Mitchell Sinkler & Starr PA Has $2.38 Million Stake in PepsiCo, Inc. $PEP

Mitchell Sinkler & Starr PA decreased its stake in shares of PepsiCo, Inc. (NASDAQ:PEP) by 63.2% in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 18,027 shares of the company’s stock after selling 30,952 shares during the quarter. PepsiCo comprises approximately 1.1% of Mitchell Sinkler & Starr PA’s investment portfolio, making the stock its 25th largest holding. Mitchell Sinkler & Starr PA’s holdings in PepsiCo were worth $2,380,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Nova Wealth Management Inc. acquired a new stake in shares of PepsiCo during the 1st quarter worth approximately $25,000. Elite Financial Inc. bought a new position in shares of PepsiCo in the 1st quarter worth $28,000. Legend Financial Advisors Inc. bought a new position in shares of PepsiCo in the 2nd quarter worth $29,000. RMG Wealth Management LLC bought a new position in shares of PepsiCo in the 2nd quarter worth $45,000. Finally, Investment Research & Advisory Group Inc. lifted its holdings in shares of PepsiCo by 263.6% in the 2nd quarter. Investment Research & Advisory Group Inc. now owns 320 shares of the company’s stock worth $42,000 after purchasing an additional 232 shares in the last quarter. Institutional investors and hedge funds own 73.07% of the company’s stock.

Analysts Set New Price Targets

PEP has been the topic of a number of recent research reports. Barclays increased their target price on PepsiCo from $140.00 to $142.00 and gave the stock an “equal weight” rating in a report on Friday. Jefferies Financial Group increased their target price on PepsiCo from $161.00 to $163.00 and gave the stock a “hold” rating in a report on Friday. Cowen reiterated a “hold” rating on shares of PepsiCo in a report on Thursday, July 17th. UBS Group cut 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. Finally, Evercore ISI raised their price objective on PepsiCo from $150.00 to $152.00 in a research note on Friday. Five equities research analysts have rated the stock with a Buy rating and fourteen have issued a Hold rating to the stock. Based on data from MarketBeat, PepsiCo currently has a consensus rating of “Hold” and an average price target of $158.88.

PepsiCo Trading Up 3.7%

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

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

PepsiCo Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, September 30th. Stockholders of record on Friday, September 5th were given a dividend of $1.4225 per share. 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 currently 103.64%.

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.