PepsiCo, Inc. $PEP Shares Sold by Cromwell Holdings LLC

Key Points

• Cromwell Holdings LLC significantly reduced its stake in PepsiCo by 67.4%, now holding 1,075 shares worth $142,000.
• Several hedge funds increased their holdings in PepsiCo, with Dogwood Wealth Management LLC and Centurion Wealth Management LLC raising their positions by 15.4% and 3.8%, respectively.
• PepsiCo reported EPS of $2.12, exceeding estimates, and has declared a quarterly dividend of $1.4225 per share, yielding 4.0% annually.

Cromwell Holdings LLC reduced its position in shares of PepsiCo, Inc. (NASDAQ:PEP - Free Report) by 67.4% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,075 shares of the company's stock after selling 2,218 shares during the period. Cromwell Holdings LLC's holdings in PepsiCo were worth $142,000 at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of PEP. Dogwood Wealth Management LLC raised its holdings in PepsiCo by 15.4% in the second quarter. Dogwood Wealth Management LLC now owns 539 shares of the company's stock valued at $73,000 after buying an additional 72 shares during the period. Centurion Wealth Management LLC raised its holdings in PepsiCo by 3.8% in the second quarter. Centurion Wealth Management LLC now owns 2,068 shares of the company's stock valued at $273,000 after buying an additional 75 shares during the period. SK Wealth Management LLC raised its holdings in PepsiCo by 3.3% in the second quarter. SK Wealth Management LLC now owns 2,375 shares of the company's stock valued at $319,000 after buying an additional 75 shares during the period. Pflug Koory LLC raised its holdings in PepsiCo by 1.0% in the first quarter. Pflug Koory LLC now owns 7,750 shares of the company's stock valued at $1,162,000 after buying an additional 76 shares during the period. Finally, Hoge Financial Services LLC raised its stake in shares of PepsiCo by 2.1% during the first quarter. Hoge Financial Services LLC now owns 3,633 shares of the company's stock valued at $545,000 after purchasing an additional 76 shares during the period. 73.07% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research firms have recently issued reports on PEP. Deutsche Bank Aktiengesellschaft reiterated a "buy" rating on shares of PepsiCo in a research note on Thursday, July 17th. Barclays dropped their price objective on shares of PepsiCo from $144.00 to $140.00 and set an "equal weight" rating on the stock in a research note on Thursday. Wells Fargo & Company dropped their price objective on shares of PepsiCo from $154.00 to $150.00 and set an "equal weight" rating on the stock in a research note on Thursday, September 25th. Royal Bank Of Canada decreased their price target on shares of PepsiCo from $146.00 to $145.00 and set a "sector perform" rating for the company in a research report on Monday, September 15th. Finally, UBS Group decreased their price target on shares of PepsiCo from $175.00 to $170.00 and set a "buy" rating for the company in a research report on Thursday, September 11th. Four investment analysts have rated the stock with a Buy rating, fourteen have issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the stock presently has an average rating of "Hold" and an average price target of $157.87.

PepsiCo Stock Down 0.6%

Shares of PEP stock opened at $142.31 on Friday. PepsiCo, Inc. has a 12 month low of $127.60 and a 12 month high of $177.50. The firm has a market cap of $194.83 billion, a PE ratio of 25.92, a price-to-earnings-growth ratio of 3.61 and a beta of 0.46. The stock has a 50 day moving average of $144.39 and a 200-day moving average of $139.50. 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 (NASDAQ:PEP - Get Free Report) last issued its quarterly earnings results on Thursday, July 17th. The company reported $2.12 EPS for the quarter, topping analysts' consensus estimates of $2.03 by $0.09. PepsiCo had a return on equity of 57.81% and a net margin of 8.23%.The company had revenue of $22.73 billion during the quarter, compared to analyst estimates of $22.28 billion. During the same period in the previous year, the company earned $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. On average, equities analysts predict 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 issued a dividend of $1.4225 per share. The ex-dividend date was Friday, September 5th. This represents a $5.69 dividend on an annualized basis and a dividend yield of 4.0%. PepsiCo's payout ratio is 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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