Bogart Wealth LLC Increases Position in PepsiCo, Inc. $PEP

Bogart Wealth LLC lifted its holdings in shares of PepsiCo, Inc. (NASDAQ:PEP) by 7.9% in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The firm owned 3,729 shares of the company’s stock after buying an additional 272 shares during the period. Bogart Wealth LLC’s holdings in PepsiCo were worth $492,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. Financial Perspectives Inc lifted its position in PepsiCo by 9.7% during the 2nd quarter. Financial Perspectives Inc now owns 1,462 shares of the company’s stock worth $193,000 after acquiring an additional 129 shares during the period. Drive Wealth Management LLC raised its stake in shares of PepsiCo by 19.8% during the second quarter. Drive Wealth Management LLC now owns 1,941 shares of the company’s stock worth $256,000 after purchasing an additional 321 shares during the last quarter. Canvas Wealth Advisors LLC lifted its holdings in shares of PepsiCo by 9.9% during the second quarter. Canvas Wealth Advisors LLC now owns 1,961 shares of the company’s stock worth $278,000 after purchasing an additional 177 shares during the period. Schnieders Capital Management LLC grew its position in PepsiCo by 10.1% in the 2nd quarter. Schnieders Capital Management LLC now owns 38,164 shares of the company’s stock valued at $5,039,000 after buying an additional 3,502 shares during the last quarter. Finally, CORDA Investment Management LLC. increased its stake in PepsiCo by 8.5% in the 2nd quarter. CORDA Investment Management LLC. now owns 297,019 shares of the company’s stock valued at $39,218,000 after buying an additional 23,214 shares during the period. Institutional investors and hedge funds own 73.07% of the company’s stock.

PepsiCo Stock Down 0.0%

PepsiCo stock opened at $153.64 on Tuesday. PepsiCo, Inc. has a fifty-two week low of $127.60 and a fifty-two week high of $177.50. The firm has a market capitalization of $210.08 billion, a price-to-earnings ratio of 29.21, a price-to-earnings-growth ratio of 3.74 and a beta of 0.46. The stock’s fifty day moving average is $145.69 and its two-hundred day moving average is $139.29. 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 (NASDAQ:PEP) last released its quarterly earnings results on Thursday, October 9th. The company reported $2.29 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.26 by $0.03. The business had revenue of $23.94 billion during 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%.The business’s revenue was up 2.7% on a year-over-year basis. During the same quarter in the previous year, the company posted $2.31 EPS. PepsiCo has set its FY 2025 guidance at 8.120-8.120 EPS. Analysts predict that PepsiCo, Inc. will post 8.3 EPS for the current fiscal year.

PepsiCo Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, September 30th. Stockholders of record on Friday, September 5th were paid a dividend of $1.4225 per share. This represents a $5.69 dividend on an annualized basis 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

PEP has been the subject of a number of recent analyst reports. Cowen restated a “hold” rating on shares of PepsiCo in a research report on Thursday, July 17th. JPMorgan Chase & Co. reduced 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. Evercore ISI upped their price objective on PepsiCo from $150.00 to $152.00 in a report on Friday, October 10th. Deutsche Bank Aktiengesellschaft reissued a “buy” rating on shares of PepsiCo in a report on Thursday, July 17th. Finally, Bank of America upped their price target on shares of PepsiCo from $150.00 to $155.00 and gave the stock a “neutral” rating in a research note on Friday, October 10th. Six investment analysts have rated the stock with a Buy rating, fourteen have given a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, PepsiCo has an average rating of “Hold” and an average target price of $156.00.

PepsiCo Company 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.