PepsiCo, Inc. $PEP Stake Lifted by Fifth Third Wealth Advisors LLC

Key Points

• Fifth Third Wealth Advisors LLC increased its stake in PepsiCo by 23.9% during the second quarter, holding 39,062 shares valued at approximately $5.16 million.
• PepsiCo reported quarterly earnings of $2.29 EPS, exceeding analysts' estimates, and recorded revenues of $23.94 billion, up 2.7% year-over-year.
• The company also announced a quarterly dividend of $1.4225, resulting in an annualized dividend of $5.69 and a yield of 3.8%.

Fifth Third Wealth Advisors LLC increased its stake in PepsiCo, Inc. (NASDAQ:PEP - Free Report) by 23.9% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 39,062 shares of the company's stock after acquiring an additional 7,541 shares during the period. Fifth Third Wealth Advisors LLC's holdings in PepsiCo were worth $5,158,000 at the end of the most recent reporting period.

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

PepsiCo Stock Performance

PEP stock opened at $150.08 on Friday. The company has a debt-to-equity ratio of 2.12, a quick ratio of 0.60 and a current ratio of 0.78. The stock has a market cap of $205.47 billion, a P/E ratio of 28.53, a P/E/G ratio of 3.62 and a beta of 0.46. The firm has a 50 day simple moving average of $144.53 and a 200 day simple moving average of $139.32. PepsiCo, Inc. has a 52 week low of $127.60 and a 52 week high of $177.50.

PepsiCo (NASDAQ:PEP - Get Free Report) last posted 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 business had revenue of $23.94 billion during the quarter, compared to analysts' expectations of $23.91 billion. PepsiCo had a net margin of 7.82% and a return on equity of 58.46%. The firm's quarterly revenue was up 2.7% compared to the same quarter last year. During the same period last year, the company posted $2.31 earnings per share. PepsiCo has set its FY 2025 guidance at 8.120-8.120 EPS. Research analysts anticipate that PepsiCo, Inc. will post 8.3 earnings per share for the current fiscal year.

PepsiCo Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, September 30th. Shareholders of record on Friday, September 5th were paid a $1.4225 dividend. The ex-dividend date was Friday, September 5th. This represents a $5.69 dividend on an annualized basis and a yield of 3.8%. PepsiCo's payout ratio is 103.64%.

Analysts Set New Price Targets

Several research firms have recently weighed in on PEP. Cowen reissued a "hold" rating on shares of PepsiCo in a research note on Thursday, July 17th. JPMorgan Chase & Co. cut their price objective on PepsiCo from $157.00 to $151.00 and set a "neutral" rating on the stock in a report on Monday, October 6th. Bank of America cut 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. Weiss Ratings reiterated a "hold (c-)" rating on shares of PepsiCo in a report on Saturday, September 27th. Finally, Wells Fargo & Company raised their price objective on shares of PepsiCo from $150.00 to $154.00 and gave the stock a "positive" rating in a research note on Friday. Five investment analysts have rated the stock with a Buy rating and fourteen have assigned a Hold rating to the stock. According to MarketBeat.com, the company currently has an average rating of "Hold" and a consensus target price of $158.25.

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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