Sunbeam Capital Management LLC Purchases New Position in PepsiCo, Inc. $PEP

Sunbeam Capital Management LLC purchased a new stake in shares of PepsiCo, Inc. (NASDAQ:PEP) in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 1,890 shares of the company’s stock, valued at approximately $250,000.

Several other institutional investors also recently bought and sold shares of PEP. JSF Financial LLC grew its position in PepsiCo by 3.8% during the second quarter. JSF Financial LLC now owns 1,897 shares of the company’s stock valued at $250,000 after acquiring an additional 69 shares during the period. Dogwood Wealth Management LLC lifted its stake in shares of 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 in the last quarter. Centurion Wealth Management LLC lifted its stake in shares of PepsiCo by 3.8% during the second quarter. Centurion Wealth Management LLC now owns 2,068 shares of the company’s stock worth $273,000 after purchasing an additional 75 shares in the last quarter. SK Wealth Management LLC lifted its stake in shares of PepsiCo by 3.3% during the second quarter. SK Wealth Management LLC now owns 2,375 shares of the company’s stock worth $319,000 after purchasing an additional 75 shares in the last quarter. Finally, Pflug Koory LLC lifted its stake in shares of PepsiCo by 1.0% during the first quarter. Pflug Koory LLC now owns 7,750 shares of the company’s stock worth $1,162,000 after purchasing an additional 76 shares in the last quarter. 73.07% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on PEP shares. Morgan Stanley boosted their price objective on 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 restated a “buy” rating on shares of PepsiCo in a research note on Thursday, July 17th. Royal Bank Of Canada reduced their price objective on PepsiCo from $146.00 to $145.00 and set a “sector perform” rating on the stock in a research note on Monday, September 15th. Weiss Ratings restated a “hold (c-)” rating on shares of PepsiCo in a research note on Saturday, September 27th. Finally, Barclays reiterated a “cautious” rating on shares of PepsiCo in a research note on Friday. Four equities research analysts have rated the stock with a Buy rating, fifteen have issued a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $158.13.

PepsiCo Stock Down 1.6%

Shares of PepsiCo stock opened at $139.70 on Tuesday. The company has a quick ratio of 0.60, a current ratio of 0.78 and a debt-to-equity ratio of 2.12. The firm has a market cap of $191.26 billion, a P/E ratio of 25.45, a P/E/G ratio of 3.58 and a beta of 0.46. PepsiCo, Inc. has a fifty-two week low of $127.60 and a fifty-two week high of $177.50. The business has a 50-day moving average price of $144.32 and a 200 day moving average price of $139.30.

PepsiCo (NASDAQ:PEP) last posted 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. The company had revenue of $22.73 billion during 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 business’s 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 earnings per share. PepsiCo has set its FY 2025 guidance at 8.038-8.038 EPS. On average, sell-side analysts forecast that PepsiCo, Inc. will post 8.3 earnings per share for the current fiscal year.

PepsiCo Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, September 30th. Investors of record on Friday, September 5th were issued a $1.4225 dividend. This represents a $5.69 dividend on an annualized basis and a yield of 4.1%. The ex-dividend date of this dividend was Friday, September 5th. PepsiCo’s dividend payout ratio is 103.64%.

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.