Demars Financial Group LLC Has $880,000 Holdings in PepsiCo, Inc. $PEP

Demars Financial Group LLC cut its position in PepsiCo, Inc. (NASDAQ:PEP) by 99.3% during the second quarter, HoldingsChannel.com reports. The institutional investor owned 6,663 shares of the company’s stock after selling 968,567 shares during the quarter. PepsiCo makes up approximately 0.3% of Demars Financial Group LLC’s investment portfolio, making the stock its 28th largest holding. Demars Financial Group LLC’s holdings in PepsiCo were worth $880,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Nova Wealth Management Inc. acquired a new position in PepsiCo in the 1st quarter valued at $25,000. Elite Financial Inc. acquired a new position in PepsiCo in the 1st quarter valued at $28,000. Legend Financial Advisors Inc. acquired a new stake in PepsiCo in the 2nd quarter worth $29,000. Frazier Financial Advisors LLC grew its position in PepsiCo by 85.3% in the 2nd quarter. Frazier Financial Advisors LLC now owns 265 shares of the company’s stock worth $35,000 after purchasing an additional 122 shares during the last quarter. Finally, RMG Wealth Management LLC acquired a new stake in PepsiCo in the 2nd quarter worth $45,000. 73.07% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research firms have issued reports on PEP. BNP Paribas Exane decreased their price target on shares of PepsiCo from $152.00 to $150.00 and set a “neutral” rating on the stock in a research report on Monday, October 6th. JPMorgan Chase & Co. decreased their target price on shares of PepsiCo from $157.00 to $151.00 and set a “neutral” rating on the stock in a research report on Monday, October 6th. Wells Fargo & Company lifted their target price on shares of PepsiCo from $150.00 to $154.00 and gave the company a “positive” rating in a research report on Friday, October 10th. Piper Sandler lifted their target price on shares of PepsiCo from $160.00 to $162.00 and gave the company an “overweight” rating in a research report on Friday, October 10th. Finally, Barclays lifted their target price on shares of PepsiCo from $140.00 to $142.00 and gave the company an “equal weight” rating in a research report on Friday, October 10th. Six equities research analysts have rated the stock with a Buy rating, fourteen have given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $156.00.

PepsiCo Trading Up 0.7%

Shares of PEP stock opened at $153.71 on Monday. PepsiCo, Inc. has a 12-month low of $127.60 and a 12-month high of $177.50. The company has a market capitalization of $210.17 billion, a P/E ratio of 29.22, a P/E/G ratio of 3.74 and a beta of 0.46. The firm has a 50-day moving average price of $145.51 and a 200 day moving average price of $139.25. 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 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 during the quarter, compared to the consensus estimate of $23.91 billion. During the same period last year, the firm posted $2.31 EPS. 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. Research analysts forecast that PepsiCo, Inc. will post 8.3 earnings per share for the current fiscal year.

PepsiCo Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, September 30th. Shareholders of record on Friday, September 5th were paid a $1.4225 dividend. The ex-dividend date of this dividend was Friday, September 5th. This represents a $5.69 dividend on an annualized basis and a dividend yield of 3.7%. PepsiCo’s payout ratio is currently 108.17%.

About PepsiCo

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.