Hall Laurie J Trustee Has $3.57 Million Stock Holdings in PepsiCo, Inc. $PEP

Key Points

• Hall Laurie J Trustee reduced its holdings in PepsiCo, Inc. by 6.9% in the second quarter, now holding 27,015 shares valued at approximately $3.57 million.
• PepsiCo declared a quarterly dividend of $1.4225, resulting in an annualized yield of 4.0% as part of its financial announcements.
• Analysts have mixed views on PepsiCo's stock, with price targets ranging from $145 to $170, while it currently holds an average rating of "Hold".

Hall Laurie J Trustee lessened its holdings in shares of PepsiCo, Inc. (NASDAQ:PEP - Free Report) by 6.9% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 27,015 shares of the company's stock after selling 1,995 shares during the quarter. PepsiCo makes up approximately 1.2% of Hall Laurie J Trustee's investment portfolio, making the stock its 29th largest position. Hall Laurie J Trustee's holdings in PepsiCo were worth $3,567,000 at the end of the most recent quarter.

A number of other institutional investors have also made changes to their positions in PEP. Eaton Financial Holdings Company LLC acquired a new stake in PepsiCo during the 2nd quarter valued at $277,000. Financial Partners Group Inc acquired a new stake in shares of PepsiCo during the 2nd quarter worth about $203,000. Focused Wealth Management Inc boosted its holdings in shares of PepsiCo by 7.7% during the 2nd quarter. Focused Wealth Management Inc now owns 1,917 shares of the company's stock worth $253,000 after buying an additional 137 shares during the period. Revisor Wealth Management LLC grew its stake in PepsiCo by 20.2% in the 2nd quarter. Revisor Wealth Management LLC now owns 3,892 shares of the company's stock valued at $530,000 after buying an additional 654 shares during the last quarter. Finally, Bfsg LLC lifted its position in PepsiCo by 3.6% during the second quarter. Bfsg LLC now owns 12,716 shares of the company's stock worth $1,679,000 after acquiring an additional 440 shares during the last quarter. 73.07% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on PEP. Bank of America reduced their target price on shares of PepsiCo from $150.00 to $145.00 and set a "neutral" rating for the company in a research report on Friday, July 11th. Citigroup boosted their price target on PepsiCo from $160.00 to $168.00 and gave the company a "buy" rating in a research note on Friday, July 18th. UBS Group reduced their price objective on shares of PepsiCo from $175.00 to $170.00 and set a "buy" rating on the stock in a research note on Thursday, September 11th. Cowen reaffirmed a "hold" rating on shares of PepsiCo in a report on Thursday, July 17th. Finally, Morgan Stanley lifted their price objective on shares of PepsiCo from $153.00 to $165.00 and gave the company an "equal weight" rating in a research note on Friday, July 18th. Four investment analysts have rated the stock with a Buy rating, fourteen have given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the stock has an average rating of "Hold" and an average price target of $158.60.

PepsiCo Stock Down 0.5%

Shares of NASDAQ:PEP opened at $141.03 on Tuesday. The company has a debt-to-equity ratio of 2.12, a current ratio of 0.78 and a quick ratio of 0.60. The company has a market capitalization of $193.08 billion, a PE ratio of 25.69, a price-to-earnings-growth ratio of 3.58 and a beta of 0.46. The business has a fifty day moving average price of $144.50 and a two-hundred day moving average price of $139.87. PepsiCo, Inc. has a 1 year low of $127.60 and a 1 year high of $177.50.

PepsiCo (NASDAQ:PEP - Get Free Report) last posted its quarterly earnings results on Thursday, July 17th. The company reported $2.12 EPS for the quarter, topping analysts' consensus estimates of $2.03 by $0.09. The firm had revenue of $22.73 billion during the quarter, compared to analyst estimates of $22.28 billion. PepsiCo had a return on equity of 57.81% and a net margin of 8.23%.The business's revenue for the quarter was up 1.0% on a year-over-year basis. During the same period last year, the company earned $2.28 earnings per share. PepsiCo has set its FY 2025 guidance at 8.038-8.038 EPS. Analysts forecast that PepsiCo, Inc. will post 8.3 earnings per share 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 issued a $1.4225 dividend. The ex-dividend date is Friday, September 5th. This represents a $5.69 annualized dividend and a yield of 4.0%. PepsiCo's 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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