Tower View Wealth Management LLC Has $1.23 Million Stock Holdings in PepsiCo, Inc. $PEP

Tower View Wealth Management LLC decreased its position in PepsiCo, Inc. (NASDAQ:PEP) by 38.4% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 9,284 shares of the company’s stock after selling 5,788 shares during the period. Tower View Wealth Management LLC’s holdings in PepsiCo were worth $1,226,000 at the end of the most recent quarter.

Other large investors also recently added to or reduced their stakes in the company. Dogwood Wealth Management LLC grew its holdings in PepsiCo by 15.4% during the 2nd quarter. Dogwood Wealth Management LLC now owns 539 shares of the company’s stock worth $73,000 after acquiring an additional 72 shares during the period. Centurion Wealth Management LLC boosted its position in shares of PepsiCo by 3.8% in 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. SK Wealth Management LLC grew its stake in shares of PepsiCo by 3.3% during the second quarter. SK Wealth Management LLC now owns 2,375 shares of the company’s stock worth $319,000 after purchasing an additional 75 shares during the period. Pflug Koory LLC increased its holdings 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 last quarter. Finally, Hoge Financial Services LLC boosted its holdings in PepsiCo by 2.1% during the first quarter. Hoge Financial Services LLC now owns 3,633 shares of the company’s stock worth $545,000 after buying an additional 76 shares during the last quarter. 73.07% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on PEP. Royal Bank Of Canada lowered their price target on PepsiCo from $146.00 to $145.00 and set a “sector perform” rating for the company in a research note on Monday, September 15th. Citigroup lowered their target price on shares of PepsiCo from $168.00 to $165.00 and set a “buy” rating for the company in a research note on Thursday, September 25th. Barclays reduced their price target on shares of PepsiCo from $144.00 to $140.00 and set an “equal weight” rating on the stock in a research report on Thursday. Cowen restated a “hold” rating on shares of PepsiCo in a research report on Thursday, July 17th. Finally, Wells Fargo & Company reduced their target price on PepsiCo from $154.00 to $150.00 and set an “equal weight” rating on the stock in a report on Thursday, September 25th. Four equities research analysts have rated the stock with a Buy rating, fourteen have assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $157.87.

PepsiCo Trading Down 0.6%

PEP opened at $142.31 on Friday. The firm’s fifty day simple moving average is $144.39 and its 200 day simple moving average is $139.50. The stock has a market capitalization of $194.83 billion, a P/E ratio of 25.92, a P/E/G ratio of 3.61 and a beta of 0.46. The company has a current ratio of 0.78, a quick ratio of 0.60 and a debt-to-equity ratio of 2.12. PepsiCo, Inc. has a 12 month low of $127.60 and a 12 month high of $177.50.

PepsiCo (NASDAQ:PEP) last issued its quarterly 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. The company had revenue of $22.73 billion for the quarter, compared to analyst estimates of $22.28 billion. PepsiCo had a return on equity of 57.81% and a net margin of 8.23%.The company’s quarterly revenue was up 1.0% compared to the same quarter last year. During the same period in the previous year, the company posted $2.28 earnings per share. 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 fiscal year.

PepsiCo Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, September 30th. Shareholders of record on Friday, September 5th were given a dividend of $1.4225 per share. The ex-dividend date of this dividend was Friday, September 5th. This represents a $5.69 dividend on an annualized basis and a yield of 4.0%. PepsiCo’s dividend payout ratio is 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.