Asio Capital LLC Reduces Stock Position in PepsiCo, Inc. $PEP

Key Points

• Asio Capital LLC has significantly reduced its stake in PepsiCo, Inc. by 76.7%, now holding just 7,230 shares valued at approximately $955,000 after selling 23,816 shares in the second quarter.
• PepsiCo reported Q2 earnings of $2.12 per share, exceeding analysts' expectations of $2.03, with total revenue for the quarter at $22.73 billion.
• The company announced a quarterly dividend of $1.4225 per share with a yield of 4.1%, set to be paid on September 30th.

Asio Capital LLC decreased its position in shares of PepsiCo, Inc. (NASDAQ:PEP - Free Report) by 76.7% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 7,230 shares of the company's stock after selling 23,816 shares during the quarter. Asio Capital LLC's holdings in PepsiCo were worth $955,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of PEP. Legacy Financial Group LLC grew its position in shares of PepsiCo by 4.9% in the first quarter. Legacy Financial Group LLC now owns 1,514 shares of the company's stock valued at $227,000 after purchasing an additional 71 shares during the last quarter. Centurion Wealth Management LLC increased its position in PepsiCo by 3.8% during the second quarter. Centurion Wealth Management LLC now owns 2,068 shares of the company's stock worth $273,000 after buying an additional 75 shares in the last quarter. SK Wealth Management LLC raised its holdings in shares of PepsiCo by 3.3% in the second quarter. SK Wealth Management LLC now owns 2,375 shares of the company's stock worth $319,000 after acquiring an additional 75 shares during the last quarter. Pflug Koory LLC boosted its stake in shares of PepsiCo by 1.0% during the first quarter. Pflug Koory LLC now owns 7,750 shares of the company's stock valued at $1,162,000 after acquiring an additional 76 shares during the last quarter. Finally, Hoge Financial Services LLC increased its position 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. 73.07% of the stock is owned by hedge funds and other institutional investors.

PepsiCo Trading Down 0.2%

PEP opened at $140.17 on Tuesday. The firm's 50 day moving average is $144.60 and its 200-day moving average is $139.53. PepsiCo, Inc. has a 52-week low of $127.60 and a 52-week high of $177.50. The company has a quick ratio of 0.60, a current ratio of 0.78 and a debt-to-equity ratio of 2.12. The firm has a market capitalization of $191.90 billion, a P/E ratio of 25.53, a P/E/G ratio of 3.54 and a beta of 0.46.

PepsiCo (NASDAQ:PEP - Get Free Report) last issued its quarterly earnings results on Thursday, July 17th. The company reported $2.12 EPS 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 during the quarter, compared to the consensus estimate of $22.28 billion. During the same quarter in the prior year, the business posted $2.28 earnings per share. PepsiCo's revenue for the quarter was up 1.0% on a year-over-year basis. PepsiCo has set its FY 2025 guidance at 8.038-8.038 EPS. Analysts expect that PepsiCo, Inc. will post 8.3 EPS for the current fiscal year.

PepsiCo Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 30th. Investors of record on Friday, September 5th will be paid a dividend of $1.4225 per share. The ex-dividend date is Friday, September 5th. This represents a $5.69 annualized dividend and a yield of 4.1%. PepsiCo's dividend payout ratio is 103.64%.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on PEP. Bank of America lowered their price target on shares of PepsiCo from $150.00 to $145.00 and set a "neutral" rating for the company in a report on Friday, July 11th. Citigroup reduced their price target on PepsiCo from $168.00 to $165.00 and set a "buy" rating on the stock in a research note on Thursday, September 25th. UBS Group lowered their price objective on PepsiCo from $175.00 to $170.00 and set a "buy" rating for the company in a research report on Thursday, September 11th. JPMorgan Chase & Co. reduced their target price on PepsiCo from $150.00 to $139.00 and set a "neutral" rating on the stock in a research report on Thursday, July 10th. Finally, Royal Bank Of Canada lowered their price target on PepsiCo from $146.00 to $145.00 and set a "sector perform" rating for the company in a report on Monday, September 15th. Four investment analysts have rated the stock with a Buy rating, fourteen have issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, PepsiCo presently has an average rating of "Hold" and an average target price of $158.13.

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.

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