Goldstone Financial Group LLC Has $1.18 Million Holdings in PepsiCo, Inc. $PEP

Goldstone Financial Group LLC increased its stake in shares of PepsiCo, Inc. (NASDAQ:PEP) by 65.7% during the 2nd quarter, Holdings Channel reports. The fund owned 8,723 shares of the company’s stock after acquiring an additional 3,460 shares during the period. Goldstone Financial Group LLC’s holdings in PepsiCo were worth $1,181,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also bought and sold shares of the stock. Bard Financial Services Inc. boosted its stake in PepsiCo by 1.3% during the second quarter. Bard Financial Services Inc. now owns 74,836 shares of the company’s stock worth $9,881,000 after acquiring an additional 965 shares in the last quarter. Heartwood Wealth Advisors LLC boosted its stake in PepsiCo by 18.5% during the second quarter. Heartwood Wealth Advisors LLC now owns 7,011 shares of the company’s stock worth $926,000 after acquiring an additional 1,094 shares in the last quarter. Gradient Investments LLC boosted its stake in PepsiCo by 0.7% during the second quarter. Gradient Investments LLC now owns 90,493 shares of the company’s stock worth $11,949,000 after acquiring an additional 646 shares in the last quarter. S.E.E.D. Planning Group LLC boosted its stake in PepsiCo by 119.2% during the second quarter. S.E.E.D. Planning Group LLC now owns 23,476 shares of the company’s stock worth $3,100,000 after acquiring an additional 12,766 shares in the last quarter. Finally, Gallacher Capital Management LLC boosted its stake in PepsiCo by 1.7% during the second quarter. Gallacher Capital Management LLC now owns 107,357 shares of the company’s stock worth $14,175,000 after acquiring an additional 1,845 shares in the last quarter. 73.07% of the stock is owned by institutional investors.

PepsiCo Stock Down 0.5%

PEP opened at $143.53 on Monday. The company has a debt-to-equity ratio of 2.12, a current ratio of 0.78 and a quick ratio of 0.60. The company’s 50-day moving average is $143.81 and its 200 day moving average is $140.44. PepsiCo, Inc. has a fifty-two week low of $127.60 and a fifty-two week high of $179.43. The firm has a market capitalization of $196.50 billion, a P/E ratio of 26.14, a PEG ratio of 3.63 and a beta of 0.46.

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

PepsiCo Announces Dividend

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

Wall Street Analysts Forecast Growth

PEP has been the topic of several research analyst reports. UBS Group cut their target price on shares of PepsiCo from $175.00 to $170.00 and set a “buy” rating on the stock in a research note on Thursday. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating on shares of PepsiCo in a research note on Thursday, July 17th. Citigroup raised their price objective on shares of PepsiCo from $160.00 to $168.00 and gave the company a “buy” rating in a research note on Friday, July 18th. Wells Fargo & Company raised their price objective on shares of PepsiCo from $140.00 to $154.00 and gave the company an “equal weight” rating in a research note on Friday, July 18th. Finally, JPMorgan Chase & Co. dropped their price objective on shares of PepsiCo from $150.00 to $139.00 and set a “neutral” rating on the stock in a research note on Thursday, July 10th. Four investment analysts have rated the stock with a Buy rating, fourteen have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, PepsiCo has an average rating of “Hold” and a consensus target price of $158.67.

About PepsiCo

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.