Praxis Investment Management Inc. Sells 3,730 Shares of PepsiCo, Inc. $PEP

Key Points

• Praxis Investment Management Inc. reduced its stake in PepsiCo by 7.3%, selling 3,730 shares, which brings its total holdings to 47,109 shares valued at approximately $6.22 million.
• PepsiCo reported a quarterly earnings per share (EPS) of $2.29, exceeding expectations, with revenue of $23.94 billion, a 2.7% increase compared to the previous year.
• The company announced a quarterly dividend of $1.4225 per share, resulting in an annual yield of 3.7%, despite a payout ratio exceeding 100%.

Praxis Investment Management Inc. lowered its position in PepsiCo, Inc. (NASDAQ:PEP - Free Report) by 7.3% in the 2nd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 47,109 shares of the company's stock after selling 3,730 shares during the period. Praxis Investment Management Inc.'s holdings in PepsiCo were worth $6,220,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Claris Advisors LLC MO increased its stake in shares of PepsiCo by 14.1% in the 2nd quarter. Claris Advisors LLC MO now owns 2,490 shares of the company's stock worth $329,000 after acquiring an additional 308 shares in the last quarter. Foster Group Inc. increased its stake in shares of PepsiCo by 4.6% during the second quarter. Foster Group Inc. now owns 5,169 shares of the company's stock valued at $683,000 after purchasing an additional 229 shares in the last quarter. Asset Management One Co. Ltd. increased its stake in shares of PepsiCo by 3.6% during the first 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 in the last quarter. Ignite Planners LLC increased its position in PepsiCo by 4.2% during the 1st quarter. Ignite Planners LLC now owns 3,773 shares of the company's stock valued at $566,000 after buying an additional 151 shares in the last quarter. Finally, Merit Financial Group LLC increased its position in PepsiCo by 46.4% during the 2nd quarter. Merit Financial Group LLC now owns 114,344 shares of the company's stock valued at $15,098,000 after buying an additional 36,239 shares in the last quarter. Institutional investors own 73.07% of the company's stock.

PepsiCo Trading Up 1.0%

NASDAQ:PEP opened at $152.67 on Friday. 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 12 month low of $127.60 and a 12 month high of $177.50. The company has a market cap of $208.75 billion, a PE ratio of 29.02, a price-to-earnings-growth ratio of 3.68 and a beta of 0.46. The company has a 50 day simple moving average of $145.34 and a two-hundred day simple moving average of $139.37.

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

PepsiCo Dividend Announcement

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

Analyst Ratings Changes

PEP has been the subject of several analyst reports. The Goldman Sachs Group raised their price target on PepsiCo from $165.00 to $167.00 and gave the company a "buy" rating in a report on Friday, October 10th. Wells Fargo & Company raised their price objective on shares of PepsiCo from $150.00 to $154.00 and gave the company a "positive" rating in a research note on Friday, October 10th. Rothschild & Co Redburn raised their price objective on shares of PepsiCo from $115.00 to $117.00 and gave the company a "sell" rating in a research note on Monday. UBS Group reduced their price target on shares of PepsiCo from $175.00 to $170.00 and set a "buy" rating for the company in a research report on Thursday, September 11th. Finally, Barclays raised their price target on shares of PepsiCo from $140.00 to $142.00 and gave the company an "equal weight" rating in a research report on Friday, October 10th. Six equities research analysts have rated the stock with a Buy rating, fourteen have issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the company has a consensus rating of "Hold" and an average target price of $156.00.

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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