Advance Capital Management Inc. Lowers Stock Holdings in PepsiCo, Inc. $PEP

Advance Capital Management Inc. trimmed its position in PepsiCo, Inc. (NASDAQ:PEP) by 11.1% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,817 shares of the company’s stock after selling 228 shares during the quarter. Advance Capital Management Inc.’s holdings in PepsiCo were worth $240,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also bought and sold shares of the company. Nova Wealth Management Inc. purchased a new stake in PepsiCo in the first quarter valued at approximately $25,000. Elite Financial Inc. purchased a new stake in PepsiCo in the first quarter valued at approximately $28,000. Sunbeam Capital Management LLC purchased a new stake in PepsiCo in the fourth quarter valued at approximately $47,000. MorganRosel Wealth Management LLC purchased a new stake in PepsiCo in the first quarter valued at approximately $55,000. Finally, Migdal Insurance & Financial Holdings Ltd. bought a new position in PepsiCo during the first quarter valued at approximately $58,000. 73.07% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of research analysts have commented on PEP shares. Royal Bank Of Canada reiterated a “sector perform” rating and set a $146.00 price target on shares of PepsiCo in a research report on Wednesday, September 3rd. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating on shares of PepsiCo in a research report on Thursday, July 17th. Morgan Stanley increased their price target on shares of PepsiCo from $153.00 to $165.00 and gave the company an “equal weight” rating in a research report on Friday, July 18th. UBS Group reduced their price target on shares of PepsiCo from $175.00 to $170.00 and set a “buy” rating on the stock in a research report on Thursday. Finally, Wells Fargo & Company raised their target price on shares of PepsiCo from $140.00 to $154.00 and gave the stock an “equal weight” rating in a report on Friday, July 18th. Four analysts have rated the stock with a Buy rating, fourteen have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $158.67.

PepsiCo Stock Performance

NASDAQ:PEP opened at $143.53 on Monday. The stock has a market cap of $196.50 billion, a P/E ratio of 26.14, a price-to-earnings-growth ratio of 3.63 and a beta of 0.46. The firm’s fifty day simple moving average is $143.81 and its 200 day simple moving average is $140.44. PepsiCo, Inc. has a twelve month low of $127.60 and a twelve month high of $179.43. 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 released its quarterly earnings results on Thursday, July 17th. The company reported $2.12 earnings per share for the quarter, beating the consensus estimate of $2.03 by $0.09. The business had revenue of $22.73 billion for the quarter, compared to analysts’ expectations of $22.28 billion. PepsiCo had a net margin of 8.23% and a return on equity of 57.81%. The firm’s revenue for the quarter was up 1.0% compared to the same quarter last year. During the same quarter in the previous year, the business posted $2.28 earnings per share. PepsiCo has set its FY 2025 guidance at 8.038-8.038 EPS. As a group, research analysts predict that PepsiCo, Inc. will post 8.3 EPS for the current year.

PepsiCo Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, September 30th. Investors of record on Friday, September 5th will be issued a $1.4225 dividend. The ex-dividend date is Friday, September 5th. This represents a $5.69 annualized dividend and a yield of 4.0%. PepsiCo’s payout ratio is 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.