Verdence Capital Advisors LLC Acquires 230 Shares of PepsiCo, Inc. $PEP

Verdence Capital Advisors LLC increased its stake in shares of PepsiCo, Inc. (NASDAQ:PEP) by 0.7% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 31,727 shares of the company’s stock after acquiring an additional 230 shares during the quarter. Verdence Capital Advisors LLC’s holdings in PepsiCo were worth $4,189,000 at the end of the most recent reporting period.

Other hedge funds have also recently bought and sold shares of the company. Nova Wealth Management Inc. acquired a new position in shares of PepsiCo during the first quarter valued at about $25,000. Elite Financial Inc. acquired a new stake in PepsiCo during the first quarter worth about $28,000. Legend Financial Advisors Inc. bought a new position in PepsiCo during the second quarter valued at about $29,000. Investment Research & Advisory Group Inc. raised its holdings in PepsiCo by 263.6% in the 2nd quarter. Investment Research & Advisory Group Inc. now owns 320 shares of the company’s stock valued at $42,000 after acquiring an additional 232 shares in the last quarter. Finally, RMG Wealth Management LLC bought a new stake in shares of PepsiCo in the 2nd quarter worth approximately $45,000. 73.07% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on PEP. BNP Paribas Exane reduced their target price on PepsiCo from $152.00 to $150.00 and set a “neutral” rating for the company in a research report on Monday, October 6th. JPMorgan Chase & Co. dropped their price target on shares of PepsiCo from $157.00 to $151.00 and set a “neutral” rating for the company in a research report on Monday, October 6th. Wells Fargo & Company lifted their price objective on PepsiCo from $150.00 to $154.00 and gave the company a “positive” rating in a report on Friday. Evercore ISI increased their target price on PepsiCo from $150.00 to $152.00 in a report on Friday. Finally, Morgan Stanley boosted their price target on PepsiCo from $153.00 to $165.00 and gave the company an “equal weight” rating in a research note on Friday, July 18th. Five analysts have rated the stock with a Buy rating and fourteen have given a Hold rating to the company. Based on data from MarketBeat.com, PepsiCo currently has a consensus rating of “Hold” and a consensus target price of $157.75.

PepsiCo Stock Performance

Shares of NASDAQ:PEP opened at $150.08 on Monday. The business has a fifty day moving average of $144.53 and a 200-day moving average of $139.19. The firm has a market cap of $205.47 billion, a PE ratio of 28.53, a price-to-earnings-growth ratio of 3.75 and a beta of 0.46. The company has a debt-to-equity ratio of 2.26, a quick ratio of 0.72 and a current ratio of 0.91. PepsiCo, Inc. has a twelve month low of $127.60 and a twelve month high of $177.50.

PepsiCo (NASDAQ:PEP) last issued its quarterly earnings data on Thursday, October 9th. The company reported $2.29 EPS for the quarter, topping analysts’ consensus estimates of $2.26 by $0.03. PepsiCo had a net margin of 7.82% and a return on equity of 57.58%. The firm had revenue of $23.94 billion for the quarter, compared to analyst estimates of $23.91 billion. During the same quarter in the prior year, the firm earned $2.31 EPS. The company’s revenue was up 2.7% on a year-over-year basis. PepsiCo has set its FY 2025 guidance at 8.120-8.120 EPS. On average, equities research analysts predict that PepsiCo, Inc. will post 8.3 EPS for the current fiscal year.

PepsiCo Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 30th. Investors of record on Friday, September 5th were given a $1.4225 dividend. This represents a $5.69 annualized dividend and a yield of 3.8%. The ex-dividend date was Friday, September 5th. PepsiCo’s payout ratio is 108.17%.

PepsiCo Company 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.