Vantage Wealth Grows Stock Holdings in PepsiCo, Inc. $PEP

Key Points

• Vantage Wealth increased its stake in PepsiCo by 10.9% during the second quarter, bringing its total shares to 133,905, valued at approximately $17.68 million.
• Various institutional investors, including Nuveen LLC and GAMMA Investing LLC, significantly increased their positions in PepsiCo, indicating strong confidence in the company.
• PepsiCo's most recent quarterly earnings topped estimates, reporting $2.12 EPS and revenue of $22.73 billion, leading to a current average price target of $158.60 among analysts.

Vantage Wealth grew its holdings in PepsiCo, Inc. (NASDAQ:PEP - Free Report) by 10.9% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 133,905 shares of the company's stock after acquiring an additional 13,172 shares during the period. PepsiCo accounts for 4.0% of Vantage Wealth's portfolio, making the stock its 20th largest holding. Vantage Wealth's holdings in PepsiCo were worth $17,681,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in the business. Butensky & Cohen Financial Security Inc. raised its position in PepsiCo by 6.9% in the second quarter. Butensky & Cohen Financial Security Inc. now owns 27,004 shares of the company's stock worth $3,566,000 after acquiring an additional 1,735 shares during the period. Professional Advisory Services Inc. raised its position in shares of PepsiCo by 7.6% during the 2nd quarter. Professional Advisory Services Inc. now owns 186,329 shares of the company's stock valued at $24,603,000 after purchasing an additional 13,215 shares during the period. Marshall & Sullivan Inc. WA raised its position in shares of PepsiCo by 1.9% during the 2nd quarter. Marshall & Sullivan Inc. WA now owns 31,686 shares of the company's stock valued at $4,184,000 after purchasing an additional 598 shares during the period. Global X Japan Co. Ltd. raised its position in shares of PepsiCo by 2.2% during the 2nd quarter. Global X Japan Co. Ltd. now owns 4,149 shares of the company's stock valued at $548,000 after purchasing an additional 89 shares during the period. Finally, Bridge Creek Capital Management LLC raised its position in shares of PepsiCo by 5.6% during the 2nd quarter. Bridge Creek Capital Management LLC now owns 39,787 shares of the company's stock valued at $5,253,000 after purchasing an additional 2,093 shares during the period. 73.07% of the stock is currently owned by institutional investors.

PepsiCo Price Performance

Shares of NASDAQ:PEP traded down $0.73 on Monday, reaching $141.03. The company's stock had a trading volume of 5,795,948 shares, compared to its average volume of 8,469,195. PepsiCo, Inc. has a 52-week low of $127.60 and a 52-week high of $177.50. The company has a market cap of $193.08 billion, a P/E ratio of 25.69, a PEG ratio of 3.58 and a beta of 0.46. The company has a 50-day simple moving average of $144.39 and a 200 day simple moving average of $139.97. 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 (NASDAQ:PEP - Get Free Report) last issued its quarterly earnings data on Thursday, July 17th. The company reported $2.12 EPS for the quarter, topping analysts' consensus estimates of $2.03 by $0.09. PepsiCo had a net margin of 8.23% and a return on equity of 57.81%. The business had revenue of $22.73 billion during the quarter, compared to analysts' expectations of $22.28 billion. During the same period last year, the company posted $2.28 EPS. The business's revenue was up 1.0% on a year-over-year basis. PepsiCo has set its FY 2025 guidance at 8.038-8.038 EPS. As a group, equities research analysts anticipate that PepsiCo, Inc. will post 8.3 EPS for the current fiscal year.

PepsiCo Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, September 30th. Investors of record on Friday, September 5th will be paid a dividend of $1.4225 per share. The ex-dividend date of this dividend is Friday, September 5th. This represents a $5.69 dividend on an annualized basis and a dividend yield of 4.0%. PepsiCo's payout ratio is currently 103.64%.

Analyst Upgrades and Downgrades

Several analysts have recently commented on PEP shares. Cowen restated a "hold" rating on shares of PepsiCo in a research report on Thursday, July 17th. UBS Group decreased their price objective on shares of PepsiCo from $175.00 to $170.00 and set a "buy" rating on the stock in a research report on Thursday, September 11th. Bank of America cut their target price on shares of PepsiCo from $150.00 to $145.00 and set a "neutral" rating for the company in a research note on Friday, July 11th. Morgan Stanley raised their target price on shares of PepsiCo from $153.00 to $165.00 and gave the company an "equal weight" rating in a research note on Friday, July 18th. Finally, Barclays raised their target price on shares of PepsiCo from $132.00 to $144.00 and gave the company an "equal weight" rating in a research note on Monday, July 21st. Four research analysts have rated the stock with a Buy rating, fourteen have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, PepsiCo has an average rating of "Hold" and an average price target of $158.60.

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.