Highland Capital Management LLC Sells 324 Shares of PepsiCo, Inc. $PEP

Highland Capital Management LLC trimmed its position in shares of PepsiCo, Inc. (NASDAQ:PEP) by 0.4% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 78,966 shares of the company’s stock after selling 324 shares during the quarter. Highland Capital Management LLC’s holdings in PepsiCo were worth $10,427,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors also recently made changes to their positions in the company. Nova Wealth Management Inc. purchased a new stake in shares of PepsiCo during the first quarter valued at approximately $25,000. Elite Financial Inc. purchased a new stake in shares of PepsiCo during the 1st quarter valued at $28,000. Legend Financial Advisors Inc. bought a new stake in shares of PepsiCo during the 2nd quarter worth $29,000. Investment Research & Advisory Group Inc. boosted 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 buying an additional 232 shares during the last quarter. Finally, MorganRosel Wealth Management LLC bought a new position in PepsiCo during the first quarter valued at about $55,000. 73.07% of the stock is owned by institutional investors.

PepsiCo Stock Performance

Shares of PEP opened at $141.98 on Friday. The company has a debt-to-equity ratio of 2.12, a quick ratio of 0.60 and a current ratio of 0.78. The stock has a market capitalization of $194.38 billion, a price-to-earnings ratio of 25.86, a price-to-earnings-growth ratio of 3.58 and a beta of 0.46. PepsiCo, Inc. has a 52-week low of $127.60 and a 52-week high of $177.50. The stock’s 50-day simple moving average is $144.36 and its 200 day simple moving average is $139.39.

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

PepsiCo Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, September 30th. Stockholders of record on Friday, September 5th were given a dividend of $1.4225 per share. This represents a $5.69 dividend on an annualized basis and a dividend yield of 4.0%. The ex-dividend date was Friday, September 5th. PepsiCo’s payout ratio is 103.64%.

Analyst Ratings Changes

Several brokerages have commented on PEP. Cowen reiterated a “hold” rating on shares of PepsiCo in a research note on Thursday, July 17th. Barclays reiterated a “cautious” rating on shares of PepsiCo in a research note on Friday. Weiss Ratings reissued a “hold (c-)” rating on shares of PepsiCo in a research report on Saturday, September 27th. UBS Group lowered their target price on PepsiCo from $175.00 to $170.00 and set a “buy” rating on the stock in a research note on Thursday, September 11th. Finally, Deutsche Bank Aktiengesellschaft reiterated a “buy” rating on shares of PepsiCo in a research note on Thursday, July 17th. Four equities research analysts have rated the stock with a Buy rating, fourteen have assigned a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $157.87.

PepsiCo 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.