PepsiCo, Inc. $PEP Shares Bought by Armstrong Fleming & Moore Inc

Key Points

• Armstrong Fleming & Moore Inc increased its stake in PepsiCo, Inc. by 158.3% during the 2nd quarter, now holding 5,431 shares valued at approximately $717,000.
• Recent analyst reports show varied price targets for PepsiCo, with Morgan Stanley raising its target to $165.00, while Bank of America lowered its target to $145.00, indicating a consensus rating of "Hold."
• PepsiCo declared a quarterly dividend of $1.4225 per share, with a current yield of 4.1%, despite a payout ratio of 103.64%.

Armstrong Fleming & Moore Inc raised its position in PepsiCo, Inc. (NASDAQ:PEP - Free Report) by 158.3% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 5,431 shares of the company's stock after purchasing an additional 3,328 shares during the quarter. Armstrong Fleming & Moore Inc's holdings in PepsiCo were worth $717,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Nova Wealth Management Inc. purchased a new stake in shares of PepsiCo in the 1st quarter valued at approximately $25,000. Elite Financial Inc. purchased a new position in shares of PepsiCo in the 1st quarter valued at about $28,000. Legend Financial Advisors Inc. purchased a new position in PepsiCo during the 2nd quarter valued at about $29,000. RMG Wealth Management LLC purchased a new position in PepsiCo during the 2nd quarter valued at about $45,000. Finally, Investment Research & Advisory Group Inc. lifted its position in PepsiCo by 263.6% during the second quarter. Investment Research & Advisory Group Inc. now owns 320 shares of the company's stock valued at $42,000 after buying an additional 232 shares in the last quarter. 73.07% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of research firms have recently issued reports on PEP. Morgan Stanley lifted their price objective on shares of PepsiCo from $153.00 to $165.00 and gave the company an "equal weight" rating in a research note on Friday, July 18th. Citigroup reduced their price target on shares of PepsiCo from $168.00 to $165.00 and set a "buy" rating for the company in a report on Thursday, September 25th. UBS Group dropped their price target on shares of PepsiCo from $175.00 to $170.00 and set a "buy" rating on the stock in a research report on Thursday, September 11th. Bank of America dropped their price objective on PepsiCo from $150.00 to $145.00 and set a "neutral" rating on the stock in a report on Friday, July 11th. Finally, BNP Paribas Exane reduced their price objective on PepsiCo from $152.00 to $150.00 and set a "neutral" rating for the company in a research report on Monday. Four equities research analysts have rated the stock with a Buy rating, fifteen have issued a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average target price of $158.13.

PepsiCo Stock Down 1.4%

PEP stock opened at $138.84 on Thursday. 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 business's 50 day simple moving average is $144.18 and its 200 day simple moving average is $139.30. PepsiCo, Inc. has a 1-year low of $127.60 and a 1-year high of $177.50. The firm has a market capitalization of $190.08 billion, a PE ratio of 25.29, a PEG ratio of 3.55 and a beta of 0.46.

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

PepsiCo Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, September 30th. Shareholders of record on Friday, September 5th were paid a dividend of $1.4225 per share. The ex-dividend date of this dividend was Friday, September 5th. This represents a $5.69 annualized dividend and a yield of 4.1%. PepsiCo's payout ratio is 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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