KWB Wealth Sells 99 Shares of PepsiCo, Inc. $PEP

KWB Wealth decreased its holdings in shares of PepsiCo, Inc. (NASDAQ:PEP) by 2.5% in the 2nd quarter, Holdings Channel reports. The fund owned 3,895 shares of the company’s stock after selling 99 shares during the period. KWB Wealth’s holdings in PepsiCo were worth $514,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. Hengehold Capital Management LLC raised its holdings in shares of PepsiCo by 3.2% in the 2nd quarter. Hengehold Capital Management LLC now owns 23,312 shares of the company’s stock valued at $3,078,000 after acquiring an additional 723 shares in the last quarter. Tempus Wealth Planning LLC lifted its stake in shares of PepsiCo by 1.5% in the 2nd quarter. Tempus Wealth Planning LLC now owns 8,387 shares of the company’s stock valued at $1,107,000 after purchasing an additional 124 shares during the last quarter. Independent Wealth Network Inc. increased its holdings in shares of PepsiCo by 4.4% in the 2nd quarter. Independent Wealth Network Inc. now owns 1,965 shares of the company’s stock valued at $260,000 after acquiring an additional 83 shares during the period. Brown Lisle Cummings Inc. boosted its stake in shares of PepsiCo by 2.4% in the second quarter. Brown Lisle Cummings Inc. now owns 9,958 shares of the company’s stock worth $1,315,000 after buying an additional 235 shares during the last quarter. Finally, Twelve Points Wealth Management LLC raised its holdings in shares of PepsiCo by 4.4% during the second quarter. Twelve Points Wealth Management LLC now owns 14,005 shares of the company’s stock valued at $1,849,000 after acquiring an additional 584 shares during the last quarter. 73.07% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on PEP shares. JPMorgan Chase & Co. lowered their price objective on PepsiCo from $150.00 to $139.00 and set a “neutral” rating on the stock in a report on Thursday, July 10th. Bank of America lowered their target price 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. Citigroup decreased their target price on shares of PepsiCo from $168.00 to $165.00 and set a “buy” rating for the company in a research report on Thursday. Wells Fargo & Company reduced their price objective on shares of PepsiCo from $154.00 to $150.00 and set an “equal weight” rating on the stock in a research note on Thursday. Finally, Morgan Stanley raised their price objective on shares of PepsiCo from $153.00 to $165.00 and gave the stock an “equal weight” rating in a report on Friday, July 18th. Four investment analysts have rated the stock with a Buy rating, fourteen have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $158.13.

PepsiCo Price Performance

PEP opened at $140.44 on Friday. PepsiCo, Inc. has a 1 year low of $127.60 and a 1 year high of $177.50. The firm has a market capitalization of $192.27 billion, a PE ratio of 25.58, a price-to-earnings-growth ratio of 3.54 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. The business’s 50-day moving average is $144.63 and its two-hundred day moving average is $139.65.

PepsiCo (NASDAQ:PEP) last posted its quarterly earnings data 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 for 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 revenue was up 1.0% compared to the same quarter last year. During the same period last year, the firm posted $2.28 earnings per share. PepsiCo has set its FY 2025 guidance at 8.038-8.038 EPS. Research analysts anticipate that PepsiCo, Inc. will post 8.3 earnings per share for the current fiscal year.

PepsiCo Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, September 30th. Shareholders of record on Friday, September 5th will be issued a dividend of $1.4225 per share. This represents a $5.69 annualized dividend and a yield of 4.1%. The ex-dividend date is Friday, September 5th. PepsiCo’s dividend payout ratio (DPR) is 103.64%.

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.