Riverbend Wealth Management LLC Acquires 555 Shares of PepsiCo, Inc. $PEP

Riverbend Wealth Management LLC boosted its holdings in PepsiCo, Inc. (NASDAQ:PEP) by 13.6% in the second quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 4,629 shares of the company’s stock after buying an additional 555 shares during the quarter. Riverbend Wealth Management LLC’s holdings in PepsiCo were worth $611,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in PEP. Sage Private Wealth Group LLC raised its holdings in shares of PepsiCo by 28.1% during the second quarter. Sage Private Wealth Group LLC now owns 1,753 shares of the company’s stock valued at $232,000 after purchasing an additional 385 shares during the last quarter. Mattson Financial Services LLC grew its position in PepsiCo by 1.9% in the 2nd quarter. Mattson Financial Services LLC now owns 6,598 shares of the company’s stock worth $871,000 after purchasing an additional 120 shares during the period. Oxbow Advisors LLC raised its stake in PepsiCo by 1.7% during the 2nd quarter. Oxbow Advisors LLC now owns 9,944 shares of the company’s stock valued at $1,313,000 after buying an additional 169 shares during the last quarter. Smithbridge Asset Management Inc. DE lifted its holdings in shares of PepsiCo by 0.8% during the 2nd quarter. Smithbridge Asset Management Inc. DE now owns 26,177 shares of the company’s stock valued at $3,456,000 after buying an additional 216 shares during the period. Finally, TFC Financial Management Inc. boosted its stake in shares of PepsiCo by 59.3% in the 2nd quarter. TFC Financial Management Inc. now owns 1,740 shares of the company’s stock worth $230,000 after buying an additional 648 shares during the last quarter. 73.07% of the stock is currently owned by institutional investors.

PepsiCo Stock Performance

Shares of NASDAQ PEP opened at $152.67 on Friday. The company has a market cap of $208.75 billion, a P/E ratio of 29.02, a P/E/G ratio of 3.68 and a beta of 0.46. PepsiCo, Inc. has a 52-week low of $127.60 and a 52-week high of $177.50. The company has a debt-to-equity ratio of 2.26, a quick ratio of 0.72 and a current ratio of 0.91. The firm’s fifty day moving average is $145.34 and its two-hundred day moving average is $139.37.

PepsiCo (NASDAQ:PEP) last released its quarterly earnings data on Thursday, October 9th. The company reported $2.29 EPS for the quarter, beating the consensus estimate of $2.26 by $0.03. PepsiCo had a net margin of 7.82% and a return on equity of 57.58%. The business had revenue of $23.94 billion during the quarter, compared to the consensus estimate of $23.91 billion. During the same quarter in the prior year, the firm earned $2.31 EPS. 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. As a group, 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. Stockholders of record on Friday, September 5th were issued a dividend of $1.4225 per share. This represents a $5.69 annualized dividend and a dividend yield of 3.7%. The ex-dividend date of this dividend was Friday, September 5th. PepsiCo’s dividend payout ratio is 108.17%.

Analyst Upgrades and Downgrades

A number of analysts recently commented on PEP shares. Evercore ISI upped their price objective on PepsiCo from $150.00 to $152.00 in a research report on Friday, October 10th. Morgan Stanley boosted their price target on PepsiCo from $153.00 to $165.00 and gave the company an “equal weight” rating in a research note on Friday, July 18th. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating on shares of PepsiCo in a research note on Thursday, July 17th. UBS Group cut their target price on shares of PepsiCo from $175.00 to $170.00 and set a “buy” rating for the company in a research report on Thursday, September 11th. Finally, BNP Paribas Exane decreased 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, October 6th. Six analysts have rated the stock with a Buy rating, fourteen have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $156.00.

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.