574 Shares in PepsiCo, Inc. $PEP Purchased by Harbor Asset Planning Inc.

Harbor Asset Planning Inc. purchased a new position in PepsiCo, Inc. (NASDAQ:PEP) during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 574 shares of the company’s stock, valued at approximately $76,000.

A number of other hedge funds also recently bought and sold shares of PEP. Nova Wealth Management Inc. bought a new position in PepsiCo in the 1st quarter worth about $25,000. Elite Financial Inc. bought a new position in PepsiCo during the 1st quarter valued at about $28,000. Legend Financial Advisors Inc. bought a new position in PepsiCo during the 2nd quarter valued at about $29,000. Frazier Financial Advisors LLC lifted its stake in PepsiCo by 85.3% during the 2nd quarter. Frazier Financial Advisors LLC now owns 265 shares of the company’s stock valued at $35,000 after acquiring an additional 122 shares during the period. Finally, Investment Research & Advisory Group Inc. lifted its stake in PepsiCo by 263.6% during the 2nd quarter. Investment Research & Advisory Group Inc. now owns 320 shares of the company’s stock valued at $42,000 after acquiring an additional 232 shares during the period. Institutional investors own 73.07% of the company’s stock.

Analysts Set New Price Targets

Several research firms have issued reports on PEP. Jefferies Financial Group upped their target price on shares of PepsiCo from $161.00 to $163.00 and gave the company a “hold” rating in a research note on Friday, October 10th. Piper Sandler upped their target price on shares of PepsiCo from $160.00 to $162.00 and gave the company an “overweight” rating in a research note on Friday, October 10th. Wells Fargo & Company upped their target price on shares of PepsiCo from $150.00 to $154.00 and gave the company a “positive” rating in a research note on Friday, October 10th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of PepsiCo in a research report on Tuesday. Finally, HSBC upped their price target on shares of PepsiCo from $145.00 to $152.00 and gave the company a “hold” rating in a research report on Friday, October 10th. Six investment analysts have rated the stock with a Buy rating, fourteen have issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $156.00.

PepsiCo Trading Up 1.0%

PepsiCo stock opened at $152.67 on Friday. The firm has a 50 day moving average of $145.34 and a 200 day moving average of $139.37. The firm has a market capitalization of $208.75 billion, a price-to-earnings ratio of 29.02, a P/E/G ratio of 3.68 and a beta of 0.46. PepsiCo, Inc. has a 12-month low of $127.60 and a 12-month high of $177.50. The company has a current ratio of 0.91, a quick ratio of 0.72 and a debt-to-equity ratio of 2.26.

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

PepsiCo Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, September 30th. Investors of record on Friday, September 5th were issued a $1.4225 dividend. This represents a $5.69 annualized dividend and a yield of 3.7%. The ex-dividend date of this dividend was Friday, September 5th. PepsiCo’s dividend payout ratio is currently 108.17%.

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.