Arista Wealth Management LLC Makes New $464,000 Investment in PepsiCo, Inc. $PEP

Arista Wealth Management LLC acquired a new stake in shares of PepsiCo, Inc. (NASDAQ:PEP) in the 2nd quarter, HoldingsChannel.com reports. The firm acquired 3,513 shares of the company’s stock, valued at approximately $464,000.

Several other large investors have also recently made changes to their positions in PEP. Koa Wealth Management LLC acquired a new position in PepsiCo during the second quarter worth $990,000. Riverbend Wealth Management LLC grew its holdings in shares of PepsiCo by 13.6% in the second quarter. Riverbend Wealth Management LLC now owns 4,629 shares of the company’s stock valued at $611,000 after purchasing an additional 555 shares during the period. Sage Private Wealth Group LLC grew its holdings in shares of PepsiCo by 28.1% in 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 period. Mattson Financial Services LLC boosted its stake in PepsiCo by 1.9% during the second quarter. Mattson Financial Services LLC now owns 6,598 shares of the company’s stock worth $871,000 after buying an additional 120 shares during the period. Finally, Oxbow Advisors LLC boosted its stake in PepsiCo by 1.7% during the second quarter. Oxbow Advisors LLC now owns 9,944 shares of the company’s stock worth $1,313,000 after buying an additional 169 shares during the period. 73.07% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several brokerages have recently issued reports on PEP. The Goldman Sachs Group increased their price target on shares of PepsiCo from $165.00 to $167.00 and gave the stock a “buy” rating in a research report on Friday, October 10th. 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. Evercore ISI increased their price target on shares of PepsiCo from $150.00 to $152.00 in a research report on Friday, October 10th. Wells Fargo & Company increased their price target on shares of PepsiCo from $150.00 to $154.00 and gave the stock a “positive” rating in a research report on Friday, October 10th. Finally, Jefferies Financial Group increased their price target on shares of PepsiCo from $161.00 to $163.00 and gave the stock a “hold” rating in a research report on Friday, October 10th. Six analysts have rated the stock with a Buy rating, fourteen have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $156.00.

PepsiCo Stock Up 0.7%

Shares of NASDAQ:PEP opened at $153.71 on Friday. The firm’s 50 day moving average price is $145.51 and its 200 day moving average price is $139.40. The stock has a market cap of $210.17 billion, a price-to-earnings ratio of 29.22, a price-to-earnings-growth ratio of 3.71 and a beta of 0.46. PepsiCo, Inc. has a fifty-two week low of $127.60 and a fifty-two 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.

PepsiCo (NASDAQ:PEP) last announced its quarterly earnings results on Thursday, October 9th. The company reported $2.29 EPS for the quarter, beating the consensus estimate of $2.26 by $0.03. The company had revenue of $23.94 billion for the quarter, compared to analyst estimates of $23.91 billion. PepsiCo had a net margin of 7.82% and a return on equity of 57.58%. The firm’s revenue was up 2.7% on a year-over-year basis. During the same period in the prior year, the firm posted $2.31 earnings per share. PepsiCo has set its FY 2025 guidance at 8.120-8.120 EPS. As a group, equities research analysts predict that PepsiCo, Inc. will post 8.3 earnings per share for the current fiscal year.

PepsiCo Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, September 30th. Shareholders of record on Friday, September 5th were paid a $1.4225 dividend. This represents a $5.69 annualized dividend and a yield of 3.7%. The ex-dividend date was Friday, September 5th. PepsiCo’s dividend payout ratio is currently 108.17%.

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.