Krilogy Financial LLC Invests $1.63 Million in PepsiCo, Inc. $PEP

Krilogy Financial LLC bought a new stake in PepsiCo, Inc. (NASDAQ:PEP) in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The firm bought 12,347 shares of the company’s stock, valued at approximately $1,630,000.

Several other large investors also recently bought and sold shares of PEP. Legacy Financial Group LLC grew its holdings in PepsiCo by 4.9% during the 1st quarter. Legacy Financial Group LLC now owns 1,514 shares of the company’s stock worth $227,000 after acquiring an additional 71 shares in the last quarter. Centurion Wealth Management LLC lifted its position in shares of PepsiCo by 3.8% during the 2nd quarter. Centurion Wealth Management LLC now owns 2,068 shares of the company’s stock worth $273,000 after purchasing an additional 75 shares during the last quarter. Pflug Koory LLC grew its stake in shares of PepsiCo by 1.0% during the first quarter. Pflug Koory LLC now owns 7,750 shares of the company’s stock worth $1,162,000 after purchasing an additional 76 shares in the last quarter. Hoge Financial Services LLC increased its holdings in PepsiCo by 2.1% in the first quarter. Hoge Financial Services LLC now owns 3,633 shares of the company’s stock valued at $545,000 after buying an additional 76 shares during the last quarter. Finally, Members Trust Co raised its stake in PepsiCo by 1.3% in the first quarter. Members Trust Co now owns 5,941 shares of the company’s stock valued at $891,000 after buying an additional 77 shares in the last quarter. Hedge funds and other institutional investors own 73.07% of the company’s stock.

PepsiCo Stock Down 0.4%

Shares of NASDAQ:PEP opened at $140.03 on Wednesday. PepsiCo, Inc. has a 1-year low of $127.60 and a 1-year high of $178.09. The company has a debt-to-equity ratio of 2.12, a current ratio of 0.78 and a quick ratio of 0.60. The stock has a market cap of $191.71 billion, a P/E ratio of 25.51, a P/E/G ratio of 3.56 and a beta of 0.46. The firm has a fifty day moving average price of $144.03 and a 200 day moving average price of $140.35.

PepsiCo (NASDAQ:PEP) last announced its earnings results 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 business 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 earned $2.28 earnings per share. The business’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. Sell-side analysts predict that PepsiCo, Inc. will post 8.3 EPS for the current year.

PepsiCo Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, September 30th. Shareholders of record on Friday, September 5th will be paid a $1.4225 dividend. This represents a $5.69 annualized dividend and a dividend yield of 4.1%. The ex-dividend date is Friday, September 5th. PepsiCo’s dividend payout ratio (DPR) is 103.64%.

Analysts Set New Price Targets

A number of research firms have recently commented on PEP. Cowen reiterated a “hold” rating on shares of PepsiCo in a report on Thursday, July 17th. UBS Group cut their price objective on shares of PepsiCo from $175.00 to $170.00 and set a “buy” rating on the stock in a report on Thursday, September 11th. Morgan Stanley upped their target price on shares of PepsiCo from $153.00 to $165.00 and gave the company an “equal weight” rating in a report on Friday, July 18th. Barclays lifted their price target on shares of PepsiCo from $132.00 to $144.00 and gave the stock an “equal weight” rating in a research note on Monday, July 21st. Finally, JPMorgan Chase & Co. decreased their price objective on shares of PepsiCo from $150.00 to $139.00 and set a “neutral” rating for the company in a research note on Thursday, July 10th. Four equities research analysts have rated the stock with a Buy rating, fourteen have issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $158.67.

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.