Hall Laurie J Trustee Decreases Stake in PepsiCo, Inc. $PEP

Key Points

• Hall Laurie J Trustee reduced its stake in PepsiCo, Inc. by 7.6% in the first quarter, now holding 29,010 shares valued at approximately $4.35 million.
• PepsiCo reported earnings of $2.12 per share for the last quarter, exceeding analyst expectations, with revenue reaching $22.73 billion.
• The company announced a quarterly dividend of $1.4225 per share, representing a yield of 3.8%, with the ex-dividend date set for September 5.

Hall Laurie J Trustee reduced its stake in PepsiCo, Inc. (NASDAQ:PEP - Free Report) by 7.6% in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 29,010 shares of the company's stock after selling 2,372 shares during the quarter. PepsiCo comprises about 1.6% of Hall Laurie J Trustee's portfolio, making the stock its 23rd largest holding. Hall Laurie J Trustee's holdings in PepsiCo were worth $4,350,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors also recently bought and sold shares of PEP. Brighton Jones LLC increased 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 valued at $9,031,000 after purchasing an additional 6,574 shares during the period. Bank Pictet & Cie Europe AG boosted its position in PepsiCo by 2.5% in the fourth quarter. Bank Pictet & Cie Europe AG now owns 470,387 shares of the company's stock valued at $71,527,000 after buying an additional 11,538 shares during the last quarter. CoreCap Advisors LLC increased its holdings in PepsiCo by 11.6% in the 4th quarter. CoreCap Advisors LLC now owns 3,744 shares of the company's stock worth $569,000 after buying an additional 388 shares during the period. Colonial Trust Co SC raised its position in PepsiCo by 6.0% during the 4th quarter. Colonial Trust Co SC now owns 40,943 shares of the company's stock worth $6,226,000 after buying an additional 2,335 shares during the last quarter. Finally, Eagle Global Advisors LLC lifted its stake in PepsiCo by 60.6% during the 4th quarter. Eagle Global Advisors LLC now owns 50,835 shares of the company's stock valued at $7,730,000 after acquiring an additional 19,184 shares during the period. Hedge funds and other institutional investors own 73.07% of the company's stock.

PepsiCo Price Performance

Shares of PEP stock traded down $0.50 during trading hours on Friday, hitting $146.39. 7,185,531 shares of the company's stock were exchanged, compared to its average volume of 8,037,725. PepsiCo, Inc. has a fifty-two week low of $127.60 and a fifty-two week high of $179.43. The firm has a market cap of $200.42 billion, a P/E ratio of 26.66, a P/E/G ratio of 3.70 and a beta of 0.46. The company has a quick ratio of 0.60, a current ratio of 0.78 and a debt-to-equity ratio of 2.12. The firm has a 50 day moving average of $143.00 and a two-hundred day moving average of $140.86.

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, topping the consensus estimate of $2.03 by $0.09. The company 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%. The firm'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. Sell-side analysts forecast that PepsiCo, Inc. will post 8.3 EPS for the current year.

PepsiCo Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, September 30th. Investors of record on Friday, September 5th will be paid a $1.4225 dividend. 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 3.9%. PepsiCo's dividend payout ratio (DPR) is currently 103.64%.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on PEP. 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 report on Thursday, July 10th. Wells Fargo & Company increased their price target on PepsiCo from $140.00 to $154.00 and gave the stock an "equal weight" rating in a research report on Friday, July 18th. Deutsche Bank Aktiengesellschaft reissued a "buy" rating on shares of PepsiCo in a report on Thursday, July 17th. Dbs Bank lowered PepsiCo from a "strong-buy" rating to a "hold" rating in a report on Friday, May 9th. Finally, Royal Bank Of Canada reiterated a "sector perform" rating and set a $146.00 price target on shares of PepsiCo in a research report on Wednesday. Four research analysts have rated the stock with a Buy rating, fourteen have given a Hold rating and one has issued a Sell rating to the company's stock. According to data from MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus target price of $158.60.

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.