Sage Private Wealth Group LLC Has $232,000 Position in PepsiCo, Inc. $PEP

Sage Private Wealth Group LLC boosted its holdings in PepsiCo, Inc. (NASDAQ:PEP) by 28.1% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,753 shares of the company’s stock after acquiring an additional 385 shares during the quarter. Sage Private Wealth Group LLC’s holdings in PepsiCo were worth $232,000 at the end of the most recent quarter.

A number of other institutional investors also recently added to or reduced their stakes in the stock. Nova Wealth Management Inc. bought a new position in shares of PepsiCo during the 1st quarter worth approximately $25,000. Elite Financial Inc. bought a new position in shares of PepsiCo during the first quarter valued at $28,000. Legend Financial Advisors Inc. acquired a new stake in shares of PepsiCo in the 2nd quarter valued at $29,000. Frazier Financial Advisors LLC grew its holdings in shares of PepsiCo by 85.3% in the 2nd quarter. Frazier Financial Advisors LLC now owns 265 shares of the company’s stock worth $35,000 after purchasing an additional 122 shares during the last quarter. Finally, Investment Research & Advisory Group Inc. increased its position in shares of PepsiCo by 263.6% during the 2nd quarter. Investment Research & Advisory Group Inc. now owns 320 shares of the company’s stock worth $42,000 after purchasing an additional 232 shares in the last quarter. 73.07% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several brokerages have weighed in on PEP. BNP Paribas Exane decreased their price objective on shares of PepsiCo from $152.00 to $150.00 and set a “neutral” rating on the stock in a research note on Monday, October 6th. Wells Fargo & Company increased their price target on PepsiCo from $150.00 to $154.00 and gave the stock a “positive” rating in a research report on Friday, October 10th. Evercore ISI raised their price target on PepsiCo from $150.00 to $152.00 in a report on Friday, October 10th. Bank of America boosted their price objective on PepsiCo from $150.00 to $155.00 and gave the stock a “neutral” rating in a research note on Friday, October 10th. Finally, JPMorgan Chase & Co. lowered their target price on PepsiCo from $157.00 to $151.00 and set a “neutral” rating for the company in a research note on Monday, October 6th. Six research analysts have rated the stock with a Buy rating, fourteen have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $156.00.

PepsiCo Trading Up 1.0%

NASDAQ PEP opened at $152.67 on Friday. PepsiCo, Inc. has a 12 month low of $127.60 and a 12 month high of $177.50. The stock has a 50-day simple moving average of $145.34 and a 200 day simple moving average of $139.37. The company has a current ratio of 0.91, a quick ratio of 0.72 and a debt-to-equity ratio of 2.26. The company has a market capitalization of $208.75 billion, a PE ratio of 29.02, a P/E/G ratio of 3.68 and a beta of 0.46.

PepsiCo (NASDAQ:PEP) last posted its earnings results on Thursday, October 9th. The company reported $2.29 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.26 by $0.03. The company had revenue of $23.94 billion during the quarter, compared to analyst estimates of $23.91 billion. PepsiCo had a return on equity of 57.58% and a net margin of 7.82%.The company’s revenue for the quarter was up 2.7% compared to the same quarter last year. During the same period in the previous year, the company earned $2.31 EPS. PepsiCo has set its FY 2025 guidance at 8.120-8.120 EPS. Research analysts forecast 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 issued a $1.4225 dividend. The ex-dividend date was Friday, September 5th. This represents a $5.69 annualized dividend and a yield of 3.7%. PepsiCo’s dividend payout ratio (DPR) is 108.17%.

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.