PepsiCo, Inc. $PEP Shares Bought by Vicus Capital

Vicus Capital lifted its stake in shares of PepsiCo, Inc. (NASDAQ:PEP) by 21.4% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 3,099 shares of the company’s stock after acquiring an additional 547 shares during the quarter. Vicus Capital’s holdings in PepsiCo were worth $409,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. Dogwood Wealth Management LLC lifted its holdings in shares of PepsiCo by 15.4% in the second quarter. Dogwood Wealth Management LLC now owns 539 shares of the company’s stock valued at $73,000 after purchasing an additional 72 shares in the last quarter. Centurion Wealth Management LLC lifted its stake in PepsiCo by 3.8% in the 2nd quarter. Centurion Wealth Management LLC now owns 2,068 shares of the company’s stock worth $273,000 after acquiring an additional 75 shares in the last quarter. SK Wealth Management LLC boosted its position in PepsiCo by 3.3% during the 2nd quarter. SK Wealth Management LLC now owns 2,375 shares of the company’s stock worth $319,000 after acquiring an additional 75 shares during the period. Pflug Koory LLC grew its stake in PepsiCo by 1.0% during the 1st quarter. Pflug Koory LLC now owns 7,750 shares of the company’s stock valued at $1,162,000 after acquiring an additional 76 shares in the last quarter. Finally, Hoge Financial Services LLC increased its holdings in shares of PepsiCo by 2.1% in the 1st quarter. Hoge Financial Services LLC now owns 3,633 shares of the company’s stock valued at $545,000 after purchasing an additional 76 shares during the period. 73.07% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of research analysts recently commented on PEP shares. Citigroup lowered their price objective on shares of PepsiCo from $168.00 to $165.00 and set a “buy” rating on the stock in a research report on Thursday, September 25th. Morgan Stanley increased their price objective on PepsiCo from $153.00 to $165.00 and gave the stock an “equal weight” rating in a report on Friday, July 18th. Barclays lowered their target price on PepsiCo from $144.00 to $140.00 and set an “equal weight” rating on the stock in a research note on Thursday. UBS Group cut their price target on PepsiCo from $175.00 to $170.00 and set a “buy” rating for the company in a research note on Thursday, September 11th. Finally, Wells Fargo & Company cut their price objective on shares of PepsiCo from $154.00 to $150.00 and set an “equal weight” rating on the stock in a research report on Thursday, September 25th. Four analysts have rated the stock with a Buy rating, fourteen have assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $157.87.

PepsiCo Stock Down 0.6%

Shares of PEP stock opened at $142.31 on Friday. The stock’s 50 day simple moving average is $144.39 and its 200 day simple moving average is $139.50. PepsiCo, Inc. has a twelve month low of $127.60 and a twelve month high of $177.50. 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 company has a market capitalization of $194.83 billion, a price-to-earnings ratio of 25.92, a PEG ratio of 3.61 and a beta of 0.46.

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

PepsiCo Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, September 30th. Shareholders of record on Friday, September 5th were given a dividend of $1.4225 per share. The ex-dividend date of this dividend was Friday, September 5th. This represents a $5.69 dividend on an annualized basis 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.