Axxcess Wealth Management LLC Decreases Stake in PepsiCo, Inc. $PEP

by · The Cerbat Gem

Axxcess Wealth Management LLC reduced its stake in shares of PepsiCo, Inc. (NASDAQ:PEP – Free Report) by 2.0% during the 2nd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 69,040 shares of the company’s stock after selling 1,404 shares during the period. Axxcess Wealth Management LLC’s holdings in PepsiCo were worth $9,116,000 at the end of the most recent reporting period.

Other institutional investors also recently made changes to their positions in the company. Nova Wealth Management Inc. acquired a new position in shares of PepsiCo during the 1st quarter worth $25,000. Elite Financial Inc. acquired a new position in shares of PepsiCo during the 1st quarter worth $28,000. Legend Financial Advisors Inc. acquired a new position in shares of PepsiCo during the 2nd quarter worth $29,000. RMG Wealth Management LLC acquired a new position in shares of PepsiCo during the 2nd quarter worth $45,000. Finally, Investment Research & Advisory Group Inc. raised its stake in shares of PepsiCo by 263.6% during the 2nd quarter. Investment Research & Advisory Group Inc. now owns 320 shares of the company’s stock worth $42,000 after buying an additional 232 shares during the last quarter. 73.07% of the stock is currently owned by hedge funds and other institutional investors.

PepsiCo Trading Down 0.8%

NASDAQ PEP opened at $148.89 on Tuesday. PepsiCo, Inc. has a 12 month low of $127.60 and a 12 month high of $177.50. The company has a 50-day moving average of $144.72 and a 200-day moving average of $139.18. The company has a debt-to-equity ratio of 2.26, a current ratio of 0.91 and a quick ratio of 0.72. The company has a market cap of $203.58 billion, a P/E ratio of 28.31, a P/E/G ratio of 3.75 and a beta of 0.46.

PepsiCo (NASDAQ:PEP – Get Free Report) last posted its quarterly earnings data on Thursday, October 9th. The company reported $2.29 EPS for the quarter, beating analysts’ consensus estimates of $2.26 by $0.03. PepsiCo had a net margin of 7.82% and a return on equity of 57.58%. The company had revenue of $23.94 billion during the quarter, compared to the consensus estimate of $23.91 billion. During the same quarter in the prior year, the company posted $2.31 EPS. The company’s quarterly revenue was up 2.7% compared to the same quarter last year. PepsiCo has set its FY 2025 guidance at 8.120-8.120 EPS. As a group, equities analysts predict that PepsiCo, Inc. will post 8.3 earnings per share for the current year.

PepsiCo Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 30th. Stockholders of record on Friday, September 5th were paid 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 dividend yield of 3.8%. PepsiCo’s dividend payout ratio is currently 108.17%.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on the company. BNP Paribas Exane cut their price target on PepsiCo from $152.00 to $150.00 and set a “neutral” rating for the company in a research note on Monday, October 6th. Piper Sandler boosted their target price on shares of PepsiCo from $160.00 to $162.00 and gave the company an “overweight” rating in a research note on Friday. Cowen reissued a “hold” rating on shares of PepsiCo in a research note on Thursday, July 17th. Weiss Ratings reissued a “hold (c-)” rating on shares of PepsiCo in a research note on Saturday, September 27th. Finally, Evercore ISI boosted their target price on shares of PepsiCo from $150.00 to $152.00 in a research note on Friday. Five research analysts have rated the stock with a Buy rating and fourteen have issued a Hold rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $157.75.

Get Our Latest Report on PEP

PepsiCo Company 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.

Featured Stories

Want to see what other hedge funds are holding PEP? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for PepsiCo, Inc. (NASDAQ:PEP – Free Report).