Blue Zone Wealth Advisors LLC Sells 74 Shares of PepsiCo, Inc. $PEP

Blue Zone Wealth Advisors LLC reduced its stake in shares of PepsiCo, Inc. (NASDAQ:PEP) by 1.6% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,461 shares of the company’s stock after selling 74 shares during the period. Blue Zone Wealth Advisors LLC’s holdings in PepsiCo were worth $589,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of the stock. JB Capital LLC raised its holdings in PepsiCo by 8.2% during the second quarter. JB Capital LLC now owns 72,881 shares of the company’s stock valued at $9,623,000 after buying an additional 5,533 shares in the last quarter. Blue Trust Inc. raised its holdings in PepsiCo by 3.2% during the second quarter. Blue Trust Inc. now owns 43,220 shares of the company’s stock valued at $5,707,000 after buying an additional 1,328 shares in the last quarter. Fourpath Capital Management LLC raised its holdings in PepsiCo by 2.3% during the second quarter. Fourpath Capital Management LLC now owns 30,693 shares of the company’s stock valued at $4,053,000 after buying an additional 681 shares in the last quarter. Thompson Investment Management Inc. raised its holdings in PepsiCo by 3.9% during the second quarter. Thompson Investment Management Inc. now owns 72,636 shares of the company’s stock valued at $9,591,000 after buying an additional 2,694 shares in the last quarter. Finally, Robertson Stephens Wealth Management LLC grew its position in shares of PepsiCo by 4.2% in the second quarter. Robertson Stephens Wealth Management LLC now owns 26,128 shares of the company’s stock valued at $3,450,000 after purchasing an additional 1,061 shares during the last quarter. 73.07% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

PEP has been the topic of several research analyst reports. Bank of America lowered their price target on PepsiCo from $150.00 to $145.00 and set a “neutral” rating on the stock in a research report on Friday, July 11th. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of PepsiCo in a research report on Saturday, September 27th. Wells Fargo & Company raised their price target on PepsiCo from $150.00 to $154.00 and gave the company a “positive” rating in a research report on Friday. Evercore ISI raised their price target on PepsiCo from $150.00 to $152.00 in a research report on Friday. Finally, Jefferies Financial Group raised their price target on PepsiCo from $161.00 to $163.00 and gave the company a “hold” rating in a research report on Friday. Five analysts have rated the stock with a Buy rating and fourteen have assigned a Hold rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $158.25.

PepsiCo Stock Up 3.7%

Shares of PEP opened at $150.08 on Friday. The stock has a market cap of $205.47 billion, a price-to-earnings ratio of 28.53, a P/E/G ratio of 3.62 and a beta of 0.46. 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, Inc. has a 12 month low of $127.60 and a 12 month high of $177.50. The company has a 50-day moving average price of $144.53 and a two-hundred day moving average price of $139.32.

PepsiCo (NASDAQ:PEP) last announced its quarterly earnings results on Thursday, October 9th. The company reported $2.29 EPS for the quarter, topping analysts’ consensus estimates of $2.26 by $0.03. The firm had revenue of $23.94 billion during the quarter, compared to analysts’ expectations of $23.91 billion. PepsiCo had a net margin of 7.82% and a return on equity of 58.46%. The company’s revenue for the quarter was up 2.7% compared to the same quarter last year. During the same quarter last year, the company earned $2.31 earnings per share. PepsiCo has set its FY 2025 guidance at 8.120-8.120 EPS. Equities analysts predict that PepsiCo, Inc. will post 8.3 EPS for the current fiscal year.

PepsiCo Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, September 30th. Shareholders of record on Friday, September 5th were paid a dividend of $1.4225 per share. The ex-dividend date was Friday, September 5th. This represents a $5.69 dividend on an annualized basis and a yield of 3.8%. 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.