Franklin Parlapiano Turner & Welch LLC Has $6.74 Million Position in PepsiCo, Inc. $PEP

Franklin Parlapiano Turner & Welch LLC raised its stake in PepsiCo, Inc. (NASDAQ:PEP) by 7.8% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 51,065 shares of the company’s stock after acquiring an additional 3,707 shares during the quarter. PepsiCo makes up approximately 1.8% of Franklin Parlapiano Turner & Welch LLC’s investment portfolio, making the stock its 23rd largest position. Franklin Parlapiano Turner & Welch LLC’s holdings in PepsiCo were worth $6,743,000 as of its most recent SEC filing.

Several other hedge funds have also bought and sold shares of PEP. JSF Financial LLC increased its position in shares of PepsiCo by 3.8% during the second quarter. JSF Financial LLC now owns 1,897 shares of the company’s stock valued at $250,000 after buying an additional 69 shares during the period. Dogwood Wealth Management LLC increased its holdings in shares of PepsiCo by 15.4% during the second quarter. Dogwood Wealth Management LLC now owns 539 shares of the company’s stock valued at $73,000 after acquiring an additional 72 shares in the last quarter. Joel Isaacson & Co. LLC boosted its position in shares of PepsiCo by 0.5% during the second quarter. Joel Isaacson & Co. LLC now owns 16,507 shares of the company’s stock valued at $2,180,000 after buying an additional 74 shares during the last quarter. Centurion Wealth Management LLC raised its stake in shares of PepsiCo by 3.8% in the second quarter. Centurion Wealth Management LLC now owns 2,068 shares of the company’s stock worth $273,000 after buying an additional 75 shares during the period. Finally, SK Wealth Management LLC increased its stake in PepsiCo by 3.3% in the 2nd quarter. SK Wealth Management LLC now owns 2,375 shares of the company’s stock worth $319,000 after acquiring an additional 75 shares during the last quarter. Institutional investors and hedge funds own 73.07% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts recently issued reports on PEP shares. Barclays upped their target price on PepsiCo from $140.00 to $142.00 and gave the company an “equal weight” rating in a research report on Friday. Cowen reaffirmed a “hold” rating on shares of PepsiCo in a report on Thursday, July 17th. BNP Paribas Exane lowered their price target on PepsiCo from $152.00 to $150.00 and set a “neutral” rating on the stock in a report on Monday, October 6th. Weiss Ratings reiterated a “hold (c-)” rating on shares of PepsiCo in a report on Saturday, September 27th. Finally, Citigroup dropped their price target on PepsiCo from $168.00 to $165.00 and set a “buy” rating on the stock in a report on Thursday, September 25th. Five research analysts have rated the stock with a Buy rating and fourteen have issued a Hold rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $158.88.

PepsiCo Stock Performance

Shares of PEP stock opened at $150.08 on Friday. 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 company has a market capitalization of $205.47 billion, a price-to-earnings ratio of 28.53, a PEG ratio of 3.76 and a beta of 0.46. PepsiCo, Inc. has a 52 week low of $127.60 and a 52 week high of $177.50. The company has a 50-day simple moving average of $144.53 and a 200 day simple moving average of $139.26.

PepsiCo (NASDAQ:PEP) last released its quarterly earnings data on Thursday, October 9th. The company reported $2.29 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.26 by $0.03. PepsiCo had a net margin of 7.82% and a return on equity of 58.46%. The business had revenue of $23.94 billion during the quarter, compared to analysts’ expectations of $23.91 billion. During the same period in the prior year, the company earned $2.31 EPS. The firm’s quarterly revenue was up 2.7% compared to the same quarter last year. PepsiCo has set its FY 2025 guidance at 8.120-8.120 EPS. On average, sell-side analysts predict that PepsiCo, Inc. will post 8.3 earnings per share for the current year.

PepsiCo Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 30th. Shareholders of record on Friday, September 5th were given a $1.4225 dividend. The ex-dividend date of this dividend was Friday, September 5th. This represents a $5.69 annualized dividend and a yield of 3.8%. PepsiCo’s payout ratio is currently 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.