeat's list of ten stocks that are set to soar in Summer 2025, despite the threat of tariffs and other economic uncertainty. These ten stocks are incredibly resilient and are likely to thrive in any economic environment.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
