Edmp Inc. Raises Stock Holdings in PepsiCo, Inc. $PEP

by · The Cerbat Gem

Edmp Inc. grew its stake in PepsiCo, Inc. (NASDAQ:PEP – Free Report) by 12.9% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 12,183 shares of the company’s stock after buying an additional 1,396 shares during the quarter. Edmp Inc.’s holdings in PepsiCo were worth $1,609,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. Morningstar Investment Management LLC increased its position in PepsiCo by 19.0% in the second quarter. Morningstar Investment Management LLC now owns 17,316 shares of the company’s stock worth $2,286,000 after buying an additional 2,769 shares in the last quarter. Perfromance Wealth Partners LLC grew its position in shares of PepsiCo by 11.8% during the second quarter. Perfromance Wealth Partners LLC now owns 2,933 shares of the company’s stock worth $387,000 after purchasing an additional 310 shares in the last quarter. Moran Wealth Management LLC purchased a new stake in shares of PepsiCo during the second quarter worth about $11,498,000. Cutler Investment Counsel LLC grew its position in shares of PepsiCo by 1.0% during the second quarter. Cutler Investment Counsel LLC now owns 59,423 shares of the company’s stock worth $7,846,000 after purchasing an additional 571 shares in the last quarter. Finally, Cornerstone Wealth Group LLC grew its position in shares of PepsiCo by 2.6% during the second quarter. Cornerstone Wealth Group LLC now owns 80,371 shares of the company’s stock worth $10,612,000 after purchasing an additional 2,060 shares in the last quarter. Hedge funds and other institutional investors own 73.07% of the company’s stock.

Analysts Set New Price Targets

PEP has been the subject of several research analyst reports. JPMorgan Chase & Co. cut their target price on PepsiCo from $157.00 to $151.00 and set a “neutral” rating for the company in a research report on Monday, October 6th. Citigroup cut their target price on PepsiCo from $168.00 to $165.00 and set a “buy” rating for the company in a research report on Thursday, September 25th. Bank of America increased their price target on PepsiCo from $150.00 to $155.00 and gave the company a “neutral” rating in a research note on Friday. Cowen reissued a “hold” rating on shares of PepsiCo in a research note on Thursday, July 17th. Finally, Barclays increased their price target on PepsiCo from $140.00 to $142.00 and gave the company an “equal weight” rating in a research note on Friday. Five investment analysts have rated the stock with a Buy rating and fourteen have assigned a Hold rating to the stock. According to MarketBeat, PepsiCo presently has a consensus rating of “Hold” and an average price target of $157.75.

View Our Latest Research Report on PEP

PepsiCo Trading Down 0.8%

Shares of NASDAQ PEP opened at $148.89 on Tuesday. The company has a debt-to-equity ratio of 2.26, a quick ratio of 0.72 and a current ratio of 0.91. The business’s 50 day moving average price is $144.72 and its 200-day moving average price is $139.18. PepsiCo, Inc. has a fifty-two week low of $127.60 and a fifty-two week high of $177.50. The company has a market cap of $203.58 billion, a price-to-earnings ratio of 28.31, a PEG ratio of 3.75 and a beta of 0.46.

PepsiCo (NASDAQ:PEP – Get Free Report) last issued its quarterly earnings results on Thursday, October 9th. The company reported $2.29 earnings per share for the quarter, topping the consensus estimate of $2.26 by $0.03. The firm had revenue of $23.94 billion for the quarter, compared to the consensus estimate of $23.91 billion. PepsiCo had a return on equity of 57.58% and a net margin of 7.82%.The company’s revenue for the quarter was up 2.7% on a year-over-year basis. During the same period in the prior year, the business posted $2.31 earnings per share. PepsiCo has set its FY 2025 guidance at 8.120-8.120 EPS. On average, sell-side analysts expect that PepsiCo, Inc. will post 8.3 earnings per share for the current year.

PepsiCo Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, September 30th. Shareholders of record on Friday, September 5th were issued a dividend of $1.4225 per share. This represents a $5.69 annualized dividend and a yield of 3.8%. The ex-dividend date was Friday, September 5th. PepsiCo’s dividend payout ratio (DPR) is presently 108.17%.

About PepsiCo

(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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