SOA Wealth Advisors LLC. Cuts Stake in PepsiCo, Inc. $PEP

SOA Wealth Advisors LLC. lessened its stake in PepsiCo, Inc. (NASDAQ:PEP) by 15.4% in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 3,904 shares of the company’s stock after selling 711 shares during the quarter. SOA Wealth Advisors LLC.’s holdings in PepsiCo were worth $515,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also modified their holdings of PEP. Dogwood Wealth Management LLC increased its holdings in PepsiCo by 15.4% in the 2nd quarter. Dogwood Wealth Management LLC now owns 539 shares of the company’s stock valued at $73,000 after buying an additional 72 shares during the period. Centurion Wealth Management LLC grew its stake in shares of PepsiCo by 3.8% in the 2nd quarter. Centurion Wealth Management LLC now owns 2,068 shares of the company’s stock valued at $273,000 after purchasing an additional 75 shares during the period. SK Wealth Management LLC raised its holdings in shares of PepsiCo by 3.3% in the 2nd quarter. SK Wealth Management LLC now owns 2,375 shares of the company’s stock worth $319,000 after buying an additional 75 shares in the last quarter. Pflug Koory LLC lifted its position in shares of PepsiCo by 1.0% during the 1st quarter. Pflug Koory LLC now owns 7,750 shares of the company’s stock worth $1,162,000 after buying an additional 76 shares during the period. Finally, Hoge Financial Services LLC lifted its holdings in shares of PepsiCo by 2.1% during the first quarter. Hoge Financial Services LLC now owns 3,633 shares of the company’s stock valued at $545,000 after acquiring an additional 76 shares during the period. 73.07% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on the stock. JPMorgan Chase & Co. lowered their target price on shares of PepsiCo from $150.00 to $139.00 and set a “neutral” rating on the stock in a report on Thursday, July 10th. Citigroup decreased their price objective on shares of PepsiCo from $168.00 to $165.00 and set a “buy” rating on the stock in a research note on Thursday, September 25th. Deutsche Bank Aktiengesellschaft reissued a “buy” rating on shares of PepsiCo in a report on Thursday, July 17th. Bank of America dropped their price target on PepsiCo from $150.00 to $145.00 and set a “neutral” rating for the company in a report on Friday, July 11th. Finally, UBS Group decreased their price objective 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. Four 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 data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $158.13.

PepsiCo Stock Up 1.9%

NASDAQ:PEP opened at $143.14 on Thursday. The company has a quick ratio of 0.60, a current ratio of 0.78 and a debt-to-equity ratio of 2.12. PepsiCo, Inc. has a 12-month low of $127.60 and a 12-month high of $177.50. The stock’s fifty day simple moving average is $144.43 and its 200-day simple moving average is $139.56. The firm has a market capitalization of $195.97 billion, a P/E ratio of 26.07, a P/E/G ratio of 3.54 and a beta of 0.46.

PepsiCo (NASDAQ:PEP) last released its quarterly earnings data on Thursday, July 17th. The company reported $2.12 EPS for the quarter, beating analysts’ consensus estimates 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 quarter in the prior year, the company posted $2.28 earnings per share. The firm’s revenue was up 1.0% on a year-over-year basis. PepsiCo has set its FY 2025 guidance at 8.038-8.038 EPS. Equities research analysts expect that PepsiCo, Inc. will post 8.3 earnings per share for the current year.

PepsiCo Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, September 30th. Shareholders of record on Friday, September 5th were paid a $1.4225 dividend. This represents a $5.69 annualized dividend and a yield of 4.0%. The ex-dividend date of this dividend was Friday, September 5th. PepsiCo’s dividend payout ratio is presently 103.64%.

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.