Viewpoint Capital Management LLC Sells 298 Shares of PepsiCo, Inc. $PEP

Viewpoint Capital Management LLC lessened its holdings in PepsiCo, Inc. (NASDAQ:PEP) by 1.8% in the 2nd quarter, Holdings Channel.com reports. The firm owned 16,714 shares of the company’s stock after selling 298 shares during the quarter. PepsiCo makes up about 1.1% of Viewpoint Capital Management LLC’s holdings, making the stock its 26th largest holding. Viewpoint Capital Management LLC’s holdings in PepsiCo were worth $2,207,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of PEP. Nova Wealth Management Inc. bought a new stake in PepsiCo during the 1st quarter valued at $25,000. Elite Financial Inc. bought a new stake in PepsiCo during the first quarter valued at about $28,000. Legend Financial Advisors Inc. purchased a new position in PepsiCo in the second quarter valued at about $29,000. Investment Research & Advisory Group Inc. raised its holdings in PepsiCo by 263.6% in the second 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 purchased a new stake in shares of PepsiCo during the first quarter valued at about $55,000. 73.07% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of research analysts have recently issued reports on the stock. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating on shares of PepsiCo in a research report on Thursday, July 17th. UBS Group reduced their price target on PepsiCo from $175.00 to $170.00 and set a “buy” rating on the stock in a research report on Thursday, September 11th. Royal Bank Of Canada lowered their price objective on PepsiCo from $146.00 to $145.00 and set a “sector perform” rating for the company in a research report on Monday, September 15th. Citigroup reduced their target price on PepsiCo from $168.00 to $165.00 and set a “buy” rating on the stock in a research report on Thursday, September 25th. Finally, Cowen reissued a “hold” rating on shares of PepsiCo in a report on Thursday, July 17th. Four research analysts have rated the stock with a Buy rating, fifteen have issued a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat, PepsiCo presently has an average rating of “Hold” and a consensus target price of $158.13.

PepsiCo Trading Down 1.6%

PepsiCo stock opened at $139.70 on Tuesday. The stock has a 50-day moving average price of $144.32 and a 200 day moving average price of $139.30. The company has a market capitalization of $191.26 billion, a price-to-earnings ratio of 25.45, 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 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 posted its quarterly earnings results on Thursday, July 17th. The company reported $2.12 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.03 by $0.09. The company had revenue of $22.73 billion during the quarter, compared to analyst estimates of $22.28 billion. PepsiCo had a net margin of 8.23% and a return on equity of 57.81%. PepsiCo’s revenue for the quarter was up 1.0% compared to the same quarter last year. During the same period last year, the firm posted $2.28 EPS. PepsiCo has set its FY 2025 guidance at 8.038-8.038 EPS. Sell-side analysts anticipate that PepsiCo, Inc. will post 8.3 EPS for the current year.

PepsiCo Dividend Announcement

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

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.