American Trust Sells 5,941 Shares of PepsiCo, Inc. $PEP

Key Points

• American Trust reduced its stake in PepsiCo, Inc. by 19.1%, holding 25,176 shares valued at approximately $3.77 million.
• After recent filings, hedge funds own approximately 73.07% of PepsiCo, with notable increases in holdings by Vanguard and Charles Schwab Investment Management.
• PepsiCo reported earnings of $2.12 per share, beating estimates, and announced a quarterly dividend of $1.4225 per share, yielding about 4.0%.

American Trust reduced its stake in shares of PepsiCo, Inc. (NASDAQ:PEP - Free Report) by 19.1% in the first quarter, according to its most recent filing with the SEC. The institutional investor owned 25,176 shares of the company's stock after selling 5,941 shares during the period. PepsiCo comprises approximately 0.9% of American Trust's portfolio, making the stock its 28th biggest position. American Trust's holdings in PepsiCo were worth $3,775,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Legacy Financial Group LLC increased its holdings in PepsiCo by 4.9% during the 1st quarter. Legacy Financial Group LLC now owns 1,514 shares of the company's stock worth $227,000 after purchasing an additional 71 shares in the last quarter. Pflug Koory LLC increased its holdings in PepsiCo by 1.0% during the 1st quarter. Pflug Koory LLC now owns 7,750 shares of the company's stock worth $1,162,000 after purchasing an additional 76 shares in the last quarter. Hoge Financial Services LLC increased its holdings in PepsiCo by 2.1% during the 1st quarter. Hoge Financial Services LLC now owns 3,633 shares of the company's stock worth $545,000 after purchasing an additional 76 shares in the last quarter. Members Trust Co increased its holdings in PepsiCo by 1.3% during the 1st quarter. Members Trust Co now owns 5,941 shares of the company's stock worth $891,000 after purchasing an additional 77 shares in the last quarter. Finally, Rothschild Investment LLC boosted its stake in shares of PepsiCo by 0.5% in the 1st quarter. Rothschild Investment LLC now owns 15,873 shares of the company's stock worth $2,380,000 after buying an additional 78 shares during the last quarter. 73.07% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts have recently weighed in on the company. Bank of America cut their target price on PepsiCo from $150.00 to $145.00 and set a "neutral" rating on the stock in a research note on Friday, July 11th. Cowen restated a "hold" rating on shares of PepsiCo in a research note on Thursday, July 17th. Wells Fargo & Company boosted their target price on PepsiCo from $140.00 to $154.00 and gave the stock an "equal weight" rating in a research note on Friday, July 18th. Citigroup boosted their target price on PepsiCo from $160.00 to $168.00 and gave the stock a "buy" rating in a research note on Friday, July 18th. Finally, JPMorgan Chase & Co. cut their target price on PepsiCo from $150.00 to $139.00 and set a "neutral" rating on the stock in a research note on Thursday, July 10th. Four equities research analysts have rated the stock with a Buy rating, fourteen have issued a Hold rating and one has given a Sell rating to the company's stock. According to MarketBeat, the company has a consensus rating of "Hold" and an average target price of $158.67.

PepsiCo Stock Performance

Shares of NASDAQ:PEP traded up $1.57 during trading on Thursday, hitting $144.23. 6,139,308 shares of the company were exchanged, compared to its average volume of 8,508,047. The company has a market cap of $197.46 billion, a PE ratio of 26.27, a P/E/G ratio of 3.62 and a beta of 0.46. The stock has a 50 day moving average of $143.65 and a 200 day moving average of $140.69. PepsiCo, Inc. has a 52-week low of $127.60 and a 52-week high of $179.43. 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 - Get Free Report) last posted its earnings results on Thursday, July 17th. The company reported $2.12 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.03 by $0.09. The firm had revenue of $22.73 billion for the quarter, compared to the consensus estimate of $22.28 billion. PepsiCo had a return on equity of 57.81% and a net margin of 8.23%.The business's quarterly revenue was up 1.0% on a year-over-year basis. During the same quarter in the prior year, the business posted $2.28 earnings per share. PepsiCo has set its FY 2025 guidance at 8.038-8.038 EPS. As a group, equities research analysts predict that PepsiCo, Inc. will post 8.3 EPS for the current year.

PepsiCo Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, September 30th. Shareholders 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 annualized dividend and a dividend yield of 3.9%. PepsiCo's dividend 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.