Astoria Portfolio Advisors LLC. Purchases 261 Shares of PepsiCo, Inc. $PEP

Astoria Portfolio Advisors LLC. boosted its position in PepsiCo, Inc. (NASDAQ:PEP) by 5.7% in the 2nd quarter, HoldingsChannel.com reports. The firm owned 4,862 shares of the company’s stock after buying an additional 261 shares during the period. Astoria Portfolio Advisors LLC.’s holdings in PepsiCo were worth $703,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also added to or reduced their stakes in the company. Claris Advisors LLC MO boosted its stake in PepsiCo by 14.1% in the 2nd quarter. Claris Advisors LLC MO now owns 2,490 shares of the company’s stock valued at $329,000 after purchasing an additional 308 shares during the period. Foster Group Inc. boosted its stake in PepsiCo by 4.6% in the 2nd quarter. Foster Group Inc. now owns 5,169 shares of the company’s stock valued at $683,000 after purchasing an additional 229 shares during the period. Asset Management One Co. Ltd. boosted its stake in PepsiCo by 3.6% in the 1st quarter. Asset Management One Co. Ltd. now owns 630,906 shares of the company’s stock valued at $94,598,000 after purchasing an additional 21,859 shares during the period. Ignite Planners LLC boosted its stake in PepsiCo by 4.2% in the 1st quarter. Ignite Planners LLC now owns 3,773 shares of the company’s stock valued at $566,000 after purchasing an additional 151 shares during the period. Finally, Merit Financial Group LLC raised its holdings in PepsiCo by 46.4% in the 2nd quarter. Merit Financial Group LLC now owns 114,344 shares of the company’s stock valued at $15,098,000 after acquiring an additional 36,239 shares in the last quarter. 73.07% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on PEP shares. Citigroup dropped their price objective on PepsiCo from $168.00 to $165.00 and set a “buy” rating for the company in a report on Thursday, September 25th. UBS Group dropped their price objective on PepsiCo from $175.00 to $170.00 and set a “buy” rating for the company in a report on Thursday, September 11th. Cowen reissued a “hold” rating on shares of PepsiCo in a report on Thursday, July 17th. Wells Fargo & Company boosted their price target on PepsiCo from $150.00 to $154.00 and gave the stock a “positive” rating in a report on Friday. Finally, Bank of America boosted their price target on PepsiCo from $150.00 to $155.00 and gave the stock a “neutral” rating in a report on Friday. Five equities research analysts have rated the stock with a Buy rating and fourteen have issued a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $157.75.

PepsiCo Price Performance

Shares of PEP opened at $150.08 on Monday. PepsiCo, Inc. has a 12-month low of $127.60 and a 12-month high of $177.50. The business has a 50-day simple moving average of $144.53 and a two-hundred day simple moving average of $139.19. The company has a quick ratio of 0.72, a current ratio of 0.91 and a debt-to-equity ratio of 2.26. The stock has a market cap of $205.47 billion, a PE ratio of 28.53, a PEG ratio of 3.75 and a beta of 0.46.

PepsiCo (NASDAQ:PEP) last issued its earnings results 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 return on equity of 57.58% and a net margin of 7.82%.The business had revenue of $23.94 billion during the quarter, compared to analysts’ expectations of $23.91 billion. During the same quarter in the prior year, the firm earned $2.31 EPS. The business’s revenue for the quarter was up 2.7% compared to the same quarter last year. PepsiCo has set its FY 2025 guidance at 8.120-8.120 EPS. Analysts anticipate that PepsiCo, Inc. will post 8.3 earnings per share for the current fiscal year.

PepsiCo Dividend Announcement

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

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.