Peterson Wealth Management Has $3.05 Million Holdings in PepsiCo, Inc. $PEP

Key Points

• Peterson Wealth Management cut its position in PepsiCo by 40.4% in the first quarter, reducing its holdings to approximately $3.05 million with 20,348 shares, making PepsiCo its 18th largest position.
• PepsiCo reported $2.12 earnings per share for the quarter, surpassing analyst estimates, and also announced a quarterly dividend of $1.4225 per share with a yield of 3.9%.
• Wells Fargo raised PepsiCo's price target from $140 to $154, while Morgan Stanley increased their target from $153 to $165, showing positive sentiment among analysts.

Peterson Wealth Management cut its position in shares of PepsiCo, Inc. (NASDAQ:PEP - Free Report) by 40.4% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 20,348 shares of the company's stock after selling 13,776 shares during the quarter. PepsiCo comprises about 2.1% of Peterson Wealth Management's holdings, making the stock its 18th largest position. Peterson Wealth Management's holdings in PepsiCo were worth $3,051,000 at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of the company. Legacy Financial Group LLC increased its position in shares of PepsiCo by 4.9% during the first quarter. Legacy Financial Group LLC now owns 1,514 shares of the company's stock worth $227,000 after buying an additional 71 shares during the period. Pflug Koory LLC increased its position in shares of PepsiCo by 1.0% during the first quarter. Pflug Koory LLC now owns 7,750 shares of the company's stock worth $1,162,000 after buying an additional 76 shares during the period. Hoge Financial Services LLC increased its position in shares of PepsiCo by 2.1% during the first quarter. Hoge Financial Services LLC now owns 3,633 shares of the company's stock worth $545,000 after buying an additional 76 shares during the period. Members Trust Co grew its holdings in PepsiCo by 1.3% in the first quarter. Members Trust Co now owns 5,941 shares of the company's stock worth $891,000 after purchasing an additional 77 shares during the period. Finally, Rothschild Investment LLC grew its holdings in PepsiCo by 0.5% in the first quarter. Rothschild Investment LLC now owns 15,873 shares of the company's stock worth $2,380,000 after purchasing an additional 78 shares during the period. 73.07% of the stock is currently owned by institutional investors and hedge funds.

PepsiCo Stock Up 1.1%

PepsiCo stock opened at $144.23 on Friday. PepsiCo, Inc. has a 1-year low of $127.60 and a 1-year high of $179.43. The firm has a market capitalization of $197.46 billion, a price-to-earnings ratio of 26.27, a price-to-earnings-growth ratio of 3.61 and a beta of 0.46. The firm's fifty day moving average price is $143.65 and its two-hundred day moving average price is $140.69. The company has a current ratio of 0.78, a quick ratio of 0.60 and a debt-to-equity ratio of 2.12.

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

PepsiCo Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, September 30th. Investors of record on Friday, September 5th will be given a dividend of $1.4225 per share. This represents a $5.69 dividend on an annualized basis and a dividend yield of 3.9%. The ex-dividend date of this dividend is Friday, September 5th. PepsiCo's dividend payout ratio (DPR) is presently 103.64%.

Analyst Ratings Changes

A number of equities research analysts have commented on PEP shares. Wells Fargo & Company raised their price target on shares of PepsiCo from $140.00 to $154.00 and gave the stock an "equal weight" rating in a report on Friday, July 18th. Deutsche Bank Aktiengesellschaft restated a "buy" rating on shares of PepsiCo in a report on Thursday, July 17th. Morgan Stanley raised their price target on shares of PepsiCo from $153.00 to $165.00 and gave the stock an "equal weight" rating in a report on Friday, July 18th. Cowen restated a "hold" rating on shares of PepsiCo in a report on Thursday, July 17th. Finally, Bank of America reduced their price target on shares of PepsiCo from $150.00 to $145.00 and set a "neutral" rating for the company in a report on Friday, July 11th. Four analysts have rated the stock with a Buy rating, fourteen have assigned a Hold rating and one has issued a Sell rating to the company's stock. Based on data from MarketBeat.com, PepsiCo presently has an average rating of "Hold" and a consensus target price of $158.67.

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.

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