PepsiCo, Inc. $PEP Shares Acquired by Sagespring Wealth Partners LLC

Sagespring Wealth Partners LLC lifted its stake in shares of PepsiCo, Inc. (NASDAQ:PEP) by 8.1% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 11,050 shares of the company’s stock after acquiring an additional 830 shares during the quarter. Sagespring Wealth Partners LLC’s holdings in PepsiCo were worth $1,459,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in PEP. Nova Wealth Management Inc. acquired a new position in shares of PepsiCo during the first quarter valued at approximately $25,000. Elite Financial Inc. acquired a new position in shares of PepsiCo during the first quarter valued at approximately $28,000. Legend Financial Advisors Inc. bought a new position in shares of PepsiCo in the second quarter valued at $29,000. Frazier Financial Advisors LLC increased its holdings in shares of PepsiCo by 85.3% in the second quarter. Frazier Financial Advisors LLC now owns 265 shares of the company’s stock valued at $35,000 after buying an additional 122 shares in the last quarter. Finally, Investment Research & Advisory Group Inc. lifted its position in shares of 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 last quarter. Institutional investors and hedge funds own 73.07% of the company’s stock.

PepsiCo Trading Up 1.8%

Shares of NASDAQ:PEP opened at $151.54 on Wednesday. The firm has a fifty day moving average of $144.96 and a two-hundred day moving average of $139.27. The firm has a market capitalization of $207.21 billion, a P/E ratio of 28.81, a price-to-earnings-growth ratio of 3.62 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 quick ratio of 0.72, a current ratio of 0.91 and a debt-to-equity ratio of 2.26.

PepsiCo (NASDAQ:PEP) last issued its 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 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 company’s revenue for the quarter was up 2.7% on a year-over-year basis. During the same quarter last year, the business posted $2.31 EPS. PepsiCo has set its FY 2025 guidance at 8.120-8.120 EPS. On average, equities analysts expect that PepsiCo, Inc. will post 8.3 EPS for the current fiscal year.

PepsiCo Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, September 30th. Investors of record on Friday, September 5th were paid a $1.4225 dividend. This represents a $5.69 annualized dividend and a dividend yield of 3.8%. The ex-dividend date of this dividend was Friday, September 5th. PepsiCo’s payout ratio is presently 108.17%.

Analyst Ratings Changes

A number of brokerages have recently issued reports on PEP. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating on shares of PepsiCo in a research report on Thursday, July 17th. Jefferies Financial Group boosted their price objective on PepsiCo from $161.00 to $163.00 and gave the stock a “hold” rating in a report on Friday, October 10th. Wells Fargo & Company lifted their target price on shares of PepsiCo from $150.00 to $154.00 and gave the stock a “positive” rating in a research report on Friday. JPMorgan Chase & Co. reduced their price target on shares of PepsiCo from $157.00 to $151.00 and set a “neutral” rating for the company in a research report on Monday, October 6th. Finally, The Goldman Sachs Group raised their price objective on shares of PepsiCo from $165.00 to $167.00 and gave the stock a “buy” rating in a research note on Friday, October 10th. Six analysts have rated the stock with a Buy rating, fourteen have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target 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.