Strategies Wealth Advisors LLC Invests $342,000 in PepsiCo, Inc. $PEP

Key Points

• Strategies Wealth Advisors LLC invested approximately $342,000 in PepsiCo by acquiring 2,279 shares during the first quarter.
• PepsiCo reported $2.12 earnings per share for the latest quarter, exceeding the analysts' estimates of $2.03.
• The company announced a quarterly dividend of $1.4225 per share, with a dividend yield of 3.8% for shareholders of record as of September 5th.

Strategies Wealth Advisors LLC bought a new stake in PepsiCo, Inc. (NASDAQ:PEP - Free Report) in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm bought 2,279 shares of the company's stock, valued at approximately $342,000.

Other large investors also recently added to or reduced their stakes in the company. Allstate Corp grew its stake in shares of PepsiCo by 3.2% in the first quarter. Allstate Corp now owns 42,292 shares of the company's stock valued at $6,341,000 after buying an additional 1,310 shares in the last quarter. Mccarter Private Wealth Services LLC boosted its holdings in PepsiCo by 8.7% during the 1st quarter. Mccarter Private Wealth Services LLC now owns 7,396 shares of the company's stock valued at $1,109,000 after acquiring an additional 593 shares during the period. Kelly Lawrence W & Associates Inc. CA grew its position in PepsiCo by 0.4% in the 1st quarter. Kelly Lawrence W & Associates Inc. CA now owns 61,290 shares of the company's stock valued at $9,190,000 after acquiring an additional 250 shares in the last quarter. Compound Planning Inc. lifted its position in shares of PepsiCo by 31.3% during the first quarter. Compound Planning Inc. now owns 7,744 shares of the company's stock worth $1,161,000 after purchasing an additional 1,848 shares in the last quarter. Finally, Ameriprise Financial Inc. boosted its stake in shares of PepsiCo by 1.8% in the first quarter. Ameriprise Financial Inc. now owns 4,810,509 shares of the company's stock valued at $721,395,000 after purchasing an additional 85,021 shares during the period. 73.07% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on PEP shares. UBS Group cut their target price on shares of PepsiCo from $175.00 to $169.00 and set a "buy" rating on the stock in a research note on Friday, April 25th. Barclays upped their price objective on PepsiCo from $132.00 to $144.00 and gave the stock an "equal weight" rating in a research report on Monday, July 21st. Wells Fargo & Company boosted their target price on PepsiCo from $140.00 to $154.00 and gave the stock an "equal weight" rating in a research note on Friday, July 18th. Deutsche Bank Aktiengesellschaft reaffirmed a "buy" rating on shares of PepsiCo in a research report on Thursday, July 17th. Finally, Royal Bank Of Canada reissued a "sector perform" rating and set a $148.00 price objective on shares of PepsiCo in a research report on Tuesday, June 24th. Four 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. Based on data from MarketBeat, the company currently has an average rating of "Hold" and an average target price of $158.73.

PepsiCo Trading Down 1.2%

PEP opened at $148.98 on Friday. 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, Inc. has a one year low of $127.60 and a one year high of $179.73. The company has a market cap of $203.97 billion, a P/E ratio of 27.14, a PEG ratio of 4.02 and a beta of 0.45. The business's 50-day simple moving average is $138.94 and its 200-day simple moving average is $140.62.

PepsiCo (NASDAQ:PEP - Get Free Report) last announced its quarterly earnings results on Thursday, July 17th. The company reported $2.12 earnings per share (EPS) for the quarter, beating 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 firm had revenue of $22.73 billion during the quarter, compared to the consensus estimate of $22.28 billion. During the same period in the prior year, the company posted $2.28 earnings per share. The firm's quarterly 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, equities research analysts expect that PepsiCo, Inc. will post 8.3 EPS for the current fiscal year.

PepsiCo Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 30th. Shareholders of record on Friday, September 5th will be issued 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 3.8%. PepsiCo's dividend payout ratio (DPR) is presently 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.