Ballentine Partners LLC Cuts Stock Holdings in PepsiCo, Inc. $PEP

Key Points

• Ballentine Partners LLC reduced its holdings in PepsiCo, Inc. by 15.0%, selling 4,126 shares and ending the quarter with 23,351 shares valued at approximately $3.08 million.
• PepsiCo recently reported quarterly earnings of $2.12 EPS, exceeding analyst expectations, and had a revenue of $22.73 billion for the quarter, a 1.0% increase year-over-year.
• The company declared a quarterly dividend of $1.4225 per share to be paid on September 30th, reflecting a 4.0% dividend yield and a payout ratio of 103.64%.

Ballentine Partners LLC decreased its holdings in shares of PepsiCo, Inc. (NASDAQ:PEP - Free Report) by 15.0% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 23,351 shares of the company's stock after selling 4,126 shares during the quarter. Ballentine Partners LLC's holdings in PepsiCo were worth $3,083,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently modified their holdings of the business. Legacy Financial Group LLC lifted its position in 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 lifted its position in PepsiCo by 3.8% in the second quarter. Centurion Wealth Management LLC now owns 2,068 shares of the company's stock valued at $273,000 after purchasing an additional 75 shares during the last quarter. SK Wealth Management LLC lifted its position in PepsiCo by 3.3% in the second quarter. SK Wealth Management LLC now owns 2,375 shares of the company's stock valued at $319,000 after purchasing an additional 75 shares during the last quarter. Pflug Koory LLC lifted its position in PepsiCo by 1.0% in the first quarter. Pflug Koory LLC now owns 7,750 shares of the company's stock valued at $1,162,000 after purchasing an additional 76 shares during the last quarter. Finally, Hoge Financial Services LLC lifted its position in PepsiCo by 2.1% in the first quarter. Hoge Financial Services LLC now owns 3,633 shares of the company's stock valued at $545,000 after purchasing an additional 76 shares during the last quarter. Hedge funds and other institutional investors own 73.07% of the company's stock.

PepsiCo Trading Up 0.2%

NASDAQ PEP opened at $142.17 on Thursday. PepsiCo, Inc. has a 12 month low of $127.60 and a 12 month high of $177.50. The stock has a market cap of $194.64 billion, a P/E ratio of 25.90, a P/E/G ratio of 3.58 and a beta of 0.46. The stock's fifty day moving average price is $144.79 and its 200-day moving average price is $139.90. The company has a current ratio of 0.78, a quick ratio of 0.60 and a debt-to-equity ratio of 2.12.

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

PepsiCo Announces Dividend

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 given a dividend of $1.4225 per share. The ex-dividend date of this dividend is Friday, September 5th. This represents a $5.69 annualized dividend and a dividend yield of 4.0%. PepsiCo's dividend payout ratio (DPR) is 103.64%.

Analyst Upgrades and Downgrades

PEP has been the subject of several recent research reports. 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. Deutsche Bank Aktiengesellschaft restated a "buy" rating on shares of PepsiCo in a report on Thursday, July 17th. Bank of America decreased their target price on PepsiCo from $150.00 to $145.00 and set a "neutral" rating for the company in a report on Friday, July 11th. JPMorgan Chase & Co. decreased their target price on PepsiCo from $150.00 to $139.00 and set a "neutral" rating for the company in a report on Thursday, July 10th. Finally, Royal Bank Of Canada decreased their target price 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 analysts have rated the stock with a Buy rating, fourteen have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the company currently has an average rating of "Hold" and a consensus price target of $158.60.

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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