Coerente Capital Management Buys 3,337 Shares of PepsiCo, Inc. $PEP

Coerente Capital Management boosted its holdings in PepsiCo, Inc. (NASDAQ:PEP) by 2.5% in the 2nd quarter, HoldingsChannel.com reports. The firm owned 136,603 shares of the company’s stock after purchasing an additional 3,337 shares during the period. PepsiCo comprises approximately 3.3% of Coerente Capital Management’s portfolio, making the stock its 15th largest holding. Coerente Capital Management’s holdings in PepsiCo were worth $18,037,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in the business. Nova Wealth Management Inc. purchased a new position in shares of PepsiCo in the first quarter valued at about $25,000. Elite Financial Inc. purchased a new position in shares of PepsiCo in the first quarter valued at about $28,000. Legend Financial Advisors Inc. purchased a new position in shares of PepsiCo in the second quarter valued at about $29,000. RMG Wealth Management LLC purchased a new position in shares of PepsiCo in the second quarter valued at about $45,000. Finally, Investment Research & Advisory Group Inc. increased its position in shares of PepsiCo by 263.6% in the second 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. 73.07% of the stock is owned by institutional investors.

PepsiCo Price Performance

Shares of NASDAQ PEP opened at $144.71 on Friday. PepsiCo, Inc. has a twelve month low of $127.60 and a twelve month high of $177.50. The firm has a market cap of $198.12 billion, a P/E ratio of 26.36, a PEG ratio of 3.50 and a beta of 0.46. The company has a 50 day moving average of $144.32 and a 200 day moving average of $139.29. The company has a quick ratio of 0.60, a current ratio of 0.78 and a debt-to-equity ratio of 2.12.

PepsiCo (NASDAQ:PEP) last announced its quarterly earnings data on Thursday, October 9th. The company reported $2.29 earnings per share for the quarter, topping analysts’ consensus estimates of $2.26 by $0.03. PepsiCo had a net margin of 8.23% and a return on equity of 57.81%. The company had revenue of $23.94 billion during the quarter, compared to analyst estimates of $23.91 billion. During the same period in the previous year, the business earned $2.31 EPS. The firm’s revenue for the quarter was up 2.7% on a year-over-year basis. PepsiCo has set its FY 2025 guidance at 8.120-8.120 EPS. As a group, research analysts expect that PepsiCo, Inc. will post 8.3 EPS for the current fiscal year.

PepsiCo Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, September 30th. Investors of record on Friday, September 5th were issued a $1.4225 dividend. This represents a $5.69 dividend on an annualized basis and a yield of 3.9%. The ex-dividend date was Friday, September 5th. PepsiCo’s payout ratio is presently 103.64%.

Analysts Set New Price Targets

PEP has been the topic of several research analyst reports. Morgan Stanley boosted their price target on shares of PepsiCo from $153.00 to $165.00 and gave the company an “equal weight” rating in a research report on Friday, July 18th. BNP Paribas Exane reduced their price target on shares of PepsiCo from $152.00 to $150.00 and set a “neutral” rating on the stock in a research report on Monday. Wells Fargo & Company reduced 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 report on Thursday, September 25th. Bank of America reduced their price target on shares of PepsiCo from $150.00 to $145.00 and set a “neutral” rating on the stock in a research report on Friday, July 11th. Finally, UBS Group reduced their price target on shares of PepsiCo from $175.00 to $170.00 and set a “buy” rating on the stock in a research report on Thursday, September 11th. 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 MarketBeat.com, the company has an average rating of “Hold” and a consensus target price 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.