Keudell Morrison Wealth Management Purchases 610 Shares of PepsiCo, Inc. $PEP

Keudell Morrison Wealth Management raised its position in shares of PepsiCo, Inc. (NASDAQ:PEP) by 13.4% in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 5,163 shares of the company’s stock after acquiring an additional 610 shares during the period. Keudell Morrison Wealth Management’s holdings in PepsiCo were worth $682,000 at the end of the most recent quarter.

A number of other institutional investors also recently made changes to their positions in PEP. Nova Wealth Management Inc. bought a new stake in shares of PepsiCo in the first quarter valued at approximately $25,000. Elite Financial Inc. bought a new stake in shares of PepsiCo in the first quarter valued at approximately $28,000. Legend Financial Advisors Inc. bought a new stake in shares of PepsiCo in the second quarter valued at approximately $29,000. Investment Research & Advisory Group Inc. boosted its stake in shares of PepsiCo by 263.6% in the second quarter. Investment Research & Advisory Group Inc. now owns 320 shares of the company’s stock valued at $42,000 after buying an additional 232 shares during the period. Finally, MorganRosel Wealth Management LLC bought a new stake in shares of PepsiCo in the first quarter valued at approximately $55,000. Institutional investors own 73.07% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on the company. JPMorgan Chase & Co. cut their price target on PepsiCo from $150.00 to $139.00 and set a “neutral” rating for the company in a research note on Thursday, July 10th. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating on shares of PepsiCo in a research note on Thursday, July 17th. Royal Bank Of Canada cut their price target on PepsiCo from $146.00 to $145.00 and set a “sector perform” rating for the company in a research note on Monday, September 15th. Wells Fargo & Company lowered their price objective on shares of PepsiCo from $154.00 to $150.00 and set an “equal weight” rating for the company in a research report on Thursday, September 25th. Finally, UBS Group lowered their price objective on shares of PepsiCo from $175.00 to $170.00 and set a “buy” rating for the company in a research report on Thursday, September 11th. Four investment analysts have rated the stock with a Buy rating, fourteen have issued a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat.com, PepsiCo has an average rating of “Hold” and a consensus target price of $157.87.

PepsiCo Stock Down 0.2%

Shares of NASDAQ:PEP opened at $141.98 on Friday. The company has a fifty day moving average of $144.36 and a 200-day moving average of $139.39. The company has a market capitalization of $194.38 billion, a PE ratio of 25.86, a price-to-earnings-growth ratio of 3.58 and a beta of 0.46. The company has a debt-to-equity ratio of 2.12, a quick ratio of 0.60 and a current ratio of 0.78. PepsiCo, Inc. has a 52-week low of $127.60 and a 52-week 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, topping the consensus estimate of $2.03 by $0.09. The company had revenue of $22.73 billion during the quarter, compared to the consensus estimate of $22.28 billion. PepsiCo had a net margin of 8.23% and a return on equity of 57.81%. The company’s revenue for the quarter was up 1.0% compared to the same quarter last year. During the same period in the prior year, the business earned $2.28 earnings per share. PepsiCo has set its FY 2025 guidance at 8.038-8.038 EPS. On average, equities analysts predict that PepsiCo, Inc. will post 8.3 EPS for the current fiscal year.

PepsiCo Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, September 30th. Stockholders of record on Friday, September 5th were issued a dividend of $1.4225 per share. The ex-dividend date was Friday, September 5th. This represents a $5.69 annualized dividend and a dividend yield of 4.0%. PepsiCo’s dividend payout ratio is 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.