Sowell Financial Services LLC Grows Holdings in PepsiCo, Inc. $PEP

Key Points

• Sowell Financial Services LLC increased its holdings in PepsiCo by 7.6% during Q2, owning 35,441 shares valued at approximately $4.68 million.
• PepsiCo's latest quarterly earnings report showed a net revenue increase of 1.0% year-over-year, with an EPS of $2.12, surpassing analysts' expectations.
• Analysts' ratings for PepsiCo are mixed, with four Buy ratings, fourteen Holds, and one Sell, and an average price target of $158.60.

Sowell Financial Services LLC lifted its stake in shares of PepsiCo, Inc. (NASDAQ:PEP - Free Report) by 7.6% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 35,441 shares of the company's stock after purchasing an additional 2,506 shares during the period. Sowell Financial Services LLC's holdings in PepsiCo were worth $4,680,000 as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of PEP. Nova Wealth Management Inc. acquired a new position in PepsiCo during the first quarter worth $25,000. Elite Financial Inc. purchased a new stake in shares of PepsiCo in the first quarter valued at about $28,000. Sunbeam Capital Management LLC purchased a new stake in shares of PepsiCo in the fourth quarter valued at about $47,000. MorganRosel Wealth Management LLC purchased a new stake in shares of PepsiCo in the first quarter valued at about $55,000. Finally, Migdal Insurance & Financial Holdings Ltd. acquired a new stake in PepsiCo in the first quarter valued at about $58,000. Institutional investors and hedge funds own 73.07% of the company's stock.

PepsiCo Trading Up 0.7%

NASDAQ PEP traded up $0.95 during mid-day trading on Tuesday, reaching $141.98. 3,114,304 shares of the stock were exchanged, compared to its average volume of 8,438,792. PepsiCo, Inc. has a 1-year low of $127.60 and a 1-year high of $177.50. The business's fifty day simple moving average is $144.50 and its 200 day simple moving average is $139.87. The stock has a market capitalization of $194.39 billion, a PE ratio of 25.87, a PEG ratio of 3.58 and a beta of 0.46. 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 (NASDAQ:PEP - Get Free Report) last announced its quarterly earnings results 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. The company had revenue of $22.73 billion for the quarter, compared to analyst estimates of $22.28 billion. PepsiCo had a net margin of 8.23% and a return on equity of 57.81%. PepsiCo's revenue for the quarter was up 1.0% on a year-over-year basis. During the same quarter last year, the business earned $2.28 EPS. PepsiCo has set its FY 2025 guidance at 8.038-8.038 EPS. On average, research analysts anticipate that PepsiCo, Inc. will post 8.3 earnings per share for the current fiscal year.

PepsiCo Dividend Announcement

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

Analyst Upgrades and Downgrades

A number of brokerages recently commented on PEP. Royal Bank Of Canada reduced their price objective on shares of PepsiCo from $146.00 to $145.00 and set a "sector perform" rating for the company in a research report on Monday, September 15th. Citigroup increased their target price on shares of PepsiCo from $160.00 to $168.00 and gave the company a "buy" rating in a report on Friday, July 18th. JPMorgan Chase & Co. dropped their target price on shares of PepsiCo from $150.00 to $139.00 and set a "neutral" rating for the company in a report on Thursday, July 10th. Deutsche Bank Aktiengesellschaft reaffirmed a "buy" rating on shares of PepsiCo in a report on Thursday, July 17th. Finally, Morgan Stanley increased their target price on shares of PepsiCo from $153.00 to $165.00 and gave the company an "equal weight" rating in a report on Friday, July 18th. Four research analysts have rated the stock with a Buy rating, fourteen have assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the company presently has an average rating of "Hold" and an average price target of $158.60.

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.