IFC Advisors LLC Lowers Stock Holdings in PepsiCo, Inc. $PEP

IFC Advisors LLC trimmed its stake in PepsiCo, Inc. (NASDAQ:PEP) by 3.9% in the 2nd quarter, Holdings Channel.com reports. The institutional investor owned 8,428 shares of the company’s stock after selling 342 shares during the period. IFC Advisors LLC’s holdings in PepsiCo were worth $1,113,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in PEP. Nuveen LLC bought a new stake in shares of PepsiCo in the 1st quarter valued at about $946,978,000. Kingstone Capital Partners Texas LLC bought a new position in shares of PepsiCo during the 2nd quarter worth approximately $460,110,000. Vanguard Group Inc. raised its stake in shares of PepsiCo by 1.4% during the 1st quarter. Vanguard Group Inc. now owns 135,174,252 shares of the company’s stock worth $20,268,027,000 after acquiring an additional 1,802,748 shares in the last quarter. Charles Schwab Investment Management Inc. increased its stake in PepsiCo by 5.0% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 26,475,241 shares of the company’s stock valued at $3,969,698,000 after purchasing an additional 1,258,198 shares in the last quarter. Finally, Deutsche Bank AG increased its stake in PepsiCo by 14.3% during the 1st quarter. Deutsche Bank AG now owns 9,296,022 shares of the company’s stock valued at $1,393,846,000 after purchasing an additional 1,165,745 shares in the last quarter. 73.07% of the stock is owned by hedge funds and other institutional investors.

PepsiCo Trading Down 0.8%

Shares of PEP stock opened at $148.89 on Tuesday. The company has a debt-to-equity ratio of 2.26, a current ratio of 0.91 and a quick ratio of 0.72. The firm has a market cap of $203.58 billion, a PE ratio of 28.31, a price-to-earnings-growth ratio of 3.75 and a beta of 0.46. The company has a 50-day moving average of $144.72 and a two-hundred day moving average of $139.18. PepsiCo, Inc. has a 1-year low of $127.60 and a 1-year high of $177.50.

PepsiCo (NASDAQ:PEP) last announced its earnings results on Thursday, October 9th. The company reported $2.29 earnings per share for the quarter, topping the consensus estimate of $2.26 by $0.03. The company had revenue of $23.94 billion during the quarter, compared to analyst estimates of $23.91 billion. PepsiCo had a net margin of 7.82% and a return on equity of 57.58%. PepsiCo’s revenue was up 2.7% compared to the same quarter last year. During the same quarter last year, the firm posted $2.31 earnings per share. PepsiCo has set its FY 2025 guidance at 8.120-8.120 EPS. On average, analysts predict that PepsiCo, Inc. will post 8.3 EPS for the current year.

PepsiCo Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, September 30th. Stockholders 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 annualized dividend and a dividend yield of 3.8%. PepsiCo’s dividend payout ratio (DPR) is presently 108.17%.

Analyst Upgrades and Downgrades

PEP has been the topic of several recent research reports. Bank of America upped their price objective on shares of PepsiCo from $150.00 to $155.00 and gave the company a “neutral” rating in a report on Friday. Wells Fargo & Company increased their price target on shares of PepsiCo from $150.00 to $154.00 and gave the stock a “positive” rating in a report on Friday. Royal Bank Of Canada decreased their price objective on shares of PepsiCo from $146.00 to $145.00 and set a “sector perform” rating on the stock in a report on Monday, September 15th. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of PepsiCo in a report on Saturday, September 27th. Finally, JPMorgan Chase & Co. decreased their price objective on shares of PepsiCo from $157.00 to $151.00 and set a “neutral” rating on the stock in a report on Monday, October 6th. Five equities research analysts have rated the stock with a Buy rating and fourteen have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $157.75.

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.