Virginia Wealth Management Group Inc. Raises Stock Position in PepsiCo, Inc. $PEP

Key Points

• Virginia Wealth Management Group Inc. increased its stake in PepsiCo by 61.8% during Q2, now holding 37,252 shares valued at approximately $4.9 million, making PepsiCo its 10th largest holding.
• Recent analyst reports indicate a mixed outlook for PepsiCo, with Citigroup and UBS issuing buy ratings, while others like JPMorgan lowered their price targets, reflecting a consensus "Hold" rating.
• PepsiCo announced a quarterly dividend of $1.4225 per share, resulting in an annualized dividend yield of 4.1%, with a payout ratio currently at 103.64%.

Virginia Wealth Management Group Inc. lifted its holdings in PepsiCo, Inc. (NASDAQ:PEP - Free Report) by 61.8% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 37,252 shares of the company's stock after buying an additional 14,234 shares during the quarter. PepsiCo makes up about 3.0% of Virginia Wealth Management Group Inc.'s holdings, making the stock its 10th biggest holding. Virginia Wealth Management Group Inc.'s holdings in PepsiCo were worth $4,919,000 at the end of the most recent quarter.

A number of other large investors have also modified their holdings of PEP. Nuveen LLC acquired a new position in PepsiCo in the 1st quarter valued at about $946,978,000. Kingstone Capital Partners Texas LLC acquired a new position in shares of PepsiCo in the 2nd quarter valued at about $460,110,000. Assenagon Asset Management S.A. grew its holdings in PepsiCo by 106.1% during the first quarter. Assenagon Asset Management S.A. now owns 3,514,965 shares of the company's stock valued at $527,034,000 after purchasing an additional 1,809,391 shares during the period. Vanguard Group Inc. increased its position in shares of PepsiCo by 1.4% during the 1st quarter. Vanguard Group Inc. now owns 135,174,252 shares of the company's stock valued at $20,268,027,000 after purchasing an additional 1,802,748 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. grew its holdings in shares of PepsiCo by 5.0% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 26,475,241 shares of the company's stock worth $3,969,698,000 after acquiring an additional 1,258,198 shares during the period. Hedge funds and other institutional investors own 73.07% of the company's stock.

Wall Street Analyst Weigh In

PEP has been the topic of a number of recent analyst reports. Citigroup reduced their price target on PepsiCo from $168.00 to $165.00 and set a "buy" rating on the stock in a research report on Thursday. Barclays raised their price objective on shares of PepsiCo from $132.00 to $144.00 and gave the stock an "equal weight" rating in a report on Monday, July 21st. Cowen reissued a "hold" rating on shares of PepsiCo in a research report on Thursday, July 17th. UBS Group reduced their price objective on shares of PepsiCo from $175.00 to $170.00 and set a "buy" rating on the stock in a research note on Thursday, September 11th. Finally, JPMorgan Chase & Co. lowered their price objective on PepsiCo from $150.00 to $139.00 and set a "neutral" rating for the company in a research note on Thursday, July 10th. 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 company's stock. Based on data from MarketBeat.com, PepsiCo presently has a consensus rating of "Hold" and an average target price of $158.13.

PepsiCo Stock Performance

Shares of PepsiCo stock opened at $140.44 on Friday. PepsiCo, Inc. has a 1 year low of $127.60 and a 1 year high of $177.50. The firm's 50-day simple moving average is $144.63 and its 200-day simple moving average is $139.65. 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 firm has a market cap of $192.27 billion, a PE ratio of 25.58, a price-to-earnings-growth ratio of 3.54 and a beta of 0.46.

PepsiCo (NASDAQ:PEP - Get Free Report) last posted its quarterly earnings data 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 net margin of 8.23% and a return on equity of 57.81%. The company had revenue of $22.73 billion for the quarter, compared to the consensus estimate of $22.28 billion. During the same period last year, the company earned $2.28 earnings per share. The firm's 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. Equities analysts forecast that PepsiCo, Inc. will post 8.3 earnings per share for the current fiscal year.

PepsiCo Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, September 30th. Investors 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 dividend payout ratio (DPR) is currently 103.64%.

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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