Altus Wealth Group LLC Boosts Stock Position in PepsiCo, Inc. $PEP

by · The Cerbat Gem

Altus Wealth Group LLC lifted its position in PepsiCo, Inc. (NASDAQ:PEP – Free Report) by 1.1% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 7,078 shares of the company’s stock after buying an additional 79 shares during the quarter. Altus Wealth Group LLC’s holdings in PepsiCo were worth $935,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Nova Wealth Management Inc. purchased a new position in PepsiCo during the 1st quarter worth approximately $25,000. Elite Financial Inc. purchased a new position in PepsiCo in the first quarter worth $28,000. Legend Financial Advisors Inc. purchased a new position in PepsiCo in the second quarter worth $29,000. Frazier Financial Advisors LLC raised its position in PepsiCo by 85.3% in the second quarter. Frazier Financial Advisors LLC now owns 265 shares of the company’s stock worth $35,000 after acquiring an additional 122 shares in the last quarter. Finally, Investment Research & Advisory Group Inc. grew its holdings in PepsiCo by 263.6% in the second quarter. Investment Research & Advisory Group Inc. now owns 320 shares of the company’s stock valued at $42,000 after purchasing an additional 232 shares during the last quarter. Hedge funds and other institutional investors own 73.07% of the company’s stock.

Wall Street Analyst Weigh In

PEP has been the subject of a number of analyst reports. Wells Fargo & Company boosted their price target on PepsiCo from $150.00 to $154.00 and gave the stock a “positive” rating in a report on Friday, October 10th. BNP Paribas Exane decreased their target price on PepsiCo from $152.00 to $150.00 and set a “neutral” rating for the company in a research report on Monday, October 6th. Jefferies Financial Group lifted their price objective on PepsiCo from $161.00 to $163.00 and gave the stock a “hold” rating in a report on Friday, October 10th. Evercore ISI upped their target price on PepsiCo from $150.00 to $152.00 in a research report on Friday, October 10th. Finally, UBS Group lowered their price target on PepsiCo from $175.00 to $170.00 and set a “buy” rating for the company in a report on Thursday, September 11th. Six research analysts have rated the stock with a Buy rating, fourteen have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $156.00.

Get Our Latest Stock Analysis on PepsiCo

PepsiCo Stock Performance

Shares of PEP stock opened at $153.71 on Monday. The company has a debt-to-equity ratio of 2.26, a current ratio of 0.91 and a quick ratio of 0.72. PepsiCo, Inc. has a fifty-two week low of $127.60 and a fifty-two week high of $177.50. The stock’s 50-day moving average is $145.51 and its two-hundred day moving average is $139.25. The firm has a market cap of $210.17 billion, a P/E ratio of 29.22, a PEG ratio of 3.74 and a beta of 0.46.

PepsiCo (NASDAQ:PEP – Get Free Report) last issued 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 return on equity of 57.58% and a net margin of 7.82%.The business had revenue of $23.94 billion for the quarter, compared to analyst estimates of $23.91 billion. During the same quarter in the prior year, the firm posted $2.31 EPS. The firm’s revenue for the quarter was up 2.7% on a year-over-year basis. PepsiCo has set its FY 2025 guidance at 8.120-8.120 EPS. 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 was paid on Tuesday, September 30th. Investors of record on Friday, September 5th were issued a dividend of $1.4225 per share. This represents a $5.69 dividend on an annualized basis and a yield of 3.7%. The ex-dividend date of this dividend was Friday, September 5th. PepsiCo’s dividend payout ratio (DPR) is currently 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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