19,772 Shares in PepsiCo, Inc. $PEP Purchased by Divergent Planning LLC

Divergent Planning LLC purchased a new position in shares of PepsiCo, Inc. (NASDAQ:PEP) in the second quarter, HoldingsChannel reports. The fund purchased 19,772 shares of the company’s stock, valued at approximately $2,611,000.

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

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on the stock. Deutsche Bank Aktiengesellschaft restated a “buy” rating on shares of PepsiCo in a research note on Thursday, July 17th. Rothschild & Co Redburn boosted their price target on PepsiCo from $115.00 to $117.00 and gave the stock a “sell” rating in a research report on Monday, October 13th. Bank of America raised their price objective on PepsiCo from $150.00 to $155.00 and gave the company a “neutral” rating in a research report on Friday, October 10th. Jefferies Financial Group boosted 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. Finally, The Goldman Sachs Group raised their price target on PepsiCo from $165.00 to $167.00 and gave the company a “buy” rating in a report on Friday, October 10th. 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 stock. According to MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $156.00.

PepsiCo Price Performance

Shares of PepsiCo stock opened at $153.64 on Tuesday. The company has a 50-day simple moving average of $145.69 and a two-hundred day simple moving average of $139.29. PepsiCo, Inc. has a twelve month low of $127.60 and a twelve month high of $177.50. The stock has a market capitalization of $210.08 billion, a price-to-earnings ratio of 29.21, a price-to-earnings-growth ratio of 3.74 and a beta of 0.46. The company has a quick ratio of 0.72, a current ratio of 0.91 and a debt-to-equity ratio of 2.26.

PepsiCo (NASDAQ:PEP) last released its quarterly earnings results on Thursday, October 9th. The company reported $2.29 earnings per share for the quarter, beating analysts’ consensus estimates of $2.26 by $0.03. The company had revenue of $23.94 billion during the quarter, compared to the consensus estimate of $23.91 billion. PepsiCo had a net margin of 7.82% and a return on equity of 57.58%. The firm’s quarterly revenue was up 2.7% on a year-over-year basis. During the same period in the previous year, the business earned $2.31 earnings per share. PepsiCo has set its FY 2025 guidance at 8.120-8.120 EPS. Analysts forecast that PepsiCo, Inc. will post 8.3 EPS for the current year.

PepsiCo Announces Dividend

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