Park National Corp OH Has $6.62 Million Stock Position in PepsiCo, Inc. $PEP

Key Points

• Park National Corp OH has cut its stake in PepsiCo, Inc. by 8.0%, owning 50,116 shares worth $6,617,000 at the end of the 2nd quarter.
• Several institutional investors, including Vanguard Group Inc. and Charles Schwab Investment Management Inc., have increased their positions in PepsiCo during the same period.
• PepsiCo's quarterly earnings exceeded analysts' expectations, reporting $2.12 EPS against a consensus estimate of $2.03, with a revenue of $22.73 billion.

Park National Corp OH decreased its holdings in shares of PepsiCo, Inc. (NASDAQ:PEP - Free Report) by 8.0% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 50,116 shares of the company's stock after selling 4,330 shares during the quarter. Park National Corp OH's holdings in PepsiCo were worth $6,617,000 as of its most recent SEC filing.

Several other institutional investors also recently added to or reduced their stakes in PEP. Legacy Financial Group LLC increased its stake in shares of 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 buying an additional 71 shares during the last quarter. Pflug Koory LLC boosted its holdings in shares of PepsiCo by 1.0% during the first quarter. Pflug Koory LLC now owns 7,750 shares of the company's stock valued at $1,162,000 after acquiring an additional 76 shares during the period. Hoge Financial Services LLC lifted its holdings 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 during the period. Members Trust Co raised its position 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 acquiring an additional 77 shares in the last quarter. Finally, Rothschild Investment LLC raised its position in PepsiCo by 0.5% in the first quarter. Rothschild Investment LLC now owns 15,873 shares of the company's stock worth $2,380,000 after acquiring an additional 78 shares in the last quarter. Hedge funds and other institutional investors own 73.07% of the company's stock.

Wall Street Analyst Weigh In

Several equities research analysts have commented on the stock. JPMorgan Chase & Co. dropped their price target on shares of PepsiCo from $150.00 to $139.00 and set a "neutral" rating on the stock in a research report on Thursday, July 10th. Morgan Stanley increased their price objective on PepsiCo from $153.00 to $165.00 and gave the stock an "equal weight" rating in a report on Friday, July 18th. Wells Fargo & Company upped their target price on PepsiCo from $140.00 to $154.00 and gave the stock an "equal weight" rating in a research report on Friday, July 18th. Barclays upped their target price on PepsiCo from $132.00 to $144.00 and gave the stock an "equal weight" rating in a research report on Monday, July 21st. Finally, Deutsche Bank Aktiengesellschaft reaffirmed a "buy" rating on shares of PepsiCo in a research report on Thursday, July 17th. Four equities research analysts have rated the stock with a Buy rating, fourteen have assigned a Hold rating and one has given a Sell rating to the company's stock. According to data from MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus price target of $158.67.

PepsiCo Trading Down 2.0%

PEP traded down $2.89 during midday trading on Monday, reaching $140.64. 7,258,591 shares of the company were exchanged, compared to its average volume of 8,092,407. The company has a debt-to-equity ratio of 2.12, a quick ratio of 0.60 and a current ratio of 0.78. PepsiCo, Inc. has a one year low of $127.60 and a one year high of $179.43. The stock has a market capitalization of $192.55 billion, a P/E ratio of 25.62, a PEG ratio of 3.63 and a beta of 0.46. The stock's 50-day simple moving average is $143.93 and its 200 day simple moving average is $140.35.

PepsiCo (NASDAQ:PEP - Get Free Report) last released 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. PepsiCo had a return on equity of 57.81% and a net margin of 8.23%.The business had revenue of $22.73 billion for the quarter, compared to analysts' expectations of $22.28 billion. During the same quarter in the previous year, the business posted $2.28 EPS. PepsiCo's revenue for the quarter was up 1.0% on a year-over-year basis. PepsiCo has set its FY 2025 guidance at 8.038-8.038 EPS. As a group, analysts forecast that PepsiCo, Inc. will post 8.3 earnings per share for the current fiscal year.

PepsiCo Announces Dividend

The company also recently announced 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 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.