Heartwood Wealth Advisors LLC Raises Position in PepsiCo, Inc. $PEP

by · The Cerbat Gem

Heartwood Wealth Advisors LLC boosted its position in PepsiCo, Inc. (NASDAQ:PEP – Free Report) by 18.5% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 7,011 shares of the company’s stock after purchasing an additional 1,094 shares during the period. Heartwood Wealth Advisors LLC’s holdings in PepsiCo were worth $926,000 as of its most recent SEC filing.

A number of other large investors have also bought and sold shares of PEP. Nova Wealth Management Inc. purchased a new position in shares of PepsiCo during the 1st quarter valued at $25,000. Elite Financial Inc. bought a new stake in PepsiCo in the 1st quarter valued at about $28,000. Sunbeam Capital Management LLC purchased a new stake in PepsiCo during the fourth quarter valued at about $47,000. MorganRosel Wealth Management LLC bought a new position in PepsiCo during the first quarter worth about $55,000. Finally, Migdal Insurance & Financial Holdings Ltd. purchased a new position in shares of PepsiCo in the first quarter worth about $58,000. 73.07% of the stock is owned by hedge funds and other institutional investors.

PepsiCo Price Performance

NASDAQ:PEP opened at $143.53 on Monday. PepsiCo, Inc. has a 52-week low of $127.60 and a 52-week high of $179.43. The stock has a fifty day moving average of $143.81 and a 200 day moving average of $140.44. The company has a debt-to-equity ratio of 2.12, a quick ratio of 0.60 and a current ratio of 0.78. The firm has a market capitalization of $196.50 billion, a price-to-earnings ratio of 26.14, a P/E/G ratio of 3.63 and a beta of 0.46.

PepsiCo (NASDAQ:PEP – Get Free Report) last announced its earnings results on Thursday, July 17th. The company reported $2.12 earnings per share for the quarter, topping analysts’ consensus estimates of $2.03 by $0.09. The business had revenue of $22.73 billion for the quarter, compared to analyst estimates of $22.28 billion. PepsiCo had a return on equity of 57.81% and a net margin of 8.23%.The company’s quarterly revenue was up 1.0% compared to the same quarter last year. During the same period in the prior year, the company earned $2.28 EPS. PepsiCo has set its FY 2025 guidance at 8.038-8.038 EPS. On average, research analysts expect that PepsiCo, Inc. will post 8.3 EPS for the current fiscal year.

PepsiCo Announces Dividend

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

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on PEP. UBS Group dropped their price target on shares of PepsiCo from $175.00 to $170.00 and set a “buy” rating on the stock in a research note on Thursday. Wells Fargo & Company boosted their target price on shares of PepsiCo from $140.00 to $154.00 and gave the company an “equal weight” rating in a report on Friday, July 18th. Morgan Stanley raised their price target on PepsiCo from $153.00 to $165.00 and gave the stock an “equal weight” rating in a report on Friday, July 18th. JPMorgan Chase & Co. reduced their price target on PepsiCo from $150.00 to $139.00 and set a “neutral” rating for the company in a research report on Thursday, July 10th. Finally, Barclays increased their price objective on PepsiCo from $132.00 to $144.00 and gave the stock an “equal weight” rating in a report on Monday, July 21st. Four investment analysts have rated the stock with a Buy rating, fourteen have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $158.67.

View Our Latest Analysis on PepsiCo

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.

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