Costello Asset Management INC Has $3.33 Million Stake in PepsiCo, Inc. $PEP

Key Points

• Costello Asset Management INC reduced its stake in PepsiCo by 16.7%, now holding 25,181 shares valued at approximately $3.33 million.
• PepsiCo's recent quarterly earnings exceeded estimates, reporting $2.29 EPS and revenue of $23.94 billion, up 2.7% from the previous year.
• The company's dividend yield stands at 3.9%, with an annualized dividend of $5.69 and a dividend payout ratio of 103.64%.

Costello Asset Management INC trimmed its position in shares of PepsiCo, Inc. (NASDAQ:PEP - Free Report) by 16.7% during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 25,181 shares of the company's stock after selling 5,065 shares during the period. PepsiCo makes up approximately 1.2% of Costello Asset Management INC's investment portfolio, making the stock its 23rd largest position. Costello Asset Management INC's holdings in PepsiCo were worth $3,325,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of the company. L. Roy Papp & Associates LLP grew its stake in PepsiCo by 5.2% during the second quarter. L. Roy Papp & Associates LLP now owns 48,061 shares of the company's stock worth $6,346,000 after buying an additional 2,369 shares in the last quarter. Commerzbank Aktiengesellschaft FI grew its stake in PepsiCo by 89.7% during the second quarter. Commerzbank Aktiengesellschaft FI now owns 257,914 shares of the company's stock worth $34,055,000 after buying an additional 121,979 shares in the last quarter. Pinion Investment Advisors LLC grew its stake in PepsiCo by 3.3% during the second quarter. Pinion Investment Advisors LLC now owns 7,651 shares of the company's stock worth $1,010,000 after buying an additional 243 shares in the last quarter. WMG Financial Advisors LLC grew its stake in PepsiCo by 16.6% during the second quarter. WMG Financial Advisors LLC now owns 1,579 shares of the company's stock worth $208,000 after buying an additional 225 shares in the last quarter. Finally, Stiles Financial Services Inc grew its stake in PepsiCo by 4.4% during the second quarter. Stiles Financial Services Inc now owns 12,136 shares of the company's stock worth $1,602,000 after buying an additional 509 shares in the last quarter. 73.07% of the stock is currently owned by institutional investors and hedge funds.

PepsiCo Stock Up 4.2%

NASDAQ:PEP opened at $144.71 on Friday. The firm's 50 day simple moving average is $144.32 and its 200 day simple moving average is $139.29. The company has a debt-to-equity ratio of 2.12, a current ratio of 0.78 and a quick ratio of 0.60. PepsiCo, Inc. has a one year low of $127.60 and a one year high of $177.50. The company has a market cap of $198.12 billion, a PE ratio of 26.36, a P/E/G ratio of 3.50 and a beta of 0.46.

PepsiCo (NASDAQ:PEP - Get Free Report) last posted its earnings results on Thursday, October 9th. The company reported $2.29 EPS for the quarter, topping the consensus estimate of $2.26 by $0.03. PepsiCo had a net margin of 8.23% and a return on equity of 57.81%. The business had revenue of $23.94 billion for the quarter, compared to the consensus estimate of $23.91 billion. During the same period last year, the company earned $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. On average, research analysts anticipate 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. Shareholders of record on Friday, September 5th were issued a dividend of $1.4225 per share. The ex-dividend date was Friday, September 5th. This represents a $5.69 annualized dividend and a yield of 3.9%. PepsiCo's dividend payout ratio (DPR) is presently 103.64%.

Analyst Ratings Changes

PEP has been the topic of a number of research analyst reports. BNP Paribas Exane reduced their price target on shares of PepsiCo from $152.00 to $150.00 and set a "neutral" rating on the stock in a research note on Monday. JPMorgan Chase & Co. reduced their price target on shares of PepsiCo from $157.00 to $151.00 and set a "neutral" rating on the stock in a research note on Monday. Deutsche Bank Aktiengesellschaft restated a "buy" rating on shares of PepsiCo in a research note on Thursday, July 17th. Wells Fargo & Company reduced their price target on shares of PepsiCo from $154.00 to $150.00 and set an "equal weight" rating on the stock in a research note on Thursday, September 25th. Finally, Royal Bank Of Canada reduced their price target on shares of PepsiCo from $146.00 to $145.00 and set a "sector perform" rating on the stock in a research note on Monday, September 15th. Four equities research analysts have rated the stock with a Buy rating, fourteen have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus target price of $158.13.

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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