PepsiCo, Inc. $PEP Holdings Decreased by Plancorp LLC

Key Points

• Plancorp LLC has reduced its stake in PepsiCo, Inc. by 8.5% during the second quarter, now holding 23,896 shares valued at approximately $3.15 million.
• PepsiCo's stock was recently upgraded with Morgan Stanley raising its price target from $153 to $165, while Bank of America decreased it from $150 to $145.
• The company declared a quarterly dividend of $1.4225 per share, reflecting a 4.0% yield and a payout ratio of 103.64%.

Plancorp LLC trimmed its position in PepsiCo, Inc. (NASDAQ:PEP - Free Report) by 8.5% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 23,896 shares of the company's stock after selling 2,206 shares during the quarter. Plancorp LLC's holdings in PepsiCo were worth $3,155,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. Legacy Financial Group LLC grew its stake in PepsiCo by 4.9% during the 1st 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. Centurion Wealth Management LLC grew its stake in PepsiCo by 3.8% during the 2nd quarter. Centurion Wealth Management LLC now owns 2,068 shares of the company's stock worth $273,000 after buying an additional 75 shares during the last quarter. SK Wealth Management LLC grew its stake in PepsiCo by 3.3% during the 2nd quarter. SK Wealth Management LLC now owns 2,375 shares of the company's stock worth $319,000 after buying an additional 75 shares during the last quarter. Pflug Koory LLC boosted its position in PepsiCo by 1.0% during the 1st quarter. Pflug Koory LLC now owns 7,750 shares of the company's stock worth $1,162,000 after acquiring an additional 76 shares during the period. Finally, Hoge Financial Services LLC boosted its position in PepsiCo by 2.1% during the 1st quarter. Hoge Financial Services LLC now owns 3,633 shares of the company's stock worth $545,000 after acquiring an additional 76 shares during the period. 73.07% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

PEP has been the subject of a number of analyst reports. Morgan Stanley boosted their price target on PepsiCo from $153.00 to $165.00 and gave the stock an "equal weight" rating in a research report on Friday, July 18th. Bank of America reduced their price target on PepsiCo from $150.00 to $145.00 and set a "neutral" rating for the company in a research report on Friday, July 11th. Wells Fargo & Company upped their price objective on PepsiCo from $140.00 to $154.00 and gave the company an "equal weight" rating in a report on Friday, July 18th. Royal Bank Of Canada cut their price objective on PepsiCo from $146.00 to $145.00 and set a "sector perform" rating for the company in a report on Monday, September 15th. Finally, Cowen restated a "hold" rating on shares of PepsiCo in a report on Thursday, July 17th. Four research analysts have rated the stock with a Buy rating, fourteen have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the company presently has an average rating of "Hold" and an average price target of $158.60.

PepsiCo Stock Up 0.2%

Shares of PepsiCo stock opened at $142.17 on Thursday. The stock's fifty day moving average is $144.79 and its 200-day moving average is $139.90. The firm has a market capitalization of $194.64 billion, a PE ratio of 25.90, a price-to-earnings-growth ratio of 3.58 and a beta of 0.46. The company has a quick ratio of 0.60, a current ratio of 0.78 and a debt-to-equity ratio of 2.12. 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 announced 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. The company had revenue of $22.73 billion for the quarter, compared to analyst estimates 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 previous year, the firm earned $2.28 earnings per share. PepsiCo has set its FY 2025 guidance at 8.038-8.038 EPS. Equities analysts anticipate that PepsiCo, Inc. will post 8.3 earnings per share for the current year.

PepsiCo Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, September 30th. Investors of record on Friday, September 5th will be given a dividend of $1.4225 per share. This represents a $5.69 annualized dividend and a yield of 4.0%. The ex-dividend date of this dividend is Friday, September 5th. PepsiCo's payout ratio is presently 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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