PepsiCo, Inc. $PEP Stock Position Reduced by Trust Co. of Vermont

Key Points

• Trust Co. of Vermont reduced its holdings in PepsiCo, Inc. by 1.5% during the second quarter, now owning 120,099 shares valued at approximately $15.86 million.
• PepsiCo reported earnings of $2.12 per share, exceeding analysts' expectations of $2.03, along with a revenue of $22.73 billion for the quarter.
• The company declared a quarterly dividend of $1.4225, resulting in an annualized dividend yield of 4.1%, with a payout ratio of 103.64%.

Trust Co. of Vermont lessened its position in shares of PepsiCo, Inc. (NASDAQ:PEP - Free Report) by 1.5% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 120,099 shares of the company's stock after selling 1,823 shares during the period. Trust Co. of Vermont's holdings in PepsiCo were worth $15,858,000 as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of the company. Ninety One UK Ltd lifted its holdings in PepsiCo by 0.5% during the 2nd quarter. Ninety One UK Ltd now owns 97,900 shares of the company's stock worth $12,927,000 after buying an additional 491 shares during the last quarter. Impact Capital Partners LLC lifted its holdings in PepsiCo by 1.1% during the 2nd quarter. Impact Capital Partners LLC now owns 8,105 shares of the company's stock worth $1,070,000 after buying an additional 92 shares during the last quarter. PFG Investments LLC lifted its holdings in PepsiCo by 3.5% during the 2nd quarter. PFG Investments LLC now owns 60,789 shares of the company's stock worth $8,027,000 after buying an additional 2,030 shares during the last quarter. Midwest Financial Group LLC lifted its holdings in PepsiCo by 4.0% during the 2nd quarter. Midwest Financial Group LLC now owns 2,798 shares of the company's stock worth $369,000 after buying an additional 108 shares during the last quarter. Finally, Generali Investments CEE investicni spolecnost a.s. lifted its holdings in PepsiCo by 16.2% during the 2nd quarter. Generali Investments CEE investicni spolecnost a.s. now owns 53,003 shares of the company's stock worth $6,999,000 after buying an additional 7,380 shares during the last quarter. Institutional investors own 73.07% of the company's stock.

PepsiCo Stock Performance

Shares of NASDAQ PEP opened at $140.44 on Wednesday. The company has a quick ratio of 0.60, a current ratio of 0.78 and a debt-to-equity ratio of 2.12. The stock has a market capitalization of $192.27 billion, a price-to-earnings ratio of 25.58, a PEG ratio of 3.54 and a beta of 0.46. The stock's fifty day simple moving average is $144.49 and its 200 day simple moving average is $139.54. PepsiCo, Inc. has a 52-week low of $127.60 and a 52-week high of $177.50.

PepsiCo (NASDAQ:PEP - Get Free Report) last issued its 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. The business had revenue of $22.73 billion for the quarter, compared to analysts' expectations of $22.28 billion. PepsiCo had a return on equity of 57.81% and a net margin of 8.23%.The company's quarterly revenue was up 1.0% on a year-over-year basis. During the same period in the previous year, the firm posted $2.28 EPS. PepsiCo has set its FY 2025 guidance at 8.038-8.038 EPS. As a group, sell-side analysts forecast that PepsiCo, Inc. will post 8.3 earnings per share for the current fiscal year.

PepsiCo Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, September 30th. Investors of record on Friday, September 5th were issued a $1.4225 dividend. This represents a $5.69 dividend on an annualized basis and a dividend yield of 4.1%. The ex-dividend date was Friday, September 5th. PepsiCo's payout ratio is presently 103.64%.

Analysts Set New Price Targets

A number of research analysts recently issued reports on the company. Barclays boosted their price objective on PepsiCo from $132.00 to $144.00 and gave the company an "equal weight" rating in a research report on Monday, July 21st. Bank of America reduced their price objective on PepsiCo from $150.00 to $145.00 and set a "neutral" rating for the company in a research report on Friday, July 11th. Wells Fargo & Company reduced their price objective on PepsiCo from $154.00 to $150.00 and set an "equal weight" rating for the company in a research report on Thursday, September 25th. Cowen restated a "hold" rating on shares of PepsiCo in a research report on Thursday, July 17th. Finally, Deutsche Bank Aktiengesellschaft restated a "buy" rating on shares of PepsiCo in a research report on Thursday, July 17th. 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's stock. Based on data from MarketBeat, the stock currently has an average rating of "Hold" and a consensus price target of $158.13.

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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