PepsiCo, Inc. $PEP Shares Purchased by Wingate Wealth Advisors Inc.

Wingate Wealth Advisors Inc. raised its stake in shares of PepsiCo, Inc. (NASDAQ:PEP) by 3.8% during the second quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 2,428 shares of the company’s stock after buying an additional 89 shares during the quarter. Wingate Wealth Advisors Inc.’s holdings in PepsiCo were worth $321,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of PEP. Nova Wealth Management Inc. purchased a new position in shares of PepsiCo during the 1st quarter worth $25,000. Elite Financial Inc. purchased a new position in shares of PepsiCo during the 1st quarter worth $28,000. Legend Financial Advisors Inc. purchased a new position in shares of PepsiCo during the 2nd quarter worth $29,000. Frazier Financial Advisors LLC lifted its stake in shares of PepsiCo by 85.3% during 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 period. Finally, Investment Research & Advisory Group Inc. lifted its stake 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 during the period. Institutional investors and hedge funds own 73.07% of the company’s stock.

PepsiCo Trading Up 0.7%

NASDAQ:PEP opened at $153.71 on Friday. The business’s 50-day moving average is $145.51 and its two-hundred day moving average is $139.33. The company has a debt-to-equity ratio of 2.26, a current ratio of 0.91 and a quick ratio of 0.72. PepsiCo, Inc. has a 12 month low of $127.60 and a 12 month high of $177.50. The firm has a market capitalization of $210.17 billion, a PE ratio of 29.22, a price-to-earnings-growth ratio of 3.74 and a beta of 0.46.

PepsiCo (NASDAQ:PEP) last released its quarterly earnings data on Thursday, October 9th. The company reported $2.29 EPS for the quarter, beating the consensus estimate of $2.26 by $0.03. The company had revenue of $23.94 billion for 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 firm’s revenue was up 2.7% compared to the same quarter last year. During the same period last year, the company posted $2.31 earnings per share. PepsiCo has set its FY 2025 guidance at 8.120-8.120 EPS. Research analysts predict that PepsiCo, Inc. will post 8.3 earnings per share for the current fiscal year.

PepsiCo Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, September 30th. Stockholders of record on Friday, September 5th were paid 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 3.7%. PepsiCo’s dividend payout ratio (DPR) is currently 108.17%.

Analyst Ratings Changes

Several research analysts recently weighed in on the company. JPMorgan Chase & Co. cut their target price on PepsiCo from $157.00 to $151.00 and set a “neutral” rating on the stock in a research report on Monday, October 6th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of PepsiCo in a research report on Tuesday, October 14th. The Goldman Sachs Group increased their target price on PepsiCo from $165.00 to $167.00 and gave the stock a “buy” rating in a research report on Friday, October 10th. Evercore ISI increased their target price on PepsiCo from $150.00 to $152.00 in a research report on Friday, October 10th. Finally, Piper Sandler increased their target price on PepsiCo from $160.00 to $162.00 and gave the stock an “overweight” rating in a research report on Friday, October 10th. Six analysts have rated the stock with a Buy rating, fourteen have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the company has a consensus rating of “Hold” and an average price target of $156.00.

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.