Stone Summit Wealth LLC Lowers Holdings in PepsiCo, Inc. $PEP

Key Points

• Stone Summit Wealth LLC reduced its holdings in PepsiCo by 10.3%, owning 23,573 shares valued at approximately $3.11 million post-sale.
• PepsiCo recently reported better-than-expected Q2 earnings of $2.12 EPS, exceeding analyst estimates of $2.03, alongside a revenue of $22.73 billion.
• The company announced a quarterly dividend of $1.4225, resulting in an annualized dividend of $5.69 and a yield of 4.1%.

Stone Summit Wealth LLC trimmed its position in PepsiCo, Inc. (NASDAQ:PEP - Free Report) by 10.3% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 23,573 shares of the company's stock after selling 2,719 shares during the quarter. Stone Summit Wealth LLC's holdings in PepsiCo were worth $3,113,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. Fort Washington Investment Advisors Inc. OH increased its position in PepsiCo by 1.4% during the 2nd quarter. Fort Washington Investment Advisors Inc. OH now owns 403,330 shares of the company's stock valued at $53,256,000 after buying an additional 5,487 shares in the last quarter. WD Rutherford LLC purchased a new stake in shares of PepsiCo in the second quarter worth about $83,000. Stockman Wealth Management Inc. boosted its stake in shares of PepsiCo by 8.9% in the second quarter. Stockman Wealth Management Inc. now owns 87,298 shares of the company's stock worth $11,527,000 after buying an additional 7,167 shares during the last quarter. Financial Partners Group LLC purchased a new stake in shares of PepsiCo in the second quarter worth about $8,887,000. Finally, Avior Wealth Management LLC boosted its position in PepsiCo by 9.6% during the second quarter. Avior Wealth Management LLC now owns 17,493 shares of the company's stock worth $2,310,000 after purchasing an additional 1,537 shares in the last quarter. 73.07% of the stock is owned by institutional investors.

PepsiCo Price 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 debt-to-equity ratio of 2.12, a quick ratio of 0.60 and a current ratio of 0.78. The stock's 50 day moving average price is $144.63 and its 200 day moving average price is $139.65. The firm has a market cap of $192.27 billion, a P/E ratio of 25.58, a PEG ratio of 3.54 and a beta of 0.46.

PepsiCo (NASDAQ:PEP - Get Free Report) last released its quarterly earnings data on Thursday, July 17th. The company reported $2.12 EPS for the quarter, topping 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 the consensus estimate of $22.28 billion. During the same period in the prior year, the firm posted $2.28 EPS. The business's revenue for the quarter was up 1.0% on a year-over-year basis. PepsiCo has set its FY 2025 guidance at 8.038-8.038 EPS. On average, sell-side analysts expect that PepsiCo, Inc. will post 8.3 earnings per share for the current fiscal year.

PepsiCo Dividend Announcement

The firm also recently announced 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 of this dividend is Friday, September 5th. This represents a $5.69 dividend on an annualized basis and a yield of 4.1%. PepsiCo's dividend payout ratio (DPR) is currently 103.64%.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on PEP. JPMorgan Chase & Co. reduced their target price on PepsiCo from $150.00 to $139.00 and set a "neutral" rating for the company in a report on Thursday, July 10th. Royal Bank Of Canada cut their target price on PepsiCo from $146.00 to $145.00 and set a "sector perform" rating for the company in a research note on Monday, September 15th. Cowen restated a "hold" rating on shares of PepsiCo in a research report on Thursday, July 17th. Bank of America decreased their target price on PepsiCo from $150.00 to $145.00 and set a "neutral" rating for the company in a report on Friday, July 11th. Finally, Deutsche Bank Aktiengesellschaft restated a "buy" 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 issued a Hold rating and one has issued a Sell rating to the company's stock. Based on data from MarketBeat, PepsiCo presently has an average rating of "Hold" and a consensus price target of $158.13.

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.

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