Atria Wealth Solutions Inc. Decreases Position in PepsiCo, Inc. $PEP

Key Points

• Atria Wealth Solutions Inc. decreased its stake in PepsiCo by 44.4% in the 2nd quarter, leaving them with 40,413 shares valued at $5,364,000.
• PepsiCo reported $2.29 earnings per share (EPS) for the recent quarter, exceeding analysts' estimates of $2.26, accompanied by a 2.7% revenue increase year-over-year.
• The company has declared a quarterly dividend of $1.4225, yielding 3.8%, despite having a payout ratio of 108.17%.

Atria Wealth Solutions Inc. lowered its stake in shares of PepsiCo, Inc. (NASDAQ:PEP - Free Report) by 44.4% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 40,413 shares of the company's stock after selling 32,282 shares during the period. Atria Wealth Solutions Inc.'s holdings in PepsiCo were worth $5,364,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of PEP. Brighton Jones LLC boosted its holdings in PepsiCo by 12.4% in the 4th quarter. Brighton Jones LLC now owns 59,392 shares of the company's stock worth $9,031,000 after buying an additional 6,574 shares during the period. GAMMA Investing LLC boosted its holdings in PepsiCo by 28.1% in the 1st quarter. GAMMA Investing LLC now owns 30,603 shares of the company's stock worth $4,589,000 after buying an additional 6,712 shares during the period. Ritholtz Wealth Management boosted its holdings in PepsiCo by 30.5% in the 1st quarter. Ritholtz Wealth Management now owns 17,135 shares of the company's stock worth $2,569,000 after buying an additional 4,005 shares during the period. Traphagen Investment Advisors LLC boosted its holdings in PepsiCo by 2.1% in the 1st quarter. Traphagen Investment Advisors LLC now owns 5,823 shares of the company's stock worth $873,000 after buying an additional 119 shares during the period. Finally, Hanson & Doremus Investment Management boosted its holdings in PepsiCo by 10.6% in the 1st quarter. Hanson & Doremus Investment Management now owns 6,269 shares of the company's stock worth $940,000 after buying an additional 600 shares during the period. 73.07% of the stock is owned by institutional investors.

PepsiCo Stock Performance

NASDAQ PEP 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 debt-to-equity ratio of 2.26, a quick ratio of 0.72 and a current ratio of 0.91. 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. The company has a fifty day moving average of $144.72 and a 200-day moving average of $139.18.

PepsiCo (NASDAQ:PEP - Get Free Report) last posted its quarterly earnings data 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 period in the previous year, the firm posted $2.31 EPS. The firm's revenue was up 2.7% compared to the same quarter last year. PepsiCo has set its FY 2025 guidance at 8.120-8.120 EPS. As a group, equities research analysts predict that PepsiCo, Inc. will post 8.3 EPS for the current fiscal year.

PepsiCo Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, September 30th. Shareholders of record on Friday, September 5th were paid a $1.4225 dividend. The ex-dividend date of this dividend was Friday, September 5th. This represents a $5.69 annualized dividend and a yield of 3.8%. PepsiCo's payout ratio is currently 108.17%.

Wall Street Analyst Weigh In

Several brokerages have commented on PEP. Piper Sandler raised their price target on shares of PepsiCo from $160.00 to $162.00 and gave the company an "overweight" rating in a report on Friday. Weiss Ratings reissued a "hold (c-)" rating on shares of PepsiCo in a report on Saturday, September 27th. HSBC raised their price target on shares of PepsiCo from $145.00 to $152.00 and gave the company a "hold" rating in a report on Friday. BNP Paribas Exane cut their price target on shares of PepsiCo from $152.00 to $150.00 and set a "neutral" rating for the company in a report on Monday, October 6th. Finally, Morgan Stanley raised their price target 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. Five analysts have rated the stock with a Buy rating and fourteen have assigned a Hold rating to the company's stock. According to MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus target price of $157.75.

About PepsiCo

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.

Want to see what other hedge funds are holding PEP? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for PepsiCo, Inc. (NASDAQ:PEP - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.