Precedent Wealth Partners LLC Sells 7,191 Shares of PepsiCo, Inc. $PEP

Precedent Wealth Partners LLC lessened its position in shares of PepsiCo, Inc. (NASDAQ:PEP - Free Report) by 70.9% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 2,951 shares of the company's stock after selling 7,191 shares during the period. Precedent Wealth Partners LLC's holdings in PepsiCo were worth $390,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. Nova Wealth Management Inc. purchased a new stake in PepsiCo during the 1st quarter valued at $25,000. Elite Financial Inc. bought a new position in shares of PepsiCo in the 1st quarter worth about $28,000. Legend Financial Advisors Inc. bought a new position in shares of PepsiCo in the 2nd quarter worth about $29,000. Investment Research & Advisory Group Inc. increased its stake in PepsiCo by 263.6% during the 2nd quarter. Investment Research & Advisory Group Inc. now owns 320 shares of the company's stock valued at $42,000 after purchasing an additional 232 shares in the last quarter. Finally, MorganRosel Wealth Management LLC bought a new stake in PepsiCo during the 1st quarter valued at about $55,000. Institutional investors own 73.07% of the company's stock.

PepsiCo Price Performance

PepsiCo stock opened at $141.98 on Friday. The company's fifty day moving average price is $144.36 and its 200 day moving average price is $139.45. The company has a debt-to-equity ratio of 2.12, a quick ratio of 0.60 and a current ratio of 0.78. The stock has a market capitalization of $194.38 billion, a P/E ratio of 25.86, a P/E/G ratio of 3.59 and a beta of 0.46. 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 posted its quarterly earnings results on Thursday, July 17th. The company reported $2.12 EPS for the quarter, topping the consensus estimate of $2.03 by $0.09. The business had revenue of $22.73 billion for the quarter, compared to analyst estimates 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% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $2.28 EPS. PepsiCo has set its FY 2025 guidance at 8.038-8.038 EPS. As a group, equities research analysts anticipate that PepsiCo, Inc. will post 8.3 earnings per share for the current fiscal year.

PepsiCo Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, September 30th. Stockholders of record on Friday, September 5th were paid a dividend of $1.4225 per share. This represents a $5.69 annualized dividend and a dividend yield of 4.0%. The ex-dividend date was Friday, September 5th. PepsiCo's dividend payout ratio is 103.64%.

Analyst Ratings Changes

A number of equities analysts recently issued reports on PEP shares. Barclays reissued a "cautious" rating on shares of PepsiCo in a report on Friday. Cowen reiterated a "hold" rating on shares of PepsiCo in a research report on Thursday, July 17th. UBS Group reduced their price objective on shares of PepsiCo from $175.00 to $170.00 and set a "buy" rating on the stock in a research report on Thursday, September 11th. Weiss Ratings restated a "hold (c-)" rating on shares of PepsiCo in a research report on Saturday, September 27th. Finally, JPMorgan Chase & Co. cut their price objective on shares of PepsiCo from $150.00 to $139.00 and set a "neutral" rating on the stock in a research report on Thursday, July 10th. Four analysts have rated the stock with a Buy rating, fourteen have issued a Hold rating and two have assigned a Sell rating to the company's stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus target price of $157.87.

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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