Koshinski Asset Management Inc. Buys 2,149 Shares of PepsiCo, Inc. $PEP

Koshinski Asset Management Inc. grew its stake in PepsiCo, Inc. (NASDAQ:PEP) by 9.7% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 24,229 shares of the company’s stock after acquiring an additional 2,149 shares during the quarter. Koshinski Asset Management Inc.’s holdings in PepsiCo were worth $3,199,000 at the end of the most recent quarter.

A number of other large investors have also bought and sold shares of PEP. Brighton Jones LLC increased its stake in PepsiCo by 12.4% during the 4th quarter. Brighton Jones LLC now owns 59,392 shares of the company’s stock worth $9,031,000 after purchasing an additional 6,574 shares in the last quarter. GAMMA Investing LLC increased its stake in PepsiCo by 28.1% during the 1st quarter. GAMMA Investing LLC now owns 30,603 shares of the company’s stock worth $4,589,000 after purchasing an additional 6,712 shares in the last quarter. DecisionMap Wealth Management LLC increased its stake in PepsiCo by 14.0% during the 1st quarter. DecisionMap Wealth Management LLC now owns 3,681 shares of the company’s stock worth $552,000 after purchasing an additional 453 shares in the last quarter. Walter & Keenan Wealth Management LLC IN ADV increased its stake in PepsiCo by 0.9% during the 1st quarter. Walter & Keenan Wealth Management LLC IN ADV now owns 17,456 shares of the company’s stock worth $2,617,000 after purchasing an additional 159 shares in the last quarter. Finally, Clark & Stuart Inc increased its stake in PepsiCo by 38.3% during the 1st quarter. Clark & Stuart Inc now owns 40,368 shares of the company’s stock worth $6,053,000 after purchasing an additional 11,186 shares in the last quarter. 73.07% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of analysts recently issued reports on PEP shares. UBS Group lowered their target price on PepsiCo from $175.00 to $170.00 and set a “buy” rating for the company in a research note on Thursday, September 11th. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating on shares of PepsiCo in a research report on Thursday, July 17th. The Goldman Sachs Group upped their price target on PepsiCo from $165.00 to $167.00 and gave the stock a “buy” rating in a research report on Friday, October 10th. Citigroup reduced their price target on PepsiCo from $168.00 to $165.00 and set a “buy” rating for the company in a research report on Thursday, September 25th. Finally, Jefferies Financial Group upped their price target on PepsiCo from $161.00 to $163.00 and gave the stock a “hold” 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 MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $156.00.

PepsiCo Trading Up 0.7%

NASDAQ PEP opened at $153.71 on Friday. The company has a market cap of $210.17 billion, a PE ratio of 29.22, a PEG ratio of 3.71 and a beta of 0.46. 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, Inc. has a 12 month low of $127.60 and a 12 month high of $177.50. The stock has a 50 day moving average of $145.51 and a 200-day moving average of $139.40.

PepsiCo (NASDAQ:PEP) last released its quarterly earnings data on Thursday, October 9th. The company reported $2.29 EPS for the quarter, beating the consensus estimate of $2.26 by $0.03. The company had revenue of $23.94 billion during the quarter, compared to the consensus estimate of $23.91 billion. PepsiCo had a return on equity of 57.58% and a net margin of 7.82%.The firm’s revenue for the quarter was up 2.7% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $2.31 EPS. PepsiCo has set its FY 2025 guidance at 8.120-8.120 EPS. On average, equities research analysts anticipate that PepsiCo, Inc. will post 8.3 EPS for the current fiscal year.

PepsiCo Dividend Announcement

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

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.