Stack Financial Management Inc Lowers Holdings in PepsiCo, Inc. $PEP

Key Points

• Stack Financial Management Inc reduced its holdings in PepsiCo, Inc. by 1.6%, owning 118,499 shares worth $15,647,000 after selling 1,928 shares in the second quarter.
• PepsiCo reported a quarterly EPS of $2.29, beating estimates and generating $23.94 billion in revenue, up 2.7% year-over-year.
• The company announced a quarterly dividend of $1.4225 per share, yielding 3.8%, with a payout ratio of 108.17%.

Stack Financial Management Inc trimmed its position in PepsiCo, Inc. (NASDAQ:PEP - Free Report) by 1.6% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 118,499 shares of the company's stock after selling 1,928 shares during the period. Stack Financial Management Inc's holdings in PepsiCo were worth $15,647,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of PEP. Brighton Jones LLC lifted its holdings in PepsiCo by 12.4% in the fourth quarter. Brighton Jones LLC now owns 59,392 shares of the company's stock valued at $9,031,000 after acquiring an additional 6,574 shares during the period. GAMMA Investing LLC lifted its holdings in PepsiCo by 28.1% in the first quarter. GAMMA Investing LLC now owns 30,603 shares of the company's stock valued at $4,589,000 after acquiring an additional 6,712 shares during the period. Opal Wealth Advisors LLC acquired a new stake in PepsiCo in the first quarter valued at $121,000. Missouri Trust & Investment Co lifted its holdings in PepsiCo by 20.8% in the first quarter. Missouri Trust & Investment Co now owns 8,762 shares of the company's stock valued at $1,314,000 after acquiring an additional 1,507 shares during the period. Finally, Tcfg Wealth Management LLC lifted its holdings in PepsiCo by 115.7% in the first quarter. Tcfg Wealth Management LLC now owns 4,180 shares of the company's stock valued at $627,000 after acquiring an additional 2,242 shares during the period. 73.07% of the stock is currently owned by hedge funds and other institutional investors.

PepsiCo Trading Up 3.7%

Shares of PEP stock opened at $150.08 on Monday. The company has a current ratio of 0.91, a quick ratio of 0.72 and a debt-to-equity ratio of 2.26. The company has a market capitalization of $205.47 billion, a price-to-earnings ratio of 28.53, a PEG ratio of 3.75 and a beta of 0.46. The firm has a 50-day moving average price of $144.53 and a 200 day moving average price of $139.19. PepsiCo, Inc. has a twelve month low of $127.60 and a twelve month high of $177.50.

PepsiCo (NASDAQ:PEP - Get Free Report) last posted its quarterly earnings results on Thursday, October 9th. The company reported $2.29 EPS for the quarter, beating the consensus estimate of $2.26 by $0.03. The company had revenue of $23.94 billion during the quarter, compared to analysts' expectations of $23.91 billion. PepsiCo had a return on equity of 57.58% and a net margin of 7.82%.The firm's revenue was up 2.7% on a year-over-year basis. During the same quarter in the previous year, the business earned $2.31 EPS. 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 fiscal year.

PepsiCo Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, September 30th. Stockholders of record on Friday, September 5th were issued a dividend of $1.4225 per share. The ex-dividend date was Friday, September 5th. This represents a $5.69 dividend on an annualized basis and a dividend yield of 3.8%. PepsiCo's payout ratio is presently 108.17%.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on PEP shares. Royal Bank Of Canada reduced their target price on PepsiCo from $146.00 to $145.00 and set a "sector perform" rating for the company in a report on Monday, September 15th. UBS Group cut their price target on PepsiCo from $175.00 to $170.00 and set a "buy" rating for the company in a research note on Thursday, September 11th. Deutsche Bank Aktiengesellschaft restated a "buy" rating on shares of PepsiCo in a report on Thursday, July 17th. Piper Sandler raised their target price on shares of PepsiCo from $160.00 to $162.00 and gave the company an "overweight" rating in a report on Friday. Finally, Morgan Stanley raised their target price on shares of PepsiCo from $153.00 to $165.00 and gave the company an "equal weight" rating in a report on Friday, July 18th. Five research analysts have rated the stock with a Buy rating and fourteen have issued a Hold rating to the company. According to MarketBeat, the company presently has an average rating of "Hold" and an average target price of $157.75.

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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