Forte Capital LLC ADV Has $762,000 Holdings in PepsiCo, Inc. $PEP

Key Points

• Forte Capital LLC ADV has reduced its holdings in PepsiCo, Inc. by 30.9% during the second quarter, now owning shares valued at approximately $762,000.
• PepsiCo reported earnings per share of $2.12 for its last quarter, surpassing analysts' estimates by $0.09 and achieving a revenue of $22.73 billion.
• The company has declared a quarterly dividend of $1.4225 per share, set to be paid on September 30th, yielding an annualized rate of 4.0%.

Forte Capital LLC ADV reduced its stake in PepsiCo, Inc. (NASDAQ:PEP - Free Report) by 30.9% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 5,771 shares of the company's stock after selling 2,577 shares during the quarter. Forte Capital LLC ADV's holdings in PepsiCo were worth $762,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Eaton Financial Holdings Company LLC bought a new stake in PepsiCo during the 2nd quarter worth about $277,000. Financial Partners Group Inc acquired a new stake in shares of PepsiCo in the 2nd quarter valued at approximately $203,000. Focused Wealth Management Inc grew its stake in shares of PepsiCo by 7.7% in the second quarter. Focused Wealth Management Inc now owns 1,917 shares of the company's stock valued at $253,000 after buying an additional 137 shares in the last quarter. Revisor Wealth Management LLC raised its position in PepsiCo by 20.2% during the second quarter. Revisor Wealth Management LLC now owns 3,892 shares of the company's stock worth $530,000 after acquiring an additional 654 shares in the last quarter. Finally, Bfsg LLC lifted its stake in PepsiCo by 3.6% in the second quarter. Bfsg LLC now owns 12,716 shares of the company's stock valued at $1,679,000 after acquiring an additional 440 shares during the last quarter. 73.07% of the stock is currently owned by institutional investors and hedge funds.

PepsiCo Stock Performance

Shares of PEP stock opened at $141.03 on Tuesday. The firm's 50-day simple moving average is $144.50 and its two-hundred day simple moving average is $139.87. The company has a debt-to-equity ratio of 2.12, a quick ratio of 0.60 and a current ratio of 0.78. PepsiCo, Inc. has a 52 week low of $127.60 and a 52 week high of $177.50. The firm has a market cap of $193.08 billion, a price-to-earnings ratio of 25.69, a P/E/G ratio of 3.58 and a beta of 0.46.

PepsiCo (NASDAQ:PEP - Get Free Report) last released 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 business had revenue of $22.73 billion during 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%. PepsiCo's revenue was up 1.0% compared to the same quarter last year. During the same period in the previous year, the business earned $2.28 EPS. PepsiCo has set its FY 2025 guidance at 8.038-8.038 EPS. As a group, equities analysts forecast that PepsiCo, Inc. will post 8.3 earnings per share for the current year.

PepsiCo Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 30th. Investors of record on Friday, September 5th will be issued 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 is 103.64%.

Analyst Ratings Changes

Several equities research analysts recently issued reports on PEP shares. Deutsche Bank Aktiengesellschaft reiterated a "buy" rating on shares of PepsiCo in a research note on Thursday, July 17th. UBS Group reduced 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. Wells Fargo & Company lifted their price objective on shares of PepsiCo from $140.00 to $154.00 and gave the stock an "equal weight" rating in a research report on Friday, July 18th. Royal Bank Of Canada cut their target price on shares of PepsiCo from $146.00 to $145.00 and set a "sector perform" rating for the company in a research note on Monday, September 15th. Finally, JPMorgan Chase & Co. lowered 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. Four investment analysts have rated the stock with a Buy rating, fourteen have assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, PepsiCo currently has an average rating of "Hold" and a consensus target price of $158.60.

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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