PepsiCo, Inc. $PEP Position Lessened by Cambridge Advisors Inc.

Key Points

• Cambridge Advisors Inc. reduced its stake in PepsiCo, Inc. by 31.5%, resulting in holdings of 4,500 shares valued at approximately $594,000.
• PepsiCo reported earnings of $2.12 per share for the last quarter, exceeding analyst expectations, with a revenue of $22.73 billion, a 1.0% increase year-over-year.
• The company recently announced a quarterly dividend of $1.4225, translating to an annualized dividend of $5.69 at a yield of 4.1%, despite a high payout ratio of 103.64%.

Cambridge Advisors Inc. decreased its stake in PepsiCo, Inc. (NASDAQ:PEP - Free Report) by 31.5% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 4,500 shares of the company's stock after selling 2,070 shares during the period. Cambridge Advisors Inc.'s holdings in PepsiCo were worth $594,000 at the end of the most recent reporting period.

Other hedge funds have also made changes to their positions in the company. Nova Wealth Management Inc. acquired a new stake in PepsiCo in the 1st quarter valued at approximately $25,000. Elite Financial Inc. acquired a new stake in PepsiCo in the 1st quarter valued at approximately $28,000. Legend Financial Advisors Inc. acquired a new stake in PepsiCo in the 2nd quarter valued at approximately $29,000. MorganRosel Wealth Management LLC acquired a new stake in PepsiCo in the 1st quarter valued at approximately $55,000. Finally, Migdal Insurance & Financial Holdings Ltd. acquired a new stake in PepsiCo in the 1st quarter valued at approximately $58,000. Institutional investors own 73.07% of the company's stock.

PepsiCo Stock Performance

Shares of NASDAQ PEP opened at $139.92 on Friday. The company has a quick ratio of 0.60, a current ratio of 0.78 and a debt-to-equity ratio of 2.12. The stock has a market capitalization of $191.56 billion, a price-to-earnings ratio of 25.49, a PEG ratio of 3.59 and a beta of 0.46. The stock's fifty day simple moving average is $144.68 and its 200 day simple moving average is $139.79. PepsiCo, Inc. has a 52-week low of $127.60 and a 52-week high of $177.50.

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

PepsiCo Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, September 30th. Investors of record on Friday, September 5th will be issued a $1.4225 dividend. This represents a $5.69 dividend on an annualized basis and a dividend yield of 4.1%. The ex-dividend date is Friday, September 5th. PepsiCo's payout ratio is presently 103.64%.

Wall Street Analysts Forecast Growth

PEP has been the topic of several analyst reports. Barclays raised their target price on PepsiCo from $132.00 to $144.00 and gave the company an "equal weight" rating in a research report on Monday, July 21st. Royal Bank Of Canada lowered their target price on PepsiCo from $146.00 to $145.00 and set a "sector perform" rating on the stock in a research report on Monday, September 15th. UBS Group lowered their price target on PepsiCo from $175.00 to $170.00 and set a "buy" rating on the stock in a research report on Thursday, September 11th. JPMorgan Chase & Co. lowered their price target on PepsiCo from $150.00 to $139.00 and set a "neutral" rating on the stock in a research report on Thursday, July 10th. Finally, Bank of America lowered their price target on PepsiCo from $150.00 to $145.00 and set a "neutral" rating on the stock in a research report on Friday, July 11th. Four analysts have rated the stock with a Buy rating, fourteen have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus price target of $158.13.

PepsiCo Company 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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