Armstrong Fleming & Moore Inc Raises Holdings in PepsiCo, Inc. $PEP

Armstrong Fleming & Moore Inc raised its holdings in shares of PepsiCo, Inc. (NASDAQ:PEP) by 158.3% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 5,431 shares of the company’s stock after acquiring an additional 3,328 shares during the quarter. Armstrong Fleming & Moore Inc’s holdings in PepsiCo were worth $717,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in the stock. Nova Wealth Management Inc. purchased a new stake in shares of PepsiCo during the 1st quarter valued at $25,000. Elite Financial Inc. purchased a new position in PepsiCo in the 1st quarter worth approximately $28,000. Legend Financial Advisors Inc. purchased a new stake in shares of PepsiCo during the 2nd quarter valued at approximately $29,000. RMG Wealth Management LLC acquired a new stake in PepsiCo in the 2nd quarter valued at approximately $45,000. Finally, Investment Research & Advisory Group Inc. grew its stake in shares of PepsiCo by 263.6% in the second quarter. Investment Research & Advisory Group Inc. now owns 320 shares of the company’s stock worth $42,000 after acquiring an additional 232 shares in the last quarter. 73.07% of the stock is owned by institutional investors.

PepsiCo Stock Performance

Shares of NASDAQ:PEP opened at $138.84 on Thursday. The company has a market capitalization of $190.08 billion, a price-to-earnings ratio of 25.29, a P/E/G ratio of 3.55 and a beta of 0.46. The firm’s 50 day simple moving average is $144.18 and its 200 day simple moving average is $139.30. The company has a debt-to-equity ratio of 2.12, a current ratio of 0.78 and a quick ratio of 0.60. PepsiCo, Inc. has a fifty-two week low of $127.60 and a fifty-two week high of $177.50.

PepsiCo (NASDAQ:PEP) last released its earnings results on Thursday, July 17th. The company reported $2.12 earnings per share for the quarter, beating the consensus estimate of $2.03 by $0.09. PepsiCo had a net margin of 8.23% and a return on equity of 57.81%. The business had revenue of $22.73 billion during the quarter, compared to analysts’ expectations of $22.28 billion. During the same period last year, the business earned $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. As a group, sell-side analysts forecast that PepsiCo, Inc. will post 8.3 earnings per share for the current year.

PepsiCo Dividend Announcement

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

Analyst Ratings Changes

A number of equities research analysts recently weighed in on the stock. UBS Group reduced their price target on shares of PepsiCo from $175.00 to $170.00 and set a “buy” rating for the company in a research report on Thursday, September 11th. Citigroup cut their price target 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. BNP Paribas Exane lowered their price target on shares of PepsiCo from $152.00 to $150.00 and set a “neutral” rating for the company in a report on Monday. Barclays reissued a “cautious” rating on shares of PepsiCo in a report on Friday, October 3rd. Finally, Weiss Ratings reiterated a “hold (c-)” rating on shares of PepsiCo in a research report on Saturday, September 27th. Four research analysts have rated the stock with a Buy rating, fifteen have issued a Hold rating and two have assigned a Sell rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average 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.