PepsiCo, Inc. $PEP Stock Holdings Lifted by Beverly Hills Private Wealth LLC

Key Points

• Beverly Hills Private Wealth LLC increased its stake in PepsiCo by 6.2%, owning 35,482 shares worth $4.68 million, which makes PepsiCo its 22nd largest holding.
• Several hedge funds, including Nova Wealth Management and Elite Financial, have established or increased their positions in PepsiCo, indicating strong institutional interest.
• PepsiCo reported a quarterly EPS of $2.29, beating estimates, and announced a quarterly dividend of $1.4225 per share, resulting in a dividend yield of 3.7%.

Beverly Hills Private Wealth LLC grew its stake in shares of PepsiCo, Inc. (NASDAQ:PEP - Free Report) by 6.2% in the second quarter, according to its most recent filing with the SEC. The fund owned 35,482 shares of the company's stock after acquiring an additional 2,064 shares during the period. PepsiCo comprises about 0.9% of Beverly Hills Private Wealth LLC's portfolio, making the stock its 22nd largest holding. Beverly Hills Private Wealth LLC's holdings in PepsiCo were worth $4,685,000 as of its most recent filing with the SEC.

A number of other hedge funds have also modified their holdings of the stock. Nova Wealth Management Inc. acquired a new position in shares of PepsiCo in the first quarter worth about $25,000. Elite Financial Inc. acquired a new position in PepsiCo in the 1st quarter worth approximately $28,000. Legend Financial Advisors Inc. purchased a new position in PepsiCo during the 2nd quarter worth approximately $29,000. Frazier Financial Advisors LLC raised its stake in PepsiCo by 85.3% during the 2nd quarter. Frazier Financial Advisors LLC now owns 265 shares of the company's stock valued at $35,000 after purchasing an additional 122 shares during the period. Finally, Investment Research & Advisory Group Inc. lifted its holdings in shares of PepsiCo by 263.6% in the second quarter. Investment Research & Advisory Group Inc. now owns 320 shares of the company's stock valued at $42,000 after purchasing an additional 232 shares in the last quarter. 73.07% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on PEP shares. Cowen reissued a "hold" rating on shares of PepsiCo in a research report on Thursday, July 17th. Piper Sandler upped their target price on PepsiCo from $160.00 to $162.00 and gave the company an "overweight" rating in a report on Friday, October 10th. Morgan Stanley raised their price target on shares of PepsiCo from $153.00 to $165.00 and gave the stock an "equal weight" rating in a report on Friday, July 18th. Deutsche Bank Aktiengesellschaft reiterated a "buy" rating on shares of PepsiCo in a research note on Thursday, July 17th. Finally, HSBC lifted their target price on shares of PepsiCo from $145.00 to $152.00 and gave the company a "hold" rating in a research note on Friday, October 10th. Six 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's stock. Based on data from MarketBeat, PepsiCo currently has a consensus rating of "Hold" and an average target price of $156.00.

PepsiCo Price Performance

NASDAQ PEP opened at $153.71 on Monday. The firm has a market cap of $210.17 billion, a P/E ratio of 29.22, a price-to-earnings-growth ratio of 3.74 and a beta of 0.46. The stock's 50-day moving average is $145.51 and its two-hundred day moving average is $139.25. PepsiCo, Inc. has a fifty-two week low of $127.60 and a fifty-two week high of $177.50. The company has a debt-to-equity ratio of 2.26, a current ratio of 0.91 and a quick ratio of 0.72.

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

PepsiCo Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, September 30th. Investors of record on Friday, September 5th were issued a dividend of $1.4225 per share. This represents a $5.69 annualized dividend and a dividend yield of 3.7%. The ex-dividend date of this dividend was Friday, September 5th. PepsiCo's dividend payout ratio 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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