Wealth Alliance Advisory Group LLC Grows Position in PepsiCo, Inc. $PEP

Wealth Alliance Advisory Group LLC increased its position in shares of PepsiCo, Inc. (NASDAQ:PEP) by 2.3% during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 12,657 shares of the company’s stock after buying an additional 282 shares during the quarter. Wealth Alliance Advisory Group LLC’s holdings in PepsiCo were worth $1,671,000 as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. Nova Wealth Management Inc. purchased a new position in PepsiCo during the 1st quarter worth approximately $25,000. Elite Financial Inc. purchased a new position in shares of PepsiCo in the 1st quarter valued at approximately $28,000. Sunbeam Capital Management LLC purchased a new position in shares of PepsiCo in the 4th quarter valued at approximately $47,000. MorganRosel Wealth Management LLC purchased a new position in shares of PepsiCo in the 1st quarter valued at approximately $55,000. Finally, Migdal Insurance & Financial Holdings Ltd. purchased a new position in shares of PepsiCo in the 1st quarter valued at approximately $58,000. Hedge funds and other institutional investors own 73.07% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have weighed in on the company. JPMorgan Chase & Co. lowered their target price on PepsiCo from $150.00 to $139.00 and set a “neutral” rating on the stock in a research note on Thursday, July 10th. Morgan Stanley lifted their target price on PepsiCo from $153.00 to $165.00 and gave the company an “equal weight” rating in a research note on Friday, July 18th. Citigroup lifted their target price on PepsiCo from $160.00 to $168.00 and gave the company a “buy” rating in a research note on Friday, July 18th. Royal Bank Of Canada reiterated a “sector perform” rating and issued a $146.00 target price on shares of PepsiCo in a research note on Wednesday, September 3rd. Finally, Deutsche Bank Aktiengesellschaft restated a “buy” rating on shares of PepsiCo in a research note on Thursday, July 17th. Four 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 stock. Based on data from MarketBeat.com, PepsiCo currently has a consensus rating of “Hold” and a consensus target price of $158.67.

PepsiCo Stock Down 0.5%

PepsiCo stock opened at $143.53 on Friday. The company has a debt-to-equity ratio of 2.12, a current ratio of 0.78 and a quick ratio of 0.60. PepsiCo, Inc. has a 1-year low of $127.60 and a 1-year high of $179.43. The company has a market cap of $196.50 billion, a PE ratio of 26.14, a price-to-earnings-growth ratio of 3.65 and a beta of 0.46. The stock’s 50 day moving average price is $143.81 and its 200 day moving average price is $140.52.

PepsiCo (NASDAQ:PEP) last posted its quarterly earnings results on Thursday, July 17th. The company reported $2.12 earnings per share for the quarter, beating analysts’ consensus estimates of $2.03 by $0.09. The firm had revenue of $22.73 billion for the quarter, compared to the consensus estimate of $22.28 billion. PepsiCo had a return on equity of 57.81% and a net margin of 8.23%.The company’s revenue for the quarter was up 1.0% compared to the same quarter last year. During the same period in the previous year, the business earned $2.28 earnings per share. PepsiCo has set its FY 2025 guidance at 8.038-8.038 EPS. On average, sell-side analysts predict that PepsiCo, Inc. will post 8.3 EPS for the current fiscal year.

PepsiCo Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 30th. Investors of record on Friday, September 5th will be issued a dividend of $1.4225 per share. The ex-dividend date of this dividend is Friday, September 5th. This represents a $5.69 annualized dividend and a yield of 4.0%. PepsiCo’s payout ratio is currently 103.64%.

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.