Wealth Enhancement Advisory Services LLC Grows Position in PepsiCo, Inc. $PEP

Key Points

• Wealth Enhancement Advisory Services LLC increased its holdings in PepsiCo by 11.1% during Q2, owning approximately 1.2 million shares valued at $160.67 million.
• PepsiCo reported $2.12 earnings per share for the previous quarter, exceeding estimates, and had a revenue of $22.73 billion.
• The company announced a quarterly dividend of $1.4225 per share, representing an annualized yield of 4.0%, with a payout ratio of 103.64%.

Wealth Enhancement Advisory Services LLC increased its stake in PepsiCo, Inc. (NASDAQ:PEP - Free Report) by 11.1% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,186,806 shares of the company's stock after acquiring an additional 118,816 shares during the period. Wealth Enhancement Advisory Services LLC owned approximately 0.09% of PepsiCo worth $160,670,000 at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of the stock. Nova Wealth Management Inc. acquired a new stake in shares of PepsiCo during the first quarter worth about $25,000. Elite Financial Inc. acquired a new position in PepsiCo in the 1st quarter valued at $28,000. Sunbeam Capital Management LLC acquired a new stake in shares of PepsiCo during the 4th quarter worth $47,000. MorganRosel Wealth Management LLC purchased a new stake in PepsiCo during the 1st quarter worth $55,000. Finally, Migdal Insurance & Financial Holdings Ltd. purchased a new stake in PepsiCo during the 1st quarter worth $58,000. 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 the stock. Morgan Stanley increased their price objective 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. Citigroup raised their price objective on shares of PepsiCo from $160.00 to $168.00 and gave the stock a "buy" rating in a research note on Friday, July 18th. JPMorgan Chase & Co. decreased their target price on shares of PepsiCo from $150.00 to $139.00 and set a "neutral" rating for the company in a research note on Thursday, July 10th. Royal Bank Of Canada decreased their price objective on shares of PepsiCo from $146.00 to $145.00 and set a "sector perform" rating for the company in a report on Monday. Finally, Barclays lifted their target price 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. Four research analysts have rated the stock with a Buy rating, fourteen have assigned a Hold rating and one has issued a Sell rating to the company's stock. According to data from MarketBeat, the company has a consensus rating of "Hold" and an average target price of $158.60.

PepsiCo Stock Up 0.7%

PEP traded up $1.03 during trading hours on Friday, hitting $141.76. 12,355,480 shares of the company's stock were exchanged, compared to its average volume of 7,696,786. The stock has a market cap of $194.08 billion, a price-to-earnings ratio of 25.82, a PEG ratio of 3.56 and a beta of 0.46. The company has a quick ratio of 0.60, a current ratio of 0.78 and a debt-to-equity ratio of 2.12. The stock's 50-day moving average is $144.39 and its two-hundred day moving average is $140.16. PepsiCo, Inc. has a 1-year low of $127.60 and a 1-year high of $177.50.

PepsiCo (NASDAQ:PEP - Get Free Report) last posted its earnings results on Thursday, July 17th. The company reported $2.12 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $2.03 by $0.09. The company had revenue of $22.73 billion during the quarter, compared to analysts' expectations of $22.28 billion. PepsiCo had a net margin of 8.23% and a return on equity of 57.81%. PepsiCo's quarterly revenue was up 1.0% compared to the same quarter last year. During the same quarter last year, the company posted $2.28 EPS. PepsiCo has set its FY 2025 guidance at 8.038-8.038 EPS. Sell-side analysts predict that PepsiCo, Inc. will post 8.3 earnings per share for the current fiscal year.

PepsiCo Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 30th. Stockholders of record on Friday, September 5th will be paid a $1.4225 dividend. The ex-dividend date is Friday, September 5th. This represents a $5.69 annualized dividend and a dividend yield of 4.0%. PepsiCo's dividend payout ratio 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.