PepsiCo, Inc. $PEP Shares Sold by Farmers & Merchants Trust Co of Chambersburg PA

Key Points

• Farmers & Merchants Trust Co of Chambersburg PA reduced its holdings in PepsiCo by 28.6%, now owning 5,800 shares worth $766,000.
• PepsiCo reported $2.12 earnings per share for the last quarter, exceeding analysts' expectations and showing a year-over-year revenue increase of 1.0%.
• The company recently announced a quarterly dividend of $1.4225 per share, reflecting an annualized dividend yield of 4.0%.

Farmers & Merchants Trust Co of Chambersburg PA trimmed its stake in PepsiCo, Inc. (NASDAQ:PEP - Free Report) by 28.6% in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 5,800 shares of the company's stock after selling 2,322 shares during the quarter. Farmers & Merchants Trust Co of Chambersburg PA's holdings in PepsiCo were worth $766,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in the business. Legacy Financial Group LLC grew its position in shares of PepsiCo by 4.9% in the first quarter. Legacy Financial Group LLC now owns 1,514 shares of the company's stock valued at $227,000 after purchasing an additional 71 shares during the period. Centurion Wealth Management LLC boosted its position in shares of PepsiCo by 3.8% in the second quarter. Centurion Wealth Management LLC now owns 2,068 shares of the company's stock worth $273,000 after buying an additional 75 shares during the period. Pflug Koory LLC boosted its position in shares of PepsiCo by 1.0% in the first quarter. Pflug Koory LLC now owns 7,750 shares of the company's stock worth $1,162,000 after buying an additional 76 shares during the period. Hoge Financial Services LLC boosted its position in shares of PepsiCo by 2.1% in the first quarter. Hoge Financial Services LLC now owns 3,633 shares of the company's stock worth $545,000 after buying an additional 76 shares during the period. Finally, Members Trust Co lifted its stake in shares of PepsiCo by 1.3% in the first quarter. Members Trust Co now owns 5,941 shares of the company's stock worth $891,000 after acquiring an additional 77 shares in the last quarter. Hedge funds and other institutional investors own 73.07% of the company's stock.

Analyst Upgrades and Downgrades

Several research analysts recently commented on the company. Citigroup boosted their price target on PepsiCo from $160.00 to $168.00 and gave the stock a "buy" rating in a research note on Friday, July 18th. Cowen reiterated a "hold" rating on shares of PepsiCo in a research note on Thursday, July 17th. Royal Bank Of Canada cut 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. JPMorgan Chase & Co. cut their price objective on PepsiCo from $150.00 to $139.00 and set a "neutral" rating on the stock in a research note on Thursday, July 10th. Finally, Wells Fargo & Company upped their price objective on PepsiCo from $140.00 to $154.00 and gave the company an "equal weight" rating in a research note on Friday, July 18th. Four investment analysts have rated the stock with a Buy rating, fourteen have given a Hold rating and one has assigned a Sell rating to the company's stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus price target of $158.60.

PepsiCo Stock Performance

PEP stock traded down $0.73 on Monday, reaching $141.03. The company's stock had a trading volume of 5,795,948 shares, compared to its average volume of 8,054,161. PepsiCo, Inc. has a 52 week low of $127.60 and a 52 week high of $177.50. The company has a market capitalization of $193.08 billion, a P/E ratio of 25.69, a price-to-earnings-growth ratio of 3.58 and a beta of 0.46. The firm has a fifty day moving average of $144.50 and a two-hundred day moving average of $139.87. 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 (NASDAQ:PEP - Get Free Report) last issued its quarterly earnings data on Thursday, July 17th. The company reported $2.12 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $2.03 by $0.09. The business had revenue of $22.73 billion during 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 for the quarter was up 1.0% compared to the same quarter last year. During the same period in the prior year, the company posted $2.28 EPS. PepsiCo has set its FY 2025 guidance at 8.038-8.038 EPS. As a group, analysts predict that PepsiCo, Inc. will post 8.3 EPS for the current fiscal year.

PepsiCo Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, September 30th. Shareholders of record on Friday, September 5th will be paid a dividend of $1.4225 per share. This represents a $5.69 dividend on an annualized basis and a yield of 4.0%. The ex-dividend date of this dividend is Friday, September 5th. PepsiCo's dividend payout ratio (DPR) is presently 103.64%.

About PepsiCo

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.