AssuredPartners Investment Advisors LLC Reduces Stock Position in PepsiCo, Inc. $PEP

Key Points

• AssuredPartners Investment Advisors LLC reduced its stake in PepsiCo, Inc. by 62.0%, owning 2,984 shares valued at approximately $394,000 after selling 4,871 shares in the second quarter.
• PepsiCo reported a quarterly earnings per share (EPS) of $2.29, exceeding estimates by $0.03, alongside a 2.7% increase in revenue year-over-year.
• The company announced a quarterly dividend of $1.4225 per share, representing an annualized dividend of $5.69 with a yield of 3.7%.

AssuredPartners Investment Advisors LLC cut its stake in PepsiCo, Inc. (NASDAQ:PEP - Free Report) by 62.0% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 2,984 shares of the company's stock after selling 4,871 shares during the period. AssuredPartners Investment Advisors LLC's holdings in PepsiCo were worth $394,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also made changes to their positions in PEP. Nova Wealth Management Inc. acquired a new position in PepsiCo in the first quarter valued at approximately $25,000. Elite Financial Inc. acquired a new position in PepsiCo in the first quarter valued at approximately $28,000. Legend Financial Advisors Inc. acquired a new position in PepsiCo in the second quarter valued at approximately $29,000. Frazier Financial Advisors LLC lifted its holdings in PepsiCo by 85.3% in the second quarter. Frazier Financial Advisors LLC now owns 265 shares of the company's stock valued at $35,000 after acquiring an additional 122 shares during the last quarter. Finally, Investment Research & Advisory Group Inc. lifted its holdings in PepsiCo by 263.6% in the second quarter. Investment Research & Advisory Group Inc. now owns 320 shares of the company's stock valued at $42,000 after acquiring an additional 232 shares during the last quarter. 73.07% of the stock is currently owned by hedge funds and other institutional investors.

PepsiCo Stock Performance

NASDAQ:PEP opened at $153.71 on Friday. The firm has a market capitalization of $210.17 billion, a PE ratio of 29.22, a price-to-earnings-growth ratio of 3.71 and a beta of 0.46. The business's fifty day moving average price is $145.51 and its 200 day moving average price is $139.40. The company has a debt-to-equity ratio of 2.26, a current ratio of 0.91 and a quick ratio of 0.72. PepsiCo, Inc. has a 12 month low of $127.60 and a 12 month high of $177.50.

PepsiCo (NASDAQ:PEP - Get Free Report) last issued its quarterly earnings data on Thursday, October 9th. The company reported $2.29 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.26 by $0.03. The company had revenue of $23.94 billion for the quarter, compared to analyst estimates of $23.91 billion. PepsiCo had a return on equity of 57.58% and a net margin of 7.82%.The business's quarterly revenue was up 2.7% compared to the same quarter last year. During the same quarter last year, the company posted $2.31 earnings per share. PepsiCo has set its FY 2025 guidance at 8.120-8.120 EPS. On average, sell-side analysts anticipate that PepsiCo, Inc. will post 8.3 earnings per share for the current fiscal 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 paid a dividend of $1.4225 per share. The ex-dividend date was Friday, September 5th. This represents a $5.69 annualized dividend and a dividend yield of 3.7%. PepsiCo's dividend payout ratio is 108.17%.

Wall Street Analyst Weigh In

PEP has been the topic of a number of recent analyst reports. Weiss Ratings reiterated a "hold (c)" rating on shares of PepsiCo in a report on Tuesday. Barclays upped their price target on PepsiCo from $140.00 to $142.00 and gave the stock an "equal weight" rating in a research note on Friday, October 10th. Rothschild & Co Redburn upped their price target on PepsiCo from $115.00 to $117.00 and gave the stock a "sell" rating in a research note on Monday, October 13th. Citigroup decreased 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. Finally, Jefferies Financial Group upped their price target on PepsiCo from $161.00 to $163.00 and gave the stock a "hold" rating in a research note on Friday, October 10th. Six analysts have rated the stock with a Buy rating, fourteen have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, PepsiCo has a consensus rating of "Hold" and a consensus price target of $156.00.

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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