Cadence Bank Trims Stock Position in PepsiCo, Inc. $PEP

Key Points

• Cadence Bank reduced its stake in PepsiCo by 11.3% during the first quarter, now holding 57,532 shares worth approximately $8.63 million.
• PepsiCo reported earnings of $2.12 per share, exceeding analysts' expectations, with a quarterly revenue of $22.73 billion, marking a 1% year-over-year increase.
• A quarterly dividend of $1.4225 per share was announced, with a dividend yield of 3.8%, and a payout ratio of 103.64%.

Cadence Bank lowered its position in shares of PepsiCo, Inc. (NASDAQ:PEP - Free Report) by 11.3% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 57,532 shares of the company's stock after selling 7,293 shares during the quarter. Cadence Bank's holdings in PepsiCo were worth $8,626,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Elite Financial Inc. bought a new position in shares of PepsiCo during the first quarter valued at $28,000. Measured Risk Portfolios Inc. bought a new position in shares of PepsiCo during the fourth quarter valued at $31,000. Sunbeam Capital Management LLC bought a new position in shares of PepsiCo during the fourth quarter valued at $47,000. MorganRosel Wealth Management LLC bought a new position in shares of PepsiCo during the first quarter valued at $55,000. Finally, Migdal Insurance & Financial Holdings Ltd. bought a new position in shares of PepsiCo during the first quarter valued at $58,000. Hedge funds and other institutional investors own 73.07% of the company's stock.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on PEP shares. Deutsche Bank Aktiengesellschaft reiterated a "buy" rating on shares of PepsiCo in a report on Thursday, July 17th. Cowen reiterated a "hold" rating on shares of PepsiCo in a report on Thursday, July 17th. JPMorgan Chase & Co. dropped 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. Citigroup raised their target price on PepsiCo from $160.00 to $168.00 and gave the stock a "buy" rating in a research report on Friday, July 18th. Finally, Bank of America dropped their target price on PepsiCo from $150.00 to $145.00 and set a "neutral" rating on the stock in a research report on Friday, July 11th. Four equities research analysts have rated the stock with a Buy rating, fourteen have issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of "Hold" and a consensus target price of $158.73.

PepsiCo Price Performance

PEP opened at $149.64 on Friday. PepsiCo, Inc. has a 12-month low of $127.60 and a 12-month high of $179.73. The company has a current ratio of 0.78, a quick ratio of 0.60 and a debt-to-equity ratio of 2.12. The business's fifty day simple moving average is $139.32 and its 200-day simple moving average is $140.66. The company has a market capitalization of $204.87 billion, a price-to-earnings ratio of 27.26, a PEG ratio of 3.97 and a beta of 0.45.

PepsiCo (NASDAQ:PEP - Get Free Report) last issued its quarterly earnings data on Thursday, July 17th. The company reported $2.12 earnings per share 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 during the quarter, compared to analysts' expectations of $22.28 billion. During the same period in the prior year, the business posted $2.28 EPS. The firm'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. On average, equities research analysts anticipate that PepsiCo, Inc. will post 8.3 earnings per share for the current fiscal year.

PepsiCo Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 30th. Stockholders of record on Friday, September 5th will be given a $1.4225 dividend. This represents a $5.69 annualized dividend and a dividend yield of 3.8%. The ex-dividend date is Friday, September 5th. PepsiCo's dividend payout ratio (DPR) is 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.

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