Security National Bank Has $876,000 Stock Holdings in PepsiCo, Inc. $PEP

Key Points

• Security National Bank reduced its stake in PepsiCo by 69.7%, selling 15,285 shares and leaving it with a total of 6,636 shares valued at $876,000.
• PepsiCo reported a quarterly earnings per share of $2.12, exceeding analyst expectations of $2.03, alongside a revenue of $22.73 billion.
• The company recently announced a quarterly dividend of $1.4225 per share, representing a 4.0% dividend yield, and a payout ratio of 103.64%.

Security National Bank trimmed its position in shares of PepsiCo, Inc. (NASDAQ:PEP - Free Report) by 69.7% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 6,636 shares of the company's stock after selling 15,285 shares during the quarter. Security National Bank's holdings in PepsiCo were worth $876,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Nova Wealth Management Inc. purchased a new stake in shares of PepsiCo in the first quarter valued at $25,000. Elite Financial Inc. purchased a new stake in shares of PepsiCo in the first quarter valued at $28,000. Sunbeam Capital Management LLC purchased a new stake in shares of PepsiCo in the fourth quarter valued at $47,000. MorganRosel Wealth Management LLC purchased a new stake in shares of PepsiCo in the first quarter valued at $55,000. Finally, Migdal Insurance & Financial Holdings Ltd. purchased a new stake in shares of PepsiCo in the first quarter valued at $58,000. 73.07% of the stock is currently owned by hedge funds and other institutional investors.

PepsiCo Stock Performance

Shares of NASDAQ PEP traded down $0.54 during mid-day trading on Monday, hitting $141.22. The company had a trading volume of 3,078,240 shares, compared to its average volume of 8,453,473. The firm's 50 day simple moving average is $144.39 and its two-hundred day simple moving average is $139.97. The company has a debt-to-equity ratio of 2.12, a current ratio of 0.78 and a quick ratio of 0.60. The stock has a market cap of $193.34 billion, a price-to-earnings ratio of 25.72, a PEG ratio of 3.58 and a beta of 0.46. PepsiCo, Inc. has a 12 month low of $127.60 and a 12 month high of $177.50.

PepsiCo (NASDAQ:PEP - Get Free Report) last announced its quarterly 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. 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 quarter in the previous year, the firm posted $2.28 EPS. The firm'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, equities research analysts forecast that PepsiCo, Inc. will post 8.3 earnings per share for the current year.

PepsiCo Dividend Announcement

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 4.0%. The ex-dividend date is Friday, September 5th. PepsiCo's payout ratio is presently 103.64%.

Analysts Set New Price Targets

Several analysts have recently issued reports on the company. Morgan Stanley upped their price objective on PepsiCo from $153.00 to $165.00 and gave the company an "equal weight" rating in a research report on Friday, July 18th. Barclays increased their target price on PepsiCo from $132.00 to $144.00 and gave the stock an "equal weight" rating in a research report on Monday, July 21st. Cowen reiterated a "hold" rating on shares of PepsiCo in a research report on Thursday, July 17th. Deutsche Bank Aktiengesellschaft reiterated a "buy" rating on shares of PepsiCo in a research report on Thursday, July 17th. Finally, Citigroup raised their price objective on PepsiCo from $160.00 to $168.00 and gave the stock a "buy" rating in a report on Friday, July 18th. Four research analysts have rated the stock with a Buy rating, fourteen have issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, PepsiCo currently has a consensus rating of "Hold" and a consensus price target of $158.60.

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.