Kestra Advisory Services LLC Has $27.94 Million Stock Holdings in PepsiCo, Inc. $PEP

Key Points

• Kestra Advisory Services LLC reduced its stake in PepsiCo by 9.7% during the first quarter, holding 186,324 shares valued at approximately $27.94 million at the end of the reporting period.
• Multiple hedge funds have adjusted their positions in PepsiCo, with GAMMA Investing LLC drastically increasing its stake by over 19,000%, now owning approximately 4.59 million shares.
• PepsiCo's recent quarterly earnings surpassed analysts' expectations, reporting $2.12 earnings per share and a revenue of $22.73 billion, while the company also announced a quarterly dividend of $1.4225 per share.

Kestra Advisory Services LLC cut its holdings in PepsiCo, Inc. (NASDAQ:PEP - Free Report) by 9.7% in the first quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 186,324 shares of the company's stock after selling 20,084 shares during the quarter. Kestra Advisory Services LLC's holdings in PepsiCo were worth $27,937,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in PEP. Nuveen LLC acquired a new stake in PepsiCo in the first quarter worth about $946,978,000. GAMMA Investing LLC increased its position in PepsiCo by 19,106.5% in the first quarter. GAMMA Investing LLC now owns 4,588,614 shares of the company's stock worth $688,017,000 after purchasing an additional 4,564,723 shares during the period. Assenagon Asset Management S.A. increased its position in PepsiCo by 106.1% in the first quarter. Assenagon Asset Management S.A. now owns 3,514,965 shares of the company's stock worth $527,034,000 after purchasing an additional 1,809,391 shares during the period. Vanguard Group Inc. increased its position in PepsiCo by 1.4% in the first quarter. Vanguard Group Inc. now owns 135,174,252 shares of the company's stock worth $20,268,027,000 after purchasing an additional 1,802,748 shares during the period. Finally, Universal Beteiligungs und Servicegesellschaft mbH acquired a new stake in PepsiCo in the fourth quarter worth about $221,297,000. 73.07% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of brokerages recently commented on PEP. Royal Bank Of Canada reiterated a "sector perform" rating and issued a $148.00 price objective on shares of PepsiCo in a research report on Tuesday, June 24th. Citigroup lifted their price objective on PepsiCo from $160.00 to $168.00 and gave the stock a "buy" rating in a research report on Friday, July 18th. Dbs Bank lowered PepsiCo from a "strong-buy" rating to a "hold" rating in a research report on Friday, May 9th. Bank of America decreased their target price on PepsiCo from $150.00 to $145.00 and set a "neutral" rating for the company in a research report on Friday, July 11th. Finally, Morgan Stanley boosted their target price on PepsiCo from $153.00 to $165.00 and gave the stock an "equal weight" rating in a research report on Friday, July 18th. Four analysts have rated the stock with a Buy rating, fourteen have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, PepsiCo currently has an average rating of "Hold" and an average price target of $158.73.

PepsiCo Trading Up 0.4%

NASDAQ:PEP opened at $149.64 on Friday. PepsiCo, Inc. has a twelve month low of $127.60 and a twelve month high of $179.73. 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 business has a 50 day moving average price of $139.32 and a two-hundred day moving average price of $140.66. The company has a market cap of $204.87 billion, a P/E ratio of 27.26, a price-to-earnings-growth ratio of 3.97 and a beta of 0.45.

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

PepsiCo Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 30th. Stockholders of record on Friday, September 5th will be paid a dividend of $1.4225 per share. The ex-dividend date is Friday, September 5th. This represents a $5.69 dividend on an annualized basis and a dividend yield of 3.8%. PepsiCo's dividend 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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