PepsiCo, Inc. $PEP Stock Position Lifted by RKL Wealth Management LLC

RKL Wealth Management LLC boosted its stake in shares of PepsiCo, Inc. (NASDAQ:PEP) by 2.7% during the second quarter, according to its most recent disclosure with the SEC. The institutional investor owned 14,250 shares of the company’s stock after purchasing an additional 372 shares during the period. RKL Wealth Management LLC’s holdings in PepsiCo were worth $1,882,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in PEP. Brighton Jones LLC grew its holdings in shares of PepsiCo by 12.4% in the 4th quarter. Brighton Jones LLC now owns 59,392 shares of the company’s stock worth $9,031,000 after purchasing an additional 6,574 shares during the last quarter. RFG Advisory LLC lifted its position in PepsiCo by 5.8% during the 1st quarter. RFG Advisory LLC now owns 16,335 shares of the company’s stock worth $2,449,000 after buying an additional 898 shares in the last quarter. Hennion & Walsh Asset Management Inc. lifted its position in PepsiCo by 32.5% during the 1st quarter. Hennion & Walsh Asset Management Inc. now owns 13,600 shares of the company’s stock valued at $2,039,000 after purchasing an additional 3,332 shares during the period. Triangle Securities Wealth Management lifted its position in PepsiCo by 1.6% during the 1st quarter. Triangle Securities Wealth Management now owns 20,108 shares of the company’s stock valued at $3,015,000 after purchasing an additional 307 shares during the period. Finally, Apella Capital LLC lifted its position in PepsiCo by 126.1% during the 1st quarter. Apella Capital LLC now owns 22,596 shares of the company’s stock valued at $3,290,000 after purchasing an additional 12,601 shares during the period. 73.07% of the stock is currently owned by institutional investors and hedge funds.

PepsiCo Trading Up 1.9%

Shares of PepsiCo stock opened at $143.14 on Thursday. The firm has a market capitalization of $195.97 billion, a PE ratio of 26.07, a price-to-earnings-growth ratio of 3.54 and a beta of 0.46. 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 firm’s 50 day moving average is $144.43 and its 200 day moving average is $139.56. PepsiCo, Inc. has a 1 year low of $127.60 and a 1 year high of $177.50.

PepsiCo (NASDAQ:PEP) last announced its quarterly earnings results 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 analyst estimates of $22.28 billion. PepsiCo had a net margin of 8.23% and a return on equity of 57.81%. The firm’s revenue was up 1.0% on a year-over-year basis. During the same period in the previous year, the firm posted $2.28 EPS. PepsiCo has set its FY 2025 guidance at 8.038-8.038 EPS. Equities research analysts forecast that PepsiCo, Inc. will post 8.3 earnings per share for the current fiscal year.

PepsiCo Dividend Announcement

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

Wall Street Analysts Forecast Growth

PEP has been the topic of a number of analyst reports. Morgan Stanley increased 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. Cowen reaffirmed a “hold” rating on shares of PepsiCo in a research note on Thursday, July 17th. UBS Group decreased their price target on shares of PepsiCo from $175.00 to $170.00 and set a “buy” rating for the company in a research note on Thursday, September 11th. Wells Fargo & Company decreased their target price on shares of PepsiCo from $154.00 to $150.00 and set an “equal weight” rating for the company in a research note on Thursday, September 25th. Finally, Citigroup decreased their target price on shares of PepsiCo from $168.00 to $165.00 and set a “buy” rating for the company in a research note on Thursday, September 25th. Four equities research analysts have rated the stock with a Buy rating, fourteen have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, PepsiCo has a consensus rating of “Hold” and an average target price of $158.13.

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.