apricus wealth LLC Boosts Stock Position in PepsiCo, Inc. $PEP

apricus wealth LLC raised its stake in shares of PepsiCo, Inc. (NASDAQ:PEP) by 12.3% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 4,094 shares of the company’s stock after buying an additional 450 shares during the quarter. apricus wealth LLC’s holdings in PepsiCo were worth $541,000 at the end of the most recent quarter.

A number of other institutional investors have also recently modified their holdings of the stock. Nova Wealth Management Inc. bought a new position in PepsiCo in the 1st quarter worth about $25,000. Elite Financial Inc. bought a new stake in PepsiCo in the 1st quarter worth about $28,000. Legend Financial Advisors Inc. purchased a new position in shares of PepsiCo during the second quarter valued at approximately $29,000. Frazier Financial Advisors LLC boosted its holdings in PepsiCo by 85.3% in the second 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, RMG Wealth Management LLC bought a new stake in PepsiCo in the 2nd quarter worth approximately $45,000. 73.07% of the stock is owned by hedge funds and other institutional investors.

PepsiCo Trading Down 0.0%

PepsiCo stock opened at $153.64 on Tuesday. The company has a current ratio of 0.91, a quick ratio of 0.72 and a debt-to-equity ratio of 2.26. 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 $210.08 billion, a price-to-earnings ratio of 29.21, a P/E/G ratio of 3.74 and a beta of 0.46. The firm has a 50 day moving average of $145.69 and a 200 day moving average of $139.29.

PepsiCo (NASDAQ:PEP) last posted its quarterly 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. PepsiCo had a net margin of 7.82% and a return on equity of 57.58%. The business had revenue of $23.94 billion during the quarter, compared to analyst estimates of $23.91 billion. During the same period in the prior year, the business posted $2.31 earnings per share. The company’s revenue was up 2.7% on a year-over-year basis. PepsiCo has set its FY 2025 guidance at 8.120-8.120 EPS. As a group, research analysts predict that PepsiCo, Inc. will post 8.3 earnings per share for the current year.

PepsiCo Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, September 30th. Stockholders of record on Friday, September 5th were given a $1.4225 dividend. This represents a $5.69 annualized dividend and a dividend yield of 3.7%. The ex-dividend date was Friday, September 5th. PepsiCo’s payout ratio is presently 108.17%.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on PEP shares. Morgan Stanley raised their price target on PepsiCo from $153.00 to $165.00 and gave the stock an “equal weight” rating in a research note on Friday, July 18th. Jefferies Financial Group boosted their price target on PepsiCo from $161.00 to $163.00 and gave the company a “hold” rating in a research note on Friday, October 10th. Wells Fargo & Company increased their price objective on shares of PepsiCo from $150.00 to $154.00 and gave the stock a “positive” rating in a research note on Friday, October 10th. Bank of America boosted their target price on shares of PepsiCo from $150.00 to $155.00 and gave the company a “neutral” rating in a research report on Friday, October 10th. Finally, JPMorgan Chase & Co. decreased their price target on shares of PepsiCo from $157.00 to $151.00 and set a “neutral” rating on the stock in a research report on Monday, October 6th. Six investment analysts have rated the stock with a Buy rating, fourteen have given a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, PepsiCo has an average rating of “Hold” and an average price target of $156.00.

PepsiCo 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.