Deroy & Devereaux Private Investment Counsel Inc. Sells 1,800 Shares of PepsiCo, Inc. $PEP

Key Points

• Deroy & Devereaux Private Investment Counsel Inc. reduced its stake in PepsiCo by 1.4%, selling 1,800 shares and leaving them with 122,823 shares worth approximately $16.2 million at the end of the second quarter.
• Analysts have issued varying ratings for PepsiCo, with six recommending a Buy, fourteen a Hold, and one a Sell, along with a consensus price target of $156.00.
• PepsiCo reported a quarterly EPS of $2.29, beating estimates, with revenue of $23.94 billion, reflecting a 2.7% increase year-over-year.

Deroy & Devereaux Private Investment Counsel Inc. cut its stake in PepsiCo, Inc. (NASDAQ:PEP - Free Report) by 1.4% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 122,823 shares of the company's stock after selling 1,800 shares during the quarter. Deroy & Devereaux Private Investment Counsel Inc.'s holdings in PepsiCo were worth $16,218,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of PEP. Nova Wealth Management Inc. bought a new stake in PepsiCo during the 1st quarter worth approximately $25,000. Elite Financial Inc. bought a new stake in PepsiCo during the 1st quarter worth approximately $28,000. Legend Financial Advisors Inc. bought a new stake in PepsiCo during the 2nd quarter worth approximately $29,000. Frazier Financial Advisors LLC increased its stake in PepsiCo by 85.3% during the 2nd quarter. Frazier Financial Advisors LLC now owns 265 shares of the company's stock worth $35,000 after purchasing an additional 122 shares in the last quarter. Finally, Investment Research & Advisory Group Inc. increased its stake in PepsiCo by 263.6% during the 2nd quarter. Investment Research & Advisory Group Inc. now owns 320 shares of the company's stock worth $42,000 after purchasing an additional 232 shares in the last quarter. 73.07% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on PEP shares. Bank of America increased their target price on PepsiCo from $150.00 to $155.00 and gave the stock a "neutral" rating in a research note on Friday, October 10th. UBS Group lowered their target price on PepsiCo from $175.00 to $170.00 and set a "buy" rating for the company in a research note on Thursday, September 11th. BNP Paribas Exane reduced their price target on PepsiCo from $152.00 to $150.00 and set a "neutral" rating for the company in a research report on Monday, October 6th. JPMorgan Chase & Co. reduced their price target on PepsiCo from $157.00 to $151.00 and set a "neutral" rating for the company in a research report on Monday, October 6th. Finally, The Goldman Sachs Group upped their price target on PepsiCo from $165.00 to $167.00 and gave the stock a "buy" rating in a research report on Friday, October 10th. Six equities research analysts have rated the stock with a Buy rating, fourteen have assigned a Hold rating and one has given a Sell rating to the company's stock. Based on data from MarketBeat, PepsiCo currently has a consensus rating of "Hold" and a consensus price target of $156.00.

PepsiCo Trading Up 1.8%

NASDAQ PEP opened at $151.54 on Wednesday. The company has a market cap of $207.21 billion, a PE ratio of 28.81, a PEG ratio of 3.62 and a beta of 0.46. The company has a current ratio of 0.91, a quick ratio of 0.72 and a debt-to-equity ratio of 2.26. PepsiCo, Inc. has a 12 month low of $127.60 and a 12 month high of $177.50. The stock has a 50 day moving average of $144.96 and a 200-day moving average of $139.27.

PepsiCo (NASDAQ:PEP - Get Free Report) last released its quarterly earnings data on Thursday, October 9th. The company reported $2.29 EPS for the quarter, beating the consensus estimate of $2.26 by $0.03. The company 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% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $2.31 EPS. PepsiCo has set its FY 2025 guidance at 8.120-8.120 EPS. On average, equities research analysts anticipate that PepsiCo, Inc. will post 8.3 EPS for the current fiscal year.

PepsiCo Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 30th. Stockholders of record on Friday, September 5th were issued a $1.4225 dividend. This represents a $5.69 annualized dividend and a dividend yield of 3.8%. The ex-dividend date of this dividend was Friday, September 5th. PepsiCo's dividend payout ratio is presently 108.17%.

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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