Advisors Asset Management Inc. Has $12.90 Million Holdings in PepsiCo, Inc. $PEP

Key Points

• Advisors Asset Management Inc. reduced its stake in PepsiCo, Inc. by 8.2%, selling 7,729 shares and now holding 86,020 shares valued at $12,898,000.
• Wall Street analysts raised price targets for PepsiCo, with Citigroup targeting $168.00, while the stock has a consensus rating of "Hold".
• The company announced a quarterly dividend of $1.4225 per share, translating to an annualized yield of 3.8% and a payout ratio of 103.64%.

Advisors Asset Management Inc. reduced its stake in shares of PepsiCo, Inc. (NASDAQ:PEP - Free Report) by 8.2% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 86,020 shares of the company's stock after selling 7,729 shares during the quarter. Advisors Asset Management Inc.'s holdings in PepsiCo were worth $12,898,000 as of its most recent SEC filing.

Other large investors also recently made changes to their positions in the company. Elite Financial Inc. bought a new stake in shares of PepsiCo in the 1st quarter valued at about $28,000. Measured Risk Portfolios Inc. bought a new position in shares of PepsiCo in the 4th quarter valued at about $31,000. Sunbeam Capital Management LLC bought a new stake in shares of PepsiCo in the 4th quarter valued at about $47,000. MorganRosel Wealth Management LLC acquired a new position in PepsiCo during the first quarter worth approximately $55,000. Finally, Migdal Insurance & Financial Holdings Ltd. acquired a new stake in shares of PepsiCo in the first quarter valued at approximately $58,000. Institutional investors own 73.07% of the company's stock.

Analyst Ratings Changes

Several equities research analysts have issued reports on PEP shares. Wells Fargo & Company raised their price target on PepsiCo from $140.00 to $154.00 and gave the company an "equal weight" rating in a report on Friday, July 18th. Royal Bank Of Canada reiterated a "sector perform" rating and issued a $146.00 price target on shares of PepsiCo in a research note on Wednesday. Bank of America cut their price objective on shares of PepsiCo from $150.00 to $145.00 and set a "neutral" rating for the company in a research report on Friday, July 11th. Barclays upped their target price on PepsiCo from $132.00 to $144.00 and gave the company an "equal weight" rating in a research report on Monday, July 21st. Finally, Dbs Bank lowered PepsiCo from a "strong-buy" rating to a "hold" rating in a report on Friday, May 9th. Four investment analysts have rated the stock with a Buy rating, fourteen have given a Hold rating and one has assigned a Sell rating to the company's stock. According to data from MarketBeat.com, PepsiCo has an average rating of "Hold" and a consensus target price of $158.60.

PepsiCo Price Performance

Shares of PEP stock traded down $0.50 on Friday, hitting $146.39. 7,185,531 shares of the company's stock were exchanged, compared to its average volume of 8,037,725. The company has a 50 day moving average of $143.00 and a 200 day moving average of $140.90. The stock has a market cap of $200.42 billion, a P/E ratio of 26.66, a price-to-earnings-growth ratio of 3.71 and a beta of 0.46. 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, Inc. has a 12 month low of $127.60 and a 12 month high of $179.43.

PepsiCo (NASDAQ:PEP - Get Free Report) last announced its quarterly earnings results on Thursday, July 17th. The company reported $2.12 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.03 by $0.09. The company had revenue of $22.73 billion for the quarter, compared to analyst estimates of $22.28 billion. PepsiCo had a net margin of 8.23% and a return on equity of 57.81%. The firm's revenue was up 1.0% on a year-over-year basis. During the same period in the previous year, the firm posted $2.28 EPS. PepsiCo has set its FY 2025 guidance at 8.038-8.038 EPS. On average, equities research analysts predict that PepsiCo, Inc. will post 8.3 EPS for the current year.

PepsiCo Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 30th. Investors of record on Friday, September 5th will be given a dividend of $1.4225 per share. The ex-dividend date is Friday, September 5th. This represents a $5.69 dividend on an annualized basis and a yield of 3.9%. PepsiCo's payout ratio is currently 103.64%.

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.