Heck Capital Advisors LLC Increases Position in PepsiCo, Inc. $PEP

Heck Capital Advisors LLC lifted its position in shares of PepsiCo, Inc. (NASDAQ:PEP) by 12.0% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 3,816 shares of the company’s stock after purchasing an additional 408 shares during the period. Heck Capital Advisors LLC’s holdings in PepsiCo were worth $504,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. Nova Wealth Management Inc. acquired a new position in shares of PepsiCo in the 1st quarter valued at $25,000. Elite Financial Inc. acquired a new position in PepsiCo in the first quarter valued at $28,000. Legend Financial Advisors Inc. purchased a new position in shares of PepsiCo during the second quarter worth about $29,000. Investment Research & Advisory Group Inc. increased 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 worth $42,000 after purchasing an additional 232 shares in the last quarter. Finally, MorganRosel Wealth Management LLC purchased a new stake in shares of PepsiCo in the 1st quarter valued at about $55,000. Hedge funds and other institutional investors own 73.07% of the company’s stock.

PepsiCo Stock Down 1.6%

Shares of NASDAQ:PEP opened at $139.70 on Tuesday. PepsiCo, Inc. has a fifty-two week low of $127.60 and a fifty-two week high of $177.50. The company has a quick ratio of 0.60, a current ratio of 0.78 and a debt-to-equity ratio of 2.12. The firm’s 50-day simple moving average is $144.32 and its 200-day simple moving average is $139.30. The company has a market cap of $191.26 billion, a price-to-earnings ratio of 25.45, a PEG ratio of 3.58 and a beta of 0.46.

PepsiCo (NASDAQ:PEP) last announced its quarterly earnings data on Thursday, July 17th. The company reported $2.12 EPS for the quarter, beating analysts’ consensus estimates 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 the consensus estimate of $22.28 billion. During the same quarter last year, the firm earned $2.28 earnings per share. The firm’s revenue was up 1.0% compared to the same quarter last year. 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 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. 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 4.1%. The ex-dividend date of this dividend was Friday, September 5th. PepsiCo’s dividend payout ratio is currently 103.64%.

Analyst Ratings Changes

A number of research firms recently issued reports on PEP. BNP Paribas Exane dropped their price target on PepsiCo from $152.00 to $150.00 and set a “neutral” rating on the stock in a research note on Monday. Bank of America cut their target price on shares of PepsiCo from $150.00 to $145.00 and set a “neutral” rating on the stock in a report on Friday, July 11th. Weiss Ratings reiterated a “hold (c-)” rating on shares of PepsiCo in a research note on Saturday, September 27th. Wells Fargo & Company dropped their price objective on shares of PepsiCo from $154.00 to $150.00 and set an “equal weight” rating on the stock in a research note on Thursday, September 25th. Finally, Barclays reaffirmed a “cautious” rating on shares of PepsiCo in a report on Friday. Four equities research analysts have rated the stock with a Buy rating, fifteen have given a Hold rating and two have issued a Sell rating to the company’s stock. According to MarketBeat.com, PepsiCo has a consensus rating of “Hold” and an average target price of $158.13.

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.