PepsiCo, Inc. $PEP Shares Bought by Osprey Private Wealth LLC

Osprey Private Wealth LLC raised its holdings in PepsiCo, Inc. (NASDAQ:PEP) by 3.8% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 20,680 shares of the company’s stock after purchasing an additional 750 shares during the period. PepsiCo comprises 1.5% of Osprey Private Wealth LLC’s holdings, making the stock its 26th largest position. Osprey Private Wealth LLC’s holdings in PepsiCo were worth $2,800,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in PEP. Legacy Financial Group LLC lifted its position in PepsiCo by 4.9% during the first quarter. Legacy Financial Group LLC now owns 1,514 shares of the company’s stock worth $227,000 after buying an additional 71 shares in the last quarter. Centurion Wealth Management LLC raised its position in PepsiCo by 3.8% in the second quarter. Centurion Wealth Management LLC now owns 2,068 shares of the company’s stock valued at $273,000 after purchasing an additional 75 shares during the period. Pflug Koory LLC raised its position in PepsiCo by 1.0% in the first quarter. Pflug Koory LLC now owns 7,750 shares of the company’s stock valued at $1,162,000 after purchasing an additional 76 shares during the period. Hoge Financial Services LLC raised its position 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 purchasing an additional 76 shares during the period. Finally, Members Trust Co raised its position 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 purchasing an additional 77 shares during the period. Hedge funds and other institutional investors own 73.07% of the company’s stock.

PepsiCo Stock Down 0.5%

PEP opened at $143.53 on Friday. The business has a 50 day moving average price of $143.81 and a two-hundred day moving average price of $140.52. 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 company has a market cap of $196.50 billion, a PE ratio of 26.14, a P/E/G ratio of 3.65 and a beta of 0.46. PepsiCo, Inc. has a 52 week low of $127.60 and a 52 week high of $179.43.

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

PepsiCo Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 30th. Shareholders of record on Friday, September 5th will be given a dividend of $1.4225 per share. The ex-dividend date is Friday, September 5th. This represents a $5.69 annualized dividend and a yield of 4.0%. PepsiCo’s payout ratio is presently 103.64%.

Wall Street Analysts Forecast Growth

PEP has been the subject of a number of research reports. Morgan Stanley lifted their price objective on PepsiCo from $153.00 to $165.00 and gave the company an “equal weight” rating in a research note on Friday, July 18th. Barclays lifted their price objective on PepsiCo from $132.00 to $144.00 and gave the company an “equal weight” rating in a research note on Monday, July 21st. Wells Fargo & Company boosted their target price on PepsiCo from $140.00 to $154.00 and gave the stock an “equal weight” rating in a research note on Friday, July 18th. Deutsche Bank Aktiengesellschaft reissued a “buy” rating on shares of PepsiCo in a research note on Thursday, July 17th. Finally, Bank of America lowered their price objective on PepsiCo from $150.00 to $145.00 and set a “neutral” rating for the company in a research report on Friday, July 11th. Four analysts have rated the stock with a Buy rating, fourteen have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the company presently has an average rating of “Hold” and an average target price of $158.67.

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.