PepsiCo, Inc. $PEP Stock Holdings Lowered by Global Financial Private Client LLC

Key Points

• Global Financial Private Client LLC significantly reduced its stake in PepsiCo, Inc. by 82.8%, selling 10,006 shares and retaining only 2,075 shares, valued at approximately $274,000.
• PepsiCo reported earnings of $2.12 per share, exceeding analyst expectations, and announced a quarterly dividend of $1.4225, resulting in a yield of 4.0%.
• Analyst ratings for PepsiCo show a consensus of Hold with mixed target price adjustments from various firms, with a current consensus target price of $158.60.

Global Financial Private Client LLC lessened its stake in PepsiCo, Inc. (NASDAQ:PEP - Free Report) by 82.8% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,075 shares of the company's stock after selling 10,006 shares during the quarter. Global Financial Private Client LLC's holdings in PepsiCo were worth $274,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently modified their holdings of the company. Nuveen LLC acquired a new stake in PepsiCo in the 1st quarter valued at $946,978,000. GAMMA Investing LLC lifted its holdings in shares of PepsiCo by 19,106.5% in the 1st quarter. GAMMA Investing LLC now owns 4,588,614 shares of the company's stock worth $688,017,000 after buying an additional 4,564,723 shares during the period. Assenagon Asset Management S.A. grew its holdings in PepsiCo by 106.1% during the first quarter. Assenagon Asset Management S.A. now owns 3,514,965 shares of the company's stock worth $527,034,000 after acquiring an additional 1,809,391 shares during the period. Vanguard Group Inc. lifted its position in PepsiCo by 1.4% during the first quarter. Vanguard Group Inc. now owns 135,174,252 shares of the company's stock worth $20,268,027,000 after buying an additional 1,802,748 shares in the last quarter. Finally, Universal Beteiligungs und Servicegesellschaft mbH purchased a new stake in PepsiCo during the 4th quarter worth about $221,297,000. 73.07% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on PEP shares. Wells Fargo & Company lifted their target price on PepsiCo from $140.00 to $154.00 and gave the stock an "equal weight" rating in a research report on Friday, July 18th. Barclays increased their target price on shares of PepsiCo from $132.00 to $144.00 and gave the company an "equal weight" rating in a report on Monday, July 21st. Cowen reaffirmed a "hold" rating on shares of PepsiCo in a research report on Thursday, July 17th. Deutsche Bank Aktiengesellschaft reaffirmed a "buy" rating on shares of PepsiCo in a report on Thursday, July 17th. Finally, Royal Bank Of Canada decreased their price objective on PepsiCo from $146.00 to $145.00 and set a "sector perform" rating for the company in a report on Monday, September 15th. Four equities research 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, the stock has a consensus rating of "Hold" and a consensus target price of $158.60.

PepsiCo Stock Performance

PEP traded down $0.66 during trading hours on Tuesday, hitting $140.37. 1,042,861 shares of the stock were exchanged, compared to its average volume of 8,427,489. The stock has a 50-day simple moving average of $144.50 and a 200-day simple moving average of $139.87. The stock has a market cap of $192.18 billion, a price-to-earnings ratio of 25.61, a price-to-earnings-growth ratio of 3.58 and a beta of 0.46. PepsiCo, Inc. has a 12 month low of $127.60 and a 12 month high of $177.50. 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 results on Thursday, July 17th. The company reported $2.12 EPS for the quarter, beating the consensus estimate of $2.03 by $0.09. The firm had revenue of $22.73 billion during the quarter, compared to analysts' expectations of $22.28 billion. PepsiCo had a return on equity of 57.81% and a net margin of 8.23%.The business's quarterly revenue was up 1.0% compared to the same quarter last year. During the same period in the prior year, the firm posted $2.28 earnings per share. PepsiCo has set its FY 2025 guidance at 8.038-8.038 EPS. Analysts anticipate that PepsiCo, Inc. will post 8.3 earnings per share for the current year.

PepsiCo Announces Dividend

The company also recently declared 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 annualized dividend and a yield of 4.1%. The ex-dividend date 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.