Beacon Investment Advisory Services Inc. Acquires 2,891 Shares of PepsiCo, Inc. $PEP

Beacon Investment Advisory Services Inc. raised its holdings in PepsiCo, Inc. (NASDAQ:PEP) by 6.8% in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 45,343 shares of the company’s stock after purchasing an additional 2,891 shares during the period. Beacon Investment Advisory Services Inc.’s holdings in PepsiCo were worth $5,987,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of PEP. Nova Wealth Management Inc. bought a new stake in PepsiCo in the 1st quarter valued at about $25,000. Elite Financial Inc. bought a new stake in shares of PepsiCo during the 1st quarter worth approximately $28,000. MorganRosel Wealth Management LLC bought a new stake in shares of PepsiCo during the 1st quarter worth approximately $55,000. Migdal Insurance & Financial Holdings Ltd. bought a new stake in shares of PepsiCo during the 1st quarter worth approximately $58,000. Finally, Greykasell Wealth Strategies Inc. bought a new stake in shares of PepsiCo during the 1st quarter worth approximately $58,000. Institutional investors own 73.07% of the company’s stock.

PepsiCo Price Performance

Shares of NASDAQ:PEP opened at $142.17 on Thursday. The company has a debt-to-equity ratio of 2.12, a current ratio of 0.78 and a quick ratio of 0.60. PepsiCo, Inc. has a one year low of $127.60 and a one year high of $177.50. The firm has a 50 day simple moving average of $144.79 and a 200 day simple moving average of $139.90. The company has a market cap of $194.64 billion, a price-to-earnings ratio of 25.90, a PEG ratio of 3.58 and a beta of 0.46.

PepsiCo (NASDAQ:PEP) last announced its quarterly earnings results on Thursday, July 17th. The company reported $2.12 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.03 by $0.09. PepsiCo had a net margin of 8.23% and a return on equity of 57.81%. The firm had revenue of $22.73 billion during the quarter, compared to analysts’ expectations of $22.28 billion. During the same period in the prior year, the company posted $2.28 EPS. The company’s revenue was up 1.0% on a year-over-year basis. PepsiCo has set its FY 2025 guidance at 8.038-8.038 EPS. Research analysts predict that PepsiCo, Inc. will post 8.3 earnings per share for the current fiscal year.

PepsiCo Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, September 30th. Shareholders of record on Friday, September 5th will be given a $1.4225 dividend. This represents a $5.69 annualized dividend and a yield of 4.0%. The ex-dividend date is Friday, September 5th. PepsiCo’s dividend payout ratio is 103.64%.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on PEP shares. Citigroup upped their price target on shares of PepsiCo from $160.00 to $168.00 and gave the stock a “buy” rating in a report on Friday, July 18th. Barclays upped their price target on shares of PepsiCo from $132.00 to $144.00 and gave the stock an “equal weight” rating in a report on Monday, July 21st. UBS Group cut their price target on shares of PepsiCo from $175.00 to $170.00 and set a “buy” rating for the company in a report on Thursday, September 11th. JPMorgan Chase & Co. cut their price target on shares of PepsiCo from $150.00 to $139.00 and set a “neutral” rating for the company in a report on Thursday, July 10th. Finally, Royal Bank Of Canada dropped their price objective on shares of PepsiCo from $146.00 to $145.00 and set a “sector perform” rating for the company in a research note on Monday, September 15th. Four analysts have rated the stock with a Buy rating, fourteen have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $158.60.

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.