Stokes Capital Advisors LLC Reduces Stock Holdings in PepsiCo, Inc. $PEP

Key Points

• Stokes Capital Advisors LLC reduced its holdings in PepsiCo, Inc. by 11.6% in Q2, selling 4,867 shares and retaining 37,244 shares worth approximately $4.9 million.
• PepsiCo's recent quarterly earnings report showed a profit of $2.12 earnings per share, surpassing estimates, alongside quarterly revenue of $22.73 billion.
• The company announced a quarterly dividend of $1.4225 to be paid on September 30th, with an annualized yield of 4.1% as of the last reported date.

Stokes Capital Advisors LLC trimmed its stake in PepsiCo, Inc. (NASDAQ:PEP - Free Report) by 11.6% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 37,244 shares of the company's stock after selling 4,867 shares during the quarter. Stokes Capital Advisors LLC's holdings in PepsiCo were worth $4,918,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Nuveen LLC bought a new position in shares of PepsiCo during the 1st quarter worth about $946,978,000. GAMMA Investing LLC increased its stake in shares of PepsiCo by 19,106.5% in the 1st quarter. GAMMA Investing LLC now owns 4,588,614 shares of the company's stock valued at $688,017,000 after acquiring an additional 4,564,723 shares during the last quarter. Assenagon Asset Management S.A. increased its stake in shares of PepsiCo by 106.1% in the 1st quarter. Assenagon Asset Management S.A. now owns 3,514,965 shares of the company's stock valued at $527,034,000 after acquiring an additional 1,809,391 shares during the last quarter. Vanguard Group Inc. increased its stake in PepsiCo by 1.4% during the 1st quarter. Vanguard Group Inc. now owns 135,174,252 shares of the company's stock worth $20,268,027,000 after purchasing an additional 1,802,748 shares in the last quarter. Finally, Universal Beteiligungs und Servicegesellschaft mbH acquired a new position in PepsiCo during the 4th quarter worth approximately $221,297,000. Institutional investors and hedge funds own 73.07% of the company's stock.

PepsiCo Stock Up 0.7%

Shares of PEP traded up $1.03 on Friday, reaching $141.76. The stock had a trading volume of 12,355,480 shares, compared to its average volume of 8,484,555. The firm has a market capitalization of $194.08 billion, a price-to-earnings ratio of 25.82, a price-to-earnings-growth ratio of 3.57 and a beta of 0.46. 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 company has a 50-day simple moving average of $144.39 and a 200-day simple moving average of $140.16. 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 announced its quarterly earnings data on Thursday, July 17th. The company reported $2.12 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $2.03 by $0.09. PepsiCo had a return on equity of 57.81% and a net margin of 8.23%.The business had revenue of $22.73 billion during the quarter, compared to analysts' expectations of $22.28 billion. During the same quarter in the previous year, the business earned $2.28 earnings per share. 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. Sell-side analysts predict that PepsiCo, Inc. will post 8.3 EPS for the current year.

PepsiCo Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, September 30th. Investors of record on Friday, September 5th will be paid a dividend of $1.4225 per share. The ex-dividend date of this dividend is Friday, September 5th. This represents a $5.69 dividend on an annualized basis and a yield of 4.0%. PepsiCo's dividend payout ratio is presently 103.64%.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on PEP shares. Wells Fargo & Company increased their price target on PepsiCo from $140.00 to $154.00 and gave the company an "equal weight" rating in a research note on Friday, July 18th. Bank of America reduced their price objective on PepsiCo from $150.00 to $145.00 and set a "neutral" rating on the stock in a research note on Friday, July 11th. Barclays lifted their price target on PepsiCo from $132.00 to $144.00 and gave the company an "equal weight" rating in a research note on Monday, July 21st. Deutsche Bank Aktiengesellschaft reaffirmed a "buy" rating on shares of PepsiCo in a research note on Thursday, July 17th. Finally, Cowen restated a "hold" rating on shares of PepsiCo in a report on Thursday, July 17th. Four research analysts have rated the stock with a Buy rating, fourteen have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of "Hold" and an average price target of $158.60.

PepsiCo 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.