Phraction Management LLC Boosts Position in PepsiCo, Inc. $PEP

Phraction Management LLC lifted its position in PepsiCo, Inc. (NASDAQ:PEP) by 9.6% in the second quarter, HoldingsChannel reports. The firm owned 13,303 shares of the company’s stock after buying an additional 1,168 shares during the period. Phraction Management LLC’s holdings in PepsiCo were worth $1,757,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of the company. Nova Wealth Management Inc. acquired a new stake in PepsiCo during the first quarter worth $25,000. Elite Financial Inc. acquired a new position in PepsiCo in the first quarter valued at about $28,000. Legend Financial Advisors Inc. acquired a new stake in shares of PepsiCo during the second quarter valued at about $29,000. Investment Research & Advisory Group Inc. raised its stake in shares of PepsiCo by 263.6% in 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 during the period. Finally, MorganRosel Wealth Management LLC purchased a new position in shares of PepsiCo during the 1st quarter worth approximately $55,000. 73.07% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on the company. Royal Bank Of Canada lowered their price target on PepsiCo from $146.00 to $145.00 and set a “sector perform” rating for the company in a research report on Monday, September 15th. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating on shares of PepsiCo in a report on Thursday, July 17th. Barclays cut their price objective on PepsiCo from $144.00 to $140.00 and set an “equal weight” rating on the stock in a research report on Thursday. Bank of America reduced their target price on shares of PepsiCo from $150.00 to $145.00 and set a “neutral” rating on the stock in a report on Friday, July 11th. Finally, Wells Fargo & Company lowered their target price on shares of PepsiCo from $154.00 to $150.00 and set an “equal weight” rating for the company in a research note on Thursday, September 25th. Four investment analysts have rated the stock with a Buy rating, fourteen have issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $157.87.

PepsiCo Price Performance

Shares of NASDAQ:PEP opened at $142.31 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. PepsiCo, Inc. has a 12 month low of $127.60 and a 12 month high of $177.50. The firm has a market capitalization of $194.83 billion, a P/E ratio of 25.92, a P/E/G ratio of 3.61 and a beta of 0.46. The company’s fifty day moving average price is $144.39 and its 200 day moving average price is $139.50.

PepsiCo (NASDAQ:PEP) last issued its quarterly earnings data on Thursday, July 17th. The company reported $2.12 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.03 by $0.09. The company had revenue of $22.73 billion for the quarter, compared to analyst estimates of $22.28 billion. PepsiCo had a return on equity of 57.81% and a net margin of 8.23%.The business’s quarterly revenue was up 1.0% compared to the same quarter last year. During the same quarter last year, the company posted $2.28 earnings per share. PepsiCo has set its FY 2025 guidance at 8.038-8.038 EPS. As a group, sell-side analysts predict that PepsiCo, Inc. will post 8.3 earnings per share for the current fiscal year.

PepsiCo Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, September 30th. Stockholders of record on Friday, September 5th were given a dividend of $1.4225 per share. The ex-dividend date was Friday, September 5th. This represents a $5.69 dividend on an annualized basis and a dividend yield of 4.0%. PepsiCo’s dividend payout ratio (DPR) is 103.64%.

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.