Rise Advisors LLC Has $219,000 Stock Holdings in PepsiCo, Inc. $PEP

by · The Cerbat Gem

Rise Advisors LLC lifted its holdings in PepsiCo, Inc. (NASDAQ:PEP – Free Report) by 6.7% in the 2nd quarter, Holdings Channel.com reports. The firm owned 1,662 shares of the company’s stock after buying an additional 104 shares during the quarter. Rise Advisors LLC’s holdings in PepsiCo were worth $219,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. Nova Wealth Management Inc. acquired a new position in shares of PepsiCo in the 1st quarter valued at approximately $25,000. Elite Financial Inc. bought a new stake in PepsiCo in the 1st quarter valued at approximately $28,000. Sunbeam Capital Management LLC bought a new stake in PepsiCo in the 4th quarter valued at approximately $47,000. MorganRosel Wealth Management LLC bought a new stake in PepsiCo in the 1st quarter valued at approximately $55,000. Finally, Migdal Insurance & Financial Holdings Ltd. bought a new stake in PepsiCo in the 1st quarter valued at approximately $58,000. 73.07% of the stock is currently owned by institutional investors and hedge funds.

PepsiCo Trading Down 0.5%

Shares of PepsiCo stock opened at $143.53 on Monday. PepsiCo, Inc. has a 12-month low of $127.60 and a 12-month high of $179.43. The stock has a market cap of $196.50 billion, a P/E ratio of 26.14, a P/E/G ratio of 3.63 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 business’s 50 day moving average is $143.81 and its 200-day moving average is $140.44.

PepsiCo (NASDAQ:PEP – Get Free Report) last posted its quarterly earnings results on Thursday, July 17th. The company reported $2.12 earnings per share for the quarter, beating 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 business had revenue of $22.73 billion for the quarter, compared to analysts’ expectations of $22.28 billion. During the same quarter in the prior year, the business earned $2.28 EPS. The firm’s revenue for the quarter was up 1.0% on a year-over-year basis. PepsiCo has set its FY 2025 guidance at 8.038-8.038 EPS. Equities research analysts predict that PepsiCo, Inc. will post 8.3 earnings per share for the current fiscal year.

PepsiCo Announces Dividend

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

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on PEP shares. Cowen restated a “hold” rating on shares of PepsiCo in a research note on Thursday, July 17th. Wells Fargo & Company boosted their target price on PepsiCo from $140.00 to $154.00 and gave the company an “equal weight” rating in a research note on Friday, July 18th. JPMorgan Chase & Co. cut their target price on PepsiCo from $150.00 to $139.00 and set a “neutral” rating on the stock in a research note on Thursday, July 10th. Royal Bank Of Canada restated a “sector perform” rating and issued a $146.00 target price on shares of PepsiCo in a research note on Wednesday, September 3rd. Finally, Barclays upped their price objective on PepsiCo from $132.00 to $144.00 and gave the stock an “equal weight” rating in a research note on Monday, July 21st. Four research analysts have rated the stock with a Buy rating, fourteen have issued a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $158.67.

View Our Latest Report on PEP

PepsiCo Profile

(Free Report)

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.

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