PepsiCo, Inc. $PEP Shares Sold by Ferguson Wellman Capital Management Inc.

Key Points

• Ferguson Wellman Capital Management Inc. reduced its stake in PepsiCo by 3.9% during the second quarter, now holding 47,067 shares valued at approximately $6.2 million.
• PepsiCo's recently announced quarterly dividend of $1.4225 per share represents an annualized dividend of $5.69 and a yield of 4.0%, set to be paid on September 30th.
• Analysts have varied opinions on PepsiCo; with a consensus "Hold" rating, the average price target is $158.60, with some brokerages setting buy ratings and price targets ranging from $145.00 to $168.00.

Ferguson Wellman Capital Management Inc. trimmed its holdings in shares of PepsiCo, Inc. (NASDAQ:PEP - Free Report) by 3.9% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 47,067 shares of the company's stock after selling 1,923 shares during the period. Ferguson Wellman Capital Management Inc.'s holdings in PepsiCo were worth $6,215,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently modified their holdings of the company. Asset Management One Co. Ltd. raised its holdings in shares of PepsiCo by 3.6% during the first quarter. Asset Management One Co. Ltd. now owns 630,906 shares of the company's stock worth $94,598,000 after purchasing an additional 21,859 shares during the period. Ignite Planners LLC grew its stake in PepsiCo by 4.2% during the 1st quarter. Ignite Planners LLC now owns 3,773 shares of the company's stock worth $566,000 after buying an additional 151 shares during the last quarter. Graybill Wealth Management LTD. bought a new position in PepsiCo during the 1st quarter worth $3,633,000. Sumitomo Mitsui DS Asset Management Company Ltd grew its stake in PepsiCo by 2.3% during the 1st quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 270,938 shares of the company's stock worth $40,624,000 after buying an additional 6,112 shares during the last quarter. Finally, Inspire Trust Co. N.A. grew its stake in PepsiCo by 39.2% during the 4th quarter. Inspire Trust Co. N.A. now owns 17,125 shares of the company's stock worth $2,604,000 after buying an additional 4,825 shares during the last quarter. 73.07% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of brokerages recently commented on PEP. Citigroup upped their price objective on PepsiCo from $160.00 to $168.00 and gave the stock a "buy" rating in a research note on Friday, July 18th. Deutsche Bank Aktiengesellschaft reiterated a "buy" rating on shares of PepsiCo in a research report on Thursday, July 17th. Royal Bank Of Canada reduced their price target on PepsiCo from $146.00 to $145.00 and set a "sector perform" rating for the company in a research report on Monday. JPMorgan Chase & Co. reduced their price target on PepsiCo from $150.00 to $139.00 and set a "neutral" rating for the company in a research report on Thursday, July 10th. Finally, Wells Fargo & Company boosted their price target on PepsiCo from $140.00 to $154.00 and gave the stock an "equal weight" rating in a research report on Friday, July 18th. Four analysts have rated the stock with a Buy rating, fourteen have given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, PepsiCo currently has an average rating of "Hold" and a consensus price target of $158.60.

PepsiCo Price Performance

Shares of PEP stock opened at $141.23 on Thursday. The stock has a 50 day moving average of $144.16 and a two-hundred day moving average of $140.36. The company has a current ratio of 0.78, a quick ratio of 0.60 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 $178.06. The company has a market capitalization of $193.36 billion, a P/E ratio of 25.72, a P/E/G ratio of 3.54 and a beta of 0.46.

PepsiCo (NASDAQ:PEP - Get Free Report) last announced its quarterly earnings data on Thursday, July 17th. The company reported $2.12 EPS for the quarter, topping analysts' consensus estimates of $2.03 by $0.09. The company had revenue of $22.73 billion during the quarter, compared to the consensus estimate 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 quarter last year, the company earned $2.28 EPS. PepsiCo has set its FY 2025 guidance at 8.038-8.038 EPS. As a group, equities analysts expect that PepsiCo, Inc. will post 8.3 EPS for the current 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 given a dividend of $1.4225 per share. This represents a $5.69 annualized dividend and a dividend yield of 4.0%. The ex-dividend date is Friday, September 5th. PepsiCo's dividend payout ratio (DPR) is 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.

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