Calamos Wealth Management LLC Has $686,000 Holdings in PepsiCo, Inc. $PEP

Calamos Wealth Management LLC decreased its position in shares of PepsiCo, Inc. (NASDAQ:PEP) by 95.3% in the second quarter, Holdings Channel reports. The fund owned 5,196 shares of the company’s stock after selling 104,869 shares during the period. Calamos Wealth Management LLC’s holdings in PepsiCo were worth $686,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

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

PepsiCo Stock Up 0.7%

Shares of NASDAQ:PEP opened at $153.71 on Monday. The company’s fifty day moving average is $145.51 and its 200-day moving average is $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 company has a market capitalization of $210.17 billion, a PE ratio of 29.22, a P/E/G ratio of 3.74 and a beta of 0.46.

PepsiCo (NASDAQ:PEP) last announced its quarterly earnings results on Thursday, October 9th. The company reported $2.29 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.26 by $0.03. The firm 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 last year, the firm posted $2.31 EPS. PepsiCo has set its FY 2025 guidance at 8.120-8.120 EPS. Equities research analysts predict that PepsiCo, Inc. will post 8.3 earnings per share for the current fiscal year.

PepsiCo Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, September 30th. Investors 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 dividend payout ratio (DPR) is currently 108.17%.

Analysts Set New Price Targets

PEP has been the topic of a number of recent research reports. Citigroup decreased their target price on PepsiCo from $168.00 to $165.00 and set a “buy” rating on the stock in a research report on Thursday, September 25th. The Goldman Sachs Group lifted their price objective on PepsiCo from $165.00 to $167.00 and gave the stock a “buy” rating in a report on Friday, October 10th. Royal Bank Of Canada cut their target price on PepsiCo from $146.00 to $145.00 and set a “sector perform” rating for the company in a research note on Monday, September 15th. Evercore ISI lifted their price target on shares of PepsiCo from $150.00 to $152.00 in a research note on Friday, October 10th. Finally, Rothschild & Co Redburn raised their price objective on shares of PepsiCo from $115.00 to $117.00 and gave the stock a “sell” rating in a report on Monday, October 13th. Six research analysts have rated the stock with a Buy rating, fourteen have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $156.00.

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.