PepsiCo, Inc. $PEP Stake Lessened by Oakworth Capital Inc.

Oakworth Capital Inc. decreased its position in shares of PepsiCo, Inc. (NASDAQ:PEP) by 5.4% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 8,832 shares of the company’s stock after selling 500 shares during the period. Oakworth Capital Inc.’s holdings in PepsiCo were worth $1,166,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Nova Wealth Management Inc. bought a new stake in PepsiCo in the first quarter worth about $25,000. Elite Financial Inc. acquired a new position in shares of PepsiCo in the 1st quarter worth approximately $28,000. Legend Financial Advisors Inc. bought a new stake in shares of PepsiCo in the 2nd quarter worth approximately $29,000. Investment Research & Advisory Group Inc. raised its holdings in shares of PepsiCo by 263.6% in the 2nd quarter. Investment Research & Advisory Group Inc. now owns 320 shares of the company’s stock worth $42,000 after purchasing an additional 232 shares in the last quarter. Finally, MorganRosel Wealth Management LLC acquired a new stake in PepsiCo during the first quarter valued at approximately $55,000. 73.07% of the stock is owned by institutional investors.

PepsiCo Stock Up 0.4%

NASDAQ:PEP opened at $140.44 on Monday. The business’s fifty day moving average price is $144.63 and its 200 day moving average price is $139.59. The firm has a market capitalization of $192.27 billion, a price-to-earnings ratio of 25.58, a PEG ratio of 3.54 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. PepsiCo, Inc. has a 1-year low of $127.60 and a 1-year high of $177.50.

PepsiCo (NASDAQ:PEP) last released its 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 company had revenue of $22.73 billion for the quarter, compared to analysts’ expectations of $22.28 billion. PepsiCo had a return on equity of 57.81% and a net margin of 8.23%.The business’s revenue for the quarter was up 1.0% on a year-over-year basis. During the same quarter in the previous year, the business posted $2.28 EPS. PepsiCo has set its FY 2025 guidance at 8.038-8.038 EPS. On average, sell-side analysts forecast that PepsiCo, Inc. will post 8.3 earnings per share for the current fiscal year.

PepsiCo Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 30th. Shareholders of record on Friday, September 5th will be paid a $1.4225 dividend. 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 is currently 103.64%.

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on PEP shares. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating on shares of PepsiCo in a report on Thursday, July 17th. Bank of America decreased their target price on PepsiCo from $150.00 to $145.00 and set a “neutral” rating on the stock in a report on Friday, July 11th. Wells Fargo & Company reduced their target price on PepsiCo from $154.00 to $150.00 and set an “equal weight” rating for the company in a report on Thursday. Cowen reissued a “hold” rating on shares of PepsiCo in a research note on Thursday, July 17th. Finally, Barclays boosted their price objective on PepsiCo from $132.00 to $144.00 and gave the stock an “equal weight” rating in a report on Monday, July 21st. Four investment analysts have rated the stock with a Buy rating, fourteen have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the company has an average rating of “Hold” and an average price target of $158.13.

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.