Ridgewood Investments LLC Purchases 11,908 Shares of PepsiCo, Inc. $PEP

Ridgewood Investments LLC grew its holdings in shares of PepsiCo, Inc. (NASDAQ:PEP) by 667.5% in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 13,692 shares of the company’s stock after purchasing an additional 11,908 shares during the quarter. PepsiCo makes up approximately 0.8% of Ridgewood Investments LLC’s holdings, making the stock its 28th biggest position. Ridgewood Investments LLC’s holdings in PepsiCo were worth $1,808,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in the business. Nova Wealth Management Inc. purchased a new position in shares of PepsiCo during the 1st quarter worth $25,000. Elite Financial Inc. bought a new position in PepsiCo in the 1st quarter worth $28,000. MorganRosel Wealth Management LLC bought a new stake in PepsiCo during the first quarter valued at about $55,000. Migdal Insurance & Financial Holdings Ltd. purchased a new stake in PepsiCo in the first quarter worth about $58,000. Finally, Greykasell Wealth Strategies Inc. purchased a new position in shares of PepsiCo during the 1st quarter valued at about $58,000. 73.07% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

PEP has been the topic of a number of recent analyst reports. Wells Fargo & Company raised their target price on shares of PepsiCo from $140.00 to $154.00 and gave the stock an “equal weight” rating in a research note on Friday, July 18th. Morgan Stanley upped their target price on shares of PepsiCo from $153.00 to $165.00 and gave the stock an “equal weight” rating in a report on Friday, July 18th. Bank of America decreased their price target on PepsiCo from $150.00 to $145.00 and set a “neutral” rating on the stock in a report on Friday, July 11th. JPMorgan Chase & Co. dropped 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. Finally, Cowen reissued a “hold” rating on shares of PepsiCo in a research note on Thursday, July 17th. Four investment analysts have rated the stock with a Buy rating, fourteen have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $158.60.

PepsiCo Stock Performance

NASDAQ:PEP opened at $141.76 on Monday. 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 stock’s fifty day moving average is $144.39 and its 200 day moving average is $139.97. The firm has a market capitalization of $194.08 billion, a PE ratio of 25.82, a PEG ratio of 3.58 and a beta of 0.46. PepsiCo, Inc. has a fifty-two week low of $127.60 and a fifty-two week high of $177.50.

PepsiCo (NASDAQ:PEP) last announced its earnings results on Thursday, July 17th. The company reported $2.12 earnings per share for the quarter, beating the consensus estimate 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 for the quarter, compared to the consensus estimate of $22.28 billion. During the same quarter in the prior year, the firm posted $2.28 earnings per share. The business’s revenue for the quarter was up 1.0% on a year-over-year basis. PepsiCo has set its FY 2025 guidance at 8.038-8.038 EPS. On average, sell-side analysts anticipate that PepsiCo, Inc. will post 8.3 earnings per share for the current year.

PepsiCo Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 30th. Shareholders 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 dividend on an annualized basis and a yield of 4.0%. PepsiCo’s dividend payout ratio (DPR) 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.