PepsiCo, Inc. $PEP Stock Position Lessened by Nvest Financial LLC

Key Points

• Nvest Financial LLC decreased its holdings in PepsiCo by 19.7% in the second quarter, now owning approximately 1.3% of the company's stock, valued at about $2.49 million.
• Multiple institutional investors have modified their PepsiCo holdings recently, with Investment Research & Advisory Group Inc. increasing its stake by 263.6% in the second quarter.
• PepsiCo's recent earnings report revealed an EPS of $2.29, slightly above analysts' expectations, with a revenue of $23.94 billion, marking a 2.7% increase year-over-year.

Nvest Financial LLC decreased its holdings in PepsiCo, Inc. (NASDAQ:PEP - Free Report) by 19.7% in the 2nd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 18,826 shares of the company's stock after selling 4,632 shares during the quarter. PepsiCo accounts for approximately 1.3% of Nvest Financial LLC's holdings, making the stock its 26th largest position. Nvest Financial LLC's holdings in PepsiCo were worth $2,486,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently modified their holdings of PEP. Nova Wealth Management Inc. bought a new position in PepsiCo during the first quarter valued at about $25,000. Elite Financial Inc. bought a new position in PepsiCo during the first quarter valued at about $28,000. Legend Financial Advisors Inc. bought a new position in PepsiCo during the second quarter valued at about $29,000. Frazier Financial Advisors LLC boosted its stake in PepsiCo by 85.3% during the second quarter. Frazier Financial Advisors LLC now owns 265 shares of the company's stock valued at $35,000 after buying an additional 122 shares in the last quarter. Finally, Investment Research & Advisory Group Inc. boosted its stake in PepsiCo by 263.6% during the second quarter. Investment Research & Advisory Group Inc. now owns 320 shares of the company's stock valued at $42,000 after buying an additional 232 shares in the last quarter. Institutional investors own 73.07% of the company's stock.

Wall Street Analyst Weigh In

PEP has been the subject of several research reports. Morgan Stanley raised 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. Jefferies Financial Group raised their target price on PepsiCo from $161.00 to $163.00 and gave the company a "hold" rating in a research note on Friday, October 10th. UBS Group decreased their price target on PepsiCo from $175.00 to $170.00 and set a "buy" rating for the company in a research report on Thursday, September 11th. BNP Paribas Exane decreased their price target on PepsiCo from $152.00 to $150.00 and set a "neutral" rating for the company in a research report on Monday, October 6th. Finally, Citigroup decreased their price target on PepsiCo from $168.00 to $165.00 and set a "buy" rating for the company in a research report on Thursday, September 25th. Six analysts have rated the stock with a Buy rating, fourteen have given a Hold rating and one has assigned a Sell rating to the company's stock. Based on data from MarketBeat.com, PepsiCo has a consensus rating of "Hold" and an average target price of $156.00.

PepsiCo Stock Down 0.3%

Shares of PepsiCo stock opened at $151.16 on Thursday. The stock has a 50-day moving average price of $145.17 and a 200 day moving average price of $139.35. The company has a market cap of $206.69 billion, a P/E ratio of 28.74, a P/E/G ratio of 3.69 and a beta of 0.46. The company has a current ratio of 0.91, a quick ratio of 0.72 and a debt-to-equity ratio of 2.26. PepsiCo, Inc. has a 1 year low of $127.60 and a 1 year high of $177.50.

PepsiCo (NASDAQ:PEP - Get Free Report) last announced its quarterly earnings data on Thursday, October 9th. The company reported $2.29 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.26 by $0.03. The firm had revenue of $23.94 billion during the quarter, compared to the consensus estimate of $23.91 billion. PepsiCo had a return on equity of 57.58% and a net margin of 7.82%.The business's revenue for the quarter was up 2.7% on a year-over-year basis. During the same period in the prior year, the business earned $2.31 EPS. PepsiCo has set its FY 2025 guidance at 8.120-8.120 EPS. As a group, analysts expect that PepsiCo, Inc. will post 8.3 EPS for the current fiscal year.

PepsiCo Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, September 30th. Investors of record on Friday, September 5th were paid a $1.4225 dividend. This represents a $5.69 annualized dividend and a yield of 3.8%. The ex-dividend date of this dividend was Friday, September 5th. PepsiCo's dividend payout ratio is currently 108.17%.

PepsiCo Company 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.

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