Triton Financial Group Inc Purchases Shares of 7,190 PepsiCo, Inc. $PEP

Key Points

• Triton Financial Group Inc has acquired 7,190 shares of PepsiCo, valued at approximately $949,000, signifying a new investment in the company.
• PepsiCo is experiencing positive market activity with institutional investors owning 73.07% of its stock and several funds increasing their holdings during the second quarter.
• Analysts have set a consensus price target of $156.00 for PepsiCo, with six recommending a "Buy" rating, while others maintain Holding and Selling ratings.

Triton Financial Group Inc acquired a new position in PepsiCo, Inc. (NASDAQ:PEP - Free Report) in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 7,190 shares of the company's stock, valued at approximately $949,000.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. VCI Wealth Management LLC raised its position in PepsiCo by 14.6% in the 2nd quarter. VCI Wealth Management LLC now owns 7,060 shares of the company's stock worth $932,000 after purchasing an additional 898 shares during the period. Klingman & Associates LLC increased its holdings in shares of PepsiCo by 7.9% in the second quarter. Klingman & Associates LLC now owns 3,881 shares of the company's stock worth $512,000 after buying an additional 285 shares during the period. Phoenix Financial Ltd. lifted its stake in shares of PepsiCo by 13.8% in the 2nd quarter. Phoenix Financial Ltd. now owns 32,773 shares of the company's stock valued at $4,325,000 after acquiring an additional 3,970 shares during the last quarter. Journey Advisory Group LLC boosted its holdings in PepsiCo by 17.3% during the 2nd quarter. Journey Advisory Group LLC now owns 44,735 shares of the company's stock valued at $5,907,000 after acquiring an additional 6,592 shares during the period. Finally, Bogart Wealth LLC grew its position in PepsiCo by 7.9% during the 2nd quarter. Bogart Wealth LLC now owns 3,729 shares of the company's stock worth $492,000 after acquiring an additional 272 shares during the last quarter. Institutional investors own 73.07% of the company's stock.

Analysts Set New Price Targets

A number of analysts have recently weighed in on PEP shares. Rothschild & Co Redburn increased their price objective on PepsiCo from $115.00 to $117.00 and gave the company a "sell" rating in a research note on Monday, October 13th. Morgan Stanley increased their price target 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. Royal Bank Of Canada decreased their price objective on shares of PepsiCo from $146.00 to $145.00 and set a "sector perform" rating on the stock in a research report on Monday, September 15th. Barclays increased their target price on shares of PepsiCo from $140.00 to $142.00 and gave the stock an "equal weight" rating in a report on Friday, October 10th. Finally, BNP Paribas Exane reduced their price target on PepsiCo from $152.00 to $150.00 and set a "neutral" rating on the stock in a report on Monday, October 6th. Six equities research analysts have rated the stock with a Buy rating, fourteen have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, PepsiCo presently has an average rating of "Hold" and a consensus price target of $156.00.

PepsiCo Stock Performance

PepsiCo stock opened at $153.64 on Tuesday. PepsiCo, Inc. has a fifty-two week low of $127.60 and a fifty-two week high of $177.50. The stock's 50 day simple moving average is $145.69 and its two-hundred day simple moving average is $139.29. The company has a debt-to-equity ratio of 2.26, a quick ratio of 0.72 and a current ratio of 0.91. The stock has a market cap of $210.08 billion, a price-to-earnings ratio of 29.21, a PEG ratio of 3.74 and a beta of 0.46.

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

PepsiCo Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, September 30th. Stockholders of record on Friday, September 5th were given a $1.4225 dividend. The ex-dividend date of this dividend was Friday, September 5th. This represents a $5.69 dividend on an annualized basis and a dividend yield of 3.7%. PepsiCo's dividend payout ratio is currently 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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