Smith Thornton Advisors LLC Purchases 1,380 Shares of PepsiCo, Inc. $PEP

Smith Thornton Advisors LLC increased its stake in shares of PepsiCo, Inc. (NASDAQ:PEP) by 68.0% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 3,410 shares of the company’s stock after acquiring an additional 1,380 shares during the quarter. Smith Thornton Advisors LLC’s holdings in PepsiCo were worth $450,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Nova Wealth Management Inc. bought a new position in PepsiCo during the first quarter worth $25,000. Elite Financial Inc. acquired a new stake in PepsiCo during the first quarter worth $28,000. Legend Financial Advisors Inc. acquired a new stake in PepsiCo during the second quarter worth $29,000. Frazier Financial Advisors LLC boosted its stake in PepsiCo by 85.3% during the second quarter. Frazier Financial Advisors LLC now owns 265 shares of the company’s stock worth $35,000 after buying an additional 122 shares in the last quarter. Finally, RMG Wealth Management LLC acquired a new stake in PepsiCo during the second quarter worth $45,000. Institutional investors own 73.07% of the company’s stock.

PepsiCo Stock Down 0.2%

Shares of NASDAQ:PEP opened at $140.17 on Tuesday. PepsiCo, Inc. has a 52 week low of $127.60 and a 52 week high of $177.50. 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 company’s fifty day moving average is $144.60 and its 200-day moving average is $139.53. The company has a market capitalization of $191.90 billion, a PE ratio of 25.53, a P/E/G ratio of 3.54 and a beta of 0.46.

PepsiCo (NASDAQ:PEP) last released its quarterly earnings results on Thursday, July 17th. The company reported $2.12 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.03 by $0.09. PepsiCo had a return on equity of 57.81% and a net margin of 8.23%.The business had revenue of $22.73 billion during the quarter, compared to analysts’ expectations of $22.28 billion. During the same period in the previous year, the business posted $2.28 earnings per share. The firm’s revenue for the quarter was up 1.0% compared to the same quarter last year. PepsiCo has set its FY 2025 guidance at 8.038-8.038 EPS. Equities research analysts predict that PepsiCo, Inc. will post 8.3 earnings per share for the current fiscal year.

PepsiCo Dividend Announcement

The firm also recently declared 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. This represents a $5.69 dividend on an annualized basis and a dividend yield of 4.1%. The ex-dividend date of this dividend is Friday, September 5th. PepsiCo’s payout ratio is currently 103.64%.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on PEP shares. Bank of America decreased their price target on shares of PepsiCo from $150.00 to $145.00 and set a “neutral” rating on the stock in a research note on Friday, July 11th. UBS Group decreased their price target on shares of PepsiCo from $175.00 to $170.00 and set a “buy” rating on the stock in a research note on Thursday, September 11th. Morgan Stanley lifted their price target on shares of PepsiCo from $153.00 to $165.00 and gave the stock an “equal weight” rating in a research note on Friday, July 18th. Wells Fargo & Company decreased their price target on shares of PepsiCo from $154.00 to $150.00 and set an “equal weight” rating on the stock in a research note on Thursday, September 25th. Finally, Barclays boosted their target price on shares of PepsiCo from $132.00 to $144.00 and gave the company an “equal weight” rating in a research note on Monday, July 21st. Four equities research analysts have rated the stock with a Buy rating, fourteen have issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the company has a consensus rating of “Hold” and an average price target of $158.13.

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.