Beverly Hills Private Wealth LLC Acquires 2,064 Shares of PepsiCo, Inc. $PEP

Beverly Hills Private Wealth LLC boosted its holdings in PepsiCo, Inc. (NASDAQ:PEP) by 6.2% during the 2nd quarter, HoldingsChannel.com reports. The institutional investor owned 35,482 shares of the company’s stock after purchasing an additional 2,064 shares during the period. PepsiCo accounts for approximately 0.9% of Beverly Hills Private Wealth LLC’s portfolio, making the stock its 22nd largest position. Beverly Hills Private Wealth LLC’s holdings in PepsiCo were worth $4,685,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. Nova Wealth Management Inc. acquired a new stake in PepsiCo during the first quarter worth about $25,000. Elite Financial Inc. acquired a new stake in shares of PepsiCo during the 1st quarter worth approximately $28,000. Legend Financial Advisors Inc. bought a new stake in shares of PepsiCo during the second quarter valued at approximately $29,000. Frazier Financial Advisors LLC raised its stake in shares of PepsiCo by 85.3% in the second quarter. Frazier Financial Advisors LLC now owns 265 shares of the company’s stock valued at $35,000 after purchasing an additional 122 shares in the last quarter. Finally, RMG Wealth Management LLC bought a new position in PepsiCo in the second quarter worth $45,000. 73.07% of the stock is owned by institutional investors.

PepsiCo Trading Up 0.7%

PEP opened at $153.71 on Monday. PepsiCo, Inc. has a 1-year low of $127.60 and a 1-year high of $177.50. The stock has a market capitalization of $210.17 billion, a PE ratio of 29.22, a PEG ratio of 3.74 and a beta of 0.46. The company has a current ratio of 0.91, a quick ratio of 0.72 and a debt-to-equity ratio of 2.26. The firm has a 50-day moving average price of $145.51 and a two-hundred day moving average price of $139.25.

PepsiCo (NASDAQ:PEP) last announced its earnings results on Thursday, October 9th. The company reported $2.29 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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%. PepsiCo’s quarterly revenue was up 2.7% on a year-over-year basis. During the same period in the prior year, the business earned $2.31 earnings per share. PepsiCo has set its FY 2025 guidance at 8.120-8.120 EPS. As a group, equities analysts anticipate that PepsiCo, Inc. will post 8.3 earnings per share for the current fiscal year.

PepsiCo Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, September 30th. Stockholders of record on Friday, September 5th were paid a $1.4225 dividend. 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 (DPR) is 108.17%.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on PEP. Evercore ISI increased their price objective on shares of PepsiCo from $150.00 to $152.00 in a research note on Friday, October 10th. Royal Bank Of Canada cut their price target on shares of PepsiCo from $146.00 to $145.00 and set a “sector perform” rating for the company in a research note on Monday, September 15th. JPMorgan Chase & Co. decreased their price objective on PepsiCo from $157.00 to $151.00 and set a “neutral” rating on the stock in a report on Monday, October 6th. Wells Fargo & Company increased their target price on PepsiCo from $150.00 to $154.00 and gave the stock a “positive” rating in a report on Friday, October 10th. Finally, Rothschild & Co Redburn lifted their price objective on PepsiCo from $115.00 to $117.00 and gave the company a “sell” rating in a report on Monday, October 13th. Six equities research analysts have rated the stock with a Buy rating, fourteen have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $156.00.

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.