PepsiCo, Inc. $PEP Shares Sold by Sterling Financial Planning Inc.

Sterling Financial Planning Inc. cut its stake in PepsiCo, Inc. (NASDAQ:PEP) by 3.4% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 3,170 shares of the company’s stock after selling 112 shares during the period. Sterling Financial Planning Inc.’s holdings in PepsiCo were worth $419,000 as of its most recent SEC filing.

Other large investors have also recently added to or reduced their stakes in the company. Nova Wealth Management Inc. acquired a new stake in PepsiCo in the first quarter worth $25,000. Elite Financial Inc. bought a new position in shares of PepsiCo in the first quarter worth $28,000. Legend Financial Advisors Inc. bought a new position in shares of PepsiCo in the second quarter worth $29,000. Frazier Financial Advisors LLC grew its stake in shares of PepsiCo by 85.3% in the second quarter. Frazier Financial Advisors LLC now owns 265 shares of the company’s stock worth $35,000 after purchasing an additional 122 shares in the last quarter. Finally, RMG Wealth Management LLC bought a new position in shares of PepsiCo in the second quarter worth $45,000. 73.07% of the stock is owned by institutional investors and hedge funds.

PepsiCo Trading Up 1.8%

NASDAQ:PEP opened at $151.54 on Wednesday. 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, Inc. has a 1-year low of $127.60 and a 1-year high of $177.50. The firm has a market capitalization of $207.21 billion, a price-to-earnings ratio of 28.81, a price-to-earnings-growth ratio of 3.62 and a beta of 0.46. The stock has a fifty day simple moving average of $144.96 and a 200 day simple moving average of $139.27.

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

PepsiCo Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, September 30th. Investors 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 dividend payout ratio (DPR) is 108.17%.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on PEP shares. Cowen reissued a “hold” rating on shares of PepsiCo in a research note on Thursday, July 17th. Bank of America increased their price target on PepsiCo from $150.00 to $155.00 and gave the stock a “neutral” rating in a research note on Friday, October 10th. Deutsche Bank Aktiengesellschaft reissued a “buy” rating on shares of PepsiCo in a research note on Thursday, July 17th. Barclays raised their target price on PepsiCo from $140.00 to $142.00 and gave the company an “equal weight” rating in a research note on Friday, October 10th. Finally, Wells Fargo & Company raised their target price on PepsiCo from $150.00 to $154.00 and gave the company a “positive” rating in a research note on Friday. Six equities research analysts have rated the stock with a Buy rating, fourteen have assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $156.00.

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.