PepsiCo, Inc. $PEP Shares Acquired by Bogart Wealth LLC

Bogart Wealth LLC increased its stake in shares of PepsiCo, Inc. (NASDAQ:PEP) by 7.9% in the second quarter, HoldingsChannel reports. The firm owned 3,729 shares of the company’s stock after buying an additional 272 shares during the quarter. Bogart Wealth LLC’s holdings in PepsiCo were worth $492,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Financial Perspectives Inc grew its holdings in shares of PepsiCo by 9.7% during the second quarter. Financial Perspectives Inc now owns 1,462 shares of the company’s stock worth $193,000 after buying an additional 129 shares in the last quarter. Drive Wealth Management LLC boosted its position in PepsiCo by 19.8% during the second quarter. Drive Wealth Management LLC now owns 1,941 shares of the company’s stock worth $256,000 after acquiring an additional 321 shares during the last quarter. Canvas Wealth Advisors LLC grew its stake in PepsiCo by 9.9% in the 2nd quarter. Canvas Wealth Advisors LLC now owns 1,961 shares of the company’s stock worth $278,000 after acquiring an additional 177 shares during the period. Schnieders Capital Management LLC raised its holdings in PepsiCo by 10.1% in the 2nd quarter. Schnieders Capital Management LLC now owns 38,164 shares of the company’s stock valued at $5,039,000 after acquiring an additional 3,502 shares during the last quarter. Finally, CORDA Investment Management LLC. lifted its stake in shares of PepsiCo by 8.5% during the 2nd quarter. CORDA Investment Management LLC. now owns 297,019 shares of the company’s stock worth $39,218,000 after purchasing an additional 23,214 shares during the period. 73.07% of the stock is currently owned by hedge funds and other institutional investors.

PepsiCo Price Performance

PepsiCo stock opened at $153.64 on Tuesday. The firm has a fifty day moving average of $145.69 and a 200-day moving average of $139.29. 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. The firm has a market capitalization of $210.08 billion, a P/E ratio of 29.21, a PEG ratio of 3.74 and a beta of 0.46.

PepsiCo (NASDAQ:PEP) last announced its quarterly earnings results on Thursday, October 9th. The company reported $2.29 earnings per share for the quarter, topping analysts’ consensus estimates 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 analysts’ expectations of $23.91 billion. During the same period in the prior year, the company earned $2.31 EPS. The firm’s 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, analysts predict that PepsiCo, Inc. will post 8.3 EPS for the current year.

PepsiCo Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, September 30th. Investors of record on Friday, September 5th were issued a dividend of $1.4225 per share. This represents a $5.69 annualized dividend and a dividend yield of 3.7%. The ex-dividend date was Friday, September 5th. PepsiCo’s dividend payout ratio (DPR) is presently 108.17%.

Analysts Set New Price Targets

PEP has been the subject of several analyst reports. Citigroup dropped their target price on PepsiCo from $168.00 to $165.00 and set a “buy” rating for the company in a research note on Thursday, September 25th. The Goldman Sachs Group upped their price objective 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. Piper Sandler raised 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. Morgan Stanley upped their price target on shares of PepsiCo from $153.00 to $165.00 and gave the stock an “equal weight” rating in a research report on Friday, July 18th. Finally, UBS Group decreased their price target on shares of PepsiCo from $175.00 to $170.00 and set a “buy” rating on the stock in a report on Thursday, September 11th. Six equities research analysts have rated the stock with a Buy rating, fourteen have assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, PepsiCo presently has a consensus rating of “Hold” and an average price target of $156.00.

PepsiCo Company 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.