United Asset Strategies Inc. Grows Stake in PepsiCo, Inc. $PEP

United Asset Strategies Inc. boosted its position in shares of PepsiCo, Inc. (NASDAQ:PEP) by 68.7% in the first quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 20,912 shares of the company’s stock after acquiring an additional 8,517 shares during the quarter. United Asset Strategies Inc.’s holdings in PepsiCo were worth $3,135,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Elite Financial Inc. purchased a new position in shares of PepsiCo in the first quarter worth approximately $28,000. Measured Risk Portfolios Inc. bought a new position in PepsiCo in the fourth quarter worth approximately $31,000. Sunbeam Capital Management LLC purchased a new position in shares of PepsiCo during the 4th quarter worth $47,000. MorganRosel Wealth Management LLC purchased a new stake in shares of PepsiCo in the 1st quarter worth $55,000. Finally, Migdal Insurance & Financial Holdings Ltd. bought a new position in PepsiCo in the 1st quarter worth $58,000. 73.07% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

PEP has been the subject of several recent research reports. Bank of America cut their price target on PepsiCo from $150.00 to $145.00 and set a “neutral” rating for the company in a report on Friday, July 11th. Morgan Stanley boosted their price objective on PepsiCo from $153.00 to $165.00 and gave the company an “equal weight” rating in a research note on Friday, July 18th. Cowen restated a “hold” rating on shares of PepsiCo in a research note on Thursday, July 17th. Barclays upped their price target on shares of PepsiCo from $132.00 to $144.00 and gave the stock an “equal weight” rating in a research report on Monday, July 21st. Finally, Deutsche Bank Aktiengesellschaft restated a “buy” rating on shares of PepsiCo in a research report on Thursday, July 17th. Four 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 stock. According to data from MarketBeat.com, PepsiCo presently has a consensus rating of “Hold” and an average target price of $158.73.

PepsiCo Trading Down 0.9%

PepsiCo stock opened at $150.73 on Thursday. PepsiCo, Inc. has a 1 year low of $127.60 and a 1 year high of $179.73. The firm’s 50 day moving average price is $138.61 and its 200-day moving average price is $140.63. The company has a debt-to-equity ratio of 2.12, a current ratio of 0.78 and a quick ratio of 0.60. The stock has a market cap of $206.36 billion, a P/E ratio of 27.46, a PEG ratio of 4.05 and a beta of 0.45.

PepsiCo (NASDAQ:PEP) last posted its earnings results on Thursday, July 17th. The company reported $2.12 earnings per share for the quarter, beating the consensus estimate of $2.03 by $0.09. The company had revenue of $22.73 billion during the quarter, compared to analysts’ expectations of $22.28 billion. PepsiCo had a net margin of 8.23% and a return on equity of 57.81%. PepsiCo’s quarterly revenue was up 1.0% on a year-over-year basis. During the same period last year, the company posted $2.28 earnings per share. PepsiCo has set its FY 2025 guidance at 8.038-8.038 EPS. On average, equities analysts predict 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 will be paid on Tuesday, September 30th. Investors of record on Friday, September 5th will be given a $1.4225 dividend. This represents a $5.69 dividend on an annualized basis and a dividend yield of 3.8%. The ex-dividend date is Friday, September 5th. PepsiCo’s payout ratio is currently 103.64%.

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.