Aries Wealth Management Decreases Stock Holdings in PepsiCo, Inc. $PEP

Aries Wealth Management reduced its holdings in shares of PepsiCo, Inc. (NASDAQ:PEP) by 1.9% in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 15,302 shares of the company’s stock after selling 290 shares during the quarter. Aries Wealth Management’s holdings in PepsiCo were worth $2,020,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of the business. JGP Wealth Management LLC grew its stake in PepsiCo by 2.1% during the second quarter. JGP Wealth Management LLC now owns 37,625 shares of the company’s stock worth $4,968,000 after buying an additional 789 shares during the period. Cypress Wealth Services LLC grew its stake in PepsiCo by 10.4% during the second quarter. Cypress Wealth Services LLC now owns 2,339 shares of the company’s stock worth $309,000 after buying an additional 220 shares during the period. Sagespring Wealth Partners LLC grew its stake in PepsiCo by 8.1% during the second quarter. Sagespring Wealth Partners LLC now owns 11,050 shares of the company’s stock worth $1,459,000 after buying an additional 830 shares during the period. TD Asset Management Inc grew its stake in PepsiCo by 1.4% during the second quarter. TD Asset Management Inc now owns 1,201,597 shares of the company’s stock worth $158,659,000 after buying an additional 17,139 shares during the period. Finally, Frazier Financial Advisors LLC grew its stake in PepsiCo by 85.3% during the second quarter. Frazier Financial Advisors LLC now owns 265 shares of the company’s stock worth $35,000 after buying an additional 122 shares during the period. 73.07% of the stock is currently owned by hedge funds and other institutional investors.

PepsiCo Trading Up 1.8%

PEP opened at $151.54 on Wednesday. The stock has a market capitalization of $207.21 billion, a PE ratio of 28.81, a P/E/G ratio of 3.62 and a beta of 0.46. The firm’s fifty day moving average price is $144.96 and its 200 day moving average price is $139.27. The company has a debt-to-equity ratio of 2.26, a current ratio of 0.91 and a quick ratio of 0.72. PepsiCo, Inc. has a 12-month low of $127.60 and a 12-month high of $177.50.

PepsiCo (NASDAQ:PEP) last posted its quarterly earnings results on Thursday, October 9th. The company reported $2.29 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.26 by $0.03. PepsiCo had a net margin of 7.82% and a return on equity of 57.58%. The firm had revenue of $23.94 billion for the quarter, compared to analysts’ expectations of $23.91 billion. During the same period in the prior year, the company posted $2.31 earnings per share. The firm’s quarterly revenue was up 2.7% on a year-over-year basis. PepsiCo has set its FY 2025 guidance at 8.120-8.120 EPS. As a group, research analysts expect that PepsiCo, Inc. will post 8.3 EPS for the current fiscal year.

PepsiCo Announces Dividend

The firm also recently announced 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 annualized dividend and a yield of 3.8%. PepsiCo’s payout ratio is presently 108.17%.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on PEP. Citigroup reduced their target price on shares of PepsiCo from $168.00 to $165.00 and set a “buy” rating on the stock in a research report on Thursday, September 25th. Wells Fargo & Company boosted their target price on shares of PepsiCo from $150.00 to $154.00 and gave the stock a “positive” rating in a research report on Friday. Cowen reissued a “hold” rating on shares of PepsiCo in a research report on Thursday, July 17th. Royal Bank Of Canada reduced their target price on shares of PepsiCo from $146.00 to $145.00 and set a “sector perform” rating on the stock in a research report on Monday, September 15th. Finally, Piper Sandler boosted their target price on shares of PepsiCo from $160.00 to $162.00 and gave the stock an “overweight” rating in a research report on Friday, October 10th. Six 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. According to MarketBeat, the company presently has an average rating of “Hold” and an average target price of $156.00.

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.