PepsiCo, Inc. $PEP Shares Sold by Adamsbrown Wealth Consultants LLC

Adamsbrown Wealth Consultants LLC trimmed its holdings in shares of PepsiCo, Inc. (NASDAQ:PEP) by 26.8% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 3,198 shares of the company’s stock after selling 1,171 shares during the period. Adamsbrown Wealth Consultants LLC’s holdings in PepsiCo were worth $422,000 at the end of the most recent reporting period.

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

Analyst Ratings Changes

PEP has been the topic of several research analyst reports. Barclays boosted their price target on PepsiCo from $132.00 to $144.00 and gave the stock an “equal weight” rating in a research note on Monday, July 21st. JPMorgan Chase & Co. lowered their target price on PepsiCo from $150.00 to $139.00 and set a “neutral” rating on the stock in a report on Thursday, July 10th. Citigroup lifted their price target on PepsiCo from $160.00 to $168.00 and gave the stock a “buy” rating in a research note on Friday, July 18th. Bank of America decreased their price objective on shares of PepsiCo from $150.00 to $145.00 and set a “neutral” rating on the stock in a research report on Friday, July 11th. Finally, Morgan Stanley raised their target price on shares of PepsiCo from $153.00 to $165.00 and gave the company an “equal weight” rating in a report on Friday, July 18th. Four research analysts have rated the stock with a Buy rating, fourteen have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $158.67.

PepsiCo Trading Down 0.5%

Shares of PEP stock opened at $143.53 on Monday. The company has a market capitalization of $196.50 billion, a price-to-earnings ratio of 26.14, a PEG ratio of 3.63 and a beta of 0.46. The company has a current ratio of 0.78, a quick ratio of 0.60 and a debt-to-equity ratio of 2.12. The firm has a 50-day moving average price of $143.81 and a 200 day moving average price of $140.44. PepsiCo, Inc. has a twelve month low of $127.60 and a twelve month high of $179.43.

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

PepsiCo Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 30th. Stockholders of record on Friday, September 5th will be issued a dividend of $1.4225 per share. The ex-dividend date is Friday, September 5th. This represents a $5.69 annualized dividend and a dividend yield of 4.0%. PepsiCo’s dividend payout ratio (DPR) 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.