PepsiCo, Inc. $PEP Shares Sold by InvesTrust

InvesTrust trimmed its holdings in shares of PepsiCo, Inc. (NASDAQ:PEP) by 52.7% during the second quarter, Holdings Channel.com reports. The firm owned 19,728 shares of the company’s stock after selling 21,969 shares during the quarter. InvesTrust’s holdings in PepsiCo were worth $2,605,000 as of its most recent filing with the SEC.

Other large investors also recently modified their holdings of the company. Nova Wealth Management Inc. acquired a new position in PepsiCo during the first quarter worth about $25,000. Elite Financial Inc. acquired a new position in shares of PepsiCo in the 1st quarter valued at $28,000. Sunbeam Capital Management LLC acquired a new position in shares of PepsiCo in the 4th quarter valued at $47,000. MorganRosel Wealth Management LLC acquired a new position in shares of PepsiCo in the 1st quarter valued at $55,000. Finally, Migdal Insurance & Financial Holdings Ltd. acquired a new stake in PepsiCo during the 1st quarter worth about $58,000. 73.07% of the stock is owned by institutional investors and hedge funds.

PepsiCo Stock Down 0.5%

Shares of PepsiCo stock opened at $143.53 on Friday. The firm has a market cap of $196.50 billion, a price-to-earnings ratio of 26.14, a P/E/G ratio of 3.65 and a beta of 0.46. The company has a debt-to-equity ratio of 2.12, a current ratio of 0.78 and a quick ratio of 0.60. PepsiCo, Inc. has a 52-week low of $127.60 and a 52-week high of $179.43. The stock has a 50-day simple moving average of $143.81 and a 200-day simple moving average of $140.60.

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

PepsiCo Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 30th. Investors of record on Friday, September 5th will be paid a $1.4225 dividend. This represents a $5.69 dividend on an annualized basis and a dividend yield of 4.0%. The ex-dividend date of this dividend is Friday, September 5th. PepsiCo’s dividend payout ratio (DPR) is presently 103.64%.

Wall Street Analyst Weigh In

PEP has been the subject of a number of research reports. Cowen restated a “hold” rating on shares of PepsiCo in a research report on Thursday, July 17th. Deutsche Bank Aktiengesellschaft restated a “buy” rating on shares of PepsiCo in a research report on Thursday, July 17th. Citigroup raised their price objective on PepsiCo from $160.00 to $168.00 and gave the stock a “buy” rating in a research report on Friday, July 18th. UBS Group decreased their price objective on PepsiCo from $175.00 to $170.00 and set a “buy” rating for the company in a research report on Thursday. Finally, Bank of America decreased their price objective on PepsiCo from $150.00 to $145.00 and set a “neutral” rating for the company in a research report on Friday, July 11th. Four investment analysts have rated the stock with a Buy rating, fourteen have given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $158.67.

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.