Exchange Capital Management Inc. Sells 1,929 Shares of PepsiCo, Inc. $PEP

Key Points

• Exchange Capital Management Inc. reduced its stake in PepsiCo by 9.4%, selling 1,929 shares and ending the quarter with 18,502 shares valued at approximately $2.44 million.
• PepsiCo reported a 1.0% annual revenue growth for the latest quarter, with earnings per share at $2.12, exceeding analysts' expectations.
• PepsiCo announced a quarterly dividend of $1.4225 per share, leading to an annualized dividend of $5.69 and a yield of 4.0%, despite a payout ratio of over 103%.

Exchange Capital Management Inc. reduced its stake in shares of PepsiCo, Inc. (NASDAQ:PEP - Free Report) by 9.4% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 18,502 shares of the company's stock after selling 1,929 shares during the quarter. Exchange Capital Management Inc.'s holdings in PepsiCo were worth $2,443,000 at the end of the most recent quarter.

Other institutional investors have also recently bought and sold shares of the company. Dogwood Wealth Management LLC boosted its stake in shares of PepsiCo by 15.4% in the 2nd quarter. Dogwood Wealth Management LLC now owns 539 shares of the company's stock valued at $73,000 after purchasing an additional 72 shares during the last quarter. Centurion Wealth Management LLC boosted its stake in PepsiCo by 3.8% in the second quarter. Centurion Wealth Management LLC now owns 2,068 shares of the company's stock valued at $273,000 after acquiring an additional 75 shares during the last quarter. SK Wealth Management LLC grew its holdings in PepsiCo by 3.3% during the 2nd quarter. SK Wealth Management LLC now owns 2,375 shares of the company's stock worth $319,000 after acquiring an additional 75 shares during the period. Pflug Koory LLC raised its position in shares of PepsiCo by 1.0% during the 1st quarter. Pflug Koory LLC now owns 7,750 shares of the company's stock valued at $1,162,000 after acquiring an additional 76 shares during the last quarter. Finally, Hoge Financial Services LLC boosted its position in shares of PepsiCo by 2.1% in the 1st quarter. Hoge Financial Services LLC now owns 3,633 shares of the company's stock worth $545,000 after purchasing an additional 76 shares during the last quarter. Institutional investors own 73.07% of the company's stock.

PepsiCo Stock Down 0.6%

PepsiCo stock opened at $142.31 on Friday. The company has a current ratio of 0.78, a quick ratio of 0.60 and a debt-to-equity ratio of 2.12. PepsiCo, Inc. has a 1-year low of $127.60 and a 1-year high of $177.50. The company has a fifty day simple moving average of $144.39 and a 200 day simple moving average of $139.50. The company has a market cap of $194.83 billion, a P/E ratio of 25.92, a price-to-earnings-growth ratio of 3.61 and a beta of 0.46.

PepsiCo (NASDAQ:PEP - Get Free Report) last announced its quarterly earnings data on Thursday, July 17th. The company reported $2.12 earnings per share for the quarter, beating the consensus estimate of $2.03 by $0.09. PepsiCo had a return on equity of 57.81% and a net margin of 8.23%.The company had revenue of $22.73 billion during the quarter, compared to analysts' expectations of $22.28 billion. During the same quarter last year, the company earned $2.28 EPS. PepsiCo's revenue for the quarter was up 1.0% compared to the same quarter last year. PepsiCo has set its FY 2025 guidance at 8.038-8.038 EPS. Research analysts anticipate that PepsiCo, Inc. will post 8.3 earnings per share for the current fiscal year.

PepsiCo Announces Dividend

The business also recently disclosed 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 annualized dividend and a dividend yield of 4.0%. The ex-dividend date was Friday, September 5th. PepsiCo's payout ratio is currently 103.64%.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on the company. Citigroup lowered their price target on PepsiCo from $168.00 to $165.00 and set a "buy" rating for the company in a research note on Thursday, September 25th. UBS Group cut their target price on shares of PepsiCo from $175.00 to $170.00 and set a "buy" rating on the stock in a report on Thursday, September 11th. Wells Fargo & Company decreased their price target on shares of PepsiCo from $154.00 to $150.00 and set an "equal weight" rating for the company in a report on Thursday, September 25th. Royal Bank Of Canada dropped their price objective on PepsiCo from $146.00 to $145.00 and set a "sector perform" rating on the stock in a research note on Monday, September 15th. Finally, Barclays decreased their target price on PepsiCo from $144.00 to $140.00 and set an "equal weight" rating for the company in a research note on Thursday. Four analysts have rated the stock with a Buy rating, fourteen have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of "Hold" and a consensus target price of $157.87.

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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