Etesian Wealth Advisors Inc. Lowers Stock Position in PepsiCo, Inc. $PEP

Etesian Wealth Advisors Inc. cut its holdings in shares of PepsiCo, Inc. (NASDAQ:PEP) by 28.4% during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 4,541 shares of the company’s stock after selling 1,805 shares during the quarter. Etesian Wealth Advisors Inc.’s holdings in PepsiCo were worth $600,000 at the end of the most recent quarter.

Other large investors have also recently made changes to their positions in the company. Claris Advisors LLC MO raised its stake in shares of PepsiCo by 14.1% during the second quarter. Claris Advisors LLC MO now owns 2,490 shares of the company’s stock worth $329,000 after acquiring an additional 308 shares in the last quarter. Foster Group Inc. raised its stake in shares of PepsiCo by 4.6% during the second quarter. Foster Group Inc. now owns 5,169 shares of the company’s stock worth $683,000 after acquiring an additional 229 shares in the last quarter. Asset Management One Co. Ltd. raised its stake in shares of PepsiCo by 3.6% during the first quarter. Asset Management One Co. Ltd. now owns 630,906 shares of the company’s stock worth $94,598,000 after acquiring an additional 21,859 shares in the last quarter. Ignite Planners LLC raised its stake in shares of PepsiCo by 4.2% during the first quarter. Ignite Planners LLC now owns 3,773 shares of the company’s stock worth $566,000 after acquiring an additional 151 shares in the last quarter. Finally, Merit Financial Group LLC raised its stake in shares of PepsiCo by 46.4% during the second quarter. Merit Financial Group LLC now owns 114,344 shares of the company’s stock worth $15,098,000 after acquiring an additional 36,239 shares in the last quarter. 73.07% of the stock is owned by hedge funds and other institutional investors.

PepsiCo Stock Performance

NASDAQ:PEP opened at $144.71 on Friday. The stock has a market cap of $198.12 billion, a P/E ratio of 26.36, a price-to-earnings-growth ratio of 3.50 and a beta of 0.46. The firm’s fifty day simple moving average is $144.32 and its 200 day simple moving average is $139.29. PepsiCo, Inc. has a twelve month low of $127.60 and a twelve month high of $177.50. 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 released its quarterly earnings results on Thursday, October 9th. The company reported $2.29 earnings per share for the quarter, beating the consensus estimate of $2.26 by $0.03. The business had revenue of $23.94 billion for the quarter, compared to analysts’ expectations of $23.91 billion. PepsiCo had a net margin of 8.23% and a return on equity of 57.81%. The firm’s revenue for the quarter was up 2.7% compared to the same quarter last year. During the same quarter in the previous year, the business posted $2.31 earnings per share. PepsiCo has set its FY 2025 guidance at 8.120-8.120 EPS. As a group, research analysts predict that PepsiCo, Inc. will post 8.3 EPS for the current year.

PepsiCo Dividend Announcement

The company also recently disclosed 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 of this dividend was Friday, September 5th. This represents a $5.69 annualized dividend and a yield of 3.9%. PepsiCo’s dividend payout ratio (DPR) is currently 103.64%.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on PEP shares. Morgan Stanley raised their target price on shares of PepsiCo from $153.00 to $165.00 and gave the stock an “equal weight” rating in a report on Friday, July 18th. Weiss Ratings restated a “hold (c-)” rating on shares of PepsiCo in a report on Saturday, September 27th. Deutsche Bank Aktiengesellschaft restated a “buy” rating on shares of PepsiCo in a report on Thursday, July 17th. JPMorgan Chase & Co. cut their target price on shares of PepsiCo from $157.00 to $151.00 and set a “neutral” rating on the stock in a report on Monday. Finally, Cowen restated a “hold” rating on shares of PepsiCo in a report on Thursday, July 17th. Four investment analysts have rated the stock with a Buy rating, fourteen have issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $158.13.

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.