DMKC Advisory Services LLC Acquires 1,574 Shares of PepsiCo, Inc. $PEP

DMKC Advisory Services LLC lifted its holdings in PepsiCo, Inc. (NASDAQ:PEP) by 13.1% in the 2nd quarter, according to its most recent filing with the SEC. The firm owned 13,621 shares of the company’s stock after purchasing an additional 1,574 shares during the period. DMKC Advisory Services LLC’s holdings in PepsiCo were worth $1,981,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of the business. Brighton Jones LLC raised its position in shares of PepsiCo by 12.4% in the 4th quarter. Brighton Jones LLC now owns 59,392 shares of the company’s stock worth $9,031,000 after acquiring an additional 6,574 shares in the last quarter. RFG Advisory LLC raised its holdings in PepsiCo by 5.8% in the first quarter. RFG Advisory LLC now owns 16,335 shares of the company’s stock worth $2,449,000 after purchasing an additional 898 shares in the last quarter. Hennion & Walsh Asset Management Inc. lifted its position in shares of PepsiCo by 32.5% during the first quarter. Hennion & Walsh Asset Management Inc. now owns 13,600 shares of the company’s stock valued at $2,039,000 after buying an additional 3,332 shares during the last quarter. Triangle Securities Wealth Management boosted its holdings in shares of PepsiCo by 1.6% in the 1st quarter. Triangle Securities Wealth Management now owns 20,108 shares of the company’s stock valued at $3,015,000 after buying an additional 307 shares in the last quarter. Finally, Apella Capital LLC grew its position in shares of PepsiCo by 126.1% in the 1st quarter. Apella Capital LLC now owns 22,596 shares of the company’s stock worth $3,290,000 after buying an additional 12,601 shares during the last quarter. 73.07% of the stock is owned by hedge funds and other institutional investors.

PepsiCo Price Performance

Shares of NASDAQ:PEP opened at $143.14 on Thursday. PepsiCo, Inc. has a twelve month low of $127.60 and a twelve month high of $177.50. The company has a current ratio of 0.78, a quick ratio of 0.60 and a debt-to-equity ratio of 2.12. The company has a market cap of $195.97 billion, a PE ratio of 26.07, a price-to-earnings-growth ratio of 3.54 and a beta of 0.46. The company’s 50 day moving average is $144.43 and its 200 day moving average is $139.56.

PepsiCo (NASDAQ:PEP) last announced its quarterly earnings data on Thursday, July 17th. The company reported $2.12 EPS for the quarter, beating the consensus estimate of $2.03 by $0.09. The business had revenue of $22.73 billion during the quarter, compared to analysts’ expectations of $22.28 billion. PepsiCo had a net margin of 8.23% and a return on equity of 57.81%. The business’s quarterly revenue was up 1.0% compared to the same quarter last year. During the same period in the previous year, the business posted $2.28 EPS. PepsiCo has set its FY 2025 guidance at 8.038-8.038 EPS. On average, sell-side analysts forecast that PepsiCo, Inc. will post 8.3 EPS for the current year.

PepsiCo Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 30th. Shareholders of record on Friday, September 5th were paid a dividend of $1.4225 per share. The ex-dividend date was Friday, September 5th. This represents a $5.69 dividend on an annualized basis and a dividend yield of 4.0%. PepsiCo’s dividend payout ratio (DPR) is presently 103.64%.

Wall Street Analysts Forecast Growth

PEP has been the subject of a number of analyst reports. JPMorgan Chase & Co. decreased their target price on shares of PepsiCo from $150.00 to $139.00 and set a “neutral” rating for the company in a research report on Thursday, July 10th. Cowen reiterated a “hold” rating on shares of PepsiCo in a report on Thursday, July 17th. UBS Group dropped their target price on PepsiCo from $175.00 to $170.00 and set a “buy” rating on the stock in a research note on Thursday, September 11th. Morgan Stanley upped their target price on PepsiCo from $153.00 to $165.00 and gave the company an “equal weight” rating in a research report on Friday, July 18th. Finally, Wells Fargo & Company dropped their price target on PepsiCo from $154.00 to $150.00 and set an “equal weight” rating on the stock in a research note on Thursday, September 25th. Four equities research analysts have rated the stock with a Buy rating, fourteen have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus 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.