Altus Wealth Group LLC Acquires 79 Shares of PepsiCo, Inc. $PEP

Altus Wealth Group LLC boosted its holdings in shares of PepsiCo, Inc. (NASDAQ:PEP) by 1.1% during the 2nd quarter, HoldingsChannel.com reports. The fund owned 7,078 shares of the company’s stock after purchasing an additional 79 shares during the period. Altus Wealth Group LLC’s holdings in PepsiCo were worth $935,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of the company. Brighton Jones LLC raised its holdings in PepsiCo by 12.4% during the fourth quarter. Brighton Jones LLC now owns 59,392 shares of the company’s stock worth $9,031,000 after acquiring an additional 6,574 shares in the last quarter. GAMMA Investing LLC grew its position in shares of PepsiCo by 28.1% in the first quarter. GAMMA Investing LLC now owns 30,603 shares of the company’s stock valued at $4,589,000 after purchasing an additional 6,712 shares during the last quarter. Advisor Resource Council acquired a new stake in PepsiCo during the first quarter worth approximately $819,000. GAM Holding AG grew its position in PepsiCo by 62.3% during the first quarter. GAM Holding AG now owns 11,413 shares of the company’s stock worth $1,711,000 after buying an additional 4,383 shares in the last quarter. Finally, Cullinan Associates Inc. grew its position in PepsiCo by 4.2% during the first quarter. Cullinan Associates Inc. now owns 27,493 shares of the company’s stock worth $4,122,000 after buying an additional 1,100 shares in the last quarter. 73.07% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of equities research analysts have weighed in on PEP shares. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating on shares of PepsiCo in a report on Thursday, July 17th. Citigroup lowered their price objective on PepsiCo from $168.00 to $165.00 and set a “buy” rating for the company in a research report on Thursday, September 25th. Wells Fargo & Company raised their target price on PepsiCo from $150.00 to $154.00 and gave the company a “positive” rating in a research note on Friday, October 10th. Bank of America lifted their price target on PepsiCo from $150.00 to $155.00 and gave the company a “neutral” rating in a research note on Friday, October 10th. Finally, Royal Bank Of Canada dropped their target price on shares of PepsiCo from $146.00 to $145.00 and set a “sector perform” rating on the stock in a research report on Monday, September 15th. Six equities research analysts have rated the stock with a Buy rating, fourteen have given a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $156.00.

PepsiCo Stock Up 0.7%

Shares of NASDAQ:PEP opened at $153.71 on Monday. The firm has a fifty day moving average of $145.51 and a 200 day moving average of $139.25. 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 52-week low of $127.60 and a 52-week 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 posted its earnings results on Thursday, October 9th. The company reported $2.29 earnings per share for the quarter, topping analysts’ consensus estimates 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 net margin of 7.82% and a return on equity of 57.58%. PepsiCo’s revenue for the quarter was up 2.7% on a year-over-year basis. 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. As a group, research analysts anticipate that PepsiCo, Inc. will post 8.3 EPS for the current fiscal year.

PepsiCo Announces Dividend

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