Founders Capital Management Has $493,000 Position in PepsiCo, Inc. $PEP

Key Points

• Founders Capital Management significantly reduced its holdings in PepsiCo by 58.5%, now owning 3,730 shares valued at $493,000, according to its latest SEC filing.
• PepsiCo's quarterly earnings exceeded expectations, with a reported EPS of $2.12 against a consensus estimate of $2.03, and revenue of $22.73 billion.
• The company announced a quarterly dividend of $1.4225 per share, reflecting an annual yield of 4.1% and a payout ratio of 103.64%.

Founders Capital Management lowered its holdings in shares of PepsiCo, Inc. (NASDAQ:PEP - Free Report) by 58.5% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,730 shares of the company's stock after selling 5,260 shares during the period. Founders Capital Management's holdings in PepsiCo were worth $493,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Nova Wealth Management Inc. bought a new position in shares of PepsiCo during the first quarter valued at $25,000. Elite Financial Inc. bought a new position in shares of PepsiCo during the first quarter valued at $28,000. Legend Financial Advisors Inc. bought a new position in shares of PepsiCo during the second quarter valued at $29,000. Investment Research & Advisory Group Inc. lifted its holdings in shares of PepsiCo by 263.6% during the second quarter. Investment Research & Advisory Group Inc. now owns 320 shares of the company's stock valued at $42,000 after acquiring an additional 232 shares during the period. Finally, MorganRosel Wealth Management LLC bought a new position in shares of PepsiCo during the first quarter valued at $55,000. 73.07% of the stock is owned by institutional investors.

PepsiCo Price Performance

PepsiCo stock opened at $140.44 on Wednesday. The company has a current ratio of 0.78, a quick ratio of 0.60 and a debt-to-equity ratio of 2.12. The business has a 50-day moving average of $144.49 and a 200-day moving average of $139.54. PepsiCo, Inc. has a 1 year low of $127.60 and a 1 year high of $177.50. The firm has a market capitalization of $192.27 billion, a P/E ratio of 25.58, a PEG ratio of 3.54 and a beta of 0.46.

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, 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 during the quarter, compared to analyst estimates of $22.28 billion. During the same period in the previous year, the firm earned $2.28 EPS. PepsiCo's quarterly 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. On average, equities analysts anticipate that PepsiCo, Inc. will post 8.3 EPS for the current year.

PepsiCo Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 30th. Stockholders of record on Friday, September 5th were paid a dividend of $1.4225 per share. The ex-dividend date was Friday, September 5th. This represents a $5.69 dividend on an annualized basis and a dividend yield of 4.1%. PepsiCo's dividend payout ratio is currently 103.64%.

Analysts Set New Price Targets

A number of research analysts recently issued reports on the company. Morgan Stanley lifted their price target on PepsiCo from $153.00 to $165.00 and gave the company an "equal weight" rating in a report on Friday, July 18th. Citigroup cut their price target on PepsiCo from $168.00 to $165.00 and set a "buy" rating for the company in a report on Thursday, September 25th. Cowen reaffirmed a "hold" rating on shares of PepsiCo in a report on Thursday, July 17th. Bank of America cut their price target on PepsiCo from $150.00 to $145.00 and set a "neutral" rating for the company in a report on Friday, July 11th. Finally, Wells Fargo & Company cut their price target on PepsiCo from $154.00 to $150.00 and set an "equal weight" rating for the company in a report on Thursday, September 25th. Four equities research analysts have rated the stock with a Buy rating, fourteen have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, PepsiCo has a consensus rating of "Hold" and an average price target of $158.13.

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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