Signature Estate & Investment Advisors LLC Boosts Holdings in PepsiCo, Inc. $PEP

Signature Estate & Investment Advisors LLC increased its stake in shares of PepsiCo, Inc. (NASDAQ:PEP) by 4.4% in the second quarter, HoldingsChannel.com reports. The institutional investor owned 4,571 shares of the company’s stock after buying an additional 193 shares during the quarter. Signature Estate & Investment Advisors LLC’s holdings in PepsiCo were worth $604,000 as of its most recent filing with the SEC.

A number of other large investors have also added to or reduced their stakes in PEP. Nova Wealth Management Inc. bought a new position in PepsiCo during the first quarter worth about $25,000. Elite Financial Inc. bought a new position in PepsiCo during the first quarter worth about $28,000. Legend Financial Advisors Inc. bought a new position in PepsiCo during the second quarter worth about $29,000. Frazier Financial Advisors LLC boosted its position in PepsiCo by 85.3% during 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, Investment Research & Advisory Group Inc. boosted its position in PepsiCo by 263.6% during the second quarter. Investment Research & Advisory Group Inc. now owns 320 shares of the company’s stock worth $42,000 after purchasing an additional 232 shares during the period. Hedge funds and other institutional investors own 73.07% of the company’s stock.

Analysts Set New Price Targets

A number of analysts recently issued reports on the company. Weiss Ratings reissued a “hold (c)” rating on shares of PepsiCo in a report on Tuesday, October 14th. Royal Bank Of Canada cut their price objective on shares of PepsiCo from $146.00 to $145.00 and set a “sector perform” rating for the company in a research report on Monday, September 15th. Deutsche Bank Aktiengesellschaft restated a “buy” rating on shares of PepsiCo in a research report on Thursday, July 17th. Cowen restated a “hold” rating on shares of PepsiCo in a research report on Thursday, July 17th. Finally, HSBC raised their price objective on shares of PepsiCo from $145.00 to $152.00 and gave the company a “hold” rating in a research report on Friday, October 10th. Six equities research analysts have rated the stock with a Buy rating, fourteen have assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $156.00.

PepsiCo Trading Down 0.0%

Shares of PepsiCo stock opened at $153.64 on Tuesday. PepsiCo, Inc. has a 1 year low of $127.60 and a 1 year high of $177.50. The firm has a market cap of $210.08 billion, a PE ratio of 29.21, a PEG ratio of 3.74 and a beta of 0.46. The company has a debt-to-equity ratio of 2.26, a current ratio of 0.91 and a quick ratio of 0.72. The company has a 50 day simple moving average of $145.69 and a two-hundred day simple moving average of $139.29.

PepsiCo (NASDAQ:PEP) last announced its earnings results on Thursday, October 9th. The company reported $2.29 earnings per share (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 analyst estimates of $23.91 billion. During the same period in the previous year, the business posted $2.31 earnings per share. PepsiCo’s revenue for the quarter was up 2.7% on a year-over-year basis. PepsiCo has set its FY 2025 guidance at 8.120-8.120 EPS. Analysts expect that PepsiCo, Inc. will post 8.3 earnings per share for the current fiscal year.

PepsiCo Dividend Announcement

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