PepsiCo, Inc. $PEP Shares Acquired by Merit Financial Group LLC

Key Points

• Merit Financial Group LLC increased its stake in PepsiCo by 46.4% in Q2, now owning 114,344 shares valued at approximately $15.1 million.
• PepsiCo reported a quarterly earnings per share of $2.12, exceeding analyst expectations of $2.03, with revenue reaching $22.73 billion.
• The company recently declared a quarterly dividend of $1.4225, resulting in an annualized dividend yield of 4.0%, with a payout ratio of 103.64%.

Merit Financial Group LLC grew its stake in shares of PepsiCo, Inc. (NASDAQ:PEP - Free Report) by 46.4% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 114,344 shares of the company's stock after purchasing an additional 36,239 shares during the period. Merit Financial Group LLC's holdings in PepsiCo were worth $15,098,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of the stock. Dogwood Wealth Management LLC lifted its holdings in shares of PepsiCo by 15.4% during the second quarter. Dogwood Wealth Management LLC now owns 539 shares of the company's stock valued at $73,000 after purchasing an additional 72 shares during the last quarter. Centurion Wealth Management LLC lifted its holdings in shares of PepsiCo by 3.8% during the second quarter. Centurion Wealth Management LLC now owns 2,068 shares of the company's stock valued at $273,000 after purchasing an additional 75 shares during the last quarter. SK Wealth Management LLC lifted its holdings in shares of PepsiCo by 3.3% during the second quarter. SK Wealth Management LLC now owns 2,375 shares of the company's stock valued at $319,000 after purchasing an additional 75 shares during the last quarter. Pflug Koory LLC raised its position in PepsiCo by 1.0% during the first quarter. Pflug Koory LLC now owns 7,750 shares of the company's stock valued at $1,162,000 after buying an additional 76 shares during the period. Finally, Hoge Financial Services LLC lifted its stake in PepsiCo by 2.1% in the 1st quarter. Hoge Financial Services LLC now owns 3,633 shares of the company's stock worth $545,000 after acquiring an additional 76 shares in the last quarter. 73.07% of the stock is owned by hedge funds and other institutional investors.

PepsiCo Stock Down 0.2%

PEP opened at $141.98 on Friday. PepsiCo, Inc. has a fifty-two week low of $127.60 and a fifty-two week high of $177.50. The business has a 50-day moving average of $144.36 and a 200-day moving average of $139.39. 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 company has a market capitalization of $194.38 billion, a PE ratio of 25.86, a price-to-earnings-growth ratio of 3.58 and a beta of 0.46.

PepsiCo (NASDAQ:PEP - Get Free Report) last posted its quarterly earnings results on Thursday, July 17th. The company reported $2.12 earnings per share for the quarter, topping 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 company had revenue of $22.73 billion during the quarter, compared to the consensus estimate of $22.28 billion. During the same period last year, the business earned $2.28 EPS. The business's quarterly revenue was up 1.0% on a year-over-year basis. PepsiCo has set its FY 2025 guidance at 8.038-8.038 EPS. Equities research analysts forecast that PepsiCo, Inc. will post 8.3 EPS for the current fiscal year.

PepsiCo Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 30th. Investors of record on Friday, September 5th were 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 was Friday, September 5th. PepsiCo's dividend payout ratio (DPR) is presently 103.64%.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on PEP shares. Citigroup reduced their price objective on PepsiCo from $168.00 to $165.00 and set a "buy" rating for the company in a research note on Thursday, September 25th. Deutsche Bank Aktiengesellschaft reissued a "buy" rating on shares of PepsiCo in a research note on Thursday, July 17th. Cowen reissued a "hold" rating on shares of PepsiCo in a research note on Thursday, July 17th. JPMorgan Chase & Co. reduced their price objective on PepsiCo from $150.00 to $139.00 and set a "neutral" rating for the company in a research note on Thursday, July 10th. Finally, Wells Fargo & Company reduced their price objective on PepsiCo from $154.00 to $150.00 and set an "equal weight" rating for the company in a research note on Thursday, September 25th. Four analysts have rated the stock with a Buy rating, fourteen have issued a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus price target of $157.87.

PepsiCo Company 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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