St. Louis Financial Planners Asset Management LLC Takes $2.84 Million Position in PepsiCo, Inc. $PEP

St. Louis Financial Planners Asset Management LLC acquired a new stake in shares of PepsiCo, Inc. (NASDAQ:PEP) in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 21,471 shares of the company’s stock, valued at approximately $2,835,000. PepsiCo comprises approximately 2.2% of St. Louis Financial Planners Asset Management LLC’s investment portfolio, making the stock its 14th largest position.

Other hedge funds have also recently made changes to their positions in the company. Nova Wealth Management Inc. bought a new stake in PepsiCo during the first quarter valued at approximately $25,000. Elite Financial Inc. bought a new stake in PepsiCo during the first quarter valued at approximately $28,000. Sunbeam Capital Management LLC bought a new stake in PepsiCo during the fourth quarter valued at approximately $47,000. MorganRosel Wealth Management LLC bought a new stake in PepsiCo during the first quarter valued at approximately $55,000. Finally, Migdal Insurance & Financial Holdings Ltd. bought a new stake in PepsiCo during the first quarter valued at approximately $58,000. 73.07% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on the stock. Cowen reiterated a “hold” rating on shares of PepsiCo in a research report on Thursday, July 17th. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating on shares of PepsiCo in a research report on Thursday, July 17th. Citigroup upped their price target on shares of PepsiCo from $160.00 to $168.00 and gave the stock a “buy” rating in a research report on Friday, July 18th. Morgan Stanley upped their price target on shares of PepsiCo from $153.00 to $165.00 and gave the stock an “equal weight” rating in a research report on Friday, July 18th. Finally, Bank of America dropped 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. Four analysts have rated the stock with a Buy rating, fourteen have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the company has an average rating of “Hold” and an average price target of $158.67.

PepsiCo Price Performance

PepsiCo stock opened at $140.64 on Tuesday. The company has a market cap of $192.55 billion, a price-to-earnings ratio of 25.62, a PEG ratio of 3.63 and a beta of 0.46. The firm’s fifty day moving average is $143.93 and its 200 day moving average is $140.35. The company has a quick ratio of 0.60, a current ratio of 0.78 and a debt-to-equity ratio of 2.12. PepsiCo, Inc. has a 52-week low of $127.60 and a 52-week high of $179.43.

PepsiCo (NASDAQ:PEP) last released its quarterly 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. PepsiCo had a net margin of 8.23% and a return on equity of 57.81%. The company had revenue of $22.73 billion for the quarter, compared to the consensus estimate of $22.28 billion. During the same quarter in the prior year, the firm earned $2.28 earnings per share. PepsiCo’s revenue was up 1.0% on a year-over-year basis. PepsiCo has set its FY 2025 guidance at 8.038-8.038 EPS. Sell-side analysts forecast that PepsiCo, Inc. will post 8.3 EPS for the current fiscal year.

PepsiCo Dividend Announcement

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