Envestnet Portfolio Solutions Inc. Has $12.67 Million Stock Holdings in PepsiCo, Inc. $PEP

Envestnet Portfolio Solutions Inc. increased its holdings in shares of PepsiCo, Inc. (NASDAQ:PEP) by 15.6% during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 95,954 shares of the company’s stock after acquiring an additional 12,917 shares during the period. Envestnet Portfolio Solutions Inc.’s holdings in PepsiCo were worth $12,670,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Oregon Public Employees Retirement Fund lifted its position in shares of PepsiCo by 0.5% during the 2nd quarter. Oregon Public Employees Retirement Fund now owns 118,501 shares of the company’s stock worth $15,647,000 after buying an additional 600 shares during the period. Astoria Portfolio Advisors LLC. lifted its holdings in shares of PepsiCo by 5.7% during the second quarter. Astoria Portfolio Advisors LLC. now owns 4,862 shares of the company’s stock valued at $703,000 after acquiring an additional 261 shares during the period. Concord Asset Management LLC VA boosted its stake in shares of PepsiCo by 29.4% in the 2nd quarter. Concord Asset Management LLC VA now owns 8,880 shares of the company’s stock valued at $1,172,000 after purchasing an additional 2,016 shares in the last quarter. Vest Financial LLC grew its holdings in shares of PepsiCo by 4.8% in the 2nd quarter. Vest Financial LLC now owns 395,696 shares of the company’s stock worth $52,248,000 after purchasing an additional 18,156 shares during the last quarter. Finally, M.E. Allison & CO. Inc. bought a new position in PepsiCo during the 2nd quarter valued at about $214,000. Institutional investors own 73.07% of the company’s stock.

PepsiCo Price Performance

Shares of PEP stock opened at $148.89 on Tuesday. The firm has a market cap of $203.58 billion, a price-to-earnings ratio of 28.31, a PEG ratio of 3.75 and a beta of 0.46. PepsiCo, Inc. has a 12 month low of $127.60 and a 12 month high of $177.50. The company has a quick ratio of 0.72, a current ratio of 0.91 and a debt-to-equity ratio of 2.26. The stock has a 50-day moving average price of $144.72 and a 200 day moving average price of $139.18.

PepsiCo (NASDAQ:PEP) last issued its earnings results on Thursday, October 9th. The company reported $2.29 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.26 by $0.03. The company had revenue of $23.94 billion for the quarter, compared to analyst estimates of $23.91 billion. PepsiCo had a net margin of 7.82% and a return on equity of 57.58%. The company’s revenue for the quarter was up 2.7% on a year-over-year basis. During the same quarter last year, the firm earned $2.31 EPS. PepsiCo has set its FY 2025 guidance at 8.120-8.120 EPS. Research analysts expect that PepsiCo, Inc. will post 8.3 EPS for the current year.

PepsiCo Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, September 30th. Shareholders of record on Friday, September 5th were given a dividend of $1.4225 per share. The ex-dividend date was Friday, September 5th. This represents a $5.69 annualized dividend and a dividend yield of 3.8%. PepsiCo’s payout ratio is presently 108.17%.

Wall Street Analysts Forecast Growth

Several analysts have weighed in on PEP shares. 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 report on Thursday, September 11th. Wells Fargo & Company raised their price target on PepsiCo from $150.00 to $154.00 and gave the company a “positive” rating in a report on Friday. JPMorgan Chase & Co. reduced their price objective on PepsiCo from $157.00 to $151.00 and set a “neutral” rating on the stock in a research note on Monday, October 6th. Bank of America raised their target price on PepsiCo from $150.00 to $155.00 and gave the company a “neutral” rating in a research note on Friday. Finally, Evercore ISI upped their price target on shares of PepsiCo from $150.00 to $152.00 in a research report on Friday. Five research analysts have rated the stock with a Buy rating and fourteen have given a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $157.75.

PepsiCo 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.