Wealthcare Advisory Partners LLC Has $2.19 Million Stock Holdings in PepsiCo, Inc. $PEP

Wealthcare Advisory Partners LLC increased its stake in PepsiCo, Inc. (NASDAQ:PEP) by 14.1% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 16,590 shares of the company’s stock after acquiring an additional 2,046 shares during the quarter. Wealthcare Advisory Partners LLC’s holdings in PepsiCo were worth $2,191,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in PEP. Nuveen LLC bought a new stake in shares of PepsiCo during the 1st quarter valued at about $946,978,000. Kingstone Capital Partners Texas LLC bought a new position in shares of PepsiCo during the 2nd quarter worth approximately $460,110,000. Assenagon Asset Management S.A. grew its position in shares of PepsiCo by 106.1% during the 1st quarter. Assenagon Asset Management S.A. now owns 3,514,965 shares of the company’s stock worth $527,034,000 after buying an additional 1,809,391 shares during the period. Vanguard Group Inc. increased its stake in shares of PepsiCo by 1.4% in the 1st quarter. Vanguard Group Inc. now owns 135,174,252 shares of the company’s stock valued at $20,268,027,000 after acquiring an additional 1,802,748 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its position in shares of PepsiCo by 5.0% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 26,475,241 shares of the company’s stock valued at $3,969,698,000 after acquiring an additional 1,258,198 shares during the period. Institutional investors and hedge funds own 73.07% of the company’s stock.

PepsiCo Stock Down 1.6%

PEP stock opened at $139.70 on Tuesday. The stock’s 50 day moving average is $144.32 and its 200-day moving average is $139.30. PepsiCo, Inc. has a twelve month low of $127.60 and a twelve month high of $177.50. The firm has a market capitalization of $191.26 billion, a PE ratio of 25.45, a P/E/G ratio of 3.58 and a beta of 0.46. 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 (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 business had revenue of $22.73 billion during the quarter, compared to analyst estimates of $22.28 billion. PepsiCo had a return on equity of 57.81% and a net margin of 8.23%.PepsiCo’s quarterly revenue was up 1.0% compared to the same quarter last year. During the same period in the prior year, the firm posted $2.28 EPS. PepsiCo has set its FY 2025 guidance at 8.038-8.038 EPS. Sell-side analysts expect that PepsiCo, Inc. will post 8.3 EPS for the current fiscal year.

PepsiCo Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, September 30th. Investors of record on Friday, September 5th were issued a dividend of $1.4225 per share. The ex-dividend date was Friday, September 5th. This represents a $5.69 annualized dividend and a yield of 4.1%. PepsiCo’s payout ratio is 103.64%.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on the stock. JPMorgan Chase & Co. reduced their price target on shares of PepsiCo from $157.00 to $151.00 and set a “neutral” rating for the company in a report on Monday. Wells Fargo & Company decreased their target price on PepsiCo from $154.00 to $150.00 and set an “equal weight” rating for the company in a research report on Thursday, September 25th. Cowen reiterated a “hold” rating on shares of PepsiCo in a report on Thursday, July 17th. BNP Paribas Exane reduced their price objective on PepsiCo from $152.00 to $150.00 and set a “neutral” rating for the company in a research note on Monday. Finally, UBS Group lowered their target price on PepsiCo from $175.00 to $170.00 and set a “buy” rating on the stock in a research report on Thursday, September 11th. Four analysts have rated the stock with a Buy rating, fifteen have given a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat, PepsiCo presently has a consensus rating of “Hold” and a consensus target price of $158.13.

PepsiCo Company 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.