Somerville Kurt F Sells 1,115 Shares of PepsiCo, Inc. $PEP

Somerville Kurt F decreased its stake in PepsiCo, Inc. (NASDAQ:PEP) by 9.3% in the 2nd quarter, Holdings Channel.com reports. The firm owned 10,851 shares of the company’s stock after selling 1,115 shares during the quarter. Somerville Kurt F’s holdings in PepsiCo were worth $1,433,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Vanguard Group Inc. raised its stake in shares of PepsiCo by 1.4% during the first quarter. Vanguard Group Inc. now owns 135,174,252 shares of the company’s stock valued at $20,268,027,000 after acquiring an additional 1,802,748 shares during the last quarter. Charles Schwab Investment Management Inc. raised its stake in shares of PepsiCo by 5.0% during the first quarter. Charles Schwab Investment Management Inc. now owns 26,475,241 shares of the company’s stock valued at $3,969,698,000 after acquiring an additional 1,258,198 shares during the last quarter. Bank of New York Mellon Corp raised its stake in shares of PepsiCo by 0.4% during the first quarter. Bank of New York Mellon Corp now owns 14,062,857 shares of the company’s stock valued at $2,108,585,000 after acquiring an additional 49,699 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its stake in shares of PepsiCo by 1.8% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 11,525,812 shares of the company’s stock valued at $1,728,180,000 after acquiring an additional 208,292 shares during the last quarter. Finally, Invesco Ltd. raised its stake in shares of PepsiCo by 4.5% during the first quarter. Invesco Ltd. now owns 11,328,158 shares of the company’s stock valued at $1,698,544,000 after acquiring an additional 491,894 shares during the last quarter. Institutional investors own 73.07% of the company’s stock.

Wall Street Analyst Weigh In

PEP has been the subject of several analyst reports. Morgan Stanley raised their price target on shares of PepsiCo from $153.00 to $165.00 and gave the company an “equal weight” rating in a research note on Friday, July 18th. Royal Bank Of Canada decreased their price objective on shares of PepsiCo from $146.00 to $145.00 and set a “sector perform” rating for the company in a research report on Monday, September 15th. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating on shares of PepsiCo in a research report on Thursday, July 17th. Wells Fargo & Company decreased their price objective on shares of PepsiCo from $154.00 to $150.00 and set an “equal weight” rating for the company in a research report on Thursday, September 25th. Finally, UBS Group decreased their price objective on shares of PepsiCo from $175.00 to $170.00 and set a “buy” rating for the company in a research report on Thursday, September 11th. Four investment analysts have rated the stock with a Buy rating, fifteen have given a Hold rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat, PepsiCo has an average rating of “Hold” and an average price target of $158.13.

PepsiCo Trading Up 0.8%

NASDAQ:PEP opened at $140.79 on Wednesday. The company has a current ratio of 0.78, a quick ratio of 0.60 and a debt-to-equity ratio of 2.12. The stock has a market capitalization of $192.75 billion, a price-to-earnings ratio of 25.64, a PEG ratio of 3.53 and a beta of 0.46. The firm has a fifty day simple moving average of $144.26 and a two-hundred day simple moving average of $139.31. PepsiCo, Inc. has a 12 month low of $127.60 and a 12 month high of $177.50.

PepsiCo (NASDAQ:PEP) last posted its quarterly earnings results on Thursday, July 17th. The company reported $2.12 EPS for the quarter, topping analysts’ consensus estimates of $2.03 by $0.09. The business had revenue of $22.73 billion during the quarter, compared to analysts’ expectations of $22.28 billion. PepsiCo had a net margin of 8.23% and a return on equity of 57.81%. The business’s quarterly revenue was up 1.0% on a year-over-year basis. During the same period last year, the company posted $2.28 earnings per share. PepsiCo has set its FY 2025 guidance at 8.038-8.038 EPS. Analysts expect that PepsiCo, Inc. will post 8.3 EPS for the current fiscal year.

PepsiCo Announces Dividend

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

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.