Stephens Inc. AR Has $17.76 Million Position in PepsiCo, Inc. $PEP

Key Points

• Stephens Inc. AR has increased its stake in PepsiCo by 6.0%, owning 134,483 shares valued at approximately $17.76 million, according to a recent SEC filing.
• Analysts have varied ratings for PepsiCo, with the average target price set at $156.00, and six analysts rating the stock as a "Buy."
• PepsiCo reported earnings of $2.29 EPS for the last quarter, exceeding estimates, and announced a quarterly dividend of $1.4225 per share with a yield of 3.7%.

Stephens Inc. AR grew its stake in PepsiCo, Inc. (NASDAQ:PEP - Free Report) by 6.0% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 134,483 shares of the company's stock after acquiring an additional 7,608 shares during the quarter. Stephens Inc. AR's holdings in PepsiCo were worth $17,757,000 at the end of the most recent quarter.

Other institutional investors have also recently bought and sold shares of the company. Alaska Wealth Advisors increased its stake in PepsiCo by 3.6% in the second quarter. Alaska Wealth Advisors now owns 2,877 shares of the company's stock valued at $380,000 after purchasing an additional 99 shares in the last quarter. Beverly Hills Private Wealth LLC grew its holdings in shares of PepsiCo by 6.2% in the 2nd quarter. Beverly Hills Private Wealth LLC now owns 35,482 shares of the company's stock valued at $4,685,000 after buying an additional 2,064 shares during the period. Altus Wealth Group LLC increased its position in shares of PepsiCo by 1.1% in the 2nd quarter. Altus Wealth Group LLC now owns 7,078 shares of the company's stock valued at $935,000 after buying an additional 79 shares in the last quarter. LMG Wealth Partners LLC lifted its holdings in PepsiCo by 5.1% during the second quarter. LMG Wealth Partners LLC now owns 51,137 shares of the company's stock worth $6,752,000 after acquiring an additional 2,490 shares in the last quarter. Finally, Balboa Wealth Partners grew its stake in PepsiCo by 6.0% in the second quarter. Balboa Wealth Partners now owns 2,701 shares of the company's stock valued at $357,000 after acquiring an additional 152 shares during the period. Institutional investors and hedge funds own 73.07% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on the company. Evercore ISI lifted their price objective on PepsiCo from $150.00 to $152.00 in a report on Friday, October 10th. Bank of America lifted their price target on shares of PepsiCo from $150.00 to $155.00 and gave the company a "neutral" rating in a research note on Friday, October 10th. UBS Group lowered their price objective 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. Morgan Stanley boosted their price objective on shares of PepsiCo from $153.00 to $165.00 and gave the company an "equal weight" rating in a research report on Friday, July 18th. Finally, JPMorgan Chase & Co. lowered their target price on PepsiCo from $157.00 to $151.00 and set a "neutral" rating for the company in a report on Monday, October 6th. Six research analysts have rated the stock with a Buy rating, fourteen have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the stock currently has an average rating of "Hold" and an average target price of $156.00.

PepsiCo Stock Up 0.7%

PepsiCo stock opened at $153.71 on Monday. The company has a current ratio of 0.91, a quick ratio of 0.72 and a debt-to-equity ratio of 2.26. PepsiCo, Inc. has a 1-year low of $127.60 and a 1-year high of $177.50. The company has a fifty day simple moving average of $145.51 and a 200 day simple moving average of $139.25. The company has a market cap of $210.17 billion, a P/E ratio of 29.22, a price-to-earnings-growth ratio of 3.74 and a beta of 0.46.

PepsiCo (NASDAQ:PEP - Get Free Report) last posted its quarterly earnings data on Thursday, October 9th. The company reported $2.29 EPS for the quarter, topping analysts' consensus estimates of $2.26 by $0.03. The company had revenue of $23.94 billion during the quarter, compared to the consensus estimate of $23.91 billion. PepsiCo had a net margin of 7.82% and a return on equity of 57.58%. The company's quarterly revenue was up 2.7% on a year-over-year basis. During the same period in the prior year, the business posted $2.31 EPS. PepsiCo has set its FY 2025 guidance at 8.120-8.120 EPS. Research analysts anticipate that PepsiCo, Inc. will post 8.3 earnings per share for the current fiscal year.

PepsiCo Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, September 30th. Shareholders of record on Friday, September 5th were given a dividend of $1.4225 per share. The ex-dividend date of this dividend was Friday, September 5th. This represents a $5.69 annualized dividend and a dividend yield of 3.7%. PepsiCo's payout ratio is 108.17%.

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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