PepsiCo, Inc. $PEP Shares Sold by Hager Investment Management Services LLC

Hager Investment Management Services LLC cut its position in shares of PepsiCo, Inc. (NASDAQ:PEP) by 40.8% during the 2nd quarter, according to the company in its most recent filing with the SEC. The firm owned 572 shares of the company’s stock after selling 395 shares during the quarter. Hager Investment Management Services LLC’s holdings in PepsiCo were worth $76,000 as of its most recent filing with the SEC.

Several other hedge funds also recently modified their holdings of PEP. Nova Wealth Management Inc. acquired a new position in shares of PepsiCo in the 1st quarter worth $25,000. Elite Financial Inc. acquired a new position in shares of PepsiCo in the 1st quarter worth $28,000. Legend Financial Advisors Inc. acquired a new position in shares of PepsiCo in the 2nd quarter worth $29,000. Investment Research & Advisory Group Inc. grew 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 acquiring an additional 232 shares during the last quarter. Finally, RMG Wealth Management LLC acquired a new position in shares of PepsiCo in the 2nd quarter worth $45,000. 73.07% of the stock is currently owned by institutional investors and hedge funds.

PepsiCo Price Performance

Shares of NASDAQ:PEP opened at $138.84 on Thursday. PepsiCo, Inc. has a fifty-two week low of $127.60 and a fifty-two week high of $177.50. The business has a 50-day moving average of $144.18 and a two-hundred day moving average of $139.30. The stock has a market capitalization of $190.08 billion, a P/E ratio of 25.29, a P/E/G ratio of 3.55 and a beta of 0.46. The company has a debt-to-equity ratio of 2.12, a current ratio of 0.78 and a quick ratio of 0.60.

PepsiCo (NASDAQ:PEP) last announced its quarterly earnings results on Thursday, July 17th. The company reported $2.12 earnings per share for the quarter, topping analysts’ consensus estimates of $2.03 by $0.09. PepsiCo had a return on equity of 57.81% and a net margin of 8.23%.The company had revenue of $22.73 billion during the quarter, compared to analysts’ expectations of $22.28 billion. During the same quarter in the previous year, the firm earned $2.28 earnings per share. The business’s quarterly revenue was up 1.0% compared to the same quarter last year. PepsiCo has set its FY 2025 guidance at 8.038-8.038 EPS. On average, equities research analysts predict that PepsiCo, Inc. will post 8.3 EPS for the current fiscal 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 $1.4225 dividend. The ex-dividend date of this dividend was Friday, September 5th. This represents a $5.69 dividend on an annualized basis and a dividend yield of 4.1%. PepsiCo’s payout ratio is currently 103.64%.

Analysts Set New Price Targets

A number of brokerages recently issued reports on PEP. Weiss Ratings restated a “hold (c-)” rating on shares of PepsiCo in a report on Saturday, September 27th. Deutsche Bank Aktiengesellschaft restated a “buy” rating on shares of PepsiCo in a report on Thursday, July 17th. Barclays reiterated a “cautious” rating on shares of PepsiCo in a report on Friday, October 3rd. Wells Fargo & Company lowered their price target on PepsiCo from $154.00 to $150.00 and set an “equal weight” rating on the stock in a report on Thursday, September 25th. Finally, Citigroup reduced their price target on shares of PepsiCo from $168.00 to $165.00 and set a “buy” rating for the company in a research report on Thursday, September 25th. Four research analysts have rated the stock with a Buy rating, fifteen have issued a Hold rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $158.13.

About PepsiCo

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.