IVC Wealth Advisors LLC Purchases 105 Shares of PepsiCo, Inc. $PEP

IVC Wealth Advisors LLC boosted its position in shares of PepsiCo, Inc. (NASDAQ:PEP) by 2.1% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 5,120 shares of the company’s stock after buying an additional 105 shares during the period. IVC Wealth Advisors LLC’s holdings in PepsiCo were worth $676,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Nova Wealth Management Inc. bought a new position in PepsiCo during the first quarter valued at approximately $25,000. Elite Financial Inc. bought a new position in PepsiCo during the first quarter valued at approximately $28,000. Legend Financial Advisors Inc. bought a new position in PepsiCo during the second quarter valued at approximately $29,000. Investment Research & Advisory Group Inc. boosted its stake in PepsiCo by 263.6% during the second quarter. Investment Research & Advisory Group Inc. now owns 320 shares of the company’s stock valued at $42,000 after buying an additional 232 shares during the last quarter. Finally, MorganRosel Wealth Management LLC bought a new position in PepsiCo during the first quarter valued at approximately $55,000. 73.07% of the stock is owned by institutional investors.

PepsiCo Price Performance

Shares of PEP stock opened at $141.98 on Friday. PepsiCo, Inc. has a 52-week low of $127.60 and a 52-week high of $177.50. The company has a debt-to-equity ratio of 2.12, a quick ratio of 0.60 and a current ratio of 0.78. The firm has a market capitalization of $194.38 billion, a P/E ratio of 25.86, a P/E/G ratio of 3.58 and a beta of 0.46. The stock has a 50 day moving average price of $144.36 and a 200 day moving average price of $139.39.

PepsiCo (NASDAQ:PEP) last issued its quarterly 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 return on equity of 57.81% and a net margin of 8.23%.The firm had revenue of $22.73 billion during the quarter, compared to analyst estimates of $22.28 billion. During the same period last year, the company earned $2.28 EPS. PepsiCo’s quarterly 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. As a group, sell-side analysts predict that PepsiCo, Inc. will post 8.3 earnings per share for the current year.

PepsiCo Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, September 30th. Investors of record on Friday, September 5th were paid 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 of this dividend was Friday, September 5th. PepsiCo’s dividend payout ratio (DPR) is currently 103.64%.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on the company. Royal Bank Of Canada lowered their price objective on PepsiCo from $146.00 to $145.00 and set a “sector perform” rating for the company in a research note on Monday, September 15th. Morgan Stanley raised their price objective on PepsiCo from $153.00 to $165.00 and gave the company an “equal weight” rating in a research note on Friday, July 18th. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating on shares of PepsiCo in a research note on Thursday, July 17th. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of PepsiCo in a research note on Saturday, September 27th. Finally, Wells Fargo & Company lowered their price objective on PepsiCo from $154.00 to $150.00 and set an “equal weight” rating for the company in a research note on Thursday, September 25th. Four analysts have rated the stock with a Buy rating, fourteen have given a Hold rating and two have issued a Sell rating to the company. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $157.87.

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.