PepsiCo, Inc. $PEP Shares Acquired by GC Wealth Management RIA LLC

Key Points

• GC Wealth Management RIA LLC has increased its stake in PepsiCo by 109.8%, acquiring an additional 19,191 shares to hold a total of 36,666 shares valued at approximately $4.84 million.
• Several analysts have downgraded their target prices for PepsiCo, with Wells Fargo lowering it from $154.00 to $150.00 and Bank of America reducing it from $150.00 to $145.00, indicating a more cautious outlook.
• PepsiCo announced a quarterly dividend of $1.4225 per share to be distributed on September 30th, translating to an annual yield of 4.1%, despite a payout ratio of 103.64%.

GC Wealth Management RIA LLC raised its stake in PepsiCo, Inc. (NASDAQ:PEP - Free Report) by 109.8% during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 36,666 shares of the company's stock after buying an additional 19,191 shares during the period. GC Wealth Management RIA LLC's holdings in PepsiCo were worth $4,841,000 as of its most recent filing with the SEC.

A number of other hedge funds have also modified their holdings of PEP. Brighton Jones LLC raised its holdings in shares of PepsiCo by 12.4% during the fourth quarter. Brighton Jones LLC now owns 59,392 shares of the company's stock valued at $9,031,000 after acquiring an additional 6,574 shares during the period. Rothschild Investment LLC grew its stake in PepsiCo by 0.5% during the 1st quarter. Rothschild Investment LLC now owns 15,873 shares of the company's stock valued at $2,380,000 after acquiring an additional 78 shares in the last quarter. Investors Research Corp increased its holdings in shares of PepsiCo by 82.6% in the 1st quarter. Investors Research Corp now owns 2,891 shares of the company's stock valued at $433,000 after purchasing an additional 1,308 shares during the period. Ables Iannone Moore & Associates Inc. boosted its holdings in shares of PepsiCo by 5.9% during the first quarter. Ables Iannone Moore & Associates Inc. now owns 8,349 shares of the company's stock worth $1,252,000 after purchasing an additional 462 shares during the period. Finally, Fifth Third Wealth Advisors LLC grew its position in PepsiCo by 20.1% during the first quarter. Fifth Third Wealth Advisors LLC now owns 31,521 shares of the company's stock valued at $4,726,000 after purchasing an additional 5,269 shares in the last quarter. 73.07% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several analysts recently issued reports on PEP shares. Wells Fargo & Company cut their price objective on PepsiCo from $154.00 to $150.00 and set an "equal weight" rating for the company in a report on Thursday. UBS Group decreased their target price on shares of PepsiCo from $175.00 to $170.00 and set a "buy" rating for the company in a research report on Thursday, September 11th. Bank of America reduced their price objective on shares of PepsiCo from $150.00 to $145.00 and set a "neutral" rating for the company in a research note on Friday, July 11th. Citigroup lowered their price objective on PepsiCo from $168.00 to $165.00 and set a "buy" rating on the stock in a report on Thursday. Finally, JPMorgan Chase & Co. dropped their target price on shares of PepsiCo from $150.00 to $139.00 and set a "neutral" rating on the stock in a report on Thursday, July 10th. Four 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 stock. According to data from MarketBeat.com, the company currently has an average rating of "Hold" and a consensus target price of $158.13.

PepsiCo Trading Up 0.4%

PEP stock opened at $140.44 on Monday. The business's 50 day moving average is $144.63 and its 200-day moving average is $139.59. 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 $192.27 billion, a P/E ratio of 25.58, a P/E/G ratio of 3.54 and a beta of 0.46. PepsiCo, Inc. has a 1-year low of $127.60 and a 1-year high of $177.50.

PepsiCo (NASDAQ:PEP - Get Free Report) last issued its earnings results on Thursday, July 17th. The company reported $2.12 EPS for the quarter, beating the consensus estimate of $2.03 by $0.09. The company had revenue of $22.73 billion for the quarter, compared to the consensus estimate of $22.28 billion. PepsiCo had a net margin of 8.23% and a return on equity of 57.81%. The firm's revenue for the quarter was up 1.0% compared to the same quarter last year. During the same quarter in the previous year, the company earned $2.28 EPS. PepsiCo has set its FY 2025 guidance at 8.038-8.038 EPS. Equities analysts anticipate that PepsiCo, Inc. will post 8.3 earnings per share for the current fiscal year.

PepsiCo Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 30th. Shareholders of record on Friday, September 5th will be given a $1.4225 dividend. The ex-dividend date is Friday, September 5th. This represents a $5.69 annualized dividend and a yield of 4.1%. PepsiCo's payout ratio is presently 103.64%.

PepsiCo 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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