PepsiCo, Inc. $PEP Position Cut by Commonwealth Financial Services LLC

Commonwealth Financial Services LLC trimmed its stake in PepsiCo, Inc. (NASDAQ:PEP) by 5.0% during the second quarter, according to its most recent disclosure with the SEC. The fund owned 4,058 shares of the company’s stock after selling 213 shares during the quarter. Commonwealth Financial Services LLC’s holdings in PepsiCo were worth $536,000 as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in PEP. Nova Wealth Management Inc. bought a new stake in shares of PepsiCo during the first quarter valued at about $25,000. Elite Financial Inc. bought a new stake in shares of PepsiCo during the first quarter valued at about $28,000. Legend Financial Advisors Inc. bought a new stake in shares of PepsiCo during the second quarter valued at about $29,000. RMG Wealth Management LLC bought a new stake in shares of PepsiCo during the second quarter valued at about $45,000. Finally, Investment Research & Advisory Group Inc. raised its stake in shares of PepsiCo by 263.6% during the second quarter. Investment Research & Advisory Group Inc. now owns 320 shares of the company’s stock valued at $42,000 after purchasing an additional 232 shares in the last quarter. 73.07% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of brokerages recently weighed in on PEP. Barclays lifted their price objective on shares of PepsiCo from $140.00 to $142.00 and gave the company an “equal weight” rating in a research note on Friday. Morgan Stanley lifted their price objective 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. UBS Group lowered their target price on PepsiCo from $175.00 to $170.00 and set a “buy” rating on the stock in a report on Thursday, September 11th. Jefferies Financial Group lifted their target price on PepsiCo from $161.00 to $163.00 and gave the stock a “hold” rating in a report on Friday. Finally, Bank of America lifted their target price on PepsiCo from $150.00 to $155.00 and gave the stock a “neutral” rating in a report on Friday. Five research analysts have rated the stock with a Buy rating and fourteen have issued a Hold rating to the stock. According to data from MarketBeat.com, PepsiCo presently has an average rating of “Hold” and a consensus target price of $158.88.

PepsiCo Trading Up 3.7%

Shares of PEP opened at $150.08 on Friday. The business’s 50-day moving average price is $144.53 and its 200 day moving average price is $139.26. The stock has a market capitalization of $205.47 billion, a P/E ratio of 28.53, a P/E/G ratio of 3.76 and a beta of 0.46. PepsiCo, Inc. has a 1-year low of $127.60 and a 1-year high of $177.50. The company has a current ratio of 0.78, a quick ratio of 0.60 and a debt-to-equity ratio of 2.12.

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

PepsiCo Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, September 30th. Investors of record on Friday, September 5th were paid 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 yield of 3.8%. PepsiCo’s dividend payout ratio (DPR) is currently 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.