Lyell Wealth Management LP Has $1.20 Million Stock Holdings in PepsiCo, Inc. $PEP

Key Points

• Lyell Wealth Management LP reduced its stake in PepsiCo by 26.0%, holding 9,048 shares valued at approximately $1.20 million as of the last reporting period.
• PepsiCo reported earnings per share (EPS) of $2.29, exceeding analysts' expectations, with a revenue of $23.94 billion for the quarter.
• PepsiCo recently announced a quarterly dividend of $1.4225 per share, representing a dividend yield of 3.7%.

Lyell Wealth Management LP reduced its position in PepsiCo, Inc. (NASDAQ:PEP - Free Report) by 26.0% in the 2nd quarter, according to its most recent filing with the SEC. The firm owned 9,048 shares of the company's stock after selling 3,173 shares during the period. Lyell Wealth Management LP's holdings in PepsiCo were worth $1,195,000 at the end of the most recent reporting period.

Other large investors have also made changes to their positions in the company. Stephens Inc. AR boosted its holdings in PepsiCo by 6.0% in the second quarter. Stephens Inc. AR now owns 134,483 shares of the company's stock valued at $17,757,000 after acquiring an additional 7,608 shares during the last quarter. Alaska Wealth Advisors lifted its position in PepsiCo by 3.6% during the 2nd quarter. Alaska Wealth Advisors now owns 2,877 shares of the company's stock valued at $380,000 after purchasing an additional 99 shares during the period. Beverly Hills Private Wealth LLC grew its position in shares of PepsiCo by 6.2% during the 2nd quarter. Beverly Hills Private Wealth LLC now owns 35,482 shares of the company's stock worth $4,685,000 after buying an additional 2,064 shares during the period. Altus Wealth Group LLC raised its stake in shares of PepsiCo by 1.1% during the second quarter. Altus Wealth Group LLC now owns 7,078 shares of the company's stock worth $935,000 after buying an additional 79 shares during the last quarter. Finally, LMG Wealth Partners LLC raised its stake in shares of PepsiCo by 5.1% during the second quarter. LMG Wealth Partners LLC now owns 51,137 shares of the company's stock worth $6,752,000 after buying an additional 2,490 shares during the last quarter. Institutional investors and hedge funds own 73.07% of the company's stock.

Wall Street Analyst Weigh In

PEP has been the subject of a number of analyst reports. Morgan Stanley lifted their target price on shares of PepsiCo from $153.00 to $165.00 and gave the stock an "equal weight" rating in a report on Friday, July 18th. Deutsche Bank Aktiengesellschaft reiterated a "buy" rating on shares of PepsiCo in a report on Thursday, July 17th. HSBC raised their target price on PepsiCo from $145.00 to $152.00 and gave the stock a "hold" rating in a report on Friday, October 10th. Royal Bank Of Canada cut their price target on shares of PepsiCo from $146.00 to $145.00 and set a "sector perform" rating on the stock in a research report on Monday, September 15th. Finally, Wells Fargo & Company lifted their price objective on shares of PepsiCo from $150.00 to $154.00 and gave the stock a "positive" rating in a research note on Friday, October 10th. Six research 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. Based on data from MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus target price of $156.00.

PepsiCo Price Performance

Shares of PEP opened at $153.71 on Monday. The stock has a 50 day simple moving average of $145.51 and a 200 day simple moving average of $139.25. PepsiCo, Inc. has a 52-week low of $127.60 and a 52-week high of $177.50. The company has a debt-to-equity ratio of 2.26, a quick ratio of 0.72 and a current ratio of 0.91. The firm has a market capitalization of $210.17 billion, a PE ratio of 29.22, a P/E/G ratio of 3.74 and a beta of 0.46.

PepsiCo (NASDAQ:PEP - Get Free Report) last announced its earnings results on Thursday, October 9th. The company reported $2.29 EPS for the quarter, topping the consensus estimate of $2.26 by $0.03. The firm had revenue of $23.94 billion for the quarter, compared to the consensus estimate of $23.91 billion. PepsiCo had a net margin of 7.82% and a return on equity of 57.58%. The business's quarterly revenue was up 2.7% on a year-over-year basis. During the same period last year, the company posted $2.31 EPS. PepsiCo has set its FY 2025 guidance at 8.120-8.120 EPS. Sell-side analysts predict that PepsiCo, Inc. will post 8.3 EPS for the current fiscal year.

PepsiCo Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, September 30th. Shareholders of record on Friday, September 5th were issued a dividend of $1.4225 per share. This represents a $5.69 dividend on an annualized basis and a yield of 3.7%. The ex-dividend date was Friday, September 5th. PepsiCo's dividend payout ratio is 108.17%.

About PepsiCo

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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