Destiny Wealth Partners LLC Purchases 1,146 Shares of PepsiCo, Inc. $PEP

Destiny Wealth Partners LLC increased its position in PepsiCo, Inc. (NASDAQ:PEP) by 19.2% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 7,111 shares of the company’s stock after buying an additional 1,146 shares during the period. Destiny Wealth Partners LLC’s holdings in PepsiCo were worth $939,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in the business. Nova Wealth Management Inc. purchased a new position in PepsiCo during the 1st quarter worth $25,000. Elite Financial Inc. purchased a new stake in PepsiCo in the first quarter valued at about $28,000. Legend Financial Advisors Inc. acquired a new stake in PepsiCo in the 2nd quarter worth approximately $29,000. MorganRosel Wealth Management LLC acquired a new position in shares of PepsiCo in the first quarter valued at about $55,000. Finally, Migdal Insurance & Financial Holdings Ltd. purchased a new position in PepsiCo during the 1st quarter worth approximately $58,000. Institutional investors own 73.07% of the company’s stock.

PepsiCo Trading Down 1.6%

NASDAQ PEP opened at $139.92 on Friday. 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 firm has a market capitalization of $191.56 billion, a price-to-earnings ratio of 25.49, a PEG ratio of 3.59 and a beta of 0.46. The company’s 50 day moving average price is $144.68 and its 200 day moving average price is $139.79. PepsiCo, Inc. has a one year low of $127.60 and a one year high of $177.50.

PepsiCo (NASDAQ:PEP) last issued 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. PepsiCo had a net margin of 8.23% and a return on equity of 57.81%. The firm had revenue of $22.73 billion for the quarter, compared to analyst estimates of $22.28 billion. During the same quarter in the previous year, the business posted $2.28 EPS. The firm’s revenue was up 1.0% compared to the same quarter last year. PepsiCo has set its FY 2025 guidance at 8.038-8.038 EPS. On average, sell-side analysts predict that PepsiCo, Inc. will post 8.3 EPS for the current year.

PepsiCo Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, September 30th. Shareholders of record on Friday, September 5th will be given a dividend of $1.4225 per share. This represents a $5.69 dividend on an annualized basis and a yield of 4.1%. The ex-dividend date is Friday, September 5th. PepsiCo’s payout ratio is 103.64%.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on PEP. Wells Fargo & Company decreased their target price on PepsiCo from $154.00 to $150.00 and set an “equal weight” rating on the stock in a research report on Thursday. Deutsche Bank Aktiengesellschaft restated a “buy” rating on shares of PepsiCo in a research report on Thursday, July 17th. JPMorgan Chase & Co. decreased their target price on PepsiCo from $150.00 to $139.00 and set a “neutral” rating for the company in a report on Thursday, July 10th. Morgan Stanley boosted their target price on PepsiCo from $153.00 to $165.00 and gave the company an “equal weight” rating in a report on Friday, July 18th. Finally, Cowen reissued a “hold” rating on shares of PepsiCo in a research note on Thursday, July 17th. Four analysts have rated the stock with a Buy rating, fourteen have assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target 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.