Hazlett Burt & Watson Inc. Reduces Stake in PepsiCo, Inc. $PEP

Hazlett Burt & Watson Inc. reduced its holdings in shares of PepsiCo, Inc. (NASDAQ:PEP) by 17.4% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 7,106 shares of the company’s stock after selling 1,499 shares during the quarter. Hazlett Burt & Watson Inc.’s holdings in PepsiCo were worth $937,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. Claris Advisors LLC MO lifted its stake in shares of PepsiCo by 14.1% during the 2nd quarter. Claris Advisors LLC MO now owns 2,490 shares of the company’s stock valued at $329,000 after buying an additional 308 shares in the last quarter. Foster Group Inc. lifted its stake in shares of PepsiCo by 4.6% during the 2nd quarter. Foster Group Inc. now owns 5,169 shares of the company’s stock valued at $683,000 after buying an additional 229 shares in the last quarter. Asset Management One Co. Ltd. lifted its stake in PepsiCo by 3.6% in the 1st quarter. Asset Management One Co. Ltd. now owns 630,906 shares of the company’s stock worth $94,598,000 after purchasing an additional 21,859 shares in the last quarter. Ignite Planners LLC lifted its stake in PepsiCo by 4.2% in the 1st quarter. Ignite Planners LLC now owns 3,773 shares of the company’s stock worth $566,000 after purchasing an additional 151 shares in the last quarter. Finally, Merit Financial Group LLC lifted its stake in PepsiCo by 46.4% in the 2nd quarter. Merit Financial Group LLC now owns 114,344 shares of the company’s stock worth $15,098,000 after purchasing an additional 36,239 shares in the last quarter. 73.07% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several analysts have issued reports on PEP shares. Weiss Ratings reiterated a “hold (c-)” rating on shares of PepsiCo in a research note on Saturday, September 27th. Jefferies Financial Group increased their target price on shares of PepsiCo from $161.00 to $163.00 and gave the stock a “hold” rating in a research note on Friday. Citigroup lowered their target price on shares of PepsiCo from $168.00 to $165.00 and set a “buy” rating on the stock in a research note on Thursday, September 25th. HSBC increased their target price on shares of PepsiCo from $145.00 to $152.00 and gave the stock a “hold” rating in a research note on Friday. Finally, Morgan Stanley raised their price objective on shares of PepsiCo from $153.00 to $165.00 and gave the company an “equal weight” rating in a research report on Friday, July 18th. Five 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, the stock has a consensus rating of “Hold” and an average target price of $157.75.

PepsiCo Price Performance

Shares of NASDAQ:PEP opened at $150.08 on Monday. The stock has a market cap of $205.47 billion, a PE ratio of 28.53, a PEG ratio of 3.75 and a beta of 0.46. The company’s fifty day moving average is $144.53 and its 200 day moving average is $139.19. 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 0.72, a current ratio of 0.91 and a debt-to-equity ratio of 2.26.

PepsiCo (NASDAQ:PEP) last issued its 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 company had revenue of $23.94 billion for the quarter, compared to analysts’ expectations of $23.91 billion. PepsiCo had a net margin of 7.82% and a return on equity of 57.58%. The firm’s revenue was up 2.7% compared to the same quarter last year. During the same quarter last year, the company earned $2.31 EPS. PepsiCo has set its FY 2025 guidance at 8.120-8.120 EPS. Research analysts anticipate that PepsiCo, Inc. will post 8.3 earnings per share for the current year.

PepsiCo Dividend Announcement

The company also recently disclosed 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 was Friday, September 5th. This represents a $5.69 dividend on an annualized basis and a dividend yield of 3.8%. PepsiCo’s payout ratio is presently 108.17%.

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.