PepsiCo, Inc. $PEP Shares Sold by InvesTrust

Key Points

• InvesTrust has reduced its holdings in PepsiCo by 52.7%, now owning 19,728 shares valued at approximately $2.6 million.
• PepsiCo reported $22.73 billion in revenue for the last quarter, surpassing estimates, alongside earnings per share of $2.12.
• The company announced a quarterly dividend of $1.4225 per share, with a yield of 4.0%, to be paid on September 30th.

InvesTrust lessened its holdings in shares of PepsiCo, Inc. (NASDAQ:PEP - Free Report) by 52.7% in the second quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 19,728 shares of the company's stock after selling 21,969 shares during the quarter. InvesTrust's holdings in PepsiCo were worth $2,605,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Nova Wealth Management Inc. acquired a new stake in PepsiCo during the 1st quarter worth approximately $25,000. Elite Financial Inc. acquired a new stake in PepsiCo in the first quarter valued at approximately $28,000. Sunbeam Capital Management LLC acquired a new stake in PepsiCo in the fourth quarter valued at approximately $47,000. MorganRosel Wealth Management LLC acquired a new stake in PepsiCo in the first quarter valued at approximately $55,000. Finally, Migdal Insurance & Financial Holdings Ltd. acquired a new stake in PepsiCo in the first quarter valued at approximately $58,000. Institutional investors and hedge funds own 73.07% of the company's stock.

PepsiCo Stock Performance

Shares of PEP opened at $143.53 on Friday. The business's fifty day moving average price is $143.81 and its 200 day moving average price is $140.60. PepsiCo, Inc. has a 12-month low of $127.60 and a 12-month high of $179.43. The stock has a market capitalization of $196.50 billion, a PE ratio of 26.14, a price-to-earnings-growth ratio of 3.65 and a beta of 0.46. The company has a debt-to-equity ratio of 2.12, a current ratio of 0.78 and a quick ratio of 0.60.

PepsiCo (NASDAQ:PEP - Get Free Report) last announced its quarterly earnings data on Thursday, July 17th. The company reported $2.12 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.03 by $0.09. PepsiCo had a return on equity of 57.81% and a net margin of 8.23%.The firm had revenue of $22.73 billion for the quarter, compared to analysts' expectations of $22.28 billion. During the same period last year, the business posted $2.28 earnings per share. The firm's revenue for the quarter was up 1.0% on a year-over-year basis. PepsiCo has set its FY 2025 guidance at 8.038-8.038 EPS. Equities research analysts forecast that PepsiCo, Inc. will post 8.3 EPS for the current year.

PepsiCo Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 30th. Investors of record on Friday, September 5th will be paid a dividend of $1.4225 per share. The ex-dividend date is Friday, September 5th. This represents a $5.69 annualized dividend and a yield of 4.0%. PepsiCo's dividend payout ratio (DPR) is 103.64%.

Analyst Ratings Changes

Several brokerages have issued reports on PEP. Royal Bank Of Canada reaffirmed a "sector perform" rating and issued a $146.00 price objective on shares of PepsiCo in a research report on Wednesday, September 3rd. Barclays increased their target price on PepsiCo from $132.00 to $144.00 and gave the company an "equal weight" rating in a research note on Monday, July 21st. Wells Fargo & Company increased their target price on PepsiCo from $140.00 to $154.00 and gave the company an "equal weight" rating in a research note on Friday, July 18th. JPMorgan Chase & Co. reduced their target price on PepsiCo from $150.00 to $139.00 and set a "neutral" rating for the company in a research note on Thursday, July 10th. Finally, Morgan Stanley increased their target price on PepsiCo from $153.00 to $165.00 and gave the company an "equal weight" rating in a research note on Friday, July 18th. Four research analysts have rated the stock with a Buy rating, fourteen have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the company has an average rating of "Hold" and a consensus target price of $158.67.

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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