SOA Wealth Advisors LLC. Has $515,000 Position in PepsiCo, Inc. $PEP

SOA Wealth Advisors LLC. decreased its position in PepsiCo, Inc. (NASDAQ:PEP) by 15.4% during the 2nd quarter, HoldingsChannel reports. The fund owned 3,904 shares of the company’s stock after selling 711 shares during the quarter. SOA Wealth Advisors LLC.’s holdings in PepsiCo were worth $515,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Dogwood Wealth Management LLC boosted its holdings in PepsiCo by 15.4% during the second quarter. Dogwood Wealth Management LLC now owns 539 shares of the company’s stock worth $73,000 after purchasing an additional 72 shares during the last quarter. First Pacific Financial boosted its stake in shares of PepsiCo by 3,466.9% during the 2nd quarter. First Pacific Financial now owns 20,795 shares of the company’s stock worth $2,746,000 after buying an additional 20,212 shares during the last quarter. Trilogy Capital Inc. grew its holdings in shares of PepsiCo by 679.7% in the 2nd quarter. Trilogy Capital Inc. now owns 27,164 shares of the company’s stock valued at $3,587,000 after acquiring an additional 23,680 shares in the last quarter. QTR Family Wealth LLC bought a new stake in PepsiCo during the second quarter worth about $225,000. Finally, Ninety One UK Ltd boosted its position in PepsiCo by 0.5% during the second quarter. Ninety One UK Ltd now owns 97,900 shares of the company’s stock valued at $12,927,000 after purchasing an additional 491 shares during the last quarter. 73.07% of the stock is currently owned by institutional investors and hedge funds.

PepsiCo Price Performance

PepsiCo stock opened at $143.14 on Thursday. The company has a market capitalization of $195.97 billion, a price-to-earnings ratio of 26.07, a PEG ratio of 3.54 and a beta of 0.46. The stock’s 50 day moving average is $144.43 and its 200-day moving average is $139.56. The company has a current ratio of 0.78, a quick ratio of 0.60 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 $177.50.

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

PepsiCo Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, September 30th. Shareholders of record on Friday, September 5th were issued a $1.4225 dividend. The ex-dividend date of this dividend was Friday, September 5th. This represents a $5.69 dividend on an annualized basis and a yield of 4.0%. PepsiCo’s payout ratio is currently 103.64%.

Analysts Set New Price Targets

Several research analysts have weighed in on the company. Barclays boosted their price target on PepsiCo from $132.00 to $144.00 and gave the stock an “equal weight” rating in a research report on Monday, July 21st. JPMorgan Chase & Co. lowered their target price on shares of PepsiCo from $150.00 to $139.00 and set a “neutral” rating on the stock in a report on Thursday, July 10th. Wells Fargo & Company cut their price target on shares of PepsiCo from $154.00 to $150.00 and set an “equal weight” rating for the company in a research note on Thursday, September 25th. Royal Bank Of Canada dropped their target price on shares of PepsiCo from $146.00 to $145.00 and set a “sector perform” rating on the stock in a report on Monday, September 15th. Finally, Citigroup cut their target price on shares of PepsiCo from $168.00 to $165.00 and set a “buy” rating for the company in a research note on Thursday, September 25th. Four equities research 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. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $158.13.

PepsiCo Company Profile

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.