Alpine Woods Capital Investors LLC Trims Stock Position in PepsiCo, Inc. $PEP

Key Points

• Alpine Woods Capital Investors LLC reduced its stake in PepsiCo, Inc. by 45.8% during Q2, bringing their total shares to 13,955 worth approximately $1.843 million.
• Several institutions have increased their holdings in PepsiCo, with Brighton Jones LLC marking a 12.4% increase in shares during Q4 to now own 59,392 shares valued at $9.031 million.
• PepsiCo recently announced a quarterly dividend of $1.4225 per share, resulting in an annualized yield of 3.8%, while the company’s payout ratio stands at 108.17%.

Alpine Woods Capital Investors LLC cut its position in shares of PepsiCo, Inc. (NASDAQ:PEP - Free Report) by 45.8% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 13,955 shares of the company's stock after selling 11,810 shares during the period. Alpine Woods Capital Investors LLC's holdings in PepsiCo were worth $1,843,000 at the end of the most recent quarter.

A number of other institutional investors have also made changes to their positions in PEP. Brighton Jones LLC increased its position in shares of PepsiCo by 12.4% during the fourth quarter. Brighton Jones LLC now owns 59,392 shares of the company's stock valued at $9,031,000 after acquiring an additional 6,574 shares during the last quarter. GAMMA Investing LLC increased its position in shares of PepsiCo by 28.1% during the first quarter. GAMMA Investing LLC now owns 30,603 shares of the company's stock valued at $4,589,000 after acquiring an additional 6,712 shares during the last quarter. Ritholtz Wealth Management increased its position in shares of PepsiCo by 30.5% during the first quarter. Ritholtz Wealth Management now owns 17,135 shares of the company's stock valued at $2,569,000 after acquiring an additional 4,005 shares during the last quarter. Traphagen Investment Advisors LLC increased its position in shares of PepsiCo by 2.1% during the first quarter. Traphagen Investment Advisors LLC now owns 5,823 shares of the company's stock valued at $873,000 after acquiring an additional 119 shares during the last quarter. Finally, Hanson & Doremus Investment Management increased its position in shares of PepsiCo by 10.6% during the first quarter. Hanson & Doremus Investment Management now owns 6,269 shares of the company's stock valued at $940,000 after acquiring an additional 600 shares during the last quarter. 73.07% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on the stock. Cowen reiterated a "hold" rating on shares of PepsiCo in a research report on Thursday, July 17th. Bank of America lifted 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. HSBC lifted their price objective on shares of PepsiCo from $145.00 to $152.00 and gave the company a "hold" rating in a report on Friday. Morgan Stanley lifted their price objective on shares of PepsiCo from $153.00 to $165.00 and gave the company an "equal weight" rating in a report on Friday, July 18th. Finally, Wells Fargo & Company lifted their price objective on shares of PepsiCo from $150.00 to $154.00 and gave the company a "positive" rating in a report on Friday. Five investment analysts have rated the stock with a Buy rating and fourteen have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of "Hold" and an average target price of $157.75.

PepsiCo Stock Down 0.8%

Shares of PepsiCo stock opened at $148.89 on Tuesday. PepsiCo, Inc. has a 52-week low of $127.60 and a 52-week high of $177.50. The company has a 50 day moving average of $144.72 and a 200 day moving average of $139.18. The company has a quick ratio of 0.72, a current ratio of 0.91 and a debt-to-equity ratio of 2.26. The company has a market capitalization of $203.58 billion, a P/E ratio of 28.31, a P/E/G ratio of 3.75 and a beta of 0.46.

PepsiCo (NASDAQ:PEP - Get Free Report) last issued its quarterly earnings results on Thursday, October 9th. The company reported $2.29 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $2.26 by $0.03. PepsiCo had a net margin of 7.82% and a return on equity of 57.58%. The company had revenue of $23.94 billion during the quarter, compared to the consensus estimate of $23.91 billion. During the same quarter in the previous year, the firm earned $2.31 earnings per share. The firm's quarterly revenue was up 2.7% on a year-over-year basis. PepsiCo has set its FY 2025 guidance at 8.120-8.120 EPS. As a group, research analysts forecast that PepsiCo, Inc. will post 8.3 EPS for the current fiscal year.

PepsiCo Announces Dividend

The business also recently disclosed 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. This represents a $5.69 annualized dividend and a dividend yield of 3.8%. The ex-dividend date was Friday, September 5th. PepsiCo's payout ratio is currently 108.17%.

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.

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