Harbour Capital Advisors LLC Has $2.45 Million Holdings in PepsiCo, Inc. $PEP

Key Points

• Harbour Capital Advisors LLC has reduced its holdings in PepsiCo by 19.4%, now owning 17,938 shares valued at approximately $2.45 million.
• Analysts have adjusted price targets for PepsiCo, with Barclays increasing its target from $132 to $144 and Wells Fargo raising it from $140 to $154, while the average consensus price target stands at $158.60.
• PepsiCo recently declared a quarterly dividend of $1.4225 per share, yielding 4.0%, with a payout ratio currently at 103.64%.

Harbour Capital Advisors LLC lowered its position in shares of PepsiCo, Inc. (NASDAQ:PEP - Free Report) by 19.4% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 17,938 shares of the company's stock after selling 4,327 shares during the quarter. Harbour Capital Advisors LLC's holdings in PepsiCo were worth $2,448,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. Nova Wealth Management Inc. acquired a new stake in shares of PepsiCo in the first quarter worth $25,000. Elite Financial Inc. acquired a new stake in shares of PepsiCo in the first quarter worth $28,000. Sunbeam Capital Management LLC acquired a new stake in shares of PepsiCo in the fourth quarter worth $47,000. MorganRosel Wealth Management LLC acquired a new stake in shares of PepsiCo in the first quarter worth $55,000. Finally, Migdal Insurance & Financial Holdings Ltd. acquired a new stake in shares of PepsiCo in the first quarter worth $58,000. Institutional investors and hedge funds own 73.07% of the company's stock.

Analysts Set New Price Targets

A number of analysts recently issued reports on PEP shares. Barclays lifted their price objective on PepsiCo from $132.00 to $144.00 and gave the company an "equal weight" rating in a research report on Monday, July 21st. Wells Fargo & Company lifted their price objective on PepsiCo from $140.00 to $154.00 and gave the company an "equal weight" rating in a research report on Friday, July 18th. Bank of America reduced their price objective on PepsiCo from $150.00 to $145.00 and set a "neutral" rating for the company in a research report on Friday, July 11th. UBS Group reduced their price objective on PepsiCo from $175.00 to $170.00 and set a "buy" rating for the company in a research report on Thursday, September 11th. Finally, Morgan Stanley lifted their price objective on PepsiCo from $153.00 to $165.00 and gave the company an "equal weight" rating in a research report on Friday, July 18th. Four research analysts have rated the stock with a Buy rating, fourteen have assigned a Hold rating and one has given a Sell rating to the company's stock. Based on data from MarketBeat, the stock presently has an average rating of "Hold" and a consensus price target of $158.60.

PepsiCo Trading Up 0.7%

PepsiCo stock opened at $141.76 on Friday. The company has a debt-to-equity ratio of 2.12, a quick ratio of 0.60 and a current ratio of 0.78. The business's 50-day simple moving average is $144.39 and its 200-day simple moving average is $140.16. The firm has a market capitalization of $194.08 billion, a PE ratio of 25.82, a PEG ratio of 3.56 and a beta of 0.46. PepsiCo, Inc. has a 52 week low of $127.60 and a 52 week high of $177.50.

PepsiCo (NASDAQ:PEP - Get Free Report) last posted its quarterly earnings data on Thursday, July 17th. The company reported $2.12 EPS for the quarter, topping 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 business had revenue of $22.73 billion for the quarter, compared to analyst estimates of $22.28 billion. During the same period in the previous year, the company posted $2.28 earnings per share. The firm'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. Equities research analysts forecast 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 paid a dividend of $1.4225 per share. This represents a $5.69 annualized dividend and a yield of 4.0%. The ex-dividend date is Friday, September 5th. PepsiCo's payout ratio is currently 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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