L. Roy Papp & Associates LLP Boosts Holdings in PepsiCo, Inc. $PEP

L. Roy Papp & Associates LLP boosted its position in PepsiCo, Inc. (NASDAQ:PEP) by 5.2% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 48,061 shares of the company’s stock after purchasing an additional 2,369 shares during the quarter. L. Roy Papp & Associates LLP’s holdings in PepsiCo were worth $6,346,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also bought and sold shares of the company. Commerzbank Aktiengesellschaft FI lifted its stake in PepsiCo by 89.7% in the 2nd quarter. Commerzbank Aktiengesellschaft FI now owns 257,914 shares of the company’s stock worth $34,055,000 after purchasing an additional 121,979 shares in the last quarter. Pinion Investment Advisors LLC lifted its stake in PepsiCo by 3.3% in the 2nd quarter. Pinion Investment Advisors LLC now owns 7,651 shares of the company’s stock worth $1,010,000 after purchasing an additional 243 shares in the last quarter. WMG Financial Advisors LLC lifted its stake in PepsiCo by 16.6% in the 2nd quarter. WMG Financial Advisors LLC now owns 1,579 shares of the company’s stock worth $208,000 after purchasing an additional 225 shares in the last quarter. Stiles Financial Services Inc lifted its stake in PepsiCo by 4.4% in the 2nd quarter. Stiles Financial Services Inc now owns 12,136 shares of the company’s stock worth $1,602,000 after purchasing an additional 509 shares in the last quarter. Finally, McKinley Carter Wealth Services Inc. lifted its stake in PepsiCo by 4.6% in the 2nd quarter. McKinley Carter Wealth Services Inc. now owns 42,297 shares of the company’s stock worth $5,585,000 after purchasing an additional 1,853 shares in the last quarter. 73.07% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several analysts have recently weighed in on the stock. Morgan Stanley raised their price objective on shares of PepsiCo from $153.00 to $165.00 and gave the company an “equal weight” rating in a research report on Friday, July 18th. Wells Fargo & Company lowered 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 report on Thursday, September 25th. Cowen restated a “hold” rating on shares of PepsiCo in a research report on Thursday, July 17th. Weiss Ratings restated a “hold (c-)” rating on shares of PepsiCo in a research report on Saturday, September 27th. Finally, BNP Paribas Exane lowered their price objective on shares of PepsiCo from $152.00 to $150.00 and set a “neutral” rating on the stock in a research report on Monday. 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 company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $158.13.

PepsiCo Price Performance

Shares of NASDAQ:PEP opened at $144.71 on Friday. The stock has a market cap of $198.12 billion, a PE ratio of 26.36, a PEG ratio of 3.50 and a beta of 0.46. The company’s fifty day moving average is $144.32 and its 200 day moving average is $139.29. PepsiCo, Inc. has a 52 week low of $127.60 and a 52 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.

PepsiCo (NASDAQ:PEP) last issued its earnings results on Thursday, October 9th. The company reported $2.29 EPS for the quarter, topping analysts’ consensus estimates of $2.26 by $0.03. PepsiCo had a net margin of 8.23% and a return on equity of 57.81%. The company had revenue of $23.94 billion for the quarter, compared to analysts’ expectations of $23.91 billion. During the same quarter last year, the company earned $2.31 EPS. The firm’s revenue was up 2.7% compared to the same quarter last year. PepsiCo has set its FY 2025 guidance at 8.120-8.120 EPS. Research analysts anticipate that PepsiCo, Inc. will post 8.3 earnings per share for the current year.

PepsiCo Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, September 30th. Shareholders of record on Friday, September 5th were given a $1.4225 dividend. The ex-dividend date was Friday, September 5th. This represents a $5.69 dividend on an annualized basis and a dividend yield of 3.9%. PepsiCo’s payout ratio is presently 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.