Centurion Wealth Management LLC Purchases 75 Shares of PepsiCo, Inc. $PEP

Centurion Wealth Management LLC lifted its position in shares of PepsiCo, Inc. (NASDAQ:PEP) by 3.8% in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 2,068 shares of the company’s stock after acquiring an additional 75 shares during the quarter. Centurion Wealth Management LLC’s holdings in PepsiCo were worth $273,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in the company. Legacy Financial Group LLC raised its position in shares of PepsiCo by 4.9% during the first quarter. Legacy Financial Group LLC now owns 1,514 shares of the company’s stock worth $227,000 after acquiring an additional 71 shares during the last quarter. Pflug Koory LLC raised its position in shares of PepsiCo by 1.0% during the first quarter. Pflug Koory LLC now owns 7,750 shares of the company’s stock worth $1,162,000 after acquiring an additional 76 shares during the last quarter. Hoge Financial Services LLC raised its position in shares of PepsiCo by 2.1% during the first quarter. Hoge Financial Services LLC now owns 3,633 shares of the company’s stock worth $545,000 after acquiring an additional 76 shares during the last quarter. Members Trust Co increased its holdings in PepsiCo by 1.3% in the first quarter. Members Trust Co now owns 5,941 shares of the company’s stock valued at $891,000 after purchasing an additional 77 shares during the last quarter. Finally, Rothschild Investment LLC increased its holdings in PepsiCo by 0.5% in the first quarter. Rothschild Investment LLC now owns 15,873 shares of the company’s stock valued at $2,380,000 after purchasing an additional 78 shares during the last quarter. Institutional investors own 73.07% of the company’s stock.

PepsiCo Stock Down 0.5%

NASDAQ:PEP opened at $143.53 on Monday. PepsiCo, Inc. has a 1 year low of $127.60 and a 1 year high of $179.43. The company has a current ratio of 0.78, a quick ratio of 0.60 and a debt-to-equity ratio of 2.12. The stock has a market cap of $196.50 billion, a price-to-earnings ratio of 26.14, a PEG ratio of 3.63 and a beta of 0.46. The stock has a 50-day moving average price of $143.81 and a two-hundred day moving average price of $140.44.

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

PepsiCo Dividend Announcement

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

Analyst Ratings Changes

A number of equities research analysts recently commented on the company. Bank of America dropped their price objective on PepsiCo from $150.00 to $145.00 and set a “neutral” rating for the company in a report on Friday, July 11th. Royal Bank Of Canada reiterated a “sector perform” rating and issued a $146.00 price objective on shares of PepsiCo in a report on Wednesday, September 3rd. JPMorgan Chase & Co. dropped their price objective on PepsiCo from $150.00 to $139.00 and set a “neutral” rating for the company in a report on Thursday, July 10th. Citigroup upped their price objective on PepsiCo from $160.00 to $168.00 and gave the company a “buy” rating in a report on Friday, July 18th. Finally, Barclays upped their price objective on PepsiCo from $132.00 to $144.00 and gave the company an “equal weight” rating in a report on Monday, July 21st. Four 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 stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $158.67.

PepsiCo 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.