Turtle Creek Wealth Advisors LLC Has $2.98 Million Holdings in PepsiCo, Inc. $PEP

Turtle Creek Wealth Advisors LLC lessened its stake in PepsiCo, Inc. (NASDAQ:PEP) by 11.3% in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 22,584 shares of the company’s stock after selling 2,866 shares during the quarter. Turtle Creek Wealth Advisors LLC’s holdings in PepsiCo were worth $2,982,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in PEP. JSF Financial LLC increased its stake in PepsiCo by 3.8% during the 2nd quarter. JSF Financial LLC now owns 1,897 shares of the company’s stock valued at $250,000 after purchasing an additional 69 shares in the last quarter. Dogwood Wealth Management LLC increased its stake in PepsiCo by 15.4% during the 2nd quarter. Dogwood Wealth Management LLC now owns 539 shares of the company’s stock valued at $73,000 after purchasing an additional 72 shares in the last quarter. Joel Isaacson & Co. LLC increased its stake in 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 purchasing an additional 74 shares in the last quarter. Bull Street Advisors LLC increased its stake in PepsiCo by 0.4% during the 2nd quarter. Bull Street Advisors LLC now owns 19,902 shares of the company’s stock valued at $2,628,000 after purchasing an additional 74 shares in the last quarter. Finally, Centurion Wealth Management LLC grew its stake in shares of PepsiCo by 3.8% in the 2nd quarter. Centurion Wealth Management LLC now owns 2,068 shares of the company’s stock worth $273,000 after acquiring an additional 75 shares in the last quarter. Institutional investors and hedge funds own 73.07% of the company’s stock.

Analyst Ratings Changes

Several research firms have recently issued reports on PEP. Barclays upped their target price on shares of PepsiCo from $140.00 to $142.00 and gave the stock an “equal weight” rating in a research note on Friday, October 10th. Bank of America upped their target price on shares of PepsiCo from $150.00 to $155.00 and gave the stock a “neutral” rating in a research note on Friday, October 10th. Evercore ISI upped their target price on shares of PepsiCo from $150.00 to $152.00 in a research note on Friday, October 10th. The Goldman Sachs Group upped their target price 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. Finally, Piper Sandler upped their target price on shares of PepsiCo from $160.00 to $162.00 and gave the stock an “overweight” rating in a research note on Friday, October 10th. Six equities research 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. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $156.00.

PepsiCo Price Performance

PEP opened at $151.16 on Thursday. The firm has a market cap of $206.69 billion, a P/E ratio of 28.74, a PEG ratio of 3.69 and a beta of 0.46. The firm has a 50-day moving average of $145.17 and a 200 day moving average of $139.35. The company has a debt-to-equity ratio of 2.26, a quick ratio of 0.72 and a current ratio of 0.91. PepsiCo, Inc. has a fifty-two week low of $127.60 and a fifty-two week high of $177.50.

PepsiCo (NASDAQ:PEP) last posted its quarterly earnings results on Thursday, October 9th. The company reported $2.29 earnings per share for the quarter, beating the consensus estimate 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 firm’s revenue for the quarter was up 2.7% on a year-over-year basis. During the same quarter in the prior year, the business earned $2.31 earnings per share. PepsiCo has set its FY 2025 guidance at 8.120-8.120 EPS. On average, research analysts expect that PepsiCo, Inc. will post 8.3 EPS for the current year.

PepsiCo Dividend Announcement

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

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.