Sigma Investment Counselors Inc. Buys 239 Shares of PepsiCo, Inc. $PEP

Sigma Investment Counselors Inc. grew its stake in shares of PepsiCo, Inc. (NASDAQ:PEP) by 7.4% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 3,453 shares of the company’s stock after acquiring an additional 239 shares during the period. Sigma Investment Counselors Inc.’s holdings in PepsiCo were worth $456,000 at the end of the most recent quarter.

A number of other large investors also recently made changes to their positions in PEP. Nuveen LLC bought a new stake in shares of PepsiCo in the first quarter valued at about $946,978,000. Kingstone Capital Partners Texas LLC bought a new stake in PepsiCo in the 2nd quarter valued at about $460,110,000. Vanguard Group Inc. grew its position in shares of PepsiCo by 1.4% during the 1st quarter. Vanguard Group Inc. now owns 135,174,252 shares of the company’s stock worth $20,268,027,000 after purchasing an additional 1,802,748 shares in the last quarter. Charles Schwab Investment Management Inc. increased its holdings in shares of PepsiCo by 5.0% during the first quarter. Charles Schwab Investment Management Inc. now owns 26,475,241 shares of the company’s stock worth $3,969,698,000 after purchasing an additional 1,258,198 shares during the period. Finally, Deutsche Bank AG boosted its stake in shares of PepsiCo by 14.3% in the first quarter. Deutsche Bank AG now owns 9,296,022 shares of the company’s stock valued at $1,393,846,000 after buying an additional 1,165,745 shares during the period. Institutional investors own 73.07% of the company’s stock.

PepsiCo Stock Performance

Shares of PEP stock opened at $153.71 on Friday. PepsiCo, Inc. has a 12 month low of $127.60 and a 12 month high of $177.50. The stock has a market capitalization of $210.17 billion, a P/E ratio of 29.22, a PEG ratio of 3.74 and a beta of 0.46. 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 firm’s 50 day moving average is $145.51 and its 200 day moving average is $139.33.

PepsiCo (NASDAQ:PEP) last issued its earnings results on Thursday, October 9th. The company reported $2.29 earnings per share (EPS) for the quarter, beating 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 business had revenue of $23.94 billion for the quarter, compared to analysts’ expectations of $23.91 billion. During the same quarter in the previous year, the firm posted $2.31 EPS. The business’s revenue for the quarter was up 2.7% compared to the same quarter last year. PepsiCo has set its FY 2025 guidance at 8.120-8.120 EPS. On average, sell-side analysts anticipate that PepsiCo, Inc. will post 8.3 earnings per share for the current year.

PepsiCo Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, September 30th. Shareholders of record on Friday, September 5th were issued a dividend of $1.4225 per share. This represents a $5.69 dividend on an annualized basis and a yield of 3.7%. The ex-dividend date of this dividend was Friday, September 5th. PepsiCo’s payout ratio is presently 108.17%.

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on the company. Morgan Stanley increased their price target on PepsiCo from $153.00 to $165.00 and gave the stock an “equal weight” rating in a research report on Friday, July 18th. Jefferies Financial Group increased their target price on PepsiCo from $161.00 to $163.00 and gave the stock a “hold” rating in a report on Friday, October 10th. JPMorgan Chase & Co. dropped their price target on PepsiCo from $157.00 to $151.00 and set a “neutral” rating for the company in a research note on Monday, October 6th. Royal Bank Of Canada reduced their price objective on shares of PepsiCo from $146.00 to $145.00 and set a “sector perform” rating on the stock in a research note on Monday, September 15th. Finally, Wells Fargo & Company boosted their target price on shares of PepsiCo from $150.00 to $154.00 and gave the company a “positive” rating in a research report on Friday, October 10th. Six investment analysts have rated the stock with a Buy rating, fourteen have issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price 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.