Valmark Advisers Inc. Has $2.34 Million Holdings in PepsiCo, Inc. $PEP

Valmark Advisers Inc. lessened its stake in shares of PepsiCo, Inc. (NASDAQ:PEP) by 4.5% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 17,685 shares of the company’s stock after selling 841 shares during the period. Valmark Advisers Inc.’s holdings in PepsiCo were worth $2,335,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Nova Wealth Management Inc. purchased a new position in PepsiCo during the 1st quarter valued at about $25,000. Elite Financial Inc. purchased a new position in PepsiCo during the 1st quarter valued at about $28,000. Legend Financial Advisors Inc. purchased a new position in PepsiCo during the 2nd quarter valued at about $29,000. Investment Research & Advisory Group Inc. grew its stake in PepsiCo by 263.6% during the 2nd quarter. Investment Research & Advisory Group Inc. now owns 320 shares of the company’s stock valued at $42,000 after acquiring an additional 232 shares in the last quarter. Finally, RMG Wealth Management LLC purchased a new position in PepsiCo during the 2nd quarter valued at about $45,000. Institutional investors and hedge funds own 73.07% of the company’s stock.

Analysts Set New Price Targets

PEP has been the topic of several research analyst reports. BNP Paribas Exane lowered their target price on PepsiCo from $152.00 to $150.00 and set a “neutral” rating on the stock in a research note on Monday. Morgan Stanley boosted their price target on PepsiCo from $153.00 to $165.00 and gave the company an “equal weight” rating in a research note on Friday, July 18th. Citigroup lowered their price target on PepsiCo from $168.00 to $165.00 and set a “buy” rating for the company in a research note on Thursday, September 25th. Wells Fargo & Company lowered their price target on PepsiCo from $154.00 to $150.00 and set an “equal weight” rating for the company in a research note on Thursday, September 25th. Finally, JPMorgan Chase & Co. lowered their price target on PepsiCo from $157.00 to $151.00 and set a “neutral” rating for the company in a research note on Monday. Four equities research analysts have rated the stock with a Buy rating, fifteen have assigned a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $158.13.

PepsiCo Stock Down 1.4%

Shares of PepsiCo stock opened at $138.84 on Thursday. The stock has a market capitalization of $190.08 billion, a P/E ratio of 25.29, a PEG ratio of 3.55 and a beta of 0.46. 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 stock has a 50 day moving average price of $144.18 and a two-hundred day moving average price of $139.30. 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, topping analysts’ consensus estimates of $2.03 by $0.09. PepsiCo had a return on equity of 57.81% and a net margin of 8.23%.The company had revenue of $22.73 billion during the quarter, compared to analyst estimates of $22.28 billion. During the same period in the previous year, the company earned $2.28 earnings per share. The company’s quarterly 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. Equities analysts expect that PepsiCo, Inc. will post 8.3 earnings per share for the current year.

PepsiCo Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, September 30th. Stockholders of record on Friday, September 5th were issued a dividend of $1.4225 per share. The ex-dividend date was Friday, September 5th. This represents a $5.69 dividend on an annualized basis and a dividend yield of 4.1%. PepsiCo’s payout ratio is 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.