Sonora Investment Management Group LLC Has $12.95 Million Stock Holdings in PepsiCo, Inc. $PEP

Key Points

• Sonora Investment Management Group LLC reduced its stake in PepsiCo by 3.6%, holding 98,066 shares valued at approximately $12.95 million at the end of Q2.
• Analyst ratings for PepsiCo are mixed, with four analysts rating it as a "Buy" and fourteen as "Hold," leading to an average price target of $158.13.
• PepsiCo announced a quarterly dividend of $1.4225, which reflects a 4.1% yield, with a dividend payout ratio of 103.64%.

Sonora Investment Management Group LLC decreased its stake in shares of PepsiCo, Inc. (NASDAQ:PEP - Free Report) by 3.6% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 98,066 shares of the company's stock after selling 3,711 shares during the period. Sonora Investment Management Group LLC's holdings in PepsiCo were worth $12,949,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of PEP. Brighton Jones LLC raised its position in PepsiCo by 12.4% in the 4th quarter. Brighton Jones LLC now owns 59,392 shares of the company's stock worth $9,031,000 after purchasing an additional 6,574 shares during the last quarter. Rothschild Investment LLC increased its stake in shares of PepsiCo by 0.5% in the 1st quarter. Rothschild Investment LLC now owns 15,873 shares of the company's stock valued at $2,380,000 after buying an additional 78 shares during the period. BTC Capital Management Inc. raised its position in shares of PepsiCo by 5.0% during the first quarter. BTC Capital Management Inc. now owns 53,989 shares of the company's stock worth $8,096,000 after acquiring an additional 2,587 shares during the last quarter. Somerset Trust Co lifted its stake in shares of PepsiCo by 5.6% during the first quarter. Somerset Trust Co now owns 21,085 shares of the company's stock valued at $3,161,000 after acquiring an additional 1,116 shares during the period. Finally, Winthrop Advisory Group LLC increased its position in PepsiCo by 3.4% in the first quarter. Winthrop Advisory Group LLC now owns 6,117 shares of the company's stock worth $917,000 after purchasing an additional 200 shares during the period. 73.07% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on the stock. Morgan Stanley upped their target price on shares of PepsiCo from $153.00 to $165.00 and gave the company an "equal weight" rating in a research report on Friday, July 18th. Royal Bank Of Canada cut their price objective on shares of PepsiCo from $146.00 to $145.00 and set a "sector perform" rating on the stock in a report on Monday, September 15th. UBS Group lowered their target price on shares of PepsiCo from $175.00 to $170.00 and set a "buy" rating for the company in a report on Thursday, September 11th. Cowen restated a "hold" rating on shares of PepsiCo in a research report on Thursday, July 17th. Finally, Citigroup decreased their price objective on PepsiCo from $168.00 to $165.00 and set a "buy" rating for the company in a research note on Thursday. Four research analysts have rated the stock with a Buy rating, fourteen have assigned a Hold rating and one has issued a Sell rating to the company's stock. According to MarketBeat.com, PepsiCo presently has an average rating of "Hold" and an average price target of $158.13.

PepsiCo Stock Performance

PEP stock opened at $140.44 on Friday. PepsiCo, Inc. has a 1-year low of $127.60 and a 1-year high of $177.50. 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 market cap of $192.27 billion, a PE ratio of 25.58, a P/E/G ratio of 3.54 and a beta of 0.46. The business's 50-day moving average price is $144.63 and its two-hundred day moving average price is $139.65.

PepsiCo (NASDAQ:PEP - Get Free Report) last announced its quarterly earnings results on Thursday, July 17th. The company reported $2.12 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.03 by $0.09. PepsiCo had a return on equity of 57.81% and a net margin of 8.23%.The company had revenue of $22.73 billion during the quarter, compared to the consensus estimate of $22.28 billion. During the same period in the prior year, the company earned $2.28 earnings per share. The company's revenue for the quarter 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, research analysts forecast that PepsiCo, Inc. will post 8.3 earnings per share for the current year.

PepsiCo Dividend Announcement

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