Stephens Consulting LLC Has $409,000 Holdings in PepsiCo, Inc. $PEP

Stephens Consulting LLC raised its holdings in PepsiCo, Inc. (NASDAQ:PEP) by 2.6% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 3,101 shares of the company’s stock after buying an additional 79 shares during the quarter. Stephens Consulting LLC’s holdings in PepsiCo were worth $409,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in the business. Vanguard Group Inc. lifted its stake in PepsiCo by 1.4% in the first quarter. Vanguard Group Inc. now owns 135,174,252 shares of the company’s stock valued at $20,268,027,000 after buying an additional 1,802,748 shares during the period. Charles Schwab Investment Management Inc. lifted its stake in PepsiCo by 5.0% in 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 buying an additional 1,258,198 shares during the period. Bank of New York Mellon Corp lifted its stake in PepsiCo by 0.4% in 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 buying an additional 49,699 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its stake in PepsiCo by 1.8% in 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 buying an additional 208,292 shares during the period. Finally, Invesco Ltd. raised its position in shares of PepsiCo by 4.5% during the first quarter. Invesco Ltd. now owns 11,328,158 shares of the company’s stock worth $1,698,544,000 after purchasing an additional 491,894 shares during the period. 73.07% of the stock is owned by institutional investors and hedge funds.

PepsiCo Stock Up 3.7%

Shares of NASDAQ:PEP opened at $150.08 on Monday. The company has a market capitalization of $205.47 billion, a PE ratio of 28.53, a price-to-earnings-growth ratio of 3.75 and a beta of 0.46. The company has a debt-to-equity ratio of 2.26, a current ratio of 0.91 and a quick ratio of 0.72. The business has a fifty day moving average price of $144.53 and a two-hundred day moving average price of $139.19. PepsiCo, Inc. has a 1 year low of $127.60 and a 1 year high of $177.50.

PepsiCo (NASDAQ:PEP) last announced its quarterly earnings data on Thursday, October 9th. The company reported $2.29 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.26 by $0.03. The firm had revenue of $23.94 billion during the quarter, compared to the consensus estimate of $23.91 billion. PepsiCo had a return on equity of 57.58% and a net margin of 7.82%.The business’s revenue for the quarter was up 2.7% on a year-over-year basis. During the same quarter in the prior year, the company earned $2.31 EPS. PepsiCo has set its FY 2025 guidance at 8.120-8.120 EPS. Analysts forecast that PepsiCo, Inc. will post 8.3 earnings per share for the current year.

PepsiCo Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, September 30th. Stockholders of record on Friday, September 5th were paid a dividend of $1.4225 per share. The ex-dividend date was Friday, September 5th. This represents a $5.69 annualized dividend and a dividend yield of 3.8%. PepsiCo’s dividend payout ratio is presently 108.17%.

Analysts Set New Price Targets

PEP has been the topic of a number of research reports. Cowen reaffirmed a “hold” rating on shares of PepsiCo in a research report on Thursday, July 17th. Wells Fargo & Company upped their target price on PepsiCo from $150.00 to $154.00 and gave the stock a “positive” rating in a research report on Friday. Barclays upped their target price on PepsiCo from $140.00 to $142.00 and gave the stock an “equal weight” rating in a research report on Friday. Morgan Stanley upped their target price on PepsiCo from $153.00 to $165.00 and gave the stock an “equal weight” rating in a research report on Friday, July 18th. Finally, Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating on shares of PepsiCo in a research report on Thursday, July 17th. Five analysts have rated the stock with a Buy rating and fourteen have assigned a Hold rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $157.75.

About PepsiCo

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.