Neville Rodie & Shaw Inc. Sells 1,883 Shares of PepsiCo, Inc. $PEP

Key Points

• Neville Rodie & Shaw Inc. reduced its stakes in PepsiCo, Inc. by 4.7%, selling 1,883 shares during the second quarter, leaving them with a holding of 37,880 shares valued at approximately $5,002,000.
• PepsiCo reported a quarterly earnings per share (EPS) of $2.12, exceeding analysts' estimates of $2.03, with revenue of $22.73 billion for the quarter, up 1.0% from the previous year.
• The company recently announced a quarterly dividend of $1.4225 per share, representing a yield of 4.0% and highlighting a high payout ratio of 103.64%.

Neville Rodie & Shaw Inc. lowered its holdings in PepsiCo, Inc. (NASDAQ:PEP - Free Report) by 4.7% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 37,880 shares of the company's stock after selling 1,883 shares during the period. Neville Rodie & Shaw Inc.'s holdings in PepsiCo were worth $5,002,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also added to or reduced their stakes in PEP. Nova Wealth Management Inc. bought a new position in PepsiCo in the first quarter valued at $25,000. Elite Financial Inc. bought a new position in PepsiCo in the first quarter valued at $28,000. Sunbeam Capital Management LLC bought a new position in PepsiCo in the fourth quarter valued at $47,000. MorganRosel Wealth Management LLC bought a new position in shares of PepsiCo in the 1st quarter valued at about $55,000. Finally, Migdal Insurance & Financial Holdings Ltd. bought a new position in shares of PepsiCo in the 1st quarter valued at about $58,000. Institutional investors own 73.07% of the company's stock.

PepsiCo Stock Performance

NASDAQ PEP opened at $143.53 on Friday. The firm has a 50-day moving average of $143.81 and a 200-day moving average of $140.60. 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 stock has a market cap of $196.50 billion, a PE ratio of 26.14, a P/E/G ratio of 3.65 and a beta of 0.46. PepsiCo, Inc. has a 52-week low of $127.60 and a 52-week high of $179.43.

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

PepsiCo Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 30th. Shareholders 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 annualized dividend and a yield of 4.0%. PepsiCo's payout ratio is 103.64%.

Analyst Upgrades and Downgrades

PEP has been the subject of a number of analyst reports. Deutsche Bank Aktiengesellschaft reissued a "buy" rating on shares of PepsiCo in a research report on Thursday, July 17th. UBS Group decreased their price objective on shares of PepsiCo from $175.00 to $170.00 and set a "buy" rating for the company in a research report on Thursday. Cowen reissued a "hold" rating on shares of PepsiCo in a research report on Thursday, July 17th. Barclays lifted their price objective on shares of PepsiCo from $132.00 to $144.00 and gave the company an "equal weight" rating in a research report on Monday, July 21st. Finally, JPMorgan Chase & Co. decreased their price objective on shares of PepsiCo from $150.00 to $139.00 and set a "neutral" rating for the company in a research report on Thursday, July 10th. Four investment analysts have rated the stock with a Buy rating, fourteen have given a Hold rating and one has assigned a Sell rating to the company's stock. According to MarketBeat.com, PepsiCo has an average rating of "Hold" and a consensus target price of $158.67.

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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