Sound Income Strategies LLC Raises Stock Holdings in PepsiCo, Inc. $PEP

Key Points

• Sound Income Strategies LLC increased its stake in PepsiCo, Inc. by 10.8%, owning a total of 87,347 shares valued at approximately $11.53 million.
• Analyst ratings for PepsiCo are mixed, with four analysts$158.13, following recent adjustments by multiple firms.
• PepsiCo reported earnings of $2.12 per share for the latest quarter, exceeding expectations, and announced a quarterly dividend of $1.4225, with a yield of 4.1%.

Sound Income Strategies LLC boosted its stake in shares of PepsiCo, Inc. (NASDAQ:PEP - Free Report) by 10.8% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 87,347 shares of the company's stock after purchasing an additional 8,513 shares during the quarter. Sound Income Strategies LLC's holdings in PepsiCo were worth $11,533,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Investment Research & Advisory Group Inc. grew its stake in PepsiCo by 263.6% in the second quarter. Investment Research & Advisory Group Inc. now owns 320 shares of the company's stock valued at $42,000 after purchasing an additional 232 shares during the last quarter. Genesis Private Wealth LLC grew its stake in PepsiCo by 9.4% in the second quarter. Genesis Private Wealth LLC now owns 2,204 shares of the company's stock valued at $291,000 after purchasing an additional 189 shares during the last quarter. First County Bank CT grew its stake in PepsiCo by 22.5% in the second quarter. First County Bank CT now owns 7,793 shares of the company's stock valued at $1,029,000 after purchasing an additional 1,431 shares during the last quarter. Walker Asset Management LLC grew its stake in PepsiCo by 4.0% in the second quarter. Walker Asset Management LLC now owns 2,199 shares of the company's stock valued at $290,000 after purchasing an additional 84 shares during the last quarter. Finally, Smith Salley Wealth Management grew its stake in PepsiCo by 1.5% in the second quarter. Smith Salley Wealth Management now owns 127,101 shares of the company's stock valued at $16,782,000 after purchasing an additional 1,936 shares during the last quarter. Hedge funds and other institutional investors own 73.07% of the company's stock.

Analyst Ratings Changes

PEP has been the topic of several research analyst reports. Wells Fargo & Company dropped their target price on PepsiCo from $154.00 to $150.00 and set an "equal weight" rating on the stock in a research note on Thursday. Barclays boosted their target price on PepsiCo from $132.00 to $144.00 and gave the stock an "equal weight" rating in a research note on Monday, July 21st. Bank of America dropped 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. Royal Bank Of Canada dropped 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, Deutsche Bank Aktiengesellschaft restated a "buy" rating on shares of PepsiCo in a research note on Thursday, July 17th. Four analysts have rated the stock with a Buy rating, fourteen have issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the company has an average rating of "Hold" and an average target price of $158.13.

PepsiCo Stock Up 0.4%

PepsiCo stock opened at $140.44 on Monday. 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 business's 50-day simple moving average is $144.63 and its two-hundred day simple moving average is $139.59. The company has a market cap of $192.27 billion, a PE ratio of 25.58, a PEG ratio of 3.54 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.

PepsiCo (NASDAQ:PEP - Get Free Report) last posted its quarterly earnings results on Thursday, July 17th. The company reported $2.12 earnings per share for the quarter, beating the consensus estimate of $2.03 by $0.09. The business had revenue of $22.73 billion for the quarter, compared to the consensus estimate 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% compared to the same quarter last year. During the same quarter in the previous year, the business earned $2.28 EPS. PepsiCo has set its FY 2025 guidance at 8.038-8.038 EPS. Equities analysts anticipate that PepsiCo, Inc. will post 8.3 EPS for the current year.

PepsiCo Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 30th. Stockholders of record on Friday, September 5th will be issued a $1.4225 dividend. This represents a $5.69 annualized dividend and a dividend yield of 4.1%. The ex-dividend date of this dividend is Friday, September 5th. PepsiCo's payout ratio is 103.64%.

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.

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