Pinion Investment Advisors LLC Increases Holdings in PepsiCo, Inc. $PEP

Pinion Investment Advisors LLC increased its position in PepsiCo, Inc. (NASDAQ:PEP) by 3.3% in the 2nd quarter, according to the company in its most recent filing with the SEC. The fund owned 7,651 shares of the company’s stock after acquiring an additional 243 shares during the quarter. Pinion Investment Advisors LLC’s holdings in PepsiCo were worth $1,010,000 as of its most recent SEC filing.

Other large investors also recently added to or reduced their stakes in the company. Nova Wealth Management Inc. purchased a new stake in PepsiCo in the 1st quarter worth about $25,000. Elite Financial Inc. bought a new position in PepsiCo in the 1st quarter worth about $28,000. Legend Financial Advisors Inc. bought a new position in PepsiCo in the 2nd quarter worth about $29,000. RMG Wealth Management LLC bought a new position in PepsiCo in the 2nd quarter worth about $45,000. Finally, Investment Research & Advisory Group Inc. boosted its stake in PepsiCo by 263.6% in the 2nd quarter. Investment Research & Advisory Group Inc. now owns 320 shares of the company’s stock worth $42,000 after purchasing an additional 232 shares during the period. Hedge funds and other institutional investors own 73.07% of the company’s stock.

PepsiCo Stock Performance

Shares of PEP stock opened at $144.71 on Friday. The company has a debt-to-equity ratio of 2.12, a quick ratio of 0.60 and a current ratio of 0.78. PepsiCo, Inc. has a fifty-two week low of $127.60 and a fifty-two week high of $177.50. The stock has a 50 day moving average price of $144.32 and a two-hundred day moving average price of $139.29. The company has a market capitalization of $198.12 billion, a P/E ratio of 26.36, a PEG ratio of 3.50 and a beta of 0.46.

PepsiCo (NASDAQ:PEP) last announced its quarterly earnings data on Thursday, October 9th. The company reported $2.29 earnings per share for the quarter, beating the consensus estimate of $2.26 by $0.03. PepsiCo had a return on equity of 57.81% and a net margin of 8.23%.The firm had revenue of $23.94 billion during the quarter, compared to the consensus estimate of $23.91 billion. During the same quarter in the previous year, the company posted $2.31 earnings per share. The business’s revenue was up 2.7% on a year-over-year basis. PepsiCo has set its FY 2025 guidance at 8.120-8.120 EPS. Analysts expect that PepsiCo, Inc. will post 8.3 earnings per share for the current 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 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 3.9%. PepsiCo’s payout ratio is 103.64%.

Analyst Ratings Changes

PEP has been the subject of several analyst reports. JPMorgan Chase & Co. cut their target price on PepsiCo from $157.00 to $151.00 and set a “neutral” rating for the company in a research note on Monday. Wells Fargo & Company cut their target price on PepsiCo from $154.00 to $150.00 and set an “equal weight” rating for the company in a research note on Thursday, September 25th. Deutsche Bank Aktiengesellschaft restated a “buy” rating on shares of PepsiCo in a research note on Thursday, July 17th. Barclays reissued a “cautious” rating on shares of PepsiCo in a report on Friday, October 3rd. Finally, Morgan Stanley boosted their price objective on PepsiCo from $153.00 to $165.00 and gave the stock an “equal weight” rating in a report on Friday, July 18th. Four investment analysts have rated the stock with a Buy rating, fourteen have given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $158.13.

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.