Beacon Financial Advisory LLC Purchases 464 Shares of PepsiCo, Inc. $PEP

Beacon Financial Advisory LLC raised its stake in shares of PepsiCo, Inc. (NASDAQ:PEP) by 20.9% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,684 shares of the company’s stock after purchasing an additional 464 shares during the period. Beacon Financial Advisory LLC’s holdings in PepsiCo were worth $354,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds also recently added to or reduced their stakes in PEP. Vanguard Group Inc. raised its position in PepsiCo by 1.4% during the 1st quarter. Vanguard Group Inc. now owns 135,174,252 shares of the company’s stock worth $20,268,027,000 after buying an additional 1,802,748 shares during the last quarter. Charles Schwab Investment Management Inc. increased its position in shares of PepsiCo by 5.0% in the first quarter. Charles Schwab Investment Management Inc. now owns 26,475,241 shares of the company’s stock valued at $3,969,698,000 after buying an additional 1,258,198 shares in the last quarter. Bank of New York Mellon Corp raised its position in PepsiCo by 0.4% during the first quarter. Bank of New York Mellon Corp now owns 14,062,857 shares of the company’s stock worth $2,108,585,000 after acquiring an additional 49,699 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its holdings in PepsiCo by 1.8% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 11,525,812 shares of the company’s stock worth $1,728,180,000 after buying an additional 208,292 shares during the last quarter. Finally, Invesco Ltd. increased its position in shares of PepsiCo by 4.5% during the first quarter. Invesco Ltd. now owns 11,328,158 shares of the company’s stock worth $1,698,544,000 after purchasing an additional 491,894 shares in the last quarter. 73.07% of the stock is currently owned by institutional investors.

PepsiCo Stock Down 0.2%

Shares of NASDAQ PEP opened at $141.98 on Monday. The company has a quick ratio of 0.60, a current ratio of 0.78 and a debt-to-equity ratio of 2.12. The firm has a 50-day moving average price of $144.36 and a 200 day moving average price of $139.34. PepsiCo, Inc. has a 52 week low of $127.60 and a 52 week high of $177.50. The stock has a market capitalization of $194.38 billion, a price-to-earnings ratio of 25.86, a price-to-earnings-growth ratio of 3.58 and a beta of 0.46.

PepsiCo (NASDAQ:PEP) last released its quarterly earnings data on Thursday, July 17th. The company reported $2.12 earnings per share for the quarter, beating the consensus estimate of $2.03 by $0.09. The firm had revenue of $22.73 billion during 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%.PepsiCo’s quarterly revenue was up 1.0% on a year-over-year basis. During the same period last year, the business posted $2.28 EPS. PepsiCo has set its FY 2025 guidance at 8.038-8.038 EPS. Equities research analysts anticipate that PepsiCo, Inc. will post 8.3 EPS for the current fiscal year.

PepsiCo Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, September 30th. Investors of record on Friday, September 5th were paid a dividend of $1.4225 per share. The ex-dividend date of this dividend was Friday, September 5th. This represents a $5.69 annualized dividend and a dividend yield of 4.0%. PepsiCo’s dividend payout ratio is presently 103.64%.

Analyst Ratings Changes

A number of brokerages have issued reports on PEP. Royal Bank Of Canada cut their target price on PepsiCo from $146.00 to $145.00 and set a “sector perform” rating for the company in a research note on Monday, September 15th. Citigroup lowered their target price on PepsiCo from $168.00 to $165.00 and set a “buy” rating for the company in a report on Thursday, September 25th. Cowen reaffirmed a “hold” rating on shares of PepsiCo in a research report on Thursday, July 17th. Barclays reissued a “cautious” rating on shares of PepsiCo in a research report on Friday. Finally, UBS Group decreased 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. Four equities research analysts have rated the stock with a Buy rating, fourteen have issued a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $157.87.

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.