PepsiCo, Inc. $PEP Stock Holdings Lifted by Cutler Investment Counsel LLC

Cutler Investment Counsel LLC raised its position in shares of PepsiCo, Inc. (NASDAQ:PEP) by 1.0% during the 2nd quarter, Holdings Channel.com reports. The firm owned 59,423 shares of the company’s stock after acquiring an additional 571 shares during the period. Cutler Investment Counsel LLC’s holdings in PepsiCo were worth $7,846,000 as of its most recent SEC filing.

Other large investors also recently added to or reduced their stakes in the company. Nova Wealth Management Inc. acquired a new stake in PepsiCo during the 1st quarter valued at $25,000. Elite Financial Inc. purchased a new position in shares of PepsiCo during the 1st quarter valued at $28,000. Legend Financial Advisors Inc. purchased a new position in shares of PepsiCo during the 2nd quarter valued at $29,000. Investment Research & Advisory Group Inc. grew its holdings in shares of PepsiCo by 263.6% during the 2nd quarter. Investment Research & Advisory Group Inc. now owns 320 shares of the company’s stock valued at $42,000 after acquiring an additional 232 shares in the last quarter. Finally, RMG Wealth Management LLC purchased a new position in shares of PepsiCo during the 2nd quarter valued at $45,000. 73.07% of the stock is owned by institutional investors and hedge funds.

PepsiCo Trading Down 0.8%

Shares of NASDAQ:PEP opened at $148.89 on Tuesday. The stock has a market capitalization of $203.58 billion, a PE ratio of 28.31, a P/E/G ratio of 3.75 and a beta of 0.46. PepsiCo, Inc. has a 1 year low of $127.60 and a 1 year high of $177.50. The firm has a fifty day moving average price of $144.72 and a 200 day moving average price of $139.18. The company has a current ratio of 0.91, a quick ratio of 0.72 and a debt-to-equity ratio of 2.26.

PepsiCo (NASDAQ:PEP) last released 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 net margin of 7.82% and a return on equity of 57.58%. The company 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 earnings per share. The business’s quarterly 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 expect that PepsiCo, Inc. will post 8.3 EPS for the current fiscal year.

PepsiCo Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, September 30th. Shareholders of record on Friday, September 5th were issued a dividend of $1.4225 per share. This represents a $5.69 dividend on an annualized basis and a yield of 3.8%. The ex-dividend date was Friday, September 5th. PepsiCo’s dividend payout ratio is 108.17%.

Analysts Set New Price Targets

Several equities analysts have recently commented on PEP shares. Morgan Stanley boosted their price target on shares of PepsiCo from $153.00 to $165.00 and gave the company an “equal weight” rating in a report on Friday, July 18th. Jefferies Financial Group boosted their price target on shares of PepsiCo from $161.00 to $163.00 and gave the company a “hold” rating in a report on Friday. Barclays boosted their price target on shares of PepsiCo from $140.00 to $142.00 and gave the company an “equal weight” rating in a report on Friday. Evercore ISI upped their price objective on shares of PepsiCo from $150.00 to $152.00 in a report on Friday. Finally, BNP Paribas Exane decreased their price objective on shares of PepsiCo from $152.00 to $150.00 and set a “neutral” rating for the company in a report on Monday, October 6th. Five equities research analysts have rated the stock with a Buy rating and fourteen have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $157.75.

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.