Ameriflex Group Inc. Has $385,000 Position in PepsiCo, Inc. $PEP

Ameriflex Group Inc. reduced its holdings in PepsiCo, Inc. (NASDAQ:PEP) by 30.8% during the 2nd quarter, Holdings Channel reports. The institutional investor owned 3,003 shares of the company’s stock after selling 1,339 shares during the quarter. Ameriflex Group Inc.’s holdings in PepsiCo were worth $385,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Nova Wealth Management Inc. acquired a new position in shares of PepsiCo during the 1st quarter worth about $25,000. Elite Financial Inc. acquired a new position in shares of PepsiCo during the 1st quarter worth about $28,000. Legend Financial Advisors Inc. acquired a new position in shares of PepsiCo during the 2nd quarter worth about $29,000. Investment Research & Advisory Group Inc. increased its stake in shares of PepsiCo by 263.6% during the 2nd quarter. Investment Research & Advisory Group Inc. now owns 320 shares of the company’s stock worth $42,000 after purchasing an additional 232 shares during the last quarter. Finally, MorganRosel Wealth Management LLC acquired a new position in shares of PepsiCo during the 1st quarter worth about $55,000. 73.07% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research analysts have recently weighed in on the stock. Morgan Stanley boosted their price objective 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. UBS Group lowered their price objective on shares of PepsiCo from $175.00 to $170.00 and set a “buy” rating on the stock in a research note on Thursday, September 11th. JPMorgan Chase & Co. decreased their price target on shares of PepsiCo from $150.00 to $139.00 and set a “neutral” rating on the stock in a research note on Thursday, July 10th. Wells Fargo & Company lowered their price target on shares of PepsiCo from $154.00 to $150.00 and set an “equal weight” rating on the stock in a report on Thursday, September 25th. Finally, Cowen reissued a “hold” rating on shares of PepsiCo in a report on Thursday, July 17th. Four equities research analysts have rated the stock with a Buy rating, fourteen have given a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat, PepsiCo presently has an average rating of “Hold” and a consensus price target of $157.87.

PepsiCo Stock Performance

Shares of NASDAQ:PEP opened at $141.98 on Friday. The company’s 50 day moving average price is $144.36 and its two-hundred day moving average price is $139.45. PepsiCo, Inc. has a 12-month low of $127.60 and a 12-month high of $177.50. The firm has a market cap of $194.38 billion, a PE ratio of 25.86, a PEG ratio of 3.59 and a beta of 0.46. 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 (NASDAQ:PEP) last announced its earnings results on Thursday, July 17th. The company reported $2.12 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 for the quarter, compared to analyst estimates of $22.28 billion. During the same quarter in the prior year, the business posted $2.28 EPS. The business’s 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. Equities research analysts predict that PepsiCo, Inc. will post 8.3 earnings per share for the current year.

PepsiCo Announces Dividend

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. This represents a $5.69 dividend on an annualized basis and a dividend yield of 4.0%. The ex-dividend date was Friday, September 5th. PepsiCo’s dividend payout ratio is presently 103.64%.

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.