LMG Wealth Partners LLC Has $6.75 Million Stock Position in PepsiCo, Inc. $PEP

LMG Wealth Partners LLC lifted its holdings in PepsiCo, Inc. (NASDAQ:PEP) by 5.1% during the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 51,137 shares of the company’s stock after acquiring an additional 2,490 shares during the period. PepsiCo makes up approximately 1.4% of LMG Wealth Partners LLC’s investment portfolio, making the stock its 22nd largest position. LMG Wealth Partners LLC’s holdings in PepsiCo were worth $6,752,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also bought and sold shares of PEP. Nova Wealth Management Inc. bought a new stake in shares of PepsiCo in the first quarter valued at approximately $25,000. Elite Financial Inc. bought a new stake in shares of PepsiCo during the 1st quarter valued at $28,000. Legend Financial Advisors Inc. acquired a new stake in shares of PepsiCo during the 2nd quarter worth $29,000. Frazier Financial Advisors LLC increased its position in shares of PepsiCo by 85.3% in the second quarter. Frazier Financial Advisors LLC now owns 265 shares of the company’s stock worth $35,000 after purchasing an additional 122 shares during the period. Finally, RMG Wealth Management LLC acquired a new position in PepsiCo in the second quarter valued at about $45,000. Institutional investors and hedge funds own 73.07% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have commented on PEP shares. Deutsche Bank Aktiengesellschaft reissued a “buy” rating on shares of PepsiCo in a report on Thursday, July 17th. The Goldman Sachs Group lifted their price objective on shares of PepsiCo from $165.00 to $167.00 and gave the company a “buy” rating in a research note on Friday, October 10th. UBS Group cut their target price on PepsiCo from $175.00 to $170.00 and set a “buy” rating for the company in a research note on Thursday, September 11th. Cowen reaffirmed a “hold” rating on shares of PepsiCo in a report on Thursday, July 17th. Finally, JPMorgan Chase & Co. lowered their price target on PepsiCo from $157.00 to $151.00 and set a “neutral” rating for the company in a report on Monday, October 6th. Six research 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. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $156.00.

PepsiCo Stock Performance

NASDAQ PEP opened at $153.71 on Monday. The firm’s fifty day moving average price is $145.51 and its two-hundred day moving average price is $139.25. The stock has a market cap 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 debt-to-equity ratio of 2.26, a quick ratio of 0.72 and a current ratio of 0.91. PepsiCo, Inc. has a fifty-two week low of $127.60 and a fifty-two week high of $177.50.

PepsiCo (NASDAQ:PEP) last released 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. The company had revenue of $23.94 billion for the quarter, compared to the consensus estimate of $23.91 billion. PepsiCo had a return on equity of 57.58% and a net margin of 7.82%.PepsiCo’s revenue for the quarter was up 2.7% on a year-over-year basis. During the same quarter last year, the business posted $2.31 EPS. PepsiCo has set its FY 2025 guidance at 8.120-8.120 EPS. On average, equities analysts expect that PepsiCo, Inc. will post 8.3 EPS for the current fiscal year.

PepsiCo Dividend Announcement

The company also recently declared 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 was Friday, September 5th. PepsiCo’s payout ratio is 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.