D.A. Davidson & CO. Has $54.77 Million Stock Position in PepsiCo, Inc. $PEP

Key Points

• D.A. Davidson & Co. has reduced its holdings in PepsiCo, Inc. by 5.6%, owning 414,809 shares valued at $54.77 million after selling 24,399 shares in the second quarter.
• PepsiCo's recent quarterly earnings beat analysts' expectations with $2.29 earnings per share and revenue of $23.94 billion, showing a year-over-year increase of 2.7%.
• The company has announced a quarterly dividend of $1.4225 per share, representing an annualized dividend yield of 3.7% and a payout ratio of 108.17%.

D.A. Davidson & CO. cut its holdings in PepsiCo, Inc. (NASDAQ:PEP - Free Report) by 5.6% during the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 414,809 shares of the company's stock after selling 24,399 shares during the quarter. D.A. Davidson & CO.'s holdings in PepsiCo were worth $54,771,000 at the end of the most recent reporting period.

Other large investors have also bought and sold shares of the company. Claris Advisors LLC MO boosted its stake in PepsiCo by 14.1% in the second quarter. Claris Advisors LLC MO now owns 2,490 shares of the company's stock valued at $329,000 after buying an additional 308 shares in the last quarter. Foster Group Inc. boosted its stake in PepsiCo by 4.6% in the second quarter. Foster Group Inc. now owns 5,169 shares of the company's stock valued at $683,000 after buying an additional 229 shares in the last quarter. Asset Management One Co. Ltd. boosted its stake in PepsiCo by 3.6% in the first quarter. Asset Management One Co. Ltd. now owns 630,906 shares of the company's stock valued at $94,598,000 after buying an additional 21,859 shares in the last quarter. Ignite Planners LLC boosted its stake in PepsiCo by 4.2% in the first quarter. Ignite Planners LLC now owns 3,773 shares of the company's stock valued at $566,000 after buying an additional 151 shares in the last quarter. Finally, Merit Financial Group LLC boosted its stake in PepsiCo by 46.4% in the second quarter. Merit Financial Group LLC now owns 114,344 shares of the company's stock valued at $15,098,000 after buying an additional 36,239 shares in the last quarter. 73.07% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on the company. UBS Group dropped their target price on PepsiCo from $175.00 to $170.00 and set a "buy" rating for the company in a research report on Thursday, September 11th. The Goldman Sachs Group increased their target price on PepsiCo from $165.00 to $167.00 and gave the company a "buy" rating in a research report on Friday, October 10th. Wells Fargo & Company increased their target price on PepsiCo from $150.00 to $154.00 and gave the company a "positive" rating in a research report on Friday, October 10th. Jefferies Financial Group increased their target price on PepsiCo from $161.00 to $163.00 and gave the company a "hold" rating in a research report on Friday, October 10th. Finally, Barclays increased their target price on PepsiCo from $140.00 to $142.00 and gave the company an "equal weight" rating in a research report on Friday, October 10th. Seven analysts have rated the stock with a Buy rating, fourteen have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, PepsiCo currently has an average rating of "Hold" and an average price target of $156.58.

PepsiCo Price Performance

Shares of PEP opened at $153.18 on Wednesday. PepsiCo, Inc. has a 1 year low of $127.60 and a 1 year high of $174.95. The company has a debt-to-equity ratio of 2.26, a current ratio of 0.91 and a quick ratio of 0.72. The company has a market capitalization of $209.45 billion, a price-to-earnings ratio of 29.12, a price-to-earnings-growth ratio of 3.74 and a beta of 0.46. The business has a 50-day moving average of $145.82 and a 200-day moving average of $139.39.

PepsiCo (NASDAQ:PEP - Get Free Report) last issued its earnings results on Thursday, October 9th. The company reported $2.29 earnings per share for the quarter, topping analysts' consensus estimates of $2.26 by $0.03. The business had revenue of $23.94 billion during the quarter, compared to the consensus estimate of $23.91 billion. PepsiCo had a return on equity of 57.58% and a net margin of 7.82%.The firm's revenue for the quarter was up 2.7% on a year-over-year basis. During the same period in the previous year, the company posted $2.31 earnings per share. PepsiCo has set its FY 2025 guidance at 8.120-8.120 EPS. As a group, equities research analysts anticipate that PepsiCo, Inc. will post 8.3 earnings per share for the current year.

PepsiCo Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, September 30th. Shareholders of record on Friday, September 5th were issued a $1.4225 dividend. This represents a $5.69 dividend on an annualized basis and a yield of 3.7%. The ex-dividend date was Friday, September 5th. PepsiCo's payout ratio is presently 108.17%.

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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