RMG Wealth Management LLC Purchases New Position in PepsiCo, Inc. $PEP

RMG Wealth Management LLC purchased a new stake in PepsiCo, Inc. (NASDAQ:PEP) in the 2nd quarter, HoldingsChannel reports. The fund purchased 314 shares of the company’s stock, valued at approximately $45,000.

Other large investors have also recently added to or reduced their stakes in the company. Vanguard Group Inc. grew its stake in shares of PepsiCo by 1.4% during the first quarter. Vanguard Group Inc. now owns 135,174,252 shares of the company’s stock valued at $20,268,027,000 after acquiring an additional 1,802,748 shares in the last quarter. Charles Schwab Investment Management Inc. grew its stake in shares of PepsiCo by 5.0% during the first quarter. Charles Schwab Investment Management Inc. now owns 26,475,241 shares of the company’s stock valued at $3,969,698,000 after acquiring an additional 1,258,198 shares in the last quarter. Bank of New York Mellon Corp grew its stake in shares of PepsiCo by 0.4% during the first quarter. Bank of New York Mellon Corp now owns 14,062,857 shares of the company’s stock valued at $2,108,585,000 after acquiring an additional 49,699 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its stake in shares of PepsiCo by 1.8% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 11,525,812 shares of the company’s stock valued at $1,728,180,000 after acquiring an additional 208,292 shares in the last quarter. Finally, Invesco Ltd. grew its stake in shares of PepsiCo by 4.5% during the first quarter. Invesco Ltd. now owns 11,328,158 shares of the company’s stock valued at $1,698,544,000 after acquiring an additional 491,894 shares in the last quarter. 73.07% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on the company. Weiss Ratings restated a “hold (c-)” rating on shares of PepsiCo in a research note on Saturday, September 27th. Wells Fargo & Company lowered their target price 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. BNP Paribas Exane decreased their price target on PepsiCo from $152.00 to $150.00 and set a “neutral” rating for the company in a research note on Monday. Royal Bank Of Canada decreased their price target 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. Finally, UBS Group decreased their price target on PepsiCo from $175.00 to $170.00 and set a “buy” rating for the company in a research note on Thursday, September 11th. Four investment analysts have rated the stock with a Buy rating, fifteen have assigned a Hold rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $158.13.

PepsiCo Stock Performance

Shares of NASDAQ PEP opened at $140.79 on Wednesday. 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’s 50-day moving average price is $144.26 and its two-hundred day moving average price is $139.31. PepsiCo, Inc. has a 52-week low of $127.60 and a 52-week high of $177.50. The stock has a market capitalization of $192.75 billion, a P/E ratio of 25.64, a P/E/G ratio of 3.53 and a beta of 0.46.

PepsiCo (NASDAQ:PEP) last issued 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 analysts’ expectations of $22.28 billion. During the same quarter last year, the company posted $2.28 earnings per share. PepsiCo’s revenue was up 1.0% on a year-over-year basis. PepsiCo has set its FY 2025 guidance at 8.038-8.038 EPS. As a group, sell-side analysts forecast that PepsiCo, Inc. will post 8.3 earnings per share for the current year.

PepsiCo Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, September 30th. Stockholders of record on Friday, September 5th were issued 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 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.