Jones Financial Companies Lllp Trims Position in PepsiCo, Inc. $PEP

Key Points

• Jones Financial Companies Lllp has decreased its stake in PepsiCo by 78.9%, holding now 75,079 shares worth approximately $11.02 million after selling over 281,000 shares in the first quarter.
• PepsiCo recently reported quarterly earnings of $2.12 per share, surpassing estimates by $0.09, and revenues reached $22.73 billion, up 1.0% year-over-year.
• The company announced a quarterly dividend of $1.4225 per share, resulting in an annual yield of 4.0%, with a dividend payout ratio of 103.64%.

Jones Financial Companies Lllp lowered its holdings in PepsiCo, Inc. (NASDAQ:PEP - Free Report) by 78.9% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 75,079 shares of the company's stock after selling 281,407 shares during the quarter. Jones Financial Companies Lllp's holdings in PepsiCo were worth $11,017,000 at the end of the most recent quarter.

Other hedge funds have also bought and sold shares of the company. Asset Management One Co. Ltd. grew its position in PepsiCo by 3.6% in the 1st quarter. Asset Management One Co. Ltd. now owns 630,906 shares of the company's stock valued at $94,598,000 after purchasing an additional 21,859 shares during the period. Ignite Planners LLC lifted its stake in PepsiCo by 4.2% during the 1st quarter. Ignite Planners LLC now owns 3,773 shares of the company's stock valued at $566,000 after acquiring an additional 151 shares in the last quarter. Graybill Wealth Management LTD. bought a new position in PepsiCo during the 1st quarter valued at $3,633,000. OMERS ADMINISTRATION Corp lifted its stake in PepsiCo by 12.1% during the 4th quarter. OMERS ADMINISTRATION Corp now owns 124,797 shares of the company's stock valued at $18,977,000 after acquiring an additional 13,461 shares in the last quarter. Finally, Sumitomo Mitsui DS Asset Management Company Ltd lifted its stake in PepsiCo by 2.3% during the 1st quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 270,938 shares of the company's stock valued at $40,624,000 after acquiring an additional 6,112 shares in the last quarter. Institutional investors and hedge funds own 73.07% of the company's stock.

PepsiCo Stock Performance

PepsiCo stock traded up $1.39 during midday trading on Tuesday, reaching $143.10. The stock had a trading volume of 5,852,496 shares, compared to its average volume of 8,398,995. PepsiCo, Inc. has a 12 month low of $127.60 and a 12 month high of $179.43. The firm's 50-day moving average price is $143.35 and its 200 day moving average price is $140.74. The firm has a market capitalization of $195.92 billion, a PE ratio of 26.07, a P/E/G ratio of 3.58 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.

PepsiCo (NASDAQ:PEP - Get Free Report) last announced its quarterly earnings data on Thursday, July 17th. The company reported $2.12 earnings per share (EPS) 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 business had revenue of $22.73 billion for the quarter, compared to analysts' expectations of $22.28 billion. During the same period in the previous year, the business posted $2.28 EPS. The firm's quarterly revenue was up 1.0% compared to the same quarter last year. PepsiCo has set its FY 2025 guidance at 8.038-8.038 EPS. As a group, research analysts predict that PepsiCo, Inc. will post 8.3 earnings per share for the current fiscal year.

PepsiCo Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, September 30th. Shareholders of record on Friday, September 5th will be issued a dividend of $1.4225 per share. This represents a $5.69 dividend on an annualized basis and a yield of 4.0%. The ex-dividend date of this dividend is Friday, September 5th. PepsiCo's payout ratio is presently 103.64%.

Analysts Set New Price Targets

Several equities analysts have weighed in on the company. Barclays raised their price objective on PepsiCo from $132.00 to $144.00 and gave the company an "equal weight" rating in a research note on Monday, July 21st. Citigroup raised their price objective on PepsiCo from $160.00 to $168.00 and gave the company a "buy" rating in a research note on Friday, July 18th. JPMorgan Chase & Co. dropped their price objective on PepsiCo from $150.00 to $139.00 and set a "neutral" rating on the stock in a research note on Thursday, July 10th. Royal Bank Of Canada reiterated a "sector perform" rating and set a $146.00 target price on shares of PepsiCo in a research note on Wednesday, September 3rd. Finally, Cowen reiterated a "hold" rating on shares of PepsiCo in a research note on Thursday, July 17th. Four 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, PepsiCo currently has an average rating of "Hold" and a consensus price target of $158.60.

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.