Wealthcare Advisory Partners LLC Has $2.19 Million Stock Holdings in PepsiCo, Inc. $PEP

Key Points

• Wealthcare Advisory Partners LLC increased its stake in PepsiCo, Inc. by 14.1% in Q2, holding shares worth $2.19 million, after purchasing an additional 2,046 shares.
• PepsiCo reported earnings of $2.12 per share for the latest quarter, surpassing analyst expectations of $2.03, while also achieving a revenue of $22.73 billion.
• The firm recently declared a quarterly dividend of $1.4225, with an annualized yield of 4.1%, reflecting a dividend payout ratio of 103.64%.

Wealthcare Advisory Partners LLC lifted its position in shares of PepsiCo, Inc. (NASDAQ:PEP - Free Report) by 14.1% in the second quarter, according to its most recent disclosure with the SEC. The institutional investor owned 16,590 shares of the company's stock after buying an additional 2,046 shares during the quarter. Wealthcare Advisory Partners LLC's holdings in PepsiCo were worth $2,191,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. Vanguard Group Inc. grew 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 worth $20,268,027,000 after purchasing an additional 1,802,748 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its stake in shares of PepsiCo by 5.0% in the first quarter. Charles Schwab Investment Management Inc. now owns 26,475,241 shares of the company's stock valued at $3,969,698,000 after buying an additional 1,258,198 shares during the period. Bank of New York Mellon Corp grew its position in PepsiCo by 0.4% during the first quarter. Bank of New York Mellon Corp now owns 14,062,857 shares of the company's stock worth $2,108,585,000 after buying an additional 49,699 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its stake in PepsiCo by 1.8% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 11,525,812 shares of the company's stock worth $1,728,180,000 after acquiring an additional 208,292 shares during the period. Finally, Invesco Ltd. raised its holdings in PepsiCo by 4.5% in the 1st quarter. Invesco Ltd. now owns 11,328,158 shares of the company's stock valued at $1,698,544,000 after acquiring an additional 491,894 shares in the last quarter. 73.07% of the stock is currently owned by institutional investors and hedge funds.

PepsiCo Stock Down 1.6%

Shares of NASDAQ:PEP opened at $139.70 on Tuesday. PepsiCo, Inc. has a 52-week low of $127.60 and a 52-week high of $177.50. The company has a market capitalization of $191.26 billion, a PE ratio of 25.45, a price-to-earnings-growth ratio of 3.58 and a beta of 0.46. 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 company has a fifty day moving average of $144.32 and a 200-day moving average of $139.30.

PepsiCo (NASDAQ:PEP - Get Free Report) last issued its quarterly earnings data on Thursday, July 17th. The company reported $2.12 earnings per share for the quarter, topping analysts' consensus estimates of $2.03 by $0.09. PepsiCo had a return on equity of 57.81% and a net margin of 8.23%.The business had revenue of $22.73 billion for the quarter, compared to analyst estimates of $22.28 billion. During the same quarter in the previous year, the company posted $2.28 EPS. PepsiCo's quarterly 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. On average, equities analysts predict that PepsiCo, Inc. will post 8.3 EPS for the current fiscal year.

PepsiCo Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, September 30th. Investors of record on Friday, September 5th were issued a $1.4225 dividend. This represents a $5.69 dividend on an annualized basis and a yield of 4.1%. The ex-dividend date was Friday, September 5th. PepsiCo's dividend payout ratio (DPR) is 103.64%.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on the company. Weiss Ratings restated a "hold (c-)" rating on shares of PepsiCo in a research report on Saturday, September 27th. 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 report on Friday, July 18th. Cowen reaffirmed a "hold" rating on shares of PepsiCo in a 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 note on Thursday, September 11th. Finally, BNP Paribas Exane cut their target price on PepsiCo from $152.00 to $150.00 and set a "neutral" rating for the company in a research note on Monday. Four research analysts have rated the stock with a Buy rating, fifteen have issued a Hold rating and two have assigned a Sell rating to the company's stock. Based on data from MarketBeat, the company has an average rating of "Hold" and a consensus target price of $158.13.

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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