PepsiCo, Inc. $PEP Holdings Lifted by Buttonwood Financial Advisors Inc.

Key Points

• Buttonwood Financial Advisors Inc. increased its stake in PepsiCo by 36.9% during the 2nd quarter, owning 10,781 shares worth approximately $1.423 million.
• PepsiCo reported earnings of $2.12 per share for the last quarter, surpassing analysts' expectations, with a revenue of $22.73 billion, a 1.0% increase year-over-year.
• The company announced a quarterly dividend of $1.4225, indicative of a 4.0% dividend yield, despite a high dividend payout ratio of 103.64%.

Buttonwood Financial Advisors Inc. boosted its position in shares of PepsiCo, Inc. (NASDAQ:PEP - Free Report) by 36.9% in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 10,781 shares of the company's stock after buying an additional 2,907 shares during the quarter. Buttonwood Financial Advisors Inc.'s holdings in PepsiCo were worth $1,423,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also modified their holdings of the company. Nova Wealth Management Inc. acquired a new position in shares of PepsiCo in the 1st quarter valued at $25,000. Elite Financial Inc. acquired a new position in shares of PepsiCo in the 1st quarter valued at $28,000. MorganRosel Wealth Management LLC acquired a new position in shares of PepsiCo in the 1st quarter valued at $55,000. Migdal Insurance & Financial Holdings Ltd. acquired a new position in shares of PepsiCo in the 1st quarter valued at $58,000. Finally, Greykasell Wealth Strategies Inc. acquired a new position in shares of PepsiCo in the 1st quarter valued at $58,000. Institutional investors and hedge funds own 73.07% of the company's stock.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on the company. Cowen reiterated a "hold" rating on shares of PepsiCo in a research report on Thursday, July 17th. Royal Bank Of Canada reduced their price objective on PepsiCo from $146.00 to $145.00 and set a "sector perform" rating for the company in a research note on Monday, September 15th. Morgan Stanley increased their price objective on PepsiCo from $153.00 to $165.00 and gave the stock an "equal weight" rating in a research note on Friday, July 18th. Bank of America reduced their price objective on PepsiCo from $150.00 to $145.00 and set a "neutral" rating for the company in a research note on Friday, July 11th. Finally, Citigroup increased their price objective on PepsiCo from $160.00 to $168.00 and gave the stock a "buy" rating in a research note on Friday, July 18th. Four equities research analysts have rated the stock with a Buy rating, fourteen have issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, PepsiCo has a consensus rating of "Hold" and an average target price of $158.60.

PepsiCo Stock Up 0.6%

Shares of PEP stock opened at $141.90 on Wednesday. The stock's 50 day simple moving average is $144.66 and its 200 day simple moving average is $139.89. The company has a debt-to-equity ratio of 2.12, a quick ratio of 0.60 and a current ratio of 0.78. PepsiCo, Inc. has a twelve month low of $127.60 and a twelve month high of $177.50. The company has a market capitalization of $194.27 billion, a price-to-earnings ratio of 25.85, a PEG ratio of 3.56 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 earnings per share 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 business had revenue of $22.73 billion for the quarter, compared to the consensus estimate of $22.28 billion. During the same period last year, the business earned $2.28 EPS. The firm's revenue was up 1.0% compared to the same quarter last year. PepsiCo has set its FY 2025 guidance at 8.038-8.038 EPS. As a group, research analysts predict that PepsiCo, Inc. will post 8.3 EPS for the current year.

PepsiCo Dividend Announcement

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 dividend payout ratio (DPR) is presently 103.64%.

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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