River Street Advisors LLC Acquires 336 Shares of PepsiCo, Inc. $PEP

River Street Advisors LLC grew its holdings in shares of PepsiCo, Inc. (NASDAQ:PEP) by 2.9% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 11,973 shares of the company’s stock after buying an additional 336 shares during the quarter. River Street Advisors LLC’s holdings in PepsiCo were worth $1,581,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of the company. Dogwood Wealth Management LLC increased its stake in shares of PepsiCo by 15.4% during the 2nd quarter. Dogwood Wealth Management LLC now owns 539 shares of the company’s stock worth $73,000 after purchasing an additional 72 shares during the last quarter. Centurion Wealth Management LLC increased its stake in shares of PepsiCo by 3.8% during the 2nd quarter. Centurion Wealth Management LLC now owns 2,068 shares of the company’s stock worth $273,000 after purchasing an additional 75 shares during the last quarter. SK Wealth Management LLC increased its stake in shares of PepsiCo by 3.3% during the 2nd quarter. SK Wealth Management LLC now owns 2,375 shares of the company’s stock worth $319,000 after purchasing an additional 75 shares during the last quarter. Pflug Koory LLC increased its stake in shares of PepsiCo by 1.0% during the 1st quarter. Pflug Koory LLC now owns 7,750 shares of the company’s stock worth $1,162,000 after purchasing an additional 76 shares during the last quarter. Finally, Hoge Financial Services LLC increased its stake in shares of PepsiCo by 2.1% during the 1st quarter. Hoge Financial Services LLC now owns 3,633 shares of the company’s stock worth $545,000 after purchasing an additional 76 shares during the last quarter. 73.07% of the stock is currently owned by institutional investors and hedge funds.

PepsiCo Stock Performance

Shares of NASDAQ:PEP opened at $142.31 on Friday. The company’s 50 day moving average price is $144.39 and its two-hundred day moving average price is $139.50. PepsiCo, Inc. has a 12-month low of $127.60 and a 12-month high of $177.50. The firm has a market cap of $194.83 billion, a PE ratio of 25.92, a PEG ratio of 3.61 and a beta of 0.46. The company has a quick ratio of 0.60, a current ratio of 0.78 and a debt-to-equity ratio of 2.12.

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

PepsiCo Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, September 30th. Stockholders of record on Friday, September 5th were issued a dividend of $1.4225 per share. This represents a $5.69 dividend on an annualized basis and a dividend yield of 4.0%. The ex-dividend date of this dividend was Friday, September 5th. PepsiCo’s dividend payout ratio is 103.64%.

Analyst Ratings Changes

PEP has been the topic of a number of research reports. JPMorgan Chase & Co. decreased their price target on shares of PepsiCo from $150.00 to $139.00 and set a “neutral” rating on the stock in a research note on Thursday, July 10th. Bank of America decreased their price target on shares of PepsiCo from $150.00 to $145.00 and set a “neutral” rating on the stock in a research note on Friday, July 11th. Barclays decreased their price target on shares of PepsiCo from $144.00 to $140.00 and set an “equal weight” rating on the stock in a research note on Thursday. UBS Group decreased their price target on shares of PepsiCo from $175.00 to $170.00 and set a “buy” rating on the stock in a research note on Thursday, September 11th. Finally, Royal Bank Of Canada decreased their price target on shares of PepsiCo from $146.00 to $145.00 and set a “sector perform” rating on the stock in a research note on Monday, September 15th. Four investment analysts have rated the stock with a Buy rating, fourteen have given a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, PepsiCo presently has an average rating of “Hold” and an average target price of $157.87.

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.