North Star Investment Management Corp. Sells 12,634 Shares of PepsiCo, Inc. $PEP

Key Points

• North Star Investment Management Corp. has reduced its holdings in PepsiCo by 20.6%, selling 12,634 shares in the second quarter, bringing its total to 48,764 shares worth approximately $6,439,000.
• PepsiCo reported earnings of $2.12 per share for the last quarter, exceeding analysts' predictions of $2.03, with revenue reaching $22.73 billion.
• The company declared a quarterly dividend of $1.4225 per share, with a dividend yield of 4.0%, while its payout ratio stands at 103.64%.

North Star Investment Management Corp. cut its holdings in PepsiCo, Inc. (NASDAQ:PEP - Free Report) by 20.6% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 48,764 shares of the company's stock after selling 12,634 shares during the quarter. North Star Investment Management Corp.'s holdings in PepsiCo were worth $6,439,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Nuveen LLC acquired a new stake in PepsiCo in the first quarter worth $946,978,000. GAMMA Investing LLC raised its holdings in PepsiCo by 19,106.5% in the first quarter. GAMMA Investing LLC now owns 4,588,614 shares of the company's stock worth $688,017,000 after purchasing an additional 4,564,723 shares during the period. Kingstone Capital Partners Texas LLC acquired a new stake in PepsiCo in the second quarter worth $460,110,000. Assenagon Asset Management S.A. raised its holdings in PepsiCo by 106.1% in the first quarter. Assenagon Asset Management S.A. now owns 3,514,965 shares of the company's stock worth $527,034,000 after purchasing an additional 1,809,391 shares during the period. Finally, Vanguard Group Inc. raised its holdings 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. 73.07% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on the stock. Citigroup increased their target price on shares of PepsiCo from $160.00 to $168.00 and gave the stock a "buy" rating in a report on Friday, July 18th. Bank of America dropped their price objective 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 price objective on shares of PepsiCo from $132.00 to $144.00 and gave the stock an "equal weight" rating in a report on Monday, July 21st. Cowen restated a "hold" rating on shares of PepsiCo in a report on Thursday, July 17th. Finally, Wells Fargo & Company raised their price objective on shares of PepsiCo from $140.00 to $154.00 and gave the stock an "equal weight" rating in a report on Friday, July 18th. Four investment 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's stock. Based on data from MarketBeat, PepsiCo presently has an average rating of "Hold" and a consensus price target of $158.60.

PepsiCo Stock Up 0.2%

PepsiCo stock opened at $142.17 on Thursday. The company has a market cap of $194.64 billion, a P/E ratio of 25.90, a price-to-earnings-growth ratio of 3.58 and a beta of 0.46. PepsiCo, Inc. has a 1-year low of $127.60 and a 1-year high of $177.50. The company has a fifty day simple moving average of $144.79 and a 200 day simple moving average of $139.90. The company has a current ratio of 0.78, a quick ratio of 0.60 and a debt-to-equity ratio of 2.12.

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

PepsiCo Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 30th. Stockholders of record on Friday, September 5th will be paid 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 4.0%. PepsiCo's payout ratio is currently 103.64%.

PepsiCo 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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