Canvas Wealth Advisors LLC Has $278,000 Position in PepsiCo, Inc. $PEP

Canvas Wealth Advisors LLC boosted its stake in PepsiCo, Inc. (NASDAQ:PEP) by 9.9% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 1,961 shares of the company’s stock after purchasing an additional 177 shares during the quarter. Canvas Wealth Advisors LLC’s holdings in PepsiCo were worth $278,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in PEP. JSF Financial LLC raised its stake in PepsiCo by 3.8% during the 2nd quarter. JSF Financial LLC now owns 1,897 shares of the company’s stock worth $250,000 after buying an additional 69 shares during the period. Dogwood Wealth Management LLC raised its position in shares of PepsiCo by 15.4% during the second quarter. Dogwood Wealth Management LLC now owns 539 shares of the company’s stock worth $73,000 after purchasing an additional 72 shares during the period. Joel Isaacson & Co. LLC lifted its holdings in shares of PepsiCo by 0.5% in the 2nd quarter. Joel Isaacson & Co. LLC now owns 16,507 shares of the company’s stock worth $2,180,000 after purchasing an additional 74 shares in the last quarter. Bull Street Advisors LLC grew its position in PepsiCo by 0.4% in the 2nd quarter. Bull Street Advisors LLC now owns 19,902 shares of the company’s stock valued at $2,628,000 after purchasing an additional 74 shares during the period. Finally, Centurion Wealth Management LLC increased its position in shares of PepsiCo by 3.8% during the second quarter. Centurion Wealth Management LLC now owns 2,068 shares of the company’s stock worth $273,000 after acquiring an additional 75 shares in the last quarter. Institutional investors and hedge funds own 73.07% of the company’s stock.

PepsiCo Trading Down 0.0%

PEP opened at $153.64 on Tuesday. The firm has a market capitalization of $210.08 billion, a price-to-earnings ratio of 29.21, a PEG ratio of 3.74 and a beta of 0.46. PepsiCo, Inc. has a one year low of $127.60 and a one year high of $177.50. The business has a 50 day simple moving average of $145.69 and a two-hundred day simple moving average of $139.29. The company has a debt-to-equity ratio of 2.26, a current ratio of 0.91 and a quick ratio of 0.72.

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

PepsiCo Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, September 30th. Stockholders 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 dividend on an annualized basis and a dividend yield of 3.7%. PepsiCo’s dividend payout ratio is currently 108.17%.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on PEP. Barclays increased their price target on PepsiCo from $140.00 to $142.00 and gave the company an “equal weight” rating in a research report on Friday, October 10th. HSBC increased their price target on PepsiCo from $145.00 to $152.00 and gave the stock a “hold” rating in a research note on Friday, October 10th. Cowen reiterated a “hold” rating on shares of PepsiCo in a research report on Thursday, July 17th. Jefferies Financial Group upped their price target on shares of PepsiCo from $161.00 to $163.00 and gave the stock a “hold” rating in a report on Friday, October 10th. Finally, Citigroup dropped their target price on shares of PepsiCo from $168.00 to $165.00 and set a “buy” rating for the company in a research report on Thursday, September 25th. Six analysts have rated the stock with a Buy rating, fourteen have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $156.00.

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.