Heartwood Wealth Advisors LLC Has $926,000 Stock Position in PepsiCo, Inc. $PEP

Heartwood Wealth Advisors LLC boosted its holdings in PepsiCo, Inc. (NASDAQ:PEP) by 18.5% in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 7,011 shares of the company’s stock after purchasing an additional 1,094 shares during the quarter. Heartwood Wealth Advisors LLC’s holdings in PepsiCo were worth $926,000 at the end of the most recent quarter.

Several other large investors also recently modified their holdings of PEP. Nova Wealth Management Inc. bought a new position in PepsiCo during the first quarter worth $25,000. Elite Financial Inc. bought a new stake in PepsiCo in the first quarter valued at $28,000. Sunbeam Capital Management LLC acquired a new position in shares of PepsiCo during the fourth quarter valued at about $47,000. MorganRosel Wealth Management LLC bought a new position in shares of PepsiCo during the 1st quarter worth about $55,000. Finally, Migdal Insurance & Financial Holdings Ltd. acquired a new stake in shares of PepsiCo in the 1st quarter valued at about $58,000. Institutional investors and hedge funds own 73.07% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on PEP shares. Bank of America dropped their price target on PepsiCo from $150.00 to $145.00 and set a “neutral” rating on the stock in a research note on Friday, July 11th. Cowen restated a “hold” rating on shares of PepsiCo in a report on Thursday, July 17th. Royal Bank Of Canada reiterated a “sector perform” rating and issued a $146.00 target price on shares of PepsiCo in a report on Wednesday, September 3rd. Citigroup boosted their price target on shares of PepsiCo from $160.00 to $168.00 and gave the company a “buy” rating in a research note on Friday, July 18th. Finally, Barclays upped their price objective 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. Four research analysts have rated the stock with a Buy rating, fourteen have issued a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $158.67.

PepsiCo Stock Performance

NASDAQ PEP opened at $143.53 on Monday. The company has a fifty day moving average price of $143.81 and a 200-day moving average price of $140.44. The firm has a market cap of $196.50 billion, a price-to-earnings ratio of 26.14, a PEG ratio of 3.63 and a beta of 0.46. 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 1 year low of $127.60 and a 1 year high of $179.43.

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

PepsiCo Dividend Announcement

The firm also recently disclosed 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. The ex-dividend date of this dividend is Friday, September 5th. This represents a $5.69 annualized dividend and a yield of 4.0%. PepsiCo’s payout ratio is currently 103.64%.

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.