PepsiCo, Inc. $PEP Position Decreased by Berger Financial Group Inc

Key Points

• Berger Financial Group Inc reduced its holdings in PepsiCo by 10.2% in the second quarter, bringing its total shares owned to 44,364 and representing a value of $5,858,000.
• PepsiCo reported quarterly earnings of $2.12 EPS, exceeding analyst estimates, with a revenue of $22.73 billion, marking a 1.0% year-over-year increase.
• The company declared a quarterly dividend of $1.4225, resulting in a 4.0% dividend yield, while maintaining a dividend payout ratio of 103.64%.

Berger Financial Group Inc reduced its holdings in PepsiCo, Inc. (NASDAQ:PEP - Free Report) by 10.2% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 44,364 shares of the company's stock after selling 5,056 shares during the quarter. Berger Financial Group Inc's holdings in PepsiCo were worth $5,858,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in PEP. Dogwood Wealth Management LLC raised its holdings in PepsiCo by 15.4% during the 2nd quarter. Dogwood Wealth Management LLC now owns 539 shares of the company's stock worth $73,000 after buying an additional 72 shares during the period. Centurion Wealth Management LLC increased its position in shares of 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 acquiring an additional 75 shares in the last quarter. SK Wealth Management LLC raised its holdings in shares of PepsiCo by 3.3% during the second quarter. SK Wealth Management LLC now owns 2,375 shares of the company's stock valued at $319,000 after acquiring an additional 75 shares during the period. Pflug Koory LLC lifted its position in shares of PepsiCo by 1.0% in the 1st 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 in the last quarter. Finally, Hoge Financial Services LLC boosted its stake in PepsiCo by 2.1% in the 1st 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. Institutional investors and hedge funds own 73.07% of the company's stock.

PepsiCo Stock Down 0.2%

PEP opened at $141.98 on Friday. The firm has a market cap of $194.38 billion, a P/E ratio of 25.86, a price-to-earnings-growth ratio of 3.58 and a beta of 0.46. 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 business has a 50 day moving average price of $144.36 and a 200 day moving average price of $139.39. PepsiCo, Inc. has a twelve month low of $127.60 and a twelve month high of $177.50.

PepsiCo (NASDAQ:PEP - Get Free Report) last released its quarterly earnings results on Thursday, July 17th. The company reported $2.12 EPS for the quarter, beating 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 for the quarter, compared to analyst estimates of $22.28 billion. During the same quarter last year, the firm posted $2.28 earnings per share. The company'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. Research analysts forecast that PepsiCo, Inc. will post 8.3 EPS for the current year.

PepsiCo Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, September 30th. Stockholders of record on Friday, September 5th were given a $1.4225 dividend. This represents a $5.69 annualized dividend and a dividend yield of 4.0%. The ex-dividend date of this dividend was Friday, September 5th. PepsiCo's dividend payout ratio (DPR) is currently 103.64%.

Analysts Set New Price Targets

Several analysts have issued reports on the stock. Bank of America cut their target price on shares of PepsiCo from $150.00 to $145.00 and set a "neutral" rating on the stock in a research note on Friday, July 11th. Weiss Ratings reissued a "hold (c-)" rating on shares of PepsiCo in a research note on Saturday, September 27th. Cowen restated a "hold" rating on shares of PepsiCo in a research report on Thursday, July 17th. Royal Bank Of Canada dropped their target price on PepsiCo from $146.00 to $145.00 and set a "sector perform" rating on the stock in a report on Monday, September 15th. Finally, Deutsche Bank Aktiengesellschaft restated a "buy" rating on shares of PepsiCo in a report on Thursday, July 17th. Four equities research analysts have rated the stock with a Buy rating, fourteen have given a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus target price of $157.87.

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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