Ridgewood Investments LLC Increases Stake in PepsiCo, Inc. $PEP

Key Points

• Ridgewood Investments LLC increased its stake in PepsiCo, Inc. by 667.5%, now owning 13,692 shares valued at $1.8 million, making it the firm's 28th largest investment.
• PepsiCo recently reported a quarterly earnings per share (EPS) of $2.12, exceeding analysts' expectations of $2.03, contributing to a revenue of $22.73 billion for the quarter.
• The company announced a quarterly dividend of $1.4225 per share, which will be paid on September 30th, representing an annual yield of 4.0% and a payout ratio of 103.64%.

Ridgewood Investments LLC increased its holdings in PepsiCo, Inc. (NASDAQ:PEP - Free Report) by 667.5% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 13,692 shares of the company's stock after purchasing an additional 11,908 shares during the quarter. PepsiCo accounts for 0.8% of Ridgewood Investments LLC's investment portfolio, making the stock its 28th biggest position. Ridgewood Investments LLC's holdings in PepsiCo were worth $1,808,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in the business. Legacy Financial Group LLC grew its position in PepsiCo by 4.9% during the 1st quarter. Legacy Financial Group LLC now owns 1,514 shares of the company's stock worth $227,000 after acquiring an additional 71 shares during the last quarter. Centurion Wealth Management LLC grew its holdings in shares of PepsiCo by 3.8% in the second quarter. Centurion Wealth Management LLC now owns 2,068 shares of the company's stock worth $273,000 after purchasing an additional 75 shares during the last quarter. SK Wealth Management LLC increased its stake in shares of PepsiCo by 3.3% in the second quarter. SK Wealth Management LLC now owns 2,375 shares of the company's stock worth $319,000 after buying an additional 75 shares during the period. Pflug Koory LLC raised its holdings in PepsiCo by 1.0% during the 1st quarter. Pflug Koory LLC now owns 7,750 shares of the company's stock valued at $1,162,000 after buying an additional 76 shares during the last quarter. Finally, Hoge Financial Services LLC boosted its position in PepsiCo by 2.1% during the 1st quarter. Hoge Financial Services LLC now owns 3,633 shares of the company's stock valued at $545,000 after buying an additional 76 shares during the period. 73.07% of the stock is currently owned by hedge funds and other institutional investors.

PepsiCo Stock Up 0.7%

NASDAQ:PEP opened at $141.76 on Monday. The firm has a 50-day simple moving average of $144.39 and a two-hundred day simple moving average of $139.97. The firm has a market cap of $194.08 billion, a P/E ratio of 25.82, a P/E/G ratio of 3.58 and a beta of 0.46. 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 2.12, a quick ratio of 0.60 and a current ratio of 0.78.

PepsiCo (NASDAQ:PEP - Get Free Report) last posted its quarterly earnings results on Thursday, July 17th. The company reported $2.12 EPS for the quarter, beating analysts' consensus estimates 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 for the quarter, compared to analysts' expectations of $22.28 billion. During the same quarter in the prior year, the company posted $2.28 earnings per share. The business's revenue for the quarter was up 1.0% on a year-over-year basis. PepsiCo has set its FY 2025 guidance at 8.038-8.038 EPS. Analysts predict that PepsiCo, Inc. will post 8.3 earnings per share for the current fiscal year.

PepsiCo Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 30th. Investors of record on Friday, September 5th will be given a dividend of $1.4225 per share. The ex-dividend date of this dividend is Friday, September 5th. This represents a $5.69 annualized dividend and a dividend yield of 4.0%. PepsiCo's dividend payout ratio (DPR) is 103.64%.

Wall Street Analyst Weigh In

PEP has been the topic of a number of analyst reports. JPMorgan Chase & Co. decreased their price objective on shares of PepsiCo from $150.00 to $139.00 and set a "neutral" rating on the stock in a research report on Thursday, July 10th. Citigroup upped their price target on PepsiCo from $160.00 to $168.00 and gave the company a "buy" rating in a research report on Friday, July 18th. Royal Bank Of Canada cut their price objective on PepsiCo from $146.00 to $145.00 and set a "sector perform" rating on the stock in a research report on Monday, September 15th. Deutsche Bank Aktiengesellschaft restated a "buy" rating on shares of PepsiCo in a report on Thursday, July 17th. Finally, Barclays lifted their price target on shares of PepsiCo from $132.00 to $144.00 and gave the company an "equal weight" rating in a report on Monday, July 21st. Four research analysts have rated the stock with a Buy rating, fourteen have issued a Hold rating and one has issued a Sell rating to the company's stock. According to MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus target price of $158.60.

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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