Moody Lynn & Lieberson LLC Has $7.04 Million Holdings in PepsiCo, Inc. $PEP

Key Points

• Moody Lynn & Lieberson LLC reduced its holdings in PepsiCo, Inc. by 26.8% during Q2, now owning 53,297 shares worth approximately $7.04 million.
• PepsiCo's quarterly earnings beat estimates, reporting $2.12 earnings per share and revenues of $22.73 billion, both exceeding analyst expectations.
• The company declared a quarterly dividend of $1.4225 per share, indicating a 4.1% dividend yield, with a payout ratio of 103.64%.

Moody Lynn & Lieberson LLC decreased its holdings in PepsiCo, Inc. (NASDAQ:PEP - Free Report) by 26.8% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 53,297 shares of the company's stock after selling 19,500 shares during the period. Moody Lynn & Lieberson LLC's holdings in PepsiCo were worth $7,037,000 as of its most recent SEC filing.

Several other institutional investors have also made changes to their positions in the stock. Nova Wealth Management Inc. purchased a new position in PepsiCo in the first quarter valued at about $25,000. Elite Financial Inc. bought a new stake in shares of PepsiCo in the 1st quarter valued at approximately $28,000. Legend Financial Advisors Inc. acquired a new position in PepsiCo in the second quarter worth approximately $29,000. MorganRosel Wealth Management LLC bought a new position in PepsiCo during the first quarter valued at approximately $55,000. Finally, Migdal Insurance & Financial Holdings Ltd. acquired a new stake in PepsiCo in the first quarter valued at approximately $58,000. 73.07% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research analysts have recently weighed in on PEP shares. Bank of America cut their price target on shares of PepsiCo from $150.00 to $145.00 and set a "neutral" rating on the stock in a report on Friday, July 11th. Barclays raised their target price on PepsiCo from $132.00 to $144.00 and gave the company an "equal weight" rating in a report on Monday, July 21st. Wells Fargo & Company decreased their price target on PepsiCo from $154.00 to $150.00 and set an "equal weight" rating for the company in a research note on Thursday. JPMorgan Chase & Co. cut their price objective on PepsiCo from $150.00 to $139.00 and set a "neutral" rating on the stock in a research note on Thursday, July 10th. Finally, Morgan Stanley upped 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 research analysts have rated the stock with a Buy rating, fourteen have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, PepsiCo has a consensus rating of "Hold" and an average price target of $158.13.

PepsiCo Stock Performance

PEP opened at $140.44 on Monday. 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 stock's 50 day moving average price is $144.63 and its two-hundred day moving average price is $139.59. The firm has a market capitalization of $192.27 billion, a P/E ratio of 25.58, a price-to-earnings-growth ratio of 3.54 and a beta of 0.46. PepsiCo, Inc. has a 12-month low of $127.60 and a 12-month high of $177.50.

PepsiCo (NASDAQ:PEP - Get Free Report) last posted its quarterly earnings data on Thursday, July 17th. The company reported $2.12 earnings per share for the quarter, beating the consensus estimate of $2.03 by $0.09. The company had revenue of $22.73 billion during the quarter, compared to analysts' expectations of $22.28 billion. PepsiCo had a return on equity of 57.81% and a net margin of 8.23%.PepsiCo's revenue for the quarter was up 1.0% compared to the same quarter last year. During the same period in the prior year, the business earned $2.28 earnings per share. PepsiCo has set its FY 2025 guidance at 8.038-8.038 EPS. On average, equities analysts forecast that PepsiCo, Inc. will post 8.3 earnings per share for the current year.

PepsiCo Dividend Announcement

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 issued a dividend of $1.4225 per share. The ex-dividend date is Friday, September 5th. This represents a $5.69 annualized dividend and a dividend yield of 4.1%. PepsiCo's payout ratio is presently 103.64%.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.