Kidder Stephen W trimmed its stake in PepsiCo, Inc. (NASDAQ:PEP - Free Report) by 12.6% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 13,628 shares of the company's stock after selling 1,970 shares during the quarter. Kidder Stephen W's holdings in PepsiCo were worth $1,799,000 as of its most recent filing with the Securities & Exchange Commission.
Several other large investors also recently modified their holdings of PEP. Nova Wealth Management Inc. bought a new stake in shares of PepsiCo in the first quarter valued at $25,000. Elite Financial Inc. purchased a new stake in PepsiCo in the 1st quarter worth about $28,000. Legend Financial Advisors Inc. bought a new stake in PepsiCo in the 2nd quarter valued at about $29,000. RMG Wealth Management LLC purchased a new stake in PepsiCo during the second quarter valued at about $45,000. Finally, Investment Research & Advisory Group Inc. boosted its position in PepsiCo by 263.6% during the second quarter. Investment Research & Advisory Group Inc. now owns 320 shares of the company's stock worth $42,000 after purchasing an additional 232 shares during the period. Hedge funds and other institutional investors own 73.07% of the company's stock.
PepsiCo Price Performance
PepsiCo stock opened at $140.79 on Wednesday. The stock has a market cap of $192.75 billion, a price-to-earnings ratio of 25.64, a PEG ratio of 3.53 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. The business has a 50-day simple moving average of $144.26 and a 200 day simple moving average of $139.31. 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 issued its quarterly earnings results 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 firm had revenue of $22.73 billion during the quarter, compared to the consensus estimate of $22.28 billion. During the same quarter last year, the company posted $2.28 EPS. The company'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. On average, research analysts forecast that PepsiCo, Inc. will post 8.3 earnings per share for the current fiscal year.
PepsiCo Announces Dividend
The business also recently declared a quarterly dividend, which was paid on Tuesday, September 30th. Stockholders of record on Friday, September 5th were issued a $1.4225 dividend. The ex-dividend date of this dividend was Friday, September 5th. This represents a $5.69 dividend on an annualized basis and a dividend yield of 4.0%. PepsiCo's dividend payout ratio is presently 103.64%.
Analyst Upgrades and Downgrades
A number of analysts recently commented on the stock. Citigroup dropped their price target on shares of PepsiCo from $168.00 to $165.00 and set a "buy" rating on the stock in a research note on Thursday, September 25th. Deutsche Bank Aktiengesellschaft reissued a "buy" rating on shares of PepsiCo in a report on Thursday, July 17th. Barclays reaffirmed a "cautious" rating on shares of PepsiCo in a report on Friday. Morgan Stanley boosted their price objective on PepsiCo from $153.00 to $165.00 and gave the company an "equal weight" rating in a research note on Friday, July 18th. Finally, UBS Group cut their target price on PepsiCo from $175.00 to $170.00 and set a "buy" rating for the company in a research note on Thursday, September 11th. Four investment analysts have rated the stock with a Buy rating, fifteen have assigned a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus target price of $158.13.
Check Out Our Latest Research Report on PepsiCo
About PepsiCo
(
Free Report)
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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