Colton Groome Financial Advisors LLC Increases Stock Position in PepsiCo, Inc. $PEP

Colton Groome Financial Advisors LLC raised its position in PepsiCo, Inc. (NASDAQ:PEP) by 27.7% in the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 5,246 shares of the company’s stock after buying an additional 1,138 shares during the period. Colton Groome Financial Advisors LLC’s holdings in PepsiCo were worth $693,000 at the end of the most recent quarter.

Several other hedge funds have also modified their holdings of the company. Nuveen LLC purchased a new stake in shares of PepsiCo in the first quarter valued at approximately $946,978,000. GAMMA Investing LLC grew its stake in PepsiCo by 19,106.5% in the 1st quarter. GAMMA Investing LLC now owns 4,588,614 shares of the company’s stock valued at $688,017,000 after acquiring an additional 4,564,723 shares during the period. Kingstone Capital Partners Texas LLC purchased a new stake in PepsiCo in the 2nd quarter worth $460,110,000. Assenagon Asset Management S.A. raised its position in PepsiCo by 106.1% during the first quarter. Assenagon Asset Management S.A. now owns 3,514,965 shares of the company’s stock worth $527,034,000 after acquiring an additional 1,809,391 shares during the period. Finally, Vanguard Group Inc. lifted its holdings in PepsiCo by 1.4% during the first quarter. Vanguard Group Inc. now owns 135,174,252 shares of the company’s stock valued at $20,268,027,000 after purchasing an additional 1,802,748 shares in the last quarter. 73.07% of the stock is owned by hedge funds and other institutional investors.

PepsiCo Trading Down 1.6%

Shares of PepsiCo stock opened at $139.92 on Friday. The company has a debt-to-equity ratio of 2.12, a current ratio of 0.78 and a quick ratio of 0.60. The stock’s 50 day simple moving average is $144.68 and its 200-day simple moving average is $139.79. The stock has a market cap of $191.56 billion, a P/E ratio of 25.49, a P/E/G ratio of 3.59 and a beta of 0.46. PepsiCo, Inc. has a 1-year low of $127.60 and a 1-year 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, topping analysts’ consensus estimates of $2.03 by $0.09. The firm had revenue of $22.73 billion for the quarter, compared to the consensus estimate of $22.28 billion. PepsiCo had a return on equity of 57.81% and a net margin of 8.23%.The firm’s revenue was up 1.0% compared to the same quarter last year. During the same quarter last year, the business posted $2.28 earnings per share. PepsiCo has set its FY 2025 guidance at 8.038-8.038 EPS. Analysts predict that PepsiCo, Inc. will post 8.3 EPS for the current fiscal year.

PepsiCo Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 30th. Investors of record on Friday, September 5th will be issued a $1.4225 dividend. The ex-dividend date of this dividend is Friday, September 5th. This represents a $5.69 dividend on an annualized basis and a dividend yield of 4.1%. PepsiCo’s dividend payout ratio is currently 103.64%.

Analyst Ratings Changes

A number of research firms have recently commented on PEP. UBS Group cut their target price on shares of PepsiCo from $175.00 to $170.00 and set a “buy” rating for the company in a research note on Thursday, September 11th. Wells Fargo & Company lowered their price objective on PepsiCo from $154.00 to $150.00 and set an “equal weight” rating on the stock in a report on Thursday. Cowen reissued a “hold” rating on shares of PepsiCo in a report on Thursday, July 17th. Citigroup decreased their target price on PepsiCo from $168.00 to $165.00 and set a “buy” rating on the stock in a research report on Thursday. Finally, Deutsche Bank Aktiengesellschaft reiterated a “buy” rating on shares of PepsiCo in a research report on Thursday, July 17th. Four research analysts have rated the stock with a Buy rating, fourteen have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the company has an average rating of “Hold” and a consensus target price of $158.13.

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.