Envestnet Portfolio Solutions Inc. Has $12.67 Million Stock Holdings in PepsiCo, Inc. $PEP

Envestnet Portfolio Solutions Inc. boosted its position in shares of PepsiCo, Inc. (NASDAQ:PEP) by 15.6% in the second quarter, according to the company in its most recent disclosure with the SEC. The firm owned 95,954 shares of the company’s stock after purchasing an additional 12,917 shares during the quarter. Envestnet Portfolio Solutions Inc.’s holdings in PepsiCo were worth $12,670,000 as of its most recent SEC filing.

Several other hedge funds also recently bought and sold shares of PEP. JSF Financial LLC increased its holdings in shares of PepsiCo by 3.8% in the second quarter. JSF Financial LLC now owns 1,897 shares of the company’s stock worth $250,000 after acquiring an additional 69 shares in the last quarter. Dogwood Wealth Management LLC increased its stake in PepsiCo by 15.4% during the 2nd quarter. Dogwood Wealth Management LLC now owns 539 shares of the company’s stock worth $73,000 after purchasing an additional 72 shares in the last quarter. Joel Isaacson & Co. LLC raised its holdings in PepsiCo by 0.5% during the 2nd quarter. Joel Isaacson & Co. LLC now owns 16,507 shares of the company’s stock worth $2,180,000 after buying an additional 74 shares during the period. Bull Street Advisors LLC lifted its stake in PepsiCo by 0.4% in the second quarter. Bull Street Advisors LLC now owns 19,902 shares of the company’s stock valued at $2,628,000 after buying an additional 74 shares in the last quarter. Finally, Centurion Wealth Management LLC boosted its holdings 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 valued at $273,000 after buying an additional 75 shares during the period. 73.07% of the stock is currently owned by institutional investors and hedge funds.

PepsiCo Stock Performance

PEP opened at $148.89 on Tuesday. The business’s 50-day simple moving average is $144.72 and its 200 day simple moving average is $139.18. PepsiCo, Inc. has a 52-week low of $127.60 and a 52-week high of $177.50. The company has a debt-to-equity ratio of 2.26, a quick ratio of 0.72 and a current ratio of 0.91. The firm has a market capitalization of $203.58 billion, a PE ratio of 28.31, a PEG ratio of 3.75 and a beta of 0.46.

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, topping analysts’ consensus estimates of $2.26 by $0.03. The company had revenue of $23.94 billion for the quarter, compared to analysts’ expectations of $23.91 billion. PepsiCo had a return on equity of 57.58% and a net margin of 7.82%.The business’s revenue was up 2.7% compared to the same quarter last year. During the same quarter in the prior year, the business posted $2.31 EPS. PepsiCo has set its FY 2025 guidance at 8.120-8.120 EPS. As a group, sell-side analysts expect that PepsiCo, Inc. will post 8.3 earnings per share for the current fiscal year.

PepsiCo Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, September 30th. Stockholders of record on Friday, September 5th were issued 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 of this dividend was Friday, September 5th. PepsiCo’s dividend payout ratio is presently 108.17%.

Analyst Ratings Changes

A number of brokerages recently commented on PEP. Weiss Ratings restated a “hold (c-)” rating on shares of PepsiCo in a report on Saturday, September 27th. Cowen reissued a “hold” rating on shares of PepsiCo in a research note on Thursday, July 17th. Morgan Stanley upped their price objective on PepsiCo from $153.00 to $165.00 and gave the stock an “equal weight” rating in a research report on Friday, July 18th. Deutsche Bank Aktiengesellschaft reissued a “buy” rating on shares of PepsiCo in a research report on Thursday, July 17th. Finally, BNP Paribas Exane reduced their price target on PepsiCo from $152.00 to $150.00 and set a “neutral” rating for the company in a research report on Monday, October 6th. Five analysts have rated the stock with a Buy rating and fourteen have issued a Hold rating to the company. According to MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $157.75.

PepsiCo 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.