Kavar Capital Partners Group LLC Sells 3,026 Shares of PepsiCo, Inc. $PEP

Key Points

• Kavar Capital Partners Group LLC reduced its stake in PepsiCo by 12% during the second quarter, selling 3,026 shares and holding a value of approximately $2.9 million at the quarter's end.
• PepsiCo reported a quarterly earnings per share (EPS) of $2.12, beating estimates by $0.09, with revenue of $22.73 billion, a 1% year-over-year increase.
• The company announced a quarterly dividend of $1.4225, translating to an annual yield of 4.1%, while its current dividend payout ratio stands at 103.64%.

Kavar Capital Partners Group LLC cut its holdings in PepsiCo, Inc. (NASDAQ:PEP - Free Report) by 12.0% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 22,125 shares of the company's stock after selling 3,026 shares during the period. Kavar Capital Partners Group LLC's holdings in PepsiCo were worth $2,921,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Brighton Jones LLC grew its position in PepsiCo by 12.4% during the fourth quarter. Brighton Jones LLC now owns 59,392 shares of the company's stock valued at $9,031,000 after buying an additional 6,574 shares during the period. NBC Securities Inc. grew its position in shares of PepsiCo by 111,652.0% during the 1st quarter. NBC Securities Inc. now owns 27,938 shares of the company's stock valued at $4,189,000 after acquiring an additional 27,913 shares during the period. QV Investors Inc. increased its stake in shares of PepsiCo by 22.3% during the 1st quarter. QV Investors Inc. now owns 116,785 shares of the company's stock worth $17,511,000 after purchasing an additional 21,290 shares during the last quarter. Fragasso Financial Advisors Inc raised its holdings in shares of PepsiCo by 1.6% in the 1st quarter. Fragasso Financial Advisors Inc now owns 21,494 shares of the company's stock worth $3,223,000 after purchasing an additional 343 shares during the period. Finally, Sweeney & Michel LLC purchased a new position in PepsiCo in the first quarter valued at approximately $571,000. Hedge funds and other institutional investors own 73.07% of the company's stock.

PepsiCo Stock Down 0.2%

PEP opened at $140.17 on Tuesday. The firm has a market capitalization of $191.90 billion, a P/E ratio of 25.53, a price-to-earnings-growth ratio of 3.54 and a beta of 0.46. PepsiCo, Inc. has a one year low of $127.60 and a one year high of $177.50. The company has a fifty day moving average price of $144.60 and a 200-day moving average price of $139.53. The company has a debt-to-equity ratio of 2.12, a current ratio of 0.78 and a quick ratio of 0.60.

PepsiCo (NASDAQ:PEP - Get Free Report) last posted its quarterly earnings data on Thursday, July 17th. The company reported $2.12 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.03 by $0.09. PepsiCo had a return on equity of 57.81% and a net margin of 8.23%.The company had revenue of $22.73 billion during the quarter, compared to analyst estimates of $22.28 billion. During the same quarter last year, the company earned $2.28 earnings per share. The firm's quarterly revenue 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 expect 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. Investors of record on Friday, September 5th will be paid a $1.4225 dividend. This represents a $5.69 dividend on an annualized basis and a yield of 4.1%. The ex-dividend date of this dividend is Friday, September 5th. PepsiCo's dividend payout ratio (DPR) is currently 103.64%.

Wall Street Analyst Weigh In

Several brokerages have issued reports on PEP. Bank of America lowered their target price on PepsiCo from $150.00 to $145.00 and set a "neutral" rating on the stock in a research note on Friday, July 11th. Cowen reaffirmed a "hold" rating on shares of PepsiCo in a report on Thursday, July 17th. Royal Bank Of Canada reduced their target price 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. UBS Group dropped their price target 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. 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 analysts have rated the stock with a Buy rating, fourteen have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the company has an average rating of "Hold" and a consensus target price of $158.13.

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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