PepsiCo, Inc. $PEP Shares Acquired by Ackerman Capital Advisors LLC

Ackerman Capital Advisors LLC grew its stake in PepsiCo, Inc. (NASDAQ:PEP) by 42.2% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 3,828 shares of the company’s stock after purchasing an additional 1,136 shares during the period. Ackerman Capital Advisors LLC’s holdings in PepsiCo were worth $505,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of PEP. Nova Wealth Management Inc. acquired a new position in PepsiCo during the first quarter worth $25,000. Elite Financial Inc. acquired a new position in PepsiCo during the first quarter worth $28,000. Legend Financial Advisors Inc. acquired a new position in PepsiCo during the second quarter worth $29,000. Investment Research & Advisory Group Inc. grew its holdings in PepsiCo by 263.6% during the second quarter. Investment Research & Advisory Group Inc. now owns 320 shares of the company’s stock worth $42,000 after acquiring an additional 232 shares during the period. Finally, RMG Wealth Management LLC acquired a new position in PepsiCo during the second quarter worth $45,000. Institutional investors and hedge funds own 73.07% of the company’s stock.

Analyst Ratings Changes

A number of brokerages recently weighed in on PEP. Cowen reaffirmed a “hold” rating on shares of PepsiCo in a report on Thursday, July 17th. Piper Sandler upped their target price on PepsiCo from $160.00 to $162.00 and gave the company an “overweight” rating in a report on Friday. Evercore ISI upped their target price on PepsiCo from $150.00 to $152.00 in a report on Friday. Citigroup lowered their target price on PepsiCo from $168.00 to $165.00 and set a “buy” rating on the stock in a report on Thursday, September 25th. Finally, Bank of America upped their target price on PepsiCo from $150.00 to $155.00 and gave the company a “neutral” rating in a report on Friday. Five analysts have rated the stock with a Buy rating and fourteen have issued a Hold rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $158.88.

PepsiCo Stock Performance

NASDAQ PEP opened at $150.08 on Friday. The business’s 50-day moving average price is $144.53 and its 200 day moving average price is $139.26. PepsiCo, Inc. has a twelve month low of $127.60 and a twelve month high of $177.50. The company has a market capitalization of $205.47 billion, a PE ratio of 28.53, a price-to-earnings-growth ratio of 3.76 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.

PepsiCo (NASDAQ:PEP) last released its earnings results on Thursday, October 9th. The company reported $2.29 earnings per share for the quarter, topping the consensus estimate of $2.26 by $0.03. The firm had revenue of $23.94 billion for the quarter, compared to the consensus estimate of $23.91 billion. PepsiCo had a return on equity of 58.46% and a net margin of 7.82%.The firm’s revenue for the quarter was up 2.7% compared to the same quarter last year. During the same period in the prior year, the business posted $2.31 earnings per share. PepsiCo has set its FY 2025 guidance at 8.120-8.120 EPS. On average, research 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 was paid on Tuesday, September 30th. Stockholders of record on Friday, September 5th were issued a $1.4225 dividend. This represents a $5.69 dividend on an annualized basis and a dividend yield of 3.8%. The ex-dividend date was Friday, September 5th. PepsiCo’s dividend payout ratio (DPR) 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.