PepsiCo, Inc. $PEP Stake Boosted by Secured Retirement Advisors LLC

Secured Retirement Advisors LLC increased its stake in PepsiCo, Inc. (NASDAQ:PEP) by 41.8% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,770 shares of the company’s stock after purchasing an additional 817 shares during the quarter. Secured Retirement Advisors LLC’s holdings in PepsiCo were worth $366,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently bought and sold shares of PEP. Nova Wealth Management Inc. acquired a new stake in PepsiCo during the 1st quarter worth about $25,000. Elite Financial Inc. acquired a new stake in PepsiCo during the 1st quarter worth about $28,000. Legend Financial Advisors Inc. acquired a new stake in PepsiCo during the 2nd quarter worth about $29,000. Investment Research & Advisory Group Inc. boosted its position in PepsiCo by 263.6% during the 2nd quarter. Investment Research & Advisory Group Inc. now owns 320 shares of the company’s stock worth $42,000 after acquiring an additional 232 shares during the period. Finally, RMG Wealth Management LLC acquired a new stake in shares of PepsiCo during the 2nd quarter valued at about $45,000. Hedge funds and other institutional investors own 73.07% of the company’s stock.

PepsiCo Stock Performance

Shares of PEP opened at $140.79 on Wednesday. The company has a 50-day simple moving average of $144.26 and a two-hundred day simple moving average of $139.31. PepsiCo, Inc. has a one year low of $127.60 and a one year high of $177.50. The firm has a market capitalization of $192.75 billion, a PE ratio of 25.64, a price-to-earnings-growth ratio of 3.53 and a beta of 0.46. 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 (NASDAQ:PEP) last announced its quarterly earnings results 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 company had revenue of $22.73 billion during the quarter, compared to the consensus estimate of $22.28 billion. PepsiCo had a net margin of 8.23% and a return on equity of 57.81%. The firm’s quarterly revenue was up 1.0% compared to the same quarter last year. During the same quarter last year, the firm earned $2.28 earnings per share. PepsiCo has set its FY 2025 guidance at 8.038-8.038 EPS. On average, analysts anticipate that PepsiCo, Inc. will post 8.3 EPS for the current fiscal year.

PepsiCo Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, September 30th. Shareholders of record on Friday, September 5th were paid 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 yield of 4.0%. PepsiCo’s payout ratio is currently 103.64%.

Wall Street Analysts Forecast Growth

A number of research firms have commented on PEP. BNP Paribas Exane reduced their price objective on PepsiCo from $152.00 to $150.00 and set a “neutral” rating on the stock in a research note on Monday. Bank of America dropped their price target on PepsiCo from $150.00 to $145.00 and set a “neutral” rating for the company in a report on Friday, July 11th. Wells Fargo & Company decreased their price target on PepsiCo from $154.00 to $150.00 and set an “equal weight” rating on the stock in a research note on Thursday, September 25th. UBS Group cut their target price on PepsiCo from $175.00 to $170.00 and set a “buy” rating on the stock in a report on Thursday, September 11th. Finally, JPMorgan Chase & Co. dropped their price target on PepsiCo from $157.00 to $151.00 and set a “neutral” rating on the stock in a research note on Monday. Four research analysts have rated the stock with a Buy rating, fifteen have assigned a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat.com, the stock currently 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.