Checchi Capital Advisers LLC Sells 1,807 Shares of PepsiCo, Inc. $PEP

Key Points

• Checchi Capital Advisers LLC lowered its stake in PepsiCo by 12.9% in Q2, selling 1,807 shares and ending up with 12,194 shares valued at $1.61 million.
• PepsiCo declared a quarterly dividend of $1.4225 per share, with a dividend yield of 4.0% and a payout ratio of 103.64%.
• Several analysts downgraded their price targets for PepsiCo, with UBS Group lowering their target from $175 to $170 and Bank of America reducing theirs from $150 to $145.

Checchi Capital Advisers LLC decreased its holdings in PepsiCo, Inc. (NASDAQ:PEP - Free Report) by 12.9% in the second quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 12,194 shares of the company's stock after selling 1,807 shares during the quarter. Checchi Capital Advisers LLC's holdings in PepsiCo were worth $1,610,000 at the end of the most recent quarter.

A number of other hedge funds have also bought and sold shares of the business. Brighton Jones LLC increased its position in shares of PepsiCo by 12.4% during the 4th quarter. Brighton Jones LLC now owns 59,392 shares of the company's stock valued at $9,031,000 after purchasing an additional 6,574 shares during the last quarter. Eagle Rock Investment Company LLC increased its position in shares of PepsiCo by 8.0% during the 1st quarter. Eagle Rock Investment Company LLC now owns 29,220 shares of the company's stock valued at $4,381,000 after purchasing an additional 2,158 shares during the last quarter. Sovereign Financial Group Inc. increased its position in shares of PepsiCo by 4.8% during the 1st quarter. Sovereign Financial Group Inc. now owns 4,503 shares of the company's stock valued at $675,000 after purchasing an additional 206 shares during the last quarter. Pines Wealth Management LLC increased its position in shares of PepsiCo by 19.3% during the 1st quarter. Pines Wealth Management LLC now owns 4,153 shares of the company's stock valued at $583,000 after purchasing an additional 671 shares during the last quarter. Finally, Fortress Financial Group LLC purchased a new stake in shares of PepsiCo during the 1st quarter valued at about $223,000. Hedge funds and other institutional investors own 73.07% of the company's stock.

Analyst Upgrades and Downgrades

Several research firms recently issued reports on PEP. UBS Group reduced their target price on shares of PepsiCo from $175.00 to $170.00 and set a "buy" rating for the company in a report on Thursday, September 11th. Weiss Ratings restated a "hold (c-)" rating on shares of PepsiCo in a research note on Saturday, September 27th. Morgan Stanley increased their target price on PepsiCo from $153.00 to $165.00 and gave the company an "equal weight" rating in a research report on Friday, July 18th. Barclays restated a "cautious" rating on shares of PepsiCo in a report on Friday. Finally, Bank of America decreased their price target on PepsiCo from $150.00 to $145.00 and set a "neutral" rating on the stock in a report on Friday, July 11th. Four analysts have rated the stock with a Buy rating, fourteen have issued a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus price target of $157.87.

PepsiCo Stock Performance

PEP stock opened at $141.98 on Friday. 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 business's fifty day simple moving average is $144.36 and its two-hundred day simple moving average is $139.39. PepsiCo, Inc. has a twelve month low of $127.60 and a twelve month high of $177.50. The firm has a market cap of $194.38 billion, a price-to-earnings ratio of 25.86, a PEG ratio of 3.58 and a beta of 0.46.

PepsiCo (NASDAQ:PEP - Get Free Report) last released its earnings results 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. The business had revenue of $22.73 billion for the quarter, compared to analyst estimates of $22.28 billion. PepsiCo had a return on equity of 57.81% and a net margin of 8.23%.The business's revenue was up 1.0% compared to the same quarter last year. During the same quarter last year, the firm posted $2.28 earnings per share. PepsiCo has set its FY 2025 guidance at 8.038-8.038 EPS. Analysts predict that PepsiCo, Inc. will post 8.3 earnings per share for the current year.

PepsiCo Dividend Announcement

The company also recently declared 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 4.0%. PepsiCo's dividend payout ratio (DPR) is currently 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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