Family Legacy Financial Solutions LLC Takes $255,000 Position in PepsiCo, Inc. $PEP

Family Legacy Financial Solutions LLC purchased a new stake in PepsiCo, Inc. (NASDAQ:PEP) during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 1,932 shares of the company’s stock, valued at approximately $255,000.

Other institutional investors and hedge funds have also modified their holdings of the company. Nova Wealth Management Inc. purchased a new position in shares of PepsiCo during the first quarter valued at approximately $25,000. Elite Financial Inc. purchased a new position in PepsiCo during the first quarter worth approximately $28,000. Sunbeam Capital Management LLC purchased a new position in PepsiCo during the fourth quarter worth approximately $47,000. MorganRosel Wealth Management LLC purchased a new position in PepsiCo during the first quarter worth approximately $55,000. Finally, Migdal Insurance & Financial Holdings Ltd. purchased a new position in PepsiCo during the first quarter worth approximately $58,000. Hedge funds and other institutional investors own 73.07% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have weighed in on PEP. Barclays increased their price target on shares of PepsiCo from $132.00 to $144.00 and gave the stock an “equal weight” rating in a research note on Monday, July 21st. Morgan Stanley increased their price target on shares of PepsiCo from $153.00 to $165.00 and gave the stock an “equal weight” rating in a research note on Friday, July 18th. Deutsche Bank Aktiengesellschaft reissued a “buy” rating on shares of PepsiCo in a research note on Thursday, July 17th. Royal Bank Of Canada cut their target price on shares of PepsiCo from $146.00 to $145.00 and set a “sector perform” rating on the stock in a research note on Monday. Finally, UBS Group lowered their price target on shares of PepsiCo from $175.00 to $170.00 and set a “buy” rating for the company in a report on Thursday, September 11th. Four investment analysts have rated the stock with a Buy rating, fourteen have given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $158.60.

PepsiCo Stock Performance

PEP stock opened at $141.23 on Thursday. The firm has a 50 day moving average of $144.16 and a two-hundred day moving average of $140.36. The company has a quick ratio of 0.60, a current ratio of 0.78 and a debt-to-equity ratio of 2.12. PepsiCo, Inc. has a 12 month low of $127.60 and a 12 month high of $178.06. The company has a market capitalization of $193.36 billion, a price-to-earnings ratio of 25.72, a P/E/G ratio of 3.54 and a beta of 0.46.

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

PepsiCo Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 30th. Investors of record on Friday, September 5th will be given a dividend of $1.4225 per share. The ex-dividend date 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 (DPR) is 103.64%.

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.