Scott & Selber Inc. Sells 9,696 Shares of PepsiCo, Inc. $PEP

Key Points

• Scott & Selber Inc. has reduced its holdings in PepsiCo, Inc. by 83.3%, selling 9,696 shares and leaving it with 1,950 shares valued at $258,000.
• PepsiCo's recent earnings report showed an EPS of $2.12, exceeding estimates, with revenue of $22.73 billion indicating a 1.0% increase year-over-year.
• The company announced a quarterly dividend of $1.4225 per share, translating to an annualized yield of 4.1%, despite a payout ratio of 103.64%.

Scott & Selber Inc. reduced its holdings in shares of PepsiCo, Inc. (NASDAQ:PEP - Free Report) by 83.3% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 1,950 shares of the company's stock after selling 9,696 shares during the quarter. Scott & Selber Inc.'s holdings in PepsiCo were worth $258,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. Nova Wealth Management Inc. bought a new position in PepsiCo in the 1st quarter valued at about $25,000. Elite Financial Inc. acquired a new stake in PepsiCo during the 1st quarter worth approximately $28,000. Legend Financial Advisors Inc. bought a new stake in PepsiCo in the 2nd quarter valued at $29,000. MorganRosel Wealth Management LLC bought a new position in PepsiCo during the 1st quarter worth $55,000. Finally, Migdal Insurance & Financial Holdings Ltd. acquired a new stake in shares of PepsiCo during the first quarter worth $58,000. Institutional investors own 73.07% of the company's stock.

Analysts Set New Price Targets

Several research firms recently commented on PEP. Wells Fargo & Company decreased their price target on shares of PepsiCo from $154.00 to $150.00 and set an "equal weight" rating on the stock in a research note on Thursday. Deutsche Bank Aktiengesellschaft restated a "buy" rating on shares of PepsiCo in a research report on Thursday, July 17th. Morgan Stanley boosted their price target on PepsiCo from $153.00 to $165.00 and gave the company an "equal weight" rating in a research note on Friday, July 18th. Citigroup reduced their price target on PepsiCo from $168.00 to $165.00 and set a "buy" rating on the stock in a research report on Thursday. Finally, Royal Bank Of Canada dropped their price objective on PepsiCo from $146.00 to $145.00 and set a "sector perform" rating for the company in a report on Monday, September 15th. Four 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 company's stock. Based on data from MarketBeat.com, the company has a consensus rating of "Hold" and an average target price of $158.13.

PepsiCo Stock Up 0.4%

PEP stock opened at $140.44 on Monday. The stock has a market capitalization of $192.27 billion, a P/E ratio of 25.58, a price-to-earnings-growth ratio of 3.54 and a beta of 0.46. The company has a current ratio of 0.78, a quick ratio of 0.60 and a debt-to-equity ratio of 2.12. The firm has a 50-day moving average price of $144.63 and a 200-day moving average price of $139.59. PepsiCo, Inc. has a 12 month low of $127.60 and a 12 month high of $177.50.

PepsiCo (NASDAQ:PEP - Get Free Report) last released its quarterly earnings data on Thursday, July 17th. The company reported $2.12 earnings per share (EPS) for the quarter, topping 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 business had revenue of $22.73 billion during the quarter, compared to analysts' expectations of $22.28 billion. During the same period in the prior year, the company earned $2.28 EPS. The firm'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. As a group, equities research analysts anticipate that PepsiCo, Inc. will post 8.3 EPS for the current fiscal year.

PepsiCo Announces Dividend

The company also recently disclosed 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. The ex-dividend date is Friday, September 5th. This represents a $5.69 dividend on an annualized basis and a yield of 4.1%. PepsiCo's payout ratio is currently 103.64%.

About PepsiCo

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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