PepsiCo, Inc. $PEP Stock Position Raised by Beaumont Financial Advisors LLC

Key Points

• Beaumont Financial Advisors LLC increased its stake in PepsiCo by 2.0%, acquiring an additional 2,068 shares, bringing its total holdings to approximately $13.86 million.
• PepsiCo reported $2.12 earnings per share (EPS) for the latest quarter, exceeding analyst expectations of $2.03 and showing a 1.0% year-over-year revenue increase.
• The company declared a quarterly dividend of $1.4225 per share, resulting in an annualized dividend yield of 4.1% despite a payout ratio of 103.64%.

Beaumont Financial Advisors LLC lifted its stake in shares of PepsiCo, Inc. (NASDAQ:PEP - Free Report) by 2.0% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 104,987 shares of the company's stock after acquiring an additional 2,068 shares during the quarter. PepsiCo accounts for 1.0% of Beaumont Financial Advisors LLC's portfolio, making the stock its 29th largest holding. Beaumont Financial Advisors LLC's holdings in PepsiCo were worth $13,863,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also modified their holdings of the company. Brighton Jones LLC raised its position in PepsiCo by 12.4% during the fourth quarter. Brighton Jones LLC now owns 59,392 shares of the company's stock valued at $9,031,000 after buying an additional 6,574 shares during the period. Mascagni Wealth Management Inc. acquired a new stake in PepsiCo during the fourth quarter valued at $333,000. MassMutual Private Wealth & Trust FSB boosted its position in PepsiCo by 6.6% during the first quarter. MassMutual Private Wealth & Trust FSB now owns 217,985 shares of the company's stock valued at $32,685,000 after purchasing an additional 13,475 shares during the last quarter. Jacobs & Co. CA boosted its position in PepsiCo by 1.3% during the first quarter. Jacobs & Co. CA now owns 88,042 shares of the company's stock valued at $13,201,000 after purchasing an additional 1,098 shares during the last quarter. Finally, Versant Capital Management Inc boosted its position in PepsiCo by 52.8% during the first quarter. Versant Capital Management Inc now owns 6,604 shares of the company's stock valued at $990,000 after purchasing an additional 2,281 shares during the last quarter. 73.07% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several research firms have weighed in on PEP. Deutsche Bank Aktiengesellschaft restated a "buy" rating on shares of PepsiCo in a report on Thursday, July 17th. 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 report on Monday, September 15th. Cowen reaffirmed a "hold" rating on shares of PepsiCo in a research note on Thursday, July 17th. Citigroup reduced their target price on PepsiCo from $168.00 to $165.00 and set a "buy" rating on the stock in a report on Thursday. Finally, Bank of America reduced 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. Four analysts have rated the stock with a Buy rating, fourteen have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus target price of $158.13.

PepsiCo Price Performance

PEP stock opened at $139.92 on Friday. 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 stock has a 50-day moving average price of $144.68 and a two-hundred day moving average price of $139.79. The stock has a market cap of $191.56 billion, a PE ratio of 25.49, a price-to-earnings-growth ratio of 3.59 and a beta of 0.46. PepsiCo, Inc. has a 1 year low of $127.60 and a 1 year high of $177.50.

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

PepsiCo Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 30th. Stockholders of record on Friday, September 5th will be issued a dividend of $1.4225 per share. This represents a $5.69 dividend on an annualized basis and a dividend yield of 4.1%. The ex-dividend date is Friday, September 5th. PepsiCo's payout ratio is currently 103.64%.

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.

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