PepsiCo, Inc. $PEP Shares Purchased by Bell & Brown Wealth Advisors LLC

by · The Cerbat Gem

Bell & Brown Wealth Advisors LLC raised its stake in shares of PepsiCo, Inc. (NASDAQ:PEP – Free Report) by 1.5% in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 19,948 shares of the company’s stock after purchasing an additional 288 shares during the period. Bell & Brown Wealth Advisors LLC’s holdings in PepsiCo were worth $2,634,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Nova Wealth Management Inc. acquired a new position in PepsiCo during the first quarter worth approximately $25,000. Elite Financial Inc. acquired a new stake in shares of PepsiCo in the first quarter worth $28,000. Legend Financial Advisors Inc. acquired a new stake in shares of PepsiCo in the second quarter worth $29,000. Frazier Financial Advisors LLC increased its position in shares of 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. increased its position in shares of PepsiCo by 263.6% in the second quarter. Investment Research & Advisory Group Inc. now owns 320 shares of the company’s stock worth $42,000 after acquiring an additional 232 shares in the last quarter. Institutional investors and hedge funds own 73.07% of the company’s stock.

PepsiCo Price Performance

Shares of PEP stock opened at $153.71 on Friday. PepsiCo, Inc. has a twelve month low of $127.60 and a twelve month high of $177.50. The company has a current ratio of 0.91, a quick ratio of 0.72 and a debt-to-equity ratio of 2.26. The company has a market capitalization of $210.17 billion, a PE ratio of 29.22, a price-to-earnings-growth ratio of 3.71 and a beta of 0.46. The firm has a fifty day simple moving average of $145.51 and a 200-day simple moving average of $139.40.

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 firm had revenue of $23.94 billion for the quarter, compared to the consensus estimate of $23.91 billion. During the same period in the prior year, the firm posted $2.31 EPS. The firm’s 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. Equities research analysts anticipate that PepsiCo, Inc. will post 8.3 earnings per share for the current fiscal year.

PepsiCo Dividend Announcement

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

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on PEP. Wells Fargo & Company increased their price objective on shares of PepsiCo from $150.00 to $154.00 and gave the stock a “positive” rating in a research report on Friday, October 10th. The Goldman Sachs Group increased their price objective on shares of PepsiCo from $165.00 to $167.00 and gave the stock a “buy” rating in a research report on Friday, October 10th. UBS Group dropped their price objective on shares of PepsiCo from $175.00 to $170.00 and set a “buy” rating for the company in a research report on Thursday, September 11th. BNP Paribas Exane decreased their target price on shares of PepsiCo from $152.00 to $150.00 and set a “neutral” rating for the company in a research note on Monday, October 6th. Finally, Evercore ISI upped their target price on shares of PepsiCo from $150.00 to $152.00 in a research note on Friday, October 10th. Six research analysts have rated the stock with a Buy rating, fourteen have issued a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $156.00.

Get 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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