First Financial Bank Trust Division Sells 2,851 Shares of PepsiCo, Inc. $PEP

Key Points

• First Financial Bank Trust Division reduced its holdings in PepsiCo by 4.3%, selling 2,851 shares and retaining a total of 63,131 shares worth $8.33 million.
• Wall Street analysts have varying views on PepsiCo, with price targets ranging from $139 to $168, and a consensus rating of "Hold".
• PepsiCo recently announced a quarterly dividend of $1.4225 per share, reflecting an annualized yield of 4.0% and a payout ratio of 103.64%.

First Financial Bank Trust Division decreased its holdings in PepsiCo, Inc. (NASDAQ:PEP - Free Report) by 4.3% in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 63,131 shares of the company's stock after selling 2,851 shares during the period. First Financial Bank Trust Division's holdings in PepsiCo were worth $8,336,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors also recently bought and sold shares of PEP. Nova Wealth Management Inc. bought a new position in PepsiCo in the first quarter worth approximately $25,000. Elite Financial Inc. bought a new position in PepsiCo in the first quarter worth approximately $28,000. Sunbeam Capital Management LLC bought a new position in PepsiCo in the fourth quarter worth approximately $47,000. MorganRosel Wealth Management LLC bought a new position in PepsiCo in the first quarter worth approximately $55,000. Finally, Migdal Insurance & Financial Holdings Ltd. bought a new position in PepsiCo in the first quarter worth approximately $58,000. Institutional investors own 73.07% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on the stock. Wells Fargo & Company boosted their price objective on shares of PepsiCo from $140.00 to $154.00 and gave the stock an "equal weight" rating in a research note on Friday, July 18th. Citigroup lifted their price target on shares of PepsiCo from $160.00 to $168.00 and gave the stock a "buy" rating in a report on Friday, July 18th. Cowen reaffirmed a "hold" rating on shares of PepsiCo in a report on Thursday, July 17th. JPMorgan Chase & Co. cut their price target on shares of PepsiCo from $150.00 to $139.00 and set a "neutral" rating on the stock in a report on Thursday, July 10th. Finally, Deutsche Bank Aktiengesellschaft reaffirmed a "buy" rating on shares of PepsiCo in a report on Thursday, July 17th. Four analysts have rated the stock with a Buy rating, fourteen have issued a Hold rating and one has issued a Sell rating to the company's stock. According to MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus price target of $158.67.

PepsiCo Price Performance

Shares of PEP opened at $143.53 on Friday. The firm has a market capitalization of $196.50 billion, a PE ratio of 26.14, a price-to-earnings-growth ratio of 3.65 and a beta of 0.46. 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 1-year low of $127.60 and a 1-year high of $179.43. The company's fifty day moving average price is $143.81 and its 200-day moving average price is $140.60.

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 analysts' consensus estimates of $2.03 by $0.09. The firm had revenue of $22.73 billion for the quarter, compared to analyst estimates of $22.28 billion. PepsiCo had a net margin of 8.23% and a return on equity of 57.81%. The business's quarterly revenue was up 1.0% compared to the same quarter last year. During the same period in the previous year, the company earned $2.28 earnings per share. PepsiCo has set its FY 2025 guidance at 8.038-8.038 EPS. On average, equities research analysts predict that PepsiCo, Inc. will post 8.3 EPS for the current year.

PepsiCo Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 30th. Investors of record on Friday, September 5th will be given a dividend of $1.4225 per share. The ex-dividend date is Friday, September 5th. This represents a $5.69 dividend on an annualized basis and a yield of 4.0%. PepsiCo's payout ratio is currently 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.