Jump Financial LLC Sells 2,172 Shares of PepsiCo, Inc. $PEP

Key Points

• Jump Financial LLC reduced its stake in PepsiCo, Inc. by 17.7%, now holding 10,100 shares valued at approximately $1.51 million.
• PepsiCo's stock currently has a consensus rating of "Hold" and a price target of $158.73, with fourteen analysts rating it as Hold and four as Buy.
• The company announced a quarterly dividend of $1.4225 per share, with an annualized yield of 3.9%.

Jump Financial LLC lessened its holdings in PepsiCo, Inc. (NASDAQ:PEP - Free Report) by 17.7% during the first quarter, according to the company in its most recent disclosure with the SEC. The firm owned 10,100 shares of the company's stock after selling 2,172 shares during the quarter. Jump Financial LLC's holdings in PepsiCo were worth $1,514,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Brighton Jones LLC grew its holdings in shares of PepsiCo by 12.4% during the fourth quarter. Brighton Jones LLC now owns 59,392 shares of the company's stock valued at $9,031,000 after buying an additional 6,574 shares during the last quarter. Bank Pictet & Cie Europe AG grew its holdings in shares of PepsiCo by 2.5% during the fourth quarter. Bank Pictet & Cie Europe AG now owns 470,387 shares of the company's stock valued at $71,527,000 after buying an additional 11,538 shares during the last quarter. Susquehanna Fundamental Investments LLC purchased a new stake in shares of PepsiCo during the fourth quarter valued at approximately $669,000. Schonfeld Strategic Advisors LLC grew its holdings in shares of PepsiCo by 203.3% during the fourth quarter. Schonfeld Strategic Advisors LLC now owns 40,185 shares of the company's stock valued at $6,111,000 after buying an additional 26,935 shares during the last quarter. Finally, Sulzberger Capital Advisors Inc. purchased a new stake in shares of PepsiCo during the fourth quarter valued at approximately $433,000. Hedge funds and other institutional investors own 73.07% of the company's stock.

Wall Street Analyst Weigh In

PEP has been the topic of a number of recent analyst reports. Deutsche Bank Aktiengesellschaft reiterated a "buy" rating on shares of PepsiCo in a report on Thursday, July 17th. Citigroup increased their price objective on shares of PepsiCo from $160.00 to $168.00 and gave the company a "buy" rating in a research report on Friday, July 18th. Bank of America lowered their price objective on shares of PepsiCo from $150.00 to $145.00 and set a "neutral" rating on the stock in a research report on Friday, July 11th. Dbs Bank downgraded shares of PepsiCo from a "strong-buy" rating to a "hold" rating in a research report on Friday, May 9th. Finally, Barclays increased their price objective on shares of PepsiCo from $132.00 to $144.00 and gave the company an "equal weight" rating in a research report on Monday, July 21st. Four investment analysts have rated the stock with a Buy rating, fourteen have assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus target price of $158.73.

PepsiCo Stock Performance

PEP traded up $1.67 during trading on Monday, hitting $148.65. The company's stock had a trading volume of 7,757,444 shares, compared to its average volume of 7,707,316. 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, Inc. has a one year low of $127.60 and a one year high of $179.73. The firm has a market cap of $203.51 billion, a PE ratio of 27.08, a P/E/G ratio of 3.96 and a beta of 0.46. The business's 50 day simple moving average is $141.13 and its 200-day simple moving average is $140.70.

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

PepsiCo Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 30th. Stockholders 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 3.8%. The ex-dividend date is Friday, September 5th. PepsiCo's dividend payout ratio (DPR) is presently 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.