Naples Global Advisors LLC Has $3.47 Million Holdings in PepsiCo, Inc. $PEP

Naples Global Advisors LLC lifted its stake in shares of PepsiCo, Inc. (NASDAQ:PEP) by 2.3% in the 2nd quarter, Holdings Channel reports. The institutional investor owned 26,270 shares of the company’s stock after purchasing an additional 592 shares during the quarter. Naples Global Advisors LLC’s holdings in PepsiCo were worth $3,469,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of PEP. Brighton Jones LLC grew its stake in shares of PepsiCo by 12.4% in the fourth quarter. Brighton Jones LLC now owns 59,392 shares of the company’s stock worth $9,031,000 after purchasing an additional 6,574 shares during the last quarter. RFG Advisory LLC grew its stake in shares of PepsiCo by 5.8% in the first quarter. RFG Advisory LLC now owns 16,335 shares of the company’s stock worth $2,449,000 after purchasing an additional 898 shares during the last quarter. Hennion & Walsh Asset Management Inc. grew its stake in shares of PepsiCo by 32.5% in the first quarter. Hennion & Walsh Asset Management Inc. now owns 13,600 shares of the company’s stock worth $2,039,000 after purchasing an additional 3,332 shares during the last quarter. Triangle Securities Wealth Management grew its stake in shares of PepsiCo by 1.6% in the first quarter. Triangle Securities Wealth Management now owns 20,108 shares of the company’s stock worth $3,015,000 after purchasing an additional 307 shares during the last quarter. Finally, Apella Capital LLC grew its stake in shares of PepsiCo by 126.1% in the first quarter. Apella Capital LLC now owns 22,596 shares of the company’s stock worth $3,290,000 after purchasing an additional 12,601 shares during the last quarter. 73.07% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several brokerages recently weighed in on PEP. UBS Group reduced their price objective on shares of PepsiCo from $175.00 to $170.00 and set a “buy” rating on the stock in a research note on Thursday, September 11th. Morgan Stanley upped their price target 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. Citigroup cut their price target on shares of PepsiCo from $168.00 to $165.00 and set a “buy” rating on the stock in a research report on Thursday, September 25th. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating on shares of PepsiCo in a research report on Thursday, July 17th. Finally, JPMorgan Chase & Co. cut their price target on shares of PepsiCo from $150.00 to $139.00 and set a “neutral” rating on the stock in a research report on Thursday, July 10th. Four investment analysts have rated the stock with a Buy rating, fourteen have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $158.13.

PepsiCo Price Performance

PEP stock opened at $143.14 on Thursday. The stock has a market capitalization of $195.97 billion, a PE ratio of 26.07, a price-to-earnings-growth ratio of 3.54 and a beta of 0.46. The company’s 50-day moving average is $144.43 and its 200-day moving average is $139.56. 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 $177.50.

PepsiCo (NASDAQ:PEP) last released its quarterly earnings data on Thursday, July 17th. The company reported $2.12 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.03 by $0.09. The company 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 business’s revenue was up 1.0% on a year-over-year basis. During the same quarter in the prior year, the firm earned $2.28 EPS. PepsiCo has set its FY 2025 guidance at 8.038-8.038 EPS. Equities research analysts expect that PepsiCo, Inc. will post 8.3 EPS 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 given a $1.4225 dividend. The ex-dividend date of this dividend was Friday, September 5th. This represents a $5.69 annualized dividend and a yield of 4.0%. PepsiCo’s dividend payout ratio (DPR) is presently 103.64%.

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.