Grandview Asset Management LLC Sells 2,820 Shares of PepsiCo, Inc. $PEP

Key Points

• Grandview Asset Management LLC reduced its holdings in PepsiCo, Inc. by 22.3% in the second quarter, currently owning 9,810 shares worth approximately $1.3 million.
• PepsiCo reported earnings of $2.12 per share, exceeding analyst expectations and reflecting a 1% increase in revenue year-over-year.
• The company declared a quarterly dividend of $1.4225 per share, with an annualized yield of 4.1% and a payout ratio of 103.64%.

Grandview Asset Management LLC cut its holdings in shares of PepsiCo, Inc. (NASDAQ:PEP - Free Report) by 22.3% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 9,810 shares of the company's stock after selling 2,820 shares during the period. Grandview Asset Management LLC's holdings in PepsiCo were worth $1,295,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also modified their holdings of the business. Brighton Jones LLC lifted its holdings in shares of PepsiCo by 12.4% in the fourth quarter. Brighton Jones LLC now owns 59,392 shares of the company's stock worth $9,031,000 after acquiring an additional 6,574 shares during the last quarter. Rothschild Investment LLC lifted its stake in PepsiCo by 0.5% in the 1st quarter. Rothschild Investment LLC now owns 15,873 shares of the company's stock valued at $2,380,000 after purchasing an additional 78 shares during the last quarter. BTC Capital Management Inc. lifted its stake in shares of PepsiCo by 5.0% in the 1st quarter. BTC Capital Management Inc. now owns 53,989 shares of the company's stock valued at $8,096,000 after acquiring an additional 2,587 shares during the last quarter. Somerset Trust Co lifted its stake in shares of PepsiCo by 5.6% in the 1st quarter. Somerset Trust Co now owns 21,085 shares of the company's stock valued at $3,161,000 after acquiring an additional 1,116 shares during the last quarter. Finally, Winthrop Advisory Group LLC raised its holdings in PepsiCo by 3.4% in the 1st quarter. Winthrop Advisory Group LLC now owns 6,117 shares of the company's stock valued at $917,000 after buying an additional 200 shares during the last quarter. 73.07% of the stock is currently owned by institutional investors.

PepsiCo Trading Up 0.4%

Shares of PEP opened at $140.44 on Friday. The firm has a market cap of $192.27 billion, a price-to-earnings ratio of 25.58, a PEG ratio of 3.54 and a beta of 0.46. 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 fifty-two week low of $127.60 and a fifty-two week high of $177.50. The firm has a 50 day moving average price of $144.63 and a 200-day moving average price of $139.65.

PepsiCo (NASDAQ:PEP - Get Free Report) last released its earnings results 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. PepsiCo had a return on equity of 57.81% and a net margin of 8.23%.The company had revenue of $22.73 billion during the quarter, compared to analyst estimates of $22.28 billion. During the same quarter in the previous year, the company posted $2.28 EPS. PepsiCo's revenue for the quarter was up 1.0% on a year-over-year basis. PepsiCo has set its FY 2025 guidance at 8.038-8.038 EPS. As a group, equities research analysts forecast that PepsiCo, Inc. will post 8.3 earnings per share for the current year.

PepsiCo Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, September 30th. Shareholders of record on Friday, September 5th will be given a dividend of $1.4225 per share. The ex-dividend date of this dividend is Friday, September 5th. This represents a $5.69 dividend on an annualized basis and a yield of 4.1%. PepsiCo's dividend payout ratio is presently 103.64%.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on PEP. UBS Group lowered their target price on PepsiCo from $175.00 to $170.00 and set a "buy" rating for the company in a research report on Thursday, September 11th. Cowen reaffirmed a "hold" rating on shares of PepsiCo in a research report on Thursday, July 17th. Wells Fargo & Company decreased their target price on shares of PepsiCo from $154.00 to $150.00 and set an "equal weight" rating for the company in a research report on Thursday. JPMorgan Chase & Co. reduced their target price on shares of PepsiCo from $150.00 to $139.00 and set a "neutral" rating for the company in a research note on Thursday, July 10th. Finally, Deutsche Bank Aktiengesellschaft restated a "buy" rating on shares of PepsiCo in a research note on Thursday, July 17th. Four investment analysts have rated the stock with a Buy rating, fourteen have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, PepsiCo has a consensus rating of "Hold" and an average target price of $158.13.

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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