waypoint wealth counsel Takes Position in PepsiCo, Inc. $PEP

Key Points

• Waypoint Wealth Counsel has acquired a new stake in PepsiCo, purchasing 2,884 shares valued at approximately $381,000 during the second quarter.
• Multiple large investors are showing interest, with 73.07% of PepsiCo's stock being owned by institutional investors, reflecting a strong confidence in the company.
• PepsiCo announced its quarterly earnings, reporting an EPS of $2.29, which surpassed analysts' expectations, alongside a quarterly revenue increase of 2.7% year-over-year.

waypoint wealth counsel bought a new stake in shares of PepsiCo, Inc. (NASDAQ:PEP - Free Report) during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund bought 2,884 shares of the company's stock, valued at approximately $381,000.

Other large investors have also bought and sold shares of the company. Nova Wealth Management Inc. bought a new stake in PepsiCo during the 1st quarter valued at approximately $25,000. Elite Financial Inc. bought a new stake in shares of PepsiCo during the first quarter valued at approximately $28,000. Legend Financial Advisors Inc. bought a new stake in shares of PepsiCo during the second quarter valued at approximately $29,000. RMG Wealth Management LLC bought a new stake in shares of PepsiCo during the 2nd quarter valued at $45,000. Finally, Investment Research & Advisory Group Inc. boosted its holdings in shares of PepsiCo by 263.6% during the 2nd quarter. Investment Research & Advisory Group Inc. now owns 320 shares of the company's stock valued at $42,000 after buying an additional 232 shares in the last quarter. 73.07% of the stock is owned by institutional investors.

Analyst Ratings Changes

PEP has been the topic of several research reports. Deutsche Bank Aktiengesellschaft reissued a "buy" rating on shares of PepsiCo in a research note on Thursday, July 17th. Barclays boosted their price target on PepsiCo from $140.00 to $142.00 and gave the stock an "equal weight" rating in a research report on Friday. Weiss Ratings reissued a "hold (c-)" rating on shares of PepsiCo in a report on Saturday, September 27th. Jefferies Financial Group boosted their target price on PepsiCo from $161.00 to $163.00 and gave the stock a "hold" rating in a report on Friday. Finally, Morgan Stanley upped their price target on shares of PepsiCo from $153.00 to $165.00 and gave the stock an "equal weight" rating in a research note on Friday, July 18th. Five investment analysts have rated the stock with a Buy rating and fourteen have assigned a Hold rating to the company. According to MarketBeat.com, the stock has an average rating of "Hold" and a consensus target price of $158.88.

PepsiCo Trading Up 3.7%

Shares of NASDAQ:PEP opened at $150.08 on Friday. The company has a market cap of $205.47 billion, a P/E ratio of 28.53, a PEG ratio of 3.76 and a beta of 0.46. The company has a debt-to-equity ratio of 2.12, a current ratio of 0.78 and a quick ratio of 0.60. PepsiCo, Inc. has a 1 year low of $127.60 and a 1 year high of $177.50. The stock's fifty day moving average price is $144.53 and its 200-day moving average price is $139.26.

PepsiCo (NASDAQ:PEP - Get Free Report) last announced its quarterly earnings results on Thursday, October 9th. The company reported $2.29 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $2.26 by $0.03. The firm had revenue of $23.94 billion for the quarter, compared to the consensus estimate of $23.91 billion. PepsiCo had a return on equity of 58.46% and a net margin of 7.82%.The company's quarterly revenue was up 2.7% on a year-over-year basis. During the same period in the prior year, the company posted $2.31 earnings per share. PepsiCo has set its FY 2025 guidance at 8.120-8.120 EPS. Sell-side analysts expect that PepsiCo, Inc. will post 8.3 earnings per share for the current year.

PepsiCo Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 30th. Investors of record on Friday, September 5th were given a dividend of $1.4225 per share. The ex-dividend date was Friday, September 5th. This represents a $5.69 dividend on an annualized basis and a yield of 3.8%. PepsiCo's dividend payout ratio is 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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