NBC Securities Inc. Trims Stock Holdings in PepsiCo, Inc. $PEP

Key Points

• NBC Securities Inc. reduced its holdings in PepsiCo, Inc. by 7.8%, now owning 25,759 shares worth approximately $3.4 million.
• Analysts currently have a consensus rating of "Hold" on PepsiCo's stock, with a target price averaging $158.67.
• PepsiCo has announced a quarterly dividend of $1.4225, translating to an annual yield of 4.0% with a significant dividend payout ratio of 103.64%.

NBC Securities Inc. trimmed its holdings in PepsiCo, Inc. (NASDAQ:PEP - Free Report) by 7.8% during the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 25,759 shares of the company's stock after selling 2,179 shares during the quarter. NBC Securities Inc.'s holdings in PepsiCo were worth $3,401,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently bought and sold shares of the company. Legacy Financial Group LLC grew its stake in PepsiCo by 4.9% in the first quarter. Legacy Financial Group LLC now owns 1,514 shares of the company's stock worth $227,000 after purchasing an additional 71 shares in the last quarter. Centurion Wealth Management LLC grew its stake in PepsiCo by 3.8% in the second quarter. Centurion Wealth Management LLC now owns 2,068 shares of the company's stock worth $273,000 after purchasing an additional 75 shares in the last quarter. Pflug Koory LLC grew its stake in PepsiCo by 1.0% in the first quarter. Pflug Koory LLC now owns 7,750 shares of the company's stock worth $1,162,000 after purchasing an additional 76 shares in the last quarter. Hoge Financial Services LLC grew its stake in PepsiCo by 2.1% in the first quarter. Hoge Financial Services LLC now owns 3,633 shares of the company's stock worth $545,000 after purchasing an additional 76 shares in the last quarter. Finally, Members Trust Co grew its stake in PepsiCo by 1.3% in the first quarter. Members Trust Co now owns 5,941 shares of the company's stock worth $891,000 after purchasing an additional 77 shares in the last quarter. Institutional investors own 73.07% of the company's stock.

Analyst Ratings Changes

Several analysts have issued reports on PEP shares. Deutsche Bank Aktiengesellschaft reaffirmed a "buy" rating on shares of PepsiCo in a research report on Thursday, July 17th. Royal Bank Of Canada reaffirmed a "sector perform" rating and set a $146.00 target price on shares of PepsiCo in a research report on Wednesday, September 3rd. Morgan Stanley increased their target price on PepsiCo from $153.00 to $165.00 and gave the company an "equal weight" rating in a research report on Friday, July 18th. UBS Group dropped their target price on PepsiCo from $175.00 to $170.00 and set a "buy" rating on the stock in a research report on Thursday. Finally, Citigroup increased their target price on PepsiCo from $160.00 to $168.00 and gave the company a "buy" rating in a research report on Friday, July 18th. Four research analysts have rated the stock with a Buy rating, fourteen have assigned a Hold rating and one has issued a Sell rating to the company's stock. According to data from MarketBeat, the stock presently has an average rating of "Hold" and a consensus price target of $158.67.

PepsiCo Stock Performance

Shares of PEP opened at $143.53 on Monday. PepsiCo, Inc. has a 12 month low of $127.60 and a 12 month high of $179.43. The stock has a fifty day moving average price of $143.81 and a 200-day moving average price of $140.44. The company has a current ratio of 0.78, a quick ratio of 0.60 and a debt-to-equity ratio of 2.12. The firm has a market cap of $196.50 billion, a PE ratio of 26.14, a P/E/G ratio of 3.63 and a beta of 0.46.

PepsiCo (NASDAQ:PEP - Get Free Report) last issued its quarterly earnings data on Thursday, July 17th. The company reported $2.12 EPS for the quarter, beating the consensus estimate 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 analyst estimates of $22.28 billion. During the same quarter in the prior year, the business posted $2.28 EPS. The business's revenue for the quarter was up 1.0% compared to the same quarter last year. PepsiCo has set its FY 2025 guidance at 8.038-8.038 EPS. Equities research analysts predict that PepsiCo, Inc. will post 8.3 earnings per share for the current fiscal year.

PepsiCo Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 30th. Investors of record on Friday, September 5th will be paid a $1.4225 dividend. The ex-dividend date is Friday, September 5th. This represents a $5.69 dividend on an annualized basis and a yield of 4.0%. PepsiCo's dividend payout ratio (DPR) is 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.

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