Confluence Wealth Services Inc. Sells 92 Shares of PepsiCo, Inc. $PEP

Confluence Wealth Services Inc. lessened its stake in PepsiCo, Inc. (NASDAQ:PEP) by 0.3% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 27,316 shares of the company’s stock after selling 92 shares during the period. Confluence Wealth Services Inc.’s holdings in PepsiCo were worth $3,607,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Brighton Jones LLC boosted its stake in shares of PepsiCo by 12.4% during the fourth quarter. Brighton Jones LLC now owns 59,392 shares of the company’s stock valued at $9,031,000 after purchasing an additional 6,574 shares in the last quarter. Congress Asset Management Co. boosted its stake in PepsiCo by 4.5% in the first quarter. Congress Asset Management Co. now owns 2,491 shares of the company’s stock valued at $373,000 after acquiring an additional 108 shares in the last quarter. Perkins Coie Trust Co grew its holdings in PepsiCo by 0.3% in the first quarter. Perkins Coie Trust Co now owns 32,642 shares of the company’s stock worth $4,894,000 after purchasing an additional 104 shares during the last quarter. Sivia Capital Partners LLC lifted its holdings in shares of PepsiCo by 12.1% during the 1st quarter. Sivia Capital Partners LLC now owns 2,737 shares of the company’s stock valued at $410,000 after purchasing an additional 296 shares during the last quarter. Finally, Eagle Wealth Strategies LLC boosted its holdings in PepsiCo by 9.7% in the first quarter. Eagle Wealth Strategies LLC now owns 3,075 shares of the company’s stock worth $461,000 after acquiring an additional 273 shares in the last quarter. 73.07% of the stock is currently owned by institutional investors.

PepsiCo Stock Down 0.2%

PepsiCo stock opened at $141.98 on Monday. PepsiCo, Inc. has a 52 week low of $127.60 and a 52 week high of $177.50. The firm has a market cap 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. The business’s 50-day moving average price is $144.36 and its 200 day moving average price is $139.34. 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 data on Thursday, July 17th. The company reported $2.12 EPS for the quarter, topping the consensus estimate of $2.03 by $0.09. The business had revenue of $22.73 billion for the quarter, compared to analyst estimates of $22.28 billion. PepsiCo had a return on equity of 57.81% and a net margin of 8.23%.The business’s quarterly revenue was up 1.0% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $2.28 EPS. PepsiCo has set its FY 2025 guidance at 8.038-8.038 EPS. As a group, sell-side analysts anticipate that PepsiCo, Inc. will post 8.3 earnings per share for the current year.

PepsiCo Announces Dividend

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

Wall Street Analysts Forecast Growth

PEP has been the topic of several research analyst reports. Morgan Stanley boosted their target price on shares of PepsiCo from $153.00 to $165.00 and gave the stock an “equal weight” rating in a research report on Friday, July 18th. JPMorgan Chase & Co. cut their target price on PepsiCo from $150.00 to $139.00 and set a “neutral” rating on the stock in a research report on Thursday, July 10th. Cowen reiterated a “hold” rating on shares of PepsiCo in a research note on Thursday, July 17th. UBS Group cut their price objective on PepsiCo from $175.00 to $170.00 and set a “buy” rating on the stock in a report on Thursday, September 11th. Finally, Royal Bank Of Canada decreased their target price on PepsiCo from $146.00 to $145.00 and set a “sector perform” rating for the company in a report on Monday, September 15th. Four equities research analysts have rated the stock with a Buy rating, fourteen have issued a Hold rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat, PepsiCo has a consensus rating of “Hold” and a consensus price target of $157.87.

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.