PepsiCo, Inc. $PEP Shares Bought by Signal Advisors Wealth LLC

Key Points

• Signal Advisors Wealth LLC increased its stake in PepsiCo by 38%, acquiring an additional 2,064 shares during Q2, bringing its total holdings to 7,491 shares. This positions their investment at approximately $989,000.
• PepsiCo's recent quarterly earnings topped estimates with $2.12 EPS, surpassing the consensus estimate of $2.03 and reporting revenues of $22.73 billion, a 1.0% increase year-over-year.
• The company announced a quarterly dividend of $1.4225 per share, resulting in an annualized dividend yield of 4.0%, with a current payout ratio of 103.64%.

Signal Advisors Wealth LLC increased its position in shares of PepsiCo, Inc. (NASDAQ:PEP - Free Report) by 38.0% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 7,491 shares of the company's stock after purchasing an additional 2,064 shares during the period. Signal Advisors Wealth LLC's holdings in PepsiCo were worth $989,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. Legacy Financial Group LLC grew its stake in PepsiCo by 4.9% in the first quarter. Legacy Financial Group LLC now owns 1,514 shares of the company's stock worth $227,000 after purchasing an additional 71 shares in the last quarter. Centurion Wealth Management LLC lifted its holdings in shares of PepsiCo by 3.8% in the 2nd quarter. Centurion Wealth Management LLC now owns 2,068 shares of the company's stock worth $273,000 after buying an additional 75 shares during the period. Pflug Koory LLC increased its stake in shares of PepsiCo by 1.0% during the first 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 period. Hoge Financial Services LLC raised 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 valued at $545,000 after acquiring an additional 76 shares in the last quarter. Finally, Members Trust Co lifted its stake in PepsiCo by 1.3% in the first quarter. Members Trust Co now owns 5,941 shares of the company's stock worth $891,000 after acquiring an additional 77 shares during the period. Institutional investors own 73.07% of the company's stock.

PepsiCo Trading Up 0.7%

Shares of NASDAQ:PEP traded up $1.03 during midday trading on Friday, reaching $141.76. 12,355,480 shares of the company's stock were exchanged, compared to its average volume of 7,696,786. The company has a debt-to-equity ratio of 2.12, a current ratio of 0.78 and a quick ratio of 0.60. The stock has a market cap of $194.08 billion, a price-to-earnings ratio of 25.82, a P/E/G ratio of 3.56 and a beta of 0.46. The firm's 50 day simple moving average is $144.39 and its two-hundred day simple moving average is $140.07. PepsiCo, Inc. has a fifty-two week low of $127.60 and a fifty-two week high of $177.50.

PepsiCo (NASDAQ:PEP - Get Free Report) last released its quarterly earnings results on Thursday, July 17th. The company reported $2.12 EPS for the quarter, topping analysts' consensus estimates of $2.03 by $0.09. PepsiCo had a return on equity of 57.81% and a net margin of 8.23%.The company had revenue of $22.73 billion for the quarter, compared to analysts' expectations of $22.28 billion. During the same period in the prior year, the firm earned $2.28 earnings per share. The firm'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, sell-side analysts forecast that PepsiCo, Inc. will post 8.3 EPS for the current fiscal year.

PepsiCo Announces Dividend

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

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on PEP shares. JPMorgan Chase & Co. lowered their price target on shares of PepsiCo from $150.00 to $139.00 and set a "neutral" rating for the company in a research report on Thursday, July 10th. Wells Fargo & Company lifted their price target on PepsiCo from $140.00 to $154.00 and gave the company an "equal weight" rating in a report on Friday, July 18th. 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. UBS Group decreased their price target on shares of PepsiCo from $175.00 to $170.00 and set a "buy" rating for the company in a research report on Thursday, September 11th. Finally, Bank of America cut their price objective on shares of PepsiCo from $150.00 to $145.00 and set a "neutral" rating on the stock in a research report on Friday, July 11th. Four equities research analysts have rated the stock with a Buy rating, fourteen have given a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus target price of $158.60.

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.