Grimes & Company Inc. Lowers Stock Holdings in PepsiCo, Inc. $PEP

Key Points

• Grimes & Company Inc. reduced its stake in PepsiCo by 12.1% during the second quarter, owning 65,782 shares valued at approximately $8.68 million after selling 9,079 shares.
• Analysts have mixed opinions on PepsiCo, with a consensus rating of "Hold" and a price target of $157.87, while some firms have issued "buy" and "hold" ratings.
• PepsiCo recently paid a quarterly dividend of $1.4225 per share, resulting in an annualized dividend yield of 4.0% despite a dividend payout ratio of 103.64%.

Grimes & Company Inc. trimmed its stake in PepsiCo, Inc. (NASDAQ:PEP - Free Report) by 12.1% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 65,782 shares of the company's stock after selling 9,079 shares during the period. Grimes & Company Inc.'s holdings in PepsiCo were worth $8,686,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently added to or reduced their stakes in the stock. Nova Wealth Management Inc. bought a new stake in shares of PepsiCo in the 1st quarter valued at about $25,000. Elite Financial Inc. bought a new stake in shares of PepsiCo in the 1st quarter valued at about $28,000. Legend Financial Advisors Inc. bought a new stake in shares of PepsiCo in the 2nd quarter valued at about $29,000. Investment Research & Advisory Group Inc. raised its holdings in shares of PepsiCo by 263.6% in the 2nd quarter. Investment Research & Advisory Group Inc. now owns 320 shares of the company's stock valued at $42,000 after purchasing an additional 232 shares in the last quarter. Finally, MorganRosel Wealth Management LLC bought a new stake in shares of PepsiCo in the 1st quarter valued at about $55,000. 73.07% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

PEP has been the subject of several recent analyst reports. Deutsche Bank Aktiengesellschaft reiterated a "buy" rating on shares of PepsiCo in a research note on Thursday, July 17th. Royal Bank Of Canada reduced their price objective 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. Weiss Ratings reiterated a "hold (c-)" rating on shares of PepsiCo in a research note on Saturday, September 27th. Cowen reiterated a "hold" rating on shares of PepsiCo in a research note on Thursday, July 17th. Finally, Citigroup reduced their price objective on shares of PepsiCo from $168.00 to $165.00 and set a "buy" rating for the company in a research note on Thursday, September 25th. Four equities research analysts have rated the stock with a Buy rating, fourteen have assigned a Hold rating and two have issued a Sell rating to the company. According to MarketBeat.com, PepsiCo presently has a consensus rating of "Hold" and a consensus price target of $157.87.

PepsiCo Stock Down 0.2%

NASDAQ:PEP opened at $141.98 on Monday. The company has a market cap of $194.38 billion, a PE ratio of 25.86, a P/E/G ratio of 3.58 and a beta of 0.46. PepsiCo, Inc. has a twelve month low of $127.60 and a twelve month high of $177.50. 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 company's 50 day moving average is $144.36 and its two-hundred day moving average is $139.34.

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, topping the consensus estimate of $2.03 by $0.09. The company had revenue of $22.73 billion for the quarter, compared to the consensus estimate 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 quarter in the previous year, the firm earned $2.28 EPS. PepsiCo has set its FY 2025 guidance at 8.038-8.038 EPS. Analysts anticipate that PepsiCo, Inc. will post 8.3 EPS for the current year.

PepsiCo Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, September 30th. Stockholders of record on Friday, September 5th were issued a $1.4225 dividend. This represents a $5.69 annualized dividend and a dividend yield of 4.0%. The ex-dividend date of this dividend was Friday, September 5th. PepsiCo's dividend payout ratio is 103.64%.

PepsiCo 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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