Madison Wealth Partners Inc Has $262,000 Stock Holdings in PepsiCo, Inc. $PEP

Madison Wealth Partners Inc trimmed its position in shares of PepsiCo, Inc. (NASDAQ:PEP) by 6.1% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,983 shares of the company’s stock after selling 129 shares during the quarter. Madison Wealth Partners Inc’s holdings in PepsiCo were worth $262,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

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

Analyst Ratings Changes

A number of research firms have recently commented on PEP. Evercore ISI raised their price objective on shares of PepsiCo from $150.00 to $152.00 in a research report on Friday, October 10th. Morgan Stanley raised their price target on shares of PepsiCo from $153.00 to $165.00 and gave the company an “equal weight” rating in a report on Friday, July 18th. Wells Fargo & Company upped their price target on shares of PepsiCo from $150.00 to $154.00 and gave the stock a “positive” rating in a report on Friday, October 10th. Barclays lifted their price objective on PepsiCo from $140.00 to $142.00 and gave the company an “equal weight” rating in a research note on Friday, October 10th. Finally, Citigroup lowered their price target on PepsiCo from $168.00 to $165.00 and set a “buy” rating on the stock in a 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 company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $156.00.

PepsiCo Trading Up 0.7%

NASDAQ PEP opened at $153.71 on Monday. The stock has a market cap of $210.17 billion, a P/E ratio of 29.22, a P/E/G ratio of 3.74 and a beta of 0.46. The stock’s fifty day moving average price is $145.51 and its 200-day moving average price is $139.25. 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 quarterly earnings results on Thursday, October 9th. The company reported $2.29 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.26 by $0.03. The business had revenue of $23.94 billion during the quarter, compared to the consensus estimate of $23.91 billion. PepsiCo had a return on equity of 57.58% and a net margin of 7.82%.The business’s quarterly revenue was up 2.7% compared to the same quarter last year. During the same period in the previous year, the company posted $2.31 EPS. PepsiCo has set its FY 2025 guidance at 8.120-8.120 EPS. As a group, equities analysts forecast that PepsiCo, Inc. will post 8.3 EPS for the current fiscal year.

PepsiCo Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, September 30th. Shareholders of record on Friday, September 5th were given a dividend of $1.4225 per share. The ex-dividend date was Friday, September 5th. This represents a $5.69 dividend on an annualized basis and a yield of 3.7%. PepsiCo’s payout ratio is 108.17%.

About PepsiCo

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.