Prasad Wealth Partners LLC Acquires Shares of 17,127 PepsiCo, Inc. $PEP

Key Points

• Prasad Wealth Partners LLC acquired 17,127 shares of PepsiCo valued at approximately $2.26 million, as disclosed in their recent 13F filing.
• PepsiCo's quarterly earnings exceeded expectations with an EPS of $2.12, surpassing the consensus estimate of $2.03, alongside a revenue of $22.73 billion.
• The company announced a quarterly dividend of $1.4225, translating to an annualized yield of 4.1%, with a payout ratio of 103.64%.

Prasad Wealth Partners LLC acquired a new stake in shares of PepsiCo, Inc. (NASDAQ:PEP - Free Report) in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 17,127 shares of the company's stock, valued at approximately $2,261,000.

A number of other large investors also recently bought and sold shares of the company. Joel Isaacson & Co. LLC lifted its holdings in PepsiCo by 0.5% during the 2nd quarter. Joel Isaacson & Co. LLC now owns 16,507 shares of the company's stock worth $2,180,000 after buying an additional 74 shares during the last quarter. Sunbeam Capital Management LLC bought a new stake in shares of PepsiCo in the 2nd quarter worth approximately $250,000. KLP Kapitalforvaltning AS lifted its holdings in shares of PepsiCo by 3.7% in the 2nd quarter. KLP Kapitalforvaltning AS now owns 543,096 shares of the company's stock worth $71,710,000 after purchasing an additional 19,200 shares during the last quarter. RMG Wealth Management LLC bought a new stake in shares of PepsiCo in the 2nd quarter worth approximately $45,000. Finally, Hardy Reed LLC lifted its holdings in shares of PepsiCo by 76.2% in the 2nd quarter. Hardy Reed LLC now owns 3,384 shares of the company's stock worth $447,000 after purchasing an additional 1,463 shares during the last quarter. Institutional investors own 73.07% of the company's stock.

PepsiCo Stock Down 1.6%

Shares of PEP stock opened at $139.70 on Tuesday. 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 $191.26 billion, a PE ratio of 25.45, a price-to-earnings-growth ratio of 3.58 and a beta of 0.46. The business's fifty day moving average is $144.32 and its 200-day moving average is $139.30. 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 issued its earnings results on Thursday, July 17th. The company reported $2.12 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $2.03 by $0.09. The business had revenue of $22.73 billion for the quarter, compared to analysts' expectations of $22.28 billion. PepsiCo had a return on equity of 57.81% and a net margin of 8.23%.The company's quarterly revenue was up 1.0% on a year-over-year basis. During the same period in the previous year, the firm posted $2.28 EPS. PepsiCo has set its FY 2025 guidance at 8.038-8.038 EPS. Equities analysts expect that PepsiCo, Inc. will post 8.3 earnings per share for the current fiscal year.

PepsiCo Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, September 30th. Investors of record on Friday, September 5th were issued a $1.4225 dividend. This represents a $5.69 dividend on an annualized basis and a dividend yield of 4.1%. The ex-dividend date was Friday, September 5th. PepsiCo's payout ratio is presently 103.64%.

Analyst Ratings Changes

Several brokerages recently issued reports on PEP. BNP Paribas Exane cut their price target on PepsiCo from $152.00 to $150.00 and set a "neutral" rating on the stock in a report on Monday. Deutsche Bank Aktiengesellschaft reissued a "buy" rating on shares of PepsiCo in a report on Thursday, July 17th. Wells Fargo & Company cut their price target on PepsiCo from $154.00 to $150.00 and set an "equal weight" rating on the stock in a report on Thursday, September 25th. Royal Bank Of Canada cut their target price on PepsiCo from $146.00 to $145.00 and set a "sector perform" rating on the stock in a research note on Monday, September 15th. Finally, Bank of America cut their target price on PepsiCo from $150.00 to $145.00 and set a "neutral" rating on the stock in a research note on Friday, July 11th. Four research analysts have rated the stock with a Buy rating, fifteen have assigned a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat.com, PepsiCo has an average rating of "Hold" and an average target price of $158.13.

PepsiCo Company 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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