Fulton Breakefield Broenniman LLC Sells 74,272 Shares of PepsiCo, Inc. $PEP

Fulton Breakefield Broenniman LLC decreased its holdings in PepsiCo, Inc. (NASDAQ:PEP) by 86.8% during the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 11,328 shares of the company’s stock after selling 74,272 shares during the period. Fulton Breakefield Broenniman LLC’s holdings in PepsiCo were worth $1,496,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of PEP. Brighton Jones LLC grew its position in shares of PepsiCo by 12.4% in the fourth quarter. Brighton Jones LLC now owns 59,392 shares of the company’s stock valued at $9,031,000 after purchasing an additional 6,574 shares during the last quarter. Wedge Capital Management L L P NC acquired a new position in shares of PepsiCo in the first quarter valued at approximately $408,000. Pallas Capital Advisors LLC grew its position in shares of PepsiCo by 272.8% in the first quarter. Pallas Capital Advisors LLC now owns 9,678 shares of the company’s stock valued at $1,451,000 after purchasing an additional 7,082 shares during the last quarter. GAMMA Investing LLC grew its position in shares of PepsiCo by 28.1% in the first quarter. GAMMA Investing LLC now owns 30,603 shares of the company’s stock valued at $4,589,000 after purchasing an additional 6,712 shares during the last quarter. Finally, Integrated Advisors Network LLC grew its position in shares of PepsiCo by 107.1% in the first quarter. Integrated Advisors Network LLC now owns 35,757 shares of the company’s stock valued at $5,361,000 after purchasing an additional 18,489 shares during the last quarter. Institutional investors own 73.07% of the company’s stock.

Analyst Ratings Changes

Several research firms have recently commented on PEP. Wells Fargo & Company decreased their target price on PepsiCo from $154.00 to $150.00 and set an “equal weight” rating on the stock in a research report on Thursday, September 25th. Morgan Stanley upped their target price on PepsiCo from $153.00 to $165.00 and gave the company an “equal weight” rating in a research report on Friday, July 18th. Cowen reissued a “hold” rating on shares of PepsiCo in a research report on Thursday, July 17th. Royal Bank Of Canada reduced their price target on PepsiCo from $146.00 to $145.00 and set a “sector perform” rating on the stock in a research report on Monday, September 15th. Finally, Weiss Ratings reissued a “hold (c-)” rating on shares of PepsiCo in a research report on Saturday, September 27th. Four research analysts have rated the stock with a Buy rating, fifteen have issued a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat.com, PepsiCo presently has a consensus rating of “Hold” and a consensus target price of $158.13.

PepsiCo Trading Down 1.4%

Shares of PEP stock opened at $138.84 on Thursday. The stock’s fifty day moving average price is $144.18 and its two-hundred day moving average price is $139.30. The company has a market cap of $190.08 billion, a PE ratio of 25.29, a P/E/G ratio of 3.55 and a beta of 0.46. PepsiCo, Inc. has a fifty-two week low of $127.60 and a fifty-two week high of $177.50. The company has a debt-to-equity ratio of 2.12, a quick ratio of 0.60 and a current ratio of 0.78.

PepsiCo (NASDAQ:PEP) last issued its earnings results on Thursday, July 17th. The company reported $2.12 earnings per share for the quarter, beating analysts’ consensus estimates of $2.03 by $0.09. PepsiCo had a return on equity of 57.81% and a net margin of 8.23%.The firm had revenue of $22.73 billion for the quarter, compared to the consensus estimate of $22.28 billion. During the same quarter last year, the business posted $2.28 EPS. The company’s revenue was up 1.0% compared to the same quarter last year. PepsiCo has set its FY 2025 guidance at 8.038-8.038 EPS. Equities analysts predict that PepsiCo, Inc. will post 8.3 EPS for the current fiscal year.

PepsiCo Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, September 30th. Stockholders of record on Friday, September 5th were paid a $1.4225 dividend. This represents a $5.69 dividend on an annualized basis and a dividend yield of 4.1%. The ex-dividend date was Friday, September 5th. PepsiCo’s dividend payout ratio is presently 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.