PepsiCo, Inc. $PEP Shares Sold by Venture Visionary Partners LLC

Key Points

• Venture Visionary Partners LLC cut its PepsiCo stake by 24.7% in the fourth quarter, selling 8,609 shares and leaving it with 26,243 shares worth about $3.84 million.
• PepsiCo posted stronger-than-expected quarterly results, with EPS of $1.61 and revenue of $19.44 billion, both topping Wall Street estimates and reflecting 8.5% year-over-year revenue growth.
• The company raised its quarterly dividend to $1.48 per share from $1.42, implying an annualized payout of $5.92 and a 4.0% yield, even as analysts remain mostly cautious with a consensus rating of Hold.

Venture Visionary Partners LLC decreased its position in shares of PepsiCo, Inc. (NASDAQ:PEP - Free Report) by 24.7% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 26,243 shares of the company's stock after selling 8,609 shares during the period. Venture Visionary Partners LLC's holdings in PepsiCo were worth $3,839,000 as of its most recent SEC filing.

Several other institutional investors also recently added to or reduced their stakes in PEP. Brighton Jones LLC increased its position in PepsiCo by 12.4% during the fourth quarter. Brighton Jones LLC now owns 59,392 shares of the company's stock worth $9,031,000 after buying an additional 6,574 shares during the period. Caxton Associates LLP acquired a new position in PepsiCo during the first quarter worth approximately $251,000. Sivia Capital Partners LLC increased its position in PepsiCo by 138.5% during the second quarter. Sivia Capital Partners LLC now owns 6,527 shares of the company's stock worth $862,000 after buying an additional 3,790 shares during the period. Schnieders Capital Management LLC. increased its position in PepsiCo by 10.1% during the second quarter. Schnieders Capital Management LLC. now owns 38,164 shares of the company's stock worth $5,039,000 after buying an additional 3,502 shares during the period. Finally, Sei Investments Co. increased its position in PepsiCo by 45.5% during the second quarter. Sei Investments Co. now owns 536,133 shares of the company's stock worth $70,789,000 after buying an additional 167,707 shares during the period. Institutional investors and hedge funds own 73.07% of the company's stock.

PepsiCo Trading Up 1.4%

Shares of PEP stock opened at $146.25 on Tuesday. The company has a current ratio of 0.90, a quick ratio of 0.72 and a debt-to-equity ratio of 1.98. PepsiCo, Inc. has a twelve month low of $127.60 and a twelve month high of $171.48. The company has a market capitalization of $199.89 billion, a P/E ratio of 22.96, a price-to-earnings-growth ratio of 2.61 and a beta of 0.35. The business's 50 day moving average is $150.90 and its two-hundred day moving average is $152.42.

PepsiCo (NASDAQ:PEP - Get Free Report) last posted its quarterly earnings results on Wednesday, April 15th. The company reported $1.61 earnings per share for the quarter, beating analysts' consensus estimates of $1.55 by $0.06. PepsiCo had a return on equity of 56.61% and a net margin of 9.15%.The firm had revenue of $19.44 billion for the quarter, compared to the consensus estimate of $18.89 billion. During the same period in the previous year, the business earned $1.48 earnings per share. The company's revenue for the quarter was up 8.5% compared to the same quarter last year. Equities analysts forecast that PepsiCo, Inc. will post 8.63 EPS for the current year.

PepsiCo Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, June 30th. Investors of record on Friday, June 5th will be paid a $1.48 dividend. This represents a $5.92 dividend on an annualized basis and a dividend yield of 4.0%. This is a boost from PepsiCo's previous quarterly dividend of $1.42. The ex-dividend date is Friday, June 5th. PepsiCo's dividend payout ratio (DPR) is presently 92.94%.

Analysts Set New Price Targets

PEP has been the topic of several analyst reports. Weiss Ratings reiterated a "hold (c)" rating on shares of PepsiCo in a research note on Wednesday, April 8th. HSBC lifted their target price on PepsiCo from $175.00 to $176.00 and gave the company a "hold" rating in a research note on Friday, April 17th. The Goldman Sachs Group lifted their target price on PepsiCo from $180.00 to $183.00 and gave the company a "buy" rating in a research note on Friday, April 17th. BNP Paribas Exane lifted their target price on PepsiCo from $191.00 to $195.00 and gave the company an "outperform" rating in a research note on Friday, April 17th. Finally, Wells Fargo & Company lowered their target price on PepsiCo from $160.00 to $150.00 and set an "equal weight" rating on the stock in a research note on Friday, June 5th. Eight research analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, PepsiCo has a consensus rating of "Hold" and a consensus target price of $167.35.

More PepsiCo News

Here are the key news stories impacting PepsiCo this week:

• Positive Sentiment: Unusual options activity showed traders buying far more call options than usual, suggesting some investors are positioning for a rebound in PepsiCo shares.
• Positive Sentiment: PepsiCo continues to draw investor interest as a dividend and defensive large-cap stock, and one article highlighted the company among broader “best stocks to buy” lists.
• Neutral Sentiment: PepsiCo is expanding into newer growth areas, including its House of Treats beverage platform for entertainment and hospitality venues, and a regenerative farming partnership that could support longer-term brand and supply-chain strength.
• Neutral Sentiment: The stock advanced in the latest session but still lagged the broader market, reflecting a mixed near-term backdrop rather than a strong catalyst-driven move.
• Negative Sentiment: Piper Sandler cut its price target on PepsiCo, adding to concerns that growth is slowing and that near-term upside may be limited. PepsiCo (PEP) Price Target Lowered at Piper Sandler. Here is Why
• Negative Sentiment: TD Cowen also lowered its price target and kept a Hold rating, while cutting its second-quarter organic growth forecast below consensus, reinforcing worries about softer sales momentum. PepsiCo (PEP) Gets Mixed Wall Street Reviews as Growth Challenges Persist
• Negative Sentiment: Additional reports noted more analyst price-target reductions for PepsiCo, signaling that Wall Street expectations are moving lower ahead of the next results update. PepsiCo (PEP) Advances But Underperforms Market: Key Facts

PepsiCo Company Profile

PepsiCo, Inc NASDAQ: PEP is a multinational food and beverage company headquartered in Purchase, New York. The company develops, manufactures, markets and sells a broad portfolio of branded food and beverage products, including carbonated and noncarbonated soft drinks, bottled water, sports drinks, juices, ready-to-drink teas and coffees, salty snacks, cereals, and other convenient foods. Its leading consumer brands include Pepsi, Mountain Dew, Gatorade, Tropicana, Quaker, Lay's, Doritos and Cheetos, among others.

Formed through the 1965 merger of Pepsi-Cola and Frito-Lay, PepsiCo has grown into a global business with integrated manufacturing, distribution and marketing operations.

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