Procyon Advisors LLC Sells 3,068 Shares of PepsiCo, Inc. $PEP

Key Points

• Procyon Advisors LLC reduced its stake in PepsiCo, Inc. by 11.5%, selling 3,068 shares and ending the quarter with 23,516 shares valued at approximately $3.1 million.
• PepsiCo reported a net margin of 8.23% and earnings per share of $2.12 for the last quarter, surpassing analysts' expectations, with revenue reaching $22.73 billion.
• The company announced a quarterly dividend of $1.4225 per share, with a yield of 4.1%, despite a dividend payout ratio of 103.64%.

Procyon Advisors LLC decreased its holdings in shares of PepsiCo, Inc. (NASDAQ:PEP - Free Report) by 11.5% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 23,516 shares of the company's stock after selling 3,068 shares during the quarter. Procyon Advisors LLC's holdings in PepsiCo were worth $3,105,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also bought and sold shares of the company. Nova Wealth Management Inc. bought a new position in shares of PepsiCo in the first quarter worth $25,000. Elite Financial Inc. bought a new position in shares of PepsiCo in the first quarter worth $28,000. Sunbeam Capital Management LLC bought a new position in shares of PepsiCo in the fourth quarter worth $47,000. MorganRosel Wealth Management LLC bought a new position in shares of PepsiCo in the first quarter worth $55,000. Finally, Migdal Insurance & Financial Holdings Ltd. bought a new position in shares of PepsiCo in the first quarter worth $58,000. Institutional investors own 73.07% of the company's stock.

PepsiCo Stock Performance

NASDAQ PEP opened at $140.03 on Wednesday. The company has a 50-day simple moving average of $144.03 and a two-hundred day simple moving average of $140.35. The company has a quick ratio of 0.60, a current ratio of 0.78 and a debt-to-equity ratio of 2.12. PepsiCo, Inc. has a 12-month low of $127.60 and a 12-month high of $178.09. The firm has a market cap of $191.71 billion, a price-to-earnings ratio of 25.51, a PEG ratio of 3.56 and a beta of 0.46.

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

PepsiCo Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 30th. Shareholders of record on Friday, September 5th will be issued a $1.4225 dividend. The ex-dividend date is Friday, September 5th. This represents a $5.69 annualized dividend and a yield of 4.1%. PepsiCo's dividend payout ratio (DPR) is 103.64%.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on PEP. Bank of America decreased their price target on shares of PepsiCo from $150.00 to $145.00 and set a "neutral" rating on the stock in a report on Friday, July 11th. Morgan Stanley increased their target price on PepsiCo from $153.00 to $165.00 and gave the company an "equal weight" rating in a research note on Friday, July 18th. Royal Bank Of Canada reissued a "sector perform" rating and issued a $146.00 target price on shares of PepsiCo in a research note on Wednesday, September 3rd. Barclays increased their target price on PepsiCo from $132.00 to $144.00 and gave the company an "equal weight" rating in a research note on Monday, July 21st. Finally, Cowen reissued a "hold" rating on shares of PepsiCo in a research note on Thursday, July 17th. Four investment analysts have rated the stock with a Buy rating, fourteen have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus target price of $158.67.

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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