FORA Capital LLC Cuts Stock Holdings in PepsiCo, Inc. $PEP

Key Points

• FORA Capital LLC reduced its holdings in PepsiCo, Inc. by 35.4%, now owning 62,387 shares valued at approximately $9.35 million.
• PepsiCo recently reported a quarterly earnings per share (EPS) of $2.12, exceeding estimates and showing revenue growth of 1% year-over-year.
• The company announced a quarterly dividend of $1.4225 per share with a dividend yield of 3.8%, reflecting a payout ratio of 103.64%.

FORA Capital LLC decreased its stake in shares of PepsiCo, Inc. (NASDAQ:PEP - Free Report) by 35.4% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 62,387 shares of the company's stock after selling 34,194 shares during the period. PepsiCo comprises about 0.9% of FORA Capital LLC's holdings, making the stock its 13th largest position. FORA Capital LLC's holdings in PepsiCo were worth $9,354,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds also recently modified their holdings of the stock. Legacy Financial Group LLC raised its position in shares of PepsiCo by 4.9% in the 1st quarter. Legacy Financial Group LLC now owns 1,514 shares of the company's stock worth $227,000 after acquiring an additional 71 shares in the last quarter. Pflug Koory LLC raised its position in shares of PepsiCo by 1.0% in the 1st quarter. Pflug Koory LLC now owns 7,750 shares of the company's stock worth $1,162,000 after acquiring an additional 76 shares in the last quarter. Hoge Financial Services LLC raised 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 acquiring an additional 76 shares in the last quarter. Members Trust Co grew its stake in shares of PepsiCo by 1.3% in the 1st quarter. Members Trust Co now owns 5,941 shares of the company's stock worth $891,000 after buying an additional 77 shares during the last quarter. Finally, Fairview Capital Investment Management LLC grew its stake in shares of PepsiCo by 2.3% in the 4th quarter. Fairview Capital Investment Management LLC now owns 3,526 shares of the company's stock worth $536,000 after buying an additional 78 shares during the last quarter. Hedge funds and other institutional investors own 73.07% of the company's stock.

Wall Street Analysts Forecast Growth

PEP has been the topic of several recent research reports. Royal Bank Of Canada restated a "sector perform" rating and issued a $148.00 price target on shares of PepsiCo in a research note on Tuesday, June 24th. Deutsche Bank Aktiengesellschaft restated a "buy" rating on shares of PepsiCo in a research note on Thursday, July 17th. Dbs Bank downgraded PepsiCo from a "strong-buy" rating to a "hold" rating in a research note on Friday, May 9th. Citigroup upped 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. Finally, Cowen restated a "hold" rating on shares of PepsiCo in a research note on Thursday, July 17th. 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 stock has a consensus rating of "Hold" and an average target price of $158.73.

PepsiCo Stock Performance

Shares of PEP opened at $148.20 on Tuesday. The business's fifty day simple moving average is $139.66 and its two-hundred day simple moving average is $140.62. 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 12 month low of $127.60 and a 12 month high of $179.73. The company has a market cap of $202.90 billion, a price-to-earnings ratio of 26.99, a P/E/G ratio of 3.99 and a beta of 0.45.

PepsiCo (NASDAQ:PEP - Get Free Report) last issued its earnings results on Thursday, July 17th. The company reported $2.12 EPS 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 business had revenue of $22.73 billion for the quarter, compared to the consensus estimate of $22.28 billion. During the same period last year, the business posted $2.28 EPS. The company's revenue 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 company also recently declared a quarterly dividend, which will be paid on Tuesday, September 30th. Stockholders of record on Friday, September 5th will be issued a dividend of $1.4225 per share. This represents a $5.69 annualized dividend and a dividend yield of 3.8%. The ex-dividend date of this dividend is Friday, September 5th. PepsiCo's dividend payout ratio 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.

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