Avior Wealth Management LLC Buys 1,537 Shares of PepsiCo, Inc. $PEP

Avior Wealth Management LLC raised its position in PepsiCo, Inc. (NASDAQ:PEP) by 9.6% during the second quarter, according to its most recent 13F filing with the SEC. The fund owned 17,493 shares of the company’s stock after buying an additional 1,537 shares during the period. Avior Wealth Management LLC’s holdings in PepsiCo were worth $2,310,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds also recently made changes to their positions in the company. Vanguard Group Inc. grew its holdings in 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 acquiring an additional 1,802,748 shares during the period. Charles Schwab Investment Management Inc. boosted its position in shares of PepsiCo by 5.0% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 26,475,241 shares of the company’s stock worth $3,969,698,000 after purchasing an additional 1,258,198 shares during the last quarter. Bank of New York Mellon Corp grew its stake in shares of 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 purchasing an additional 49,699 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its holdings in PepsiCo by 1.8% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 11,525,812 shares of the company’s stock valued at $1,728,180,000 after purchasing an additional 208,292 shares during the last quarter. Finally, Invesco Ltd. lifted its stake in PepsiCo by 4.5% in the first quarter. Invesco Ltd. now owns 11,328,158 shares of the company’s stock valued at $1,698,544,000 after buying an additional 491,894 shares during the period. Institutional investors own 73.07% of the company’s stock.

Wall Street Analyst Weigh In

PEP has been the subject of a number of recent analyst reports. Barclays upped their price target on PepsiCo from $132.00 to $144.00 and gave the company an “equal weight” rating in a research note on Monday, July 21st. Bank of America lowered their target price on shares of PepsiCo from $150.00 to $145.00 and set a “neutral” rating for the company in a research note on Friday, July 11th. UBS Group cut their target price on shares of PepsiCo from $175.00 to $170.00 and set a “buy” rating on the stock in a report on Thursday, September 11th. JPMorgan Chase & Co. decreased their price target on shares of PepsiCo from $150.00 to $139.00 and set a “neutral” rating for the company in a report on Thursday, July 10th. Finally, Wells Fargo & Company dropped their price objective on PepsiCo from $154.00 to $150.00 and set an “equal weight” rating on the stock in a research note on Thursday. Four investment analysts have rated the stock with a Buy rating, fourteen have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $158.13.

PepsiCo Price Performance

PEP stock opened at $140.44 on Monday. The stock has a 50-day moving average price of $144.63 and a two-hundred day moving average price of $139.59. PepsiCo, Inc. has a 1 year low of $127.60 and a 1 year high of $177.50. The stock has a market cap of $192.27 billion, a PE 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 posted its quarterly earnings data on Thursday, July 17th. The company reported $2.12 earnings per share for the quarter, topping the consensus estimate 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 return on equity of 57.81% and a net margin of 8.23%.PepsiCo’s revenue for the quarter was up 1.0% compared to the same quarter last year. During the same period in the prior year, the firm earned $2.28 earnings per share. PepsiCo has set its FY 2025 guidance at 8.038-8.038 EPS. Equities analysts forecast 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 will be paid on Tuesday, September 30th. Stockholders of record on Friday, September 5th will be issued a $1.4225 dividend. The ex-dividend date is Friday, September 5th. This represents a $5.69 dividend on an annualized basis and a dividend yield of 4.1%. PepsiCo’s dividend payout ratio (DPR) is 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.