Spectrum Strategic Capital Management LLC Has $843,000 Position in PepsiCo, Inc. $PEP

Spectrum Strategic Capital Management LLC cut its holdings in shares of PepsiCo, Inc. (NASDAQ:PEP) by 15.1% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 6,386 shares of the company’s stock after selling 1,132 shares during the quarter. Spectrum Strategic Capital Management LLC’s holdings in PepsiCo were worth $843,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. Nova Wealth Management Inc. acquired a new position in shares of PepsiCo during the 1st quarter worth approximately $25,000. Elite Financial Inc. acquired a new position in shares of PepsiCo during the 1st quarter worth approximately $28,000. Legend Financial Advisors Inc. acquired a new position in PepsiCo in the 2nd quarter valued at $29,000. Investment Research & Advisory Group Inc. grew its holdings in PepsiCo by 263.6% in the 2nd quarter. Investment Research & Advisory Group Inc. now owns 320 shares of the company’s stock valued at $42,000 after buying an additional 232 shares in the last quarter. Finally, MorganRosel Wealth Management LLC acquired a new position in PepsiCo in the 1st quarter valued at $55,000. 73.07% of the stock is owned by institutional investors and hedge funds.

PepsiCo Stock Performance

NASDAQ:PEP opened at $140.17 on Tuesday. The company has a debt-to-equity ratio of 2.12, a quick ratio of 0.60 and a current ratio of 0.78. PepsiCo, Inc. has a fifty-two week low of $127.60 and a fifty-two week high of $177.50. The company has a market cap of $191.90 billion, a price-to-earnings ratio of 25.53, a PEG ratio of 3.54 and a beta of 0.46. The stock has a fifty day moving average price of $144.60 and a 200-day moving average price of $139.53.

PepsiCo (NASDAQ:PEP) last announced 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. PepsiCo had a return on equity of 57.81% and a net margin of 8.23%.The business had revenue of $22.73 billion during the quarter, compared to the consensus estimate of $22.28 billion. During the same period in the prior year, the company earned $2.28 EPS. PepsiCo’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. As a group, equities analysts anticipate 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. Investors of record on Friday, September 5th will be given a dividend of $1.4225 per share. This represents a $5.69 annualized dividend and a dividend yield of 4.1%. The ex-dividend date is Friday, September 5th. PepsiCo’s dividend payout ratio is currently 103.64%.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on PEP. Bank of America decreased their price objective on PepsiCo from $150.00 to $145.00 and set a “neutral” rating on the stock in a report on Friday, July 11th. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating on shares of PepsiCo in a report on Thursday, July 17th. Citigroup decreased their price objective on PepsiCo from $168.00 to $165.00 and set a “buy” rating on the stock in a report on Thursday, September 25th. UBS Group decreased their price objective on PepsiCo from $175.00 to $170.00 and set a “buy” rating on the stock in a report on Thursday, September 11th. Finally, Morgan Stanley upped their price objective on PepsiCo from $153.00 to $165.00 and gave the company an “equal weight” rating in a report on Friday, July 18th. 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 stock. According to data from MarketBeat, the stock has an average rating of “Hold” and an average target price 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.