Evanson Asset Management LLC Grows Position in PepsiCo, Inc. $PEP

Evanson Asset Management LLC grew its stake in shares of PepsiCo, Inc. (NASDAQ:PEP) by 64.2% in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 2,396 shares of the company’s stock after buying an additional 937 shares during the period. Evanson Asset Management LLC’s holdings in PepsiCo were worth $316,000 at the end of the most recent reporting period.

Other hedge funds have also made changes to their positions in the company. Nova Wealth Management Inc. acquired a new stake in shares of PepsiCo during the first quarter worth $25,000. Elite Financial Inc. acquired a new stake in shares of PepsiCo during the first quarter worth $28,000. MorganRosel Wealth Management LLC acquired a new stake in shares of PepsiCo during the first quarter worth $55,000. Migdal Insurance & Financial Holdings Ltd. acquired a new stake in shares of PepsiCo during the first quarter worth $58,000. Finally, Greykasell Wealth Strategies Inc. acquired a new stake in shares of PepsiCo during the first quarter worth $58,000. Institutional investors and hedge funds own 73.07% of the company’s stock.

PepsiCo Trading Up 0.2%

Shares of PEP opened at $142.17 on Thursday. The stock’s 50-day moving average is $144.79 and its two-hundred day moving average is $139.90. The stock has a market cap of $194.64 billion, a PE ratio of 25.90, a P/E/G ratio of 3.58 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 debt-to-equity ratio of 2.12, a current ratio of 0.78 and a quick ratio of 0.60.

PepsiCo (NASDAQ:PEP) last issued its quarterly earnings data on Thursday, July 17th. The company reported $2.12 EPS for the quarter, topping analysts’ consensus estimates of $2.03 by $0.09. The company had revenue of $22.73 billion for the quarter, compared to analysts’ expectations of $22.28 billion. PepsiCo had a return on equity of 57.81% and a net margin of 8.23%.The firm’s quarterly revenue was up 1.0% on a year-over-year basis. During the same quarter in the previous year, the firm posted $2.28 earnings per share. PepsiCo has set its FY 2025 guidance at 8.038-8.038 EPS. Equities analysts forecast that PepsiCo, Inc. will post 8.3 earnings per share for the current fiscal year.

PepsiCo Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, September 30th. Investors of record on Friday, September 5th will be paid a $1.4225 dividend. The ex-dividend date is Friday, September 5th. This represents a $5.69 annualized dividend and a dividend yield of 4.0%. PepsiCo’s payout ratio is 103.64%.

Analyst Upgrades and Downgrades

PEP has been the topic of several analyst reports. Cowen restated a “hold” rating on shares of PepsiCo in a report on Thursday, July 17th. JPMorgan Chase & Co. lowered their price target on PepsiCo from $150.00 to $139.00 and set a “neutral” rating for the company in a research report on Thursday, July 10th. Deutsche Bank Aktiengesellschaft reissued a “buy” rating on shares of PepsiCo in a research report on Thursday, July 17th. Royal Bank Of Canada lowered their price target on PepsiCo from $146.00 to $145.00 and set a “sector perform” rating for the company in a research report on Monday, September 15th. Finally, Citigroup boosted their price target on PepsiCo from $160.00 to $168.00 and gave the company a “buy” rating in a research report on Friday, July 18th. Four investment analysts have rated the stock with a Buy rating, fourteen have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $158.60.

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.