RBA Wealth Management LLC Has $303,000 Stake in PepsiCo, Inc. $PEP

RBA Wealth Management LLC lowered its stake in PepsiCo, Inc. (NASDAQ:PEP) by 19.5% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 2,297 shares of the company’s stock after selling 558 shares during the quarter. RBA Wealth Management LLC’s holdings in PepsiCo were worth $303,000 as of its most recent SEC filing.

A number of other institutional investors have also bought and sold shares of the company. Foster Group Inc. boosted its holdings in PepsiCo by 4.6% in the 2nd quarter. Foster Group Inc. now owns 5,169 shares of the company’s stock valued at $683,000 after purchasing an additional 229 shares during the period. Asset Management One Co. Ltd. raised its position in PepsiCo by 3.6% in the first quarter. Asset Management One Co. Ltd. now owns 630,906 shares of the company’s stock worth $94,598,000 after acquiring an additional 21,859 shares during the period. Ignite Planners LLC raised its position in shares of PepsiCo by 4.2% during the 1st quarter. Ignite Planners LLC now owns 3,773 shares of the company’s stock valued at $566,000 after purchasing an additional 151 shares during the period. Fulton Bank N.A. grew its stake in PepsiCo by 2.5% during the second quarter. Fulton Bank N.A. now owns 25,309 shares of the company’s stock valued at $3,342,000 after acquiring an additional 620 shares in the last quarter. Finally, Graybill Wealth Management LTD. purchased a new position in shares of PepsiCo in the 1st quarter worth $3,633,000. Institutional investors own 73.07% of the company’s stock.

PepsiCo Stock Performance

NASDAQ:PEP opened at $140.44 on Friday. The company has a 50-day moving average of $144.63 and a 200-day moving average of $139.65. PepsiCo, Inc. has a twelve month low of $127.60 and a twelve month high of $177.50. The firm has a market cap of $192.27 billion, a price-to-earnings ratio of 25.58, a price-to-earnings-growth ratio of 3.54 and a beta of 0.46. The company has a current ratio of 0.78, a quick ratio of 0.60 and a debt-to-equity ratio of 2.12.

PepsiCo (NASDAQ:PEP) last released its quarterly earnings results on Thursday, July 17th. The company reported $2.12 EPS for the quarter, beating analysts’ consensus estimates of $2.03 by $0.09. The company had revenue of $22.73 billion for the quarter, compared to analyst estimates of $22.28 billion. PepsiCo had a net margin of 8.23% and a return on equity of 57.81%. The company’s quarterly revenue was up 1.0% compared to the same quarter last year. During the same quarter last year, the firm posted $2.28 earnings per share. PepsiCo has set its FY 2025 guidance at 8.038-8.038 EPS. Analysts forecast 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. Shareholders of record on Friday, September 5th will be given a $1.4225 dividend. The ex-dividend date is Friday, September 5th. This represents a $5.69 annualized dividend and a yield of 4.1%. PepsiCo’s dividend payout ratio (DPR) is currently 103.64%.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on PEP. Morgan Stanley boosted their target price on shares of PepsiCo from $153.00 to $165.00 and gave the stock an “equal weight” rating in a research report on Friday, July 18th. Wells Fargo & Company cut their target price on shares of PepsiCo from $154.00 to $150.00 and set an “equal weight” rating on the stock in a report on Thursday. Cowen reissued a “hold” rating on shares of PepsiCo in a research report on Thursday, July 17th. Royal Bank Of Canada dropped their price target on PepsiCo from $146.00 to $145.00 and set a “sector perform” rating on the stock in a research note on Monday, September 15th. Finally, Barclays increased their target price on PepsiCo from $132.00 to $144.00 and gave the company an “equal weight” rating in a research note on Monday, July 21st. Four investment analysts have rated the stock with a Buy rating, fourteen have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $158.13.

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.