Cypress Wealth Services LLC Acquires 220 Shares of PepsiCo, Inc. $PEP

Cypress Wealth Services LLC grew its holdings in PepsiCo, Inc. (NASDAQ:PEP) by 10.4% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 2,339 shares of the company’s stock after acquiring an additional 220 shares during the period. Cypress Wealth Services LLC’s holdings in PepsiCo were worth $309,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in the business. Claris Advisors LLC MO increased its stake in shares of PepsiCo by 14.1% in the second quarter. Claris Advisors LLC MO now owns 2,490 shares of the company’s stock worth $329,000 after purchasing an additional 308 shares in the last quarter. Foster Group Inc. increased its stake in shares of PepsiCo by 4.6% in the second quarter. Foster Group Inc. now owns 5,169 shares of the company’s stock worth $683,000 after purchasing an additional 229 shares in the last quarter. Asset Management One Co. Ltd. increased its stake in shares of PepsiCo by 3.6% in the first quarter. Asset Management One Co. Ltd. now owns 630,906 shares of the company’s stock worth $94,598,000 after purchasing an additional 21,859 shares in the last quarter. Ignite Planners LLC increased its stake in shares of PepsiCo by 4.2% in the first quarter. Ignite Planners LLC now owns 3,773 shares of the company’s stock worth $566,000 after purchasing an additional 151 shares in the last quarter. Finally, Merit Financial Group LLC increased its stake in shares of PepsiCo by 46.4% in the second quarter. Merit Financial Group LLC now owns 114,344 shares of the company’s stock worth $15,098,000 after purchasing an additional 36,239 shares in the last quarter. 73.07% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several equities analysts recently weighed in on the stock. Royal Bank Of Canada cut their target price on shares of PepsiCo from $146.00 to $145.00 and set a “sector perform” rating for the company in a research note on Monday, September 15th. The Goldman Sachs Group raised their target price on shares of PepsiCo from $165.00 to $167.00 and gave the company a “buy” rating in a research note on Friday, October 10th. Evercore ISI raised their target price on shares of PepsiCo from $150.00 to $152.00 in a research note on Friday, October 10th. HSBC raised their target price on shares of PepsiCo from $145.00 to $152.00 and gave the company a “hold” rating in a research note on Friday, October 10th. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of PepsiCo in a research note on Tuesday. Six research analysts have rated the stock with a Buy rating, fourteen have issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $156.00.

PepsiCo Price Performance

PepsiCo stock opened at $151.54 on Wednesday. The firm has a 50-day moving average price of $144.96 and a 200-day moving average price of $139.27. The firm has a market capitalization of $207.21 billion, a PE ratio of 28.81, a price-to-earnings-growth ratio of 3.62 and a beta of 0.46. The company has a current ratio of 0.91, a quick ratio of 0.72 and a debt-to-equity ratio of 2.26. PepsiCo, Inc. has a 12-month low of $127.60 and a 12-month high of $177.50.

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

PepsiCo Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, September 30th. Stockholders of record on Friday, September 5th were issued a $1.4225 dividend. This represents a $5.69 annualized dividend and a dividend yield of 3.8%. The ex-dividend date was Friday, September 5th. PepsiCo’s dividend payout ratio (DPR) is 108.17%.

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.