PFG Investments LLC Purchases 2,030 Shares of PepsiCo, Inc. $PEP

Key Points

• PFG Investments LLC increased its stake in PepsiCo by 3.5% during the second quarter, acquiring an additional 2,030 shares, bringing their total holdings to 60,789 shares worth approximately $8.03 million.
• PepsiCo reported a quarterly earnings per share (EPS) of $2.12, beating analysts' estimates, with a revenue of $22.73 billion for the quarter, a 1% increase compared to the same period last year.
• The company announced a quarterly dividend of $1.4225 per share, yielding 4.1%, though it has a dividend payout ratio of 103.64%, which indicates its annual dividends exceed its net income.

PFG Investments LLC lifted its holdings in shares of PepsiCo, Inc. (NASDAQ:PEP - Free Report) by 3.5% in the second quarter, according to its most recent filing with the SEC. The firm owned 60,789 shares of the company's stock after acquiring an additional 2,030 shares during the period. PFG Investments LLC's holdings in PepsiCo were worth $8,027,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Legacy Financial Group LLC lifted its position in shares of PepsiCo by 4.9% during the 1st quarter. Legacy Financial Group LLC now owns 1,514 shares of the company's stock valued at $227,000 after acquiring an additional 71 shares during the period. Centurion Wealth Management LLC lifted its position in shares of PepsiCo by 3.8% during the 2nd quarter. Centurion Wealth Management LLC now owns 2,068 shares of the company's stock valued at $273,000 after acquiring an additional 75 shares during the period. SK Wealth Management LLC lifted its position in shares of PepsiCo by 3.3% during the 2nd quarter. SK Wealth Management LLC now owns 2,375 shares of the company's stock valued at $319,000 after acquiring an additional 75 shares during the period. Pflug Koory LLC lifted its position in shares of PepsiCo by 1.0% during the 1st quarter. Pflug Koory LLC now owns 7,750 shares of the company's stock worth $1,162,000 after buying an additional 76 shares during the last quarter. Finally, Hoge Financial Services LLC lifted its holdings in shares of PepsiCo by 2.1% in the first quarter. Hoge Financial Services LLC now owns 3,633 shares of the company's stock worth $545,000 after acquiring an additional 76 shares during the last quarter. 73.07% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on the stock. UBS Group dropped their target price on shares of PepsiCo from $175.00 to $170.00 and set a "buy" rating for the company in a report on Thursday, September 11th. Cowen reissued a "hold" rating on shares of PepsiCo in a research note on Thursday, July 17th. Deutsche Bank Aktiengesellschaft reiterated a "buy" rating on shares of PepsiCo in a research note on Thursday, July 17th. Bank of America dropped their price target on PepsiCo from $150.00 to $145.00 and set a "neutral" rating for the company in a research note on Friday, July 11th. Finally, Citigroup dropped their target price on PepsiCo from $168.00 to $165.00 and set a "buy" rating for the company in a research report on Thursday, September 25th. Four investment 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. According to MarketBeat, the stock presently has a consensus rating of "Hold" and an average target price of $158.13.

PepsiCo Price Performance

Shares of PEP opened at $140.44 on Wednesday. The company has a debt-to-equity ratio of 2.12, a current ratio of 0.78 and a quick ratio of 0.60. PepsiCo, Inc. has a 1 year low of $127.60 and a 1 year high of $177.50. The business has a 50-day moving average of $144.49 and a 200-day moving average of $139.54. The company has a market capitalization of $192.27 billion, a price-to-earnings ratio of 25.58, a price-to-earnings-growth ratio of 3.54 and a beta of 0.46.

PepsiCo (NASDAQ:PEP - Get Free Report) last released its quarterly 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 net margin of 8.23% and a return on equity of 57.81%. The firm had revenue of $22.73 billion during the quarter, compared to analyst estimates of $22.28 billion. During the same quarter last year, the business earned $2.28 EPS. The company's revenue was up 1.0% compared to the same quarter last year. PepsiCo has set its FY 2025 guidance at 8.038-8.038 EPS. As a group, equities research analysts anticipate that PepsiCo, Inc. will post 8.3 earnings per share for the current year.

PepsiCo Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, September 30th. Stockholders of record on Friday, September 5th were given a $1.4225 dividend. The ex-dividend date of this dividend was Friday, September 5th. This represents a $5.69 annualized dividend and a dividend yield of 4.1%. PepsiCo's dividend payout ratio (DPR) is 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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