S.E.E.D. Planning Group LLC Raises Stake in PepsiCo, Inc. $PEP

S.E.E.D. Planning Group LLC raised its position in PepsiCo, Inc. (NASDAQ:PEP) by 119.2% in the second quarter, Holdings Channel reports. The fund owned 23,476 shares of the company’s stock after buying an additional 12,766 shares during the period. S.E.E.D. Planning Group LLC’s holdings in PepsiCo were worth $3,100,000 as of its most recent SEC filing.

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

PepsiCo Stock Performance

Shares of PEP opened at $143.53 on Monday. The company has a debt-to-equity ratio of 2.12, a quick ratio of 0.60 and a current ratio of 0.78. The stock has a market capitalization of $196.50 billion, a P/E ratio of 26.14, a P/E/G ratio of 3.63 and a beta of 0.46. The company’s fifty day moving average is $143.81 and its two-hundred day moving average is $140.44. PepsiCo, Inc. has a 1 year low of $127.60 and a 1 year high of $179.43.

PepsiCo (NASDAQ:PEP) last announced its quarterly earnings data on Thursday, July 17th. The company reported $2.12 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.03 by $0.09. The company had revenue of $22.73 billion for 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 revenue was up 1.0% compared to the same quarter last year. During the same period in the previous year, the company posted $2.28 EPS. 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 earnings per share for the current year.

PepsiCo Announces Dividend

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

Wall Street Analyst Weigh In

Several analysts recently commented on the stock. Wells Fargo & Company upped their price target on shares of PepsiCo from $140.00 to $154.00 and gave the company an “equal weight” rating in a research report on Friday, July 18th. Bank of America reduced their price target on shares of PepsiCo from $150.00 to $145.00 and set a “neutral” rating for the company in a research report on Friday, July 11th. Royal Bank Of Canada reiterated a “sector perform” rating and issued a $146.00 price target on shares of PepsiCo in a research report on Wednesday, September 3rd. Citigroup upped their price target on shares of PepsiCo from $160.00 to $168.00 and gave the company a “buy” rating in a research report on Friday, July 18th. Finally, Morgan Stanley upped their price target on shares of PepsiCo from $153.00 to $165.00 and gave the company an “equal weight” rating in a research report on Friday, July 18th. Four 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’s stock. According to MarketBeat.com, PepsiCo currently has a consensus rating of “Hold” and an average target price of $158.67.

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.