Pittenger & Anderson Inc. Decreases Stake in PepsiCo, Inc. $PEP

Key Points

• Pittenger & Anderson Inc. reduced its stake in PepsiCo, Inc. by 64.8% in the second quarter, leaving them with 4,265 shares worth approximately $563,000.
• PepsiCo reported a quarterly earnings per share of $2.29, surpassing estimates and showing a 2.7% year-over-year revenue increase.
• PepsiCo's most recent quarterly dividend was $1.4225 per share, resulting in an annualized yield of 3.7%.

Pittenger & Anderson Inc. decreased its position in PepsiCo, Inc. (NASDAQ:PEP - Free Report) by 64.8% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 4,265 shares of the company's stock after selling 7,839 shares during the period. Pittenger & Anderson Inc.'s holdings in PepsiCo were worth $563,000 as of its most recent filing with the SEC.

Several other large investors also recently modified their holdings of the stock. Claris Advisors LLC MO boosted its holdings in PepsiCo by 14.1% in the 2nd quarter. Claris Advisors LLC MO now owns 2,490 shares of the company's stock valued at $329,000 after purchasing an additional 308 shares during the period. Foster Group Inc. boosted its holdings in PepsiCo by 4.6% in the 2nd quarter. Foster Group Inc. now owns 5,169 shares of the company's stock valued at $683,000 after purchasing an additional 229 shares during the period. Asset Management One Co. Ltd. boosted its holdings in PepsiCo by 3.6% in the 1st quarter. Asset Management One Co. Ltd. now owns 630,906 shares of the company's stock valued at $94,598,000 after purchasing an additional 21,859 shares during the period. Ignite Planners LLC boosted its holdings in PepsiCo by 4.2% in the 1st quarter. Ignite Planners LLC now owns 3,773 shares of the company's stock valued at $566,000 after purchasing an additional 151 shares during the period. Finally, Merit Financial Group LLC boosted its holdings in PepsiCo by 46.4% in the 2nd quarter. Merit Financial Group LLC now owns 114,344 shares of the company's stock valued at $15,098,000 after purchasing an additional 36,239 shares during the period. Hedge funds and other institutional investors own 73.07% of the company's stock.

PepsiCo Stock Performance

PepsiCo stock opened at $153.18 on Wednesday. The company has a quick ratio of 0.72, a current ratio of 0.91 and a debt-to-equity ratio of 2.26. The company has a market capitalization of $209.45 billion, a PE ratio of 29.12, a P/E/G ratio of 3.74 and a beta of 0.46. The firm has a fifty day simple moving average of $145.82 and a two-hundred day simple moving average of $139.39. PepsiCo, Inc. has a twelve month low of $127.60 and a twelve month high of $174.95.

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

PepsiCo Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, September 30th. Shareholders of record on Friday, September 5th were paid a $1.4225 dividend. The ex-dividend date of this dividend was Friday, September 5th. This represents a $5.69 annualized dividend and a yield of 3.7%. PepsiCo's payout ratio is currently 108.17%.

Analyst Ratings Changes

Several research analysts have commented on PEP shares. Weiss Ratings reissued a "hold (c)" rating on shares of PepsiCo in a report on Tuesday, October 14th. Piper Sandler lifted their price objective on shares of PepsiCo from $160.00 to $162.00 and gave the stock an "overweight" rating in a report on Friday, October 10th. Morgan Stanley lifted their price objective 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. Royal Bank Of Canada dropped their price objective on shares of PepsiCo from $146.00 to $145.00 and set a "sector perform" rating for the company in a report on Monday, September 15th. Finally, BNP Paribas Exane dropped their price objective on shares of PepsiCo from $152.00 to $150.00 and set a "neutral" rating for the company in a report on Monday, October 6th. Seven investment analysts have rated the stock with a Buy rating, fourteen have issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the company currently has an average rating of "Hold" and a consensus price target of $156.58.

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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