PepsiCo, Inc. $PEP Stake Boosted by Fiduciary Family Office LLC

Key Points

• Fiduciary Family Office LLC increased its stake in PepsiCo by 22.5% during Q2, owning a total of 9,503 shares valued at approximately $1.25 million.
• PepsiCo has recently received positive ratings and raised price targets from several analysts, with the consensus price target now at $156.00.
• The company reported earnings of $2.29 EPS for the last quarter, exceeding expectations, and declared a quarterly dividend with a yield of 3.7%.

Fiduciary Family Office LLC increased its position in shares of PepsiCo, Inc. (NASDAQ:PEP - Free Report) by 22.5% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 9,503 shares of the company's stock after purchasing an additional 1,748 shares during the quarter. Fiduciary Family Office LLC's holdings in PepsiCo were worth $1,255,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Nova Wealth Management Inc. bought a new position in PepsiCo during the first quarter worth $25,000. Elite Financial Inc. bought a new stake in PepsiCo in the first quarter valued at $28,000. Legend Financial Advisors Inc. bought a new stake in PepsiCo in the second quarter valued at $29,000. Frazier Financial Advisors LLC lifted its stake in PepsiCo by 85.3% in the second quarter. Frazier Financial Advisors LLC now owns 265 shares of the company's stock valued at $35,000 after buying an additional 122 shares during the last quarter. Finally, RMG Wealth Management LLC bought a new stake in PepsiCo in the second quarter valued at $45,000. 73.07% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of research firms have issued reports on PEP. Deutsche Bank Aktiengesellschaft reiterated a "buy" rating on shares of PepsiCo in a research note on Thursday, July 17th. Barclays raised their target price on PepsiCo from $140.00 to $142.00 and gave the company an "equal weight" rating in a research note on Friday, October 10th. Wells Fargo & Company lifted their price objective on shares of PepsiCo from $150.00 to $154.00 and gave the company a "positive" rating in a research note on Friday, October 10th. 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. Finally, Bank of America lifted their price objective on shares of PepsiCo from $150.00 to $155.00 and gave the company a "neutral" rating in a research note on Friday, October 10th. Six equities research analysts have rated the stock with a Buy rating, fourteen have given a Hold rating and one has issued a Sell rating to the company's stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus price target of $156.00.

PepsiCo Price Performance

Shares of PepsiCo stock opened at $153.64 on Tuesday. The company has a current ratio of 0.91, a quick ratio of 0.72 and a debt-to-equity ratio of 2.26. The company's 50-day moving average price is $145.69 and its two-hundred day moving average price is $139.29. PepsiCo, Inc. has a 52 week low of $127.60 and a 52 week high of $177.50. The stock has a market cap of $210.08 billion, a PE ratio of 29.21, a price-to-earnings-growth ratio of 3.74 and a beta of 0.46.

PepsiCo (NASDAQ:PEP - Get Free Report) last issued its quarterly earnings results on Thursday, October 9th. The company reported $2.29 EPS for the quarter, topping the consensus estimate of $2.26 by $0.03. The firm had revenue of $23.94 billion for the quarter, compared to analysts' expectations of $23.91 billion. PepsiCo had a net margin of 7.82% and a return on equity of 57.58%. PepsiCo's revenue for the quarter was up 2.7% compared to the same quarter last year. During the same period in the previous year, the business earned $2.31 earnings per share. PepsiCo has set its FY 2025 guidance at 8.120-8.120 EPS. As a group, sell-side analysts anticipate that PepsiCo, Inc. will post 8.3 EPS for the current fiscal year.

PepsiCo Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, September 30th. Investors of record on Friday, September 5th were paid a $1.4225 dividend. The ex-dividend date of this dividend was Friday, September 5th. This represents a $5.69 dividend on an annualized basis and a yield of 3.7%. PepsiCo's dividend payout ratio (DPR) is currently 108.17%.

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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