Capital Advisors Inc. OK Increases Stock Holdings in PepsiCo, Inc. $PEP

Capital Advisors Inc. OK grew its holdings in PepsiCo, Inc. (NASDAQ:PEP) by 20.2% in the second quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 2,208,894 shares of the company’s stock after buying an additional 371,969 shares during the quarter. PepsiCo accounts for approximately 5.2% of Capital Advisors Inc. OK’s holdings, making the stock its biggest holding. Capital Advisors Inc. OK’s holdings in PepsiCo were worth $291,662,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also modified their holdings of PEP. Nova Wealth Management Inc. acquired a new position in shares of PepsiCo in the 1st quarter valued at $25,000. Elite Financial Inc. bought a new stake in PepsiCo in the 1st quarter valued at $28,000. Legend Financial Advisors Inc. bought a new position in shares of PepsiCo during the 2nd quarter worth approximately $29,000. Investment Research & Advisory Group Inc. lifted its position in shares of PepsiCo by 263.6% in the second quarter. Investment Research & Advisory Group Inc. now owns 320 shares of the company’s stock worth $42,000 after purchasing an additional 232 shares in the last quarter. Finally, MorganRosel Wealth Management LLC bought a new stake in shares of PepsiCo in the first quarter worth $55,000. 73.07% of the stock is owned by institutional investors and hedge funds.

PepsiCo Stock Performance

Shares of PEP opened at $141.98 on Monday. The stock has a market capitalization of $194.38 billion, a price-to-earnings ratio of 25.86, a price-to-earnings-growth ratio of 3.58 and a beta of 0.46. The company has a debt-to-equity ratio of 2.12, a quick ratio of 0.60 and a current ratio of 0.78. The stock’s 50-day simple moving average is $144.36 and its 200 day simple moving average is $139.34. PepsiCo, Inc. has a 52-week low of $127.60 and a 52-week high of $177.50.

PepsiCo (NASDAQ:PEP) last announced its quarterly earnings data on Thursday, July 17th. The company reported $2.12 EPS for the quarter, beating the consensus estimate of $2.03 by $0.09. PepsiCo had a return on equity of 57.81% and a net margin of 8.23%.The firm had revenue of $22.73 billion for the quarter, compared to analyst estimates of $22.28 billion. During the same period in the prior year, the company earned $2.28 EPS. The company’s revenue was up 1.0% on a year-over-year basis. PepsiCo has set its FY 2025 guidance at 8.038-8.038 EPS. Research analysts forecast that PepsiCo, Inc. will post 8.3 EPS for the current fiscal 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 paid a $1.4225 dividend. This represents a $5.69 dividend on an annualized basis and a dividend yield of 4.0%. The ex-dividend date was Friday, September 5th. PepsiCo’s dividend payout ratio (DPR) is presently 103.64%.

Wall Street Analyst Weigh In

Several analysts have issued reports on the stock. Cowen reaffirmed a “hold” rating on shares of PepsiCo in a research report on Thursday, July 17th. UBS Group cut their price objective on shares of PepsiCo from $175.00 to $170.00 and set a “buy” rating for the company in a research report on Thursday, September 11th. Morgan Stanley increased their target price on shares of PepsiCo from $153.00 to $165.00 and gave the stock an “equal weight” rating in a report on Friday, July 18th. Bank of America dropped their price objective on shares of PepsiCo from $150.00 to $145.00 and set a “neutral” rating for the company in a report on Friday, July 11th. Finally, Citigroup decreased their target price on shares of PepsiCo from $168.00 to $165.00 and set a “buy” rating for the company in a research report on Thursday, September 25th. Four research analysts have rated the stock with a Buy rating, fourteen have assigned a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $157.87.

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.