Mitchell Mcleod Pugh & Williams Inc. Purchases 442 Shares of PepsiCo, Inc. $PEP

Mitchell Mcleod Pugh & Williams Inc. grew its stake in PepsiCo, Inc. (NASDAQ:PEP) by 4.1% in the 2nd quarter, Holdings Channel.com reports. The firm owned 11,103 shares of the company’s stock after purchasing an additional 442 shares during the period. Mitchell Mcleod Pugh & Williams Inc.’s holdings in PepsiCo were worth $1,466,000 at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of the stock. JSF Financial LLC lifted its stake in shares of PepsiCo by 3.8% in the 2nd quarter. JSF Financial LLC now owns 1,897 shares of the company’s stock valued at $250,000 after purchasing an additional 69 shares during the last quarter. Dogwood Wealth Management LLC lifted its stake in shares of 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 purchasing an additional 72 shares during the last quarter. Joel Isaacson & Co. LLC lifted its stake in shares of PepsiCo by 0.5% during the 2nd quarter. Joel Isaacson & Co. LLC now owns 16,507 shares of the company’s stock worth $2,180,000 after acquiring an additional 74 shares during the last quarter. Bull Street Advisors LLC lifted its stake in shares of PepsiCo by 0.4% during the 2nd quarter. Bull Street Advisors LLC now owns 19,902 shares of the company’s stock worth $2,628,000 after acquiring an additional 74 shares during the last quarter. Finally, Centurion Wealth Management LLC lifted its stake in shares of PepsiCo by 3.8% during the 2nd quarter. Centurion Wealth Management LLC now owns 2,068 shares of the company’s stock worth $273,000 after acquiring an additional 75 shares during the last quarter. 73.07% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on the company. BNP Paribas Exane decreased their price target on PepsiCo from $152.00 to $150.00 and set a “neutral” rating for the company in a research note on Monday, October 6th. Royal Bank Of Canada decreased their price target on PepsiCo from $146.00 to $145.00 and set a “sector perform” rating for the company in a research note on Monday, September 15th. JPMorgan Chase & Co. decreased their price target on PepsiCo from $157.00 to $151.00 and set a “neutral” rating for the company in a research note on Monday, October 6th. Evercore ISI raised their price target on PepsiCo from $150.00 to $152.00 in a research note on Friday, October 10th. Finally, Wells Fargo & Company raised their price target on PepsiCo from $150.00 to $154.00 and gave the stock a “positive” rating in a research note on Friday. 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.com, the company currently has an average rating of “Hold” and a consensus target price of $156.00.

PepsiCo Trading Up 1.8%

PEP opened at $151.54 on Wednesday. The stock’s fifty day moving average is $144.96 and its two-hundred day moving average is $139.27. The company has a market capitalization of $207.21 billion, a P/E ratio of 28.81, a PEG ratio of 3.62 and a beta of 0.46. PepsiCo, Inc. has a 52 week low of $127.60 and a 52 week high of $177.50. The company has a quick ratio of 0.72, a current ratio of 0.91 and a debt-to-equity ratio of 2.26.

PepsiCo (NASDAQ:PEP) last announced its quarterly earnings results on Thursday, October 9th. The company reported $2.29 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.26 by $0.03. PepsiCo had a return on equity of 57.58% and a net margin of 7.82%.The business had revenue of $23.94 billion for the quarter, compared to the consensus estimate of $23.91 billion. During the same period last year, the business posted $2.31 EPS. The business’s revenue was up 2.7% compared to the same quarter last year. PepsiCo has set its FY 2025 guidance at 8.120-8.120 EPS. 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. Stockholders of record on Friday, September 5th were issued a $1.4225 dividend. The ex-dividend date was Friday, September 5th. This represents a $5.69 dividend on an annualized basis and a dividend yield of 3.8%. PepsiCo’s dividend payout ratio (DPR) is currently 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.