Mccarter Private Wealth Services LLC Has $1.11 Million Holdings in PepsiCo, Inc. $PEP

Mccarter Private Wealth Services LLC raised its holdings in PepsiCo, Inc. (NASDAQ:PEP) by 8.7% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The firm owned 7,396 shares of the company’s stock after buying an additional 593 shares during the quarter. Mccarter Private Wealth Services LLC’s holdings in PepsiCo were worth $1,109,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Elite Financial Inc. acquired a new position in shares of PepsiCo during the first quarter worth approximately $28,000. Measured Risk Portfolios Inc. acquired a new position in shares of PepsiCo during the fourth quarter worth approximately $31,000. Sunbeam Capital Management LLC acquired a new position in shares of PepsiCo during the fourth quarter worth approximately $47,000. MorganRosel Wealth Management LLC acquired a new position in shares of PepsiCo during the first quarter worth approximately $55,000. Finally, Migdal Insurance & Financial Holdings Ltd. bought a new stake in PepsiCo during the first quarter worth $58,000. 73.07% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on PEP shares. Bank of America lowered their price target on PepsiCo from $150.00 to $145.00 and set a “neutral” rating for the company in a research report on Friday, July 11th. UBS Group lowered their price target on PepsiCo from $175.00 to $169.00 and set a “buy” rating for the company in a research report on Friday, April 25th. Morgan Stanley increased their price target on PepsiCo from $153.00 to $165.00 and gave the company an “equal weight” rating in a research report on Friday, July 18th. Royal Bank Of Canada reiterated a “sector perform” rating and set a $148.00 target price on shares of PepsiCo in a research note on Tuesday, June 24th. Finally, Citigroup lifted their target price on PepsiCo from $160.00 to $168.00 and gave the stock a “buy” rating in a research note on Friday, July 18th. Four research analysts have rated the stock with a Buy rating, fourteen have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $158.73.

PepsiCo Stock Down 1.2%

PEP stock opened at $148.98 on Friday. PepsiCo, Inc. has a twelve month low of $127.60 and a twelve month high of $179.73. The company has a quick ratio of 0.60, a current ratio of 0.78 and a debt-to-equity ratio of 2.12. The firm has a market capitalization of $203.97 billion, a PE ratio of 27.14, a PEG ratio of 4.02 and a beta of 0.45. The stock has a 50-day simple moving average of $138.94 and a two-hundred day simple moving average of $140.62.

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

PepsiCo Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 30th. Investors of record on Friday, September 5th will be given a $1.4225 dividend. The ex-dividend date is Friday, September 5th. This represents a $5.69 dividend on an annualized basis and a yield of 3.8%. PepsiCo’s payout ratio is presently 103.64%.

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.