SageView Advisory Group LLC Purchases 603 Shares of PepsiCo, Inc. $PEP

SageView Advisory Group LLC grew its stake in shares of PepsiCo, Inc. (NASDAQ:PEP) by 3.7% during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 16,858 shares of the company’s stock after buying an additional 603 shares during the quarter. SageView Advisory Group LLC’s holdings in PepsiCo were worth $2,528,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently made changes to their positions in PEP. Elite Financial Inc. purchased a new stake in shares of PepsiCo during the 1st quarter valued at $28,000. Measured Risk Portfolios Inc. purchased a new stake in shares of PepsiCo during the 4th quarter valued at $31,000. Sunbeam Capital Management LLC purchased a new stake in shares of PepsiCo during the 4th quarter valued at $47,000. MorganRosel Wealth Management LLC purchased a new position in PepsiCo in the 1st quarter worth $55,000. Finally, Migdal Insurance & Financial Holdings Ltd. purchased a new position in PepsiCo in the 1st quarter worth $58,000. Hedge funds and other institutional investors own 73.07% of the company’s stock.

PepsiCo Trading Up 1.0%

Shares of PEP opened at $143.10 on Wednesday. The firm’s 50-day moving average price is $143.35 and its 200-day moving average price is $140.74. The firm has a market capitalization of $195.91 billion, a price-to-earnings ratio of 26.07, a PEG ratio of 3.58 and a beta of 0.46. 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 1-year low of $127.60 and a 1-year high of $179.43.

PepsiCo (NASDAQ:PEP) last posted its quarterly earnings data on Thursday, July 17th. The company reported $2.12 EPS for the quarter, topping 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 business had revenue of $22.73 billion for the quarter, compared to analyst estimates of $22.28 billion. During the same quarter in the previous year, the firm posted $2.28 earnings per share. PepsiCo’s quarterly revenue was up 1.0% on a year-over-year basis. PepsiCo has set its FY 2025 guidance at 8.038-8.038 EPS. Sell-side analysts anticipate that PepsiCo, Inc. will post 8.3 EPS for the current year.

PepsiCo Announces Dividend

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

Analysts Set New Price Targets

PEP has been the topic of a number of analyst reports. Citigroup lifted their target price on shares of PepsiCo from $160.00 to $168.00 and gave the stock a “buy” rating in a research report on Friday, July 18th. Bank of America decreased their target price on shares of PepsiCo from $150.00 to $145.00 and set a “neutral” rating on the stock in a research report on Friday, July 11th. Wells Fargo & Company boosted their price objective on shares of PepsiCo from $140.00 to $154.00 and gave the company an “equal weight” rating in a research report on Friday, July 18th. Deutsche Bank Aktiengesellschaft restated a “buy” rating on shares of PepsiCo in a research report on Thursday, July 17th. Finally, Cowen restated a “hold” rating on shares of PepsiCo in a research report on Thursday, July 17th. Four research analysts have rated the stock with a Buy rating, fourteen have given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $158.60.

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.