Triton Financial Group Inc Purchases Shares of 7,190 PepsiCo, Inc. $PEP

Triton Financial Group Inc acquired a new position in PepsiCo, Inc. (NASDAQ:PEP) in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 7,190 shares of the company’s stock, valued at approximately $949,000.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. VCI Wealth Management LLC raised its position in PepsiCo by 14.6% in the 2nd quarter. VCI Wealth Management LLC now owns 7,060 shares of the company’s stock worth $932,000 after purchasing an additional 898 shares during the period. Klingman & Associates LLC increased its holdings in shares of PepsiCo by 7.9% in the second quarter. Klingman & Associates LLC now owns 3,881 shares of the company’s stock worth $512,000 after buying an additional 285 shares during the period. Phoenix Financial Ltd. lifted its stake in shares of PepsiCo by 13.8% in the 2nd quarter. Phoenix Financial Ltd. now owns 32,773 shares of the company’s stock valued at $4,325,000 after acquiring an additional 3,970 shares during the last quarter. Journey Advisory Group LLC boosted its holdings in PepsiCo by 17.3% during the 2nd quarter. Journey Advisory Group LLC now owns 44,735 shares of the company’s stock valued at $5,907,000 after acquiring an additional 6,592 shares during the period. Finally, Bogart Wealth LLC grew its position in PepsiCo by 7.9% during the 2nd quarter. Bogart Wealth LLC now owns 3,729 shares of the company’s stock worth $492,000 after acquiring an additional 272 shares during the last quarter. Institutional investors own 73.07% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have recently weighed in on PEP shares. Rothschild & Co Redburn increased their price objective on PepsiCo from $115.00 to $117.00 and gave the company a “sell” rating in a research note on Monday, October 13th. Morgan Stanley increased their price target on shares of PepsiCo from $153.00 to $165.00 and gave the company an “equal weight” rating in a research report on Friday, July 18th. Royal Bank Of Canada decreased their price objective 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. Barclays increased their target price on shares of PepsiCo from $140.00 to $142.00 and gave the stock an “equal weight” rating in a report on Friday, October 10th. Finally, BNP Paribas Exane reduced their price target on PepsiCo from $152.00 to $150.00 and set a “neutral” rating on the stock in a report on Monday, October 6th. 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 MarketBeat.com, PepsiCo presently has an average rating of “Hold” and a consensus price target of $156.00.

PepsiCo Stock Performance

PepsiCo stock opened at $153.64 on Tuesday. PepsiCo, Inc. has a fifty-two week low of $127.60 and a fifty-two week high of $177.50. The stock’s 50 day simple moving average is $145.69 and its two-hundred day simple moving average is $139.29. The company has a debt-to-equity ratio of 2.26, a quick ratio of 0.72 and a current ratio of 0.91. The stock has a market cap of $210.08 billion, a price-to-earnings ratio of 29.21, a PEG ratio of 3.74 and a beta of 0.46.

PepsiCo (NASDAQ:PEP) last released its earnings results on Thursday, October 9th. The company reported $2.29 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 company had revenue of $23.94 billion during the quarter, compared to analysts’ expectations of $23.91 billion. During the same quarter last year, the business posted $2.31 EPS. The firm’s revenue for the quarter was up 2.7% compared to the same quarter last year. PepsiCo has set its FY 2025 guidance at 8.120-8.120 EPS. As a group, analysts expect that PepsiCo, Inc. will post 8.3 earnings per share for the current fiscal year.

PepsiCo Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, September 30th. Stockholders of record on Friday, September 5th were given 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 dividend payout ratio 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.