Mengis Capital Management Inc. Sells 4,461 Shares of PepsiCo, Inc. $PEP

Key Points

• Mengis Capital Management Inc. reduced its stake in PepsiCo by 11.1%, selling 4,461 shares and now holding 35,742 shares valued at approximately $4.72 million.
• PepsiCo recently declared a quarterly dividend of $1.4225 per share, with an annualized dividend yield of 3.9% despite a payout ratio of 103.64%.
• PepsiCo reported a quarterly EPS of $2.29, exceeding analyst expectations, and projected an EPS of 8.3 for the current fiscal year.

Mengis Capital Management Inc. trimmed its holdings in PepsiCo, Inc. (NASDAQ:PEP - Free Report) by 11.1% in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 35,742 shares of the company's stock after selling 4,461 shares during the quarter. PepsiCo comprises 1.0% of Mengis Capital Management Inc.'s portfolio, making the stock its 25th biggest holding. Mengis Capital Management Inc.'s holdings in PepsiCo were worth $4,719,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. Nuveen LLC acquired a new stake in PepsiCo in the first quarter worth about $946,978,000. Kingstone Capital Partners Texas LLC acquired a new stake in PepsiCo in the second quarter worth about $460,110,000. 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. Charles Schwab Investment Management Inc. increased its position in PepsiCo by 5.0% in the first quarter. Charles Schwab Investment Management Inc. now owns 26,475,241 shares of the company's stock worth $3,969,698,000 after purchasing an additional 1,258,198 shares during the period. Finally, Deutsche Bank AG increased its position in PepsiCo by 14.3% in the first quarter. Deutsche Bank AG now owns 9,296,022 shares of the company's stock worth $1,393,846,000 after purchasing an additional 1,165,745 shares during the period. 73.07% of the stock is owned by institutional investors.

PepsiCo Stock Performance

Shares of PEP stock opened at $144.71 on Friday. The company has a debt-to-equity ratio of 2.12, a quick ratio of 0.60 and a current ratio of 0.78. The company has a market capitalization of $198.12 billion, a P/E ratio of 26.36, a price-to-earnings-growth ratio of 3.50 and a beta of 0.46. The company's 50 day moving average price is $144.32 and its two-hundred day moving average price is $139.29. 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 released its quarterly earnings results on Thursday, October 9th. The company reported $2.29 earnings per share for the quarter, topping analysts' consensus estimates of $2.26 by $0.03. PepsiCo had a return on equity of 57.81% and a net margin of 8.23%.The firm had revenue of $23.94 billion during the quarter, compared to the consensus estimate of $23.91 billion. During the same quarter in the prior year, the firm posted $2.31 EPS. The business's revenue was up 2.7% on a year-over-year basis. PepsiCo has set its FY 2025 guidance at 8.120-8.120 EPS. On average, analysts expect that PepsiCo, Inc. will post 8.3 earnings per share for the current fiscal year.

PepsiCo Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, September 30th. Shareholders of record on Friday, September 5th were given a dividend of $1.4225 per share. The ex-dividend date of this dividend was Friday, September 5th. This represents a $5.69 dividend on an annualized basis and a yield of 3.9%. PepsiCo's dividend payout ratio is 103.64%.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on the company. Weiss Ratings reiterated a "hold (c-)" rating on shares of PepsiCo in a research report on Saturday, September 27th. BNP Paribas Exane decreased their target price on PepsiCo from $152.00 to $150.00 and set a "neutral" rating for the company in a research report on Monday. JPMorgan Chase & Co. decreased their target price on PepsiCo from $157.00 to $151.00 and set a "neutral" rating for the company in a research report on Monday. Citigroup decreased their target price on PepsiCo from $168.00 to $165.00 and set a "buy" rating for the company in a research report on Thursday, September 25th. Finally, UBS Group decreased their target price on PepsiCo from $175.00 to $170.00 and set a "buy" rating for the company in a research report on Thursday, September 11th. Four equities research analysts have rated the stock with a Buy rating, fourteen have given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of "Hold" and an average target price of $158.13.

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.

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