Bill Few Associates Inc. Raises Stock Holdings in PepsiCo, Inc. $PEP

Bill Few Associates Inc. increased its position in PepsiCo, Inc. (NASDAQ:PEP) by 2.2% in the second quarter, HoldingsChannel.com reports. The fund owned 26,285 shares of the company’s stock after buying an additional 564 shares during the period. Bill Few Associates Inc.’s holdings in PepsiCo were worth $3,471,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in PEP. Brighton Jones LLC raised its stake in shares of PepsiCo by 12.4% during the 4th quarter. Brighton Jones LLC now owns 59,392 shares of the company’s stock valued at $9,031,000 after buying an additional 6,574 shares during the last quarter. GAMMA Investing LLC raised its stake in shares of PepsiCo by 28.1% during the 1st quarter. GAMMA Investing LLC now owns 30,603 shares of the company’s stock valued at $4,589,000 after buying an additional 6,712 shares during the last quarter. Opal Wealth Advisors LLC purchased a new position in shares of PepsiCo during the 1st quarter valued at about $121,000. Missouri Trust & Investment Co raised its stake in shares of PepsiCo by 20.8% during the 1st quarter. Missouri Trust & Investment Co now owns 8,762 shares of the company’s stock valued at $1,314,000 after buying an additional 1,507 shares during the last quarter. Finally, Tcfg Wealth Management LLC raised its stake in shares of PepsiCo by 115.7% during the 1st quarter. Tcfg Wealth Management LLC now owns 4,180 shares of the company’s stock valued at $627,000 after buying an additional 2,242 shares during the last quarter. Hedge funds and other institutional investors own 73.07% of the company’s stock.

PepsiCo Price Performance

NASDAQ:PEP opened at $150.08 on Monday. PepsiCo, Inc. has a 52 week low of $127.60 and a 52 week high of $177.50. The company has a quick ratio of 0.72, a current ratio of 0.91 and a debt-to-equity ratio of 2.26. The stock has a market capitalization of $205.47 billion, a PE ratio of 28.53, a price-to-earnings-growth ratio of 3.75 and a beta of 0.46. The stock’s 50-day moving average price is $144.53 and its 200-day moving average price is $139.19.

PepsiCo (NASDAQ:PEP) last posted its quarterly earnings data on Thursday, October 9th. The company reported $2.29 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.26 by $0.03. PepsiCo had a return on equity of 57.58% and a net margin of 7.82%.The company had revenue of $23.94 billion for the quarter, compared to analysts’ expectations of $23.91 billion. During the same period in the previous year, the firm posted $2.31 EPS. PepsiCo’s revenue was up 2.7% compared to the same quarter last year. PepsiCo has set its FY 2025 guidance at 8.120-8.120 EPS. As a group, equities analysts expect 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 issued a $1.4225 dividend. This represents a $5.69 annualized dividend and a yield of 3.8%. The ex-dividend date was Friday, September 5th. PepsiCo’s payout ratio is presently 108.17%.

Analyst Ratings Changes

A number of equities analysts have weighed in on the company. Bank of America lifted their price objective on PepsiCo from $150.00 to $155.00 and gave the company a “neutral” rating in a research note on Friday. Weiss Ratings reiterated a “hold (c-)” rating on shares of PepsiCo in a research note on Saturday, September 27th. Barclays lifted their price objective on PepsiCo from $140.00 to $142.00 and gave the company an “equal weight” rating in a research note on Friday. Wells Fargo & Company raised their target price on PepsiCo from $150.00 to $154.00 and gave the company a “positive” rating in a research report on Friday. Finally, Jefferies Financial Group raised their target price on PepsiCo from $161.00 to $163.00 and gave the company a “hold” rating in a research report on Friday. Five investment analysts have rated the stock with a Buy rating and fourteen have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $157.75.

PepsiCo Company 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.