Simplicity Wealth LLC Boosts Holdings in PepsiCo, Inc. $PEP

Key Points

• Simplicity Wealth LLC increased its holdings in PepsiCo by 42.5% during the 2nd quarter, owning 41,399 shares worth approximately $5.47 million.
• Wall Street analysts have varied opinions on PepsiCo, with four analysts rating it a Buy and many others rating it a Hold, leading to an average target price of $157.87.
• PepsiCo recently declared a quarterly dividend of $1.4225 per share, reflecting an annualized dividend yield of 4.0%, despite a high dividend payout ratio of 103.64%.

Simplicity Wealth LLC lifted its position in shares of PepsiCo, Inc. (NASDAQ:PEP - Free Report) by 42.5% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 41,399 shares of the company's stock after acquiring an additional 12,340 shares during the quarter. Simplicity Wealth LLC's holdings in PepsiCo were worth $5,466,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. Nova Wealth Management Inc. purchased a new stake in shares of PepsiCo during the 1st quarter worth about $25,000. Elite Financial Inc. purchased a new stake in shares of PepsiCo during the 1st quarter worth about $28,000. Legend Financial Advisors Inc. purchased a new stake in shares of PepsiCo during the 2nd quarter worth about $29,000. Investment Research & Advisory Group Inc. raised its position in shares of PepsiCo by 263.6% during the 2nd quarter. Investment Research & Advisory Group Inc. now owns 320 shares of the company's stock worth $42,000 after purchasing an additional 232 shares during the last quarter. Finally, MorganRosel Wealth Management LLC acquired a new position in shares of PepsiCo during the 1st quarter worth about $55,000. 73.07% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on PEP shares. Citigroup reduced their price target on shares of PepsiCo from $168.00 to $165.00 and set a "buy" rating for the company in a research report on Thursday, September 25th. JPMorgan Chase & Co. reduced 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. Cowen restated a "hold" rating on shares of PepsiCo in a research report on Thursday, July 17th. Royal Bank Of Canada reduced their price target on shares of PepsiCo from $146.00 to $145.00 and set a "sector perform" rating for the company in a research report on Monday, September 15th. Finally, Wells Fargo & Company reduced their price target on shares of PepsiCo from $154.00 to $150.00 and set an "equal weight" 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 assigned a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat, PepsiCo currently has an average rating of "Hold" and an average target price of $157.87.

PepsiCo Stock Down 0.2%

PEP stock opened at $141.98 on Friday. The company has a market cap of $194.38 billion, a price-to-earnings ratio of 25.86, a PEG ratio of 3.58 and a beta of 0.46. The company has a current ratio of 0.78, a quick ratio of 0.60 and a debt-to-equity ratio of 2.12. PepsiCo, Inc. has a 12 month low of $127.60 and a 12 month high of $177.50. The firm has a 50-day moving average of $144.36 and a two-hundred day moving average of $139.39.

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

PepsiCo Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, September 30th. Stockholders of record on Friday, September 5th were issued a dividend of $1.4225 per share. The ex-dividend date was Friday, September 5th. This represents a $5.69 dividend on an annualized basis and a dividend yield of 4.0%. PepsiCo's dividend payout ratio (DPR) 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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