Strategic Financial Services Inc. Sells 4,170 Shares of PepsiCo, Inc. $PEP

Key Points

• Strategic Financial Services Inc. has reduced its stake in PepsiCo, Inc. by 27.3%, selling 4,170 shares, leaving them with a total of 11,102 shares valued at approximately $1.67 million.
• Multiple institutional investors have increased their positions in PepsiCo, with notable stakes including a 238.5% increase from Acadian Asset Management, resulting in over 1 million shares owned.
• PepsiCo reported Q2 earnings per share of $2.12, surpassing expectations, along with a revenue of $22.73 billion, and recently declared a quarterly dividend of $1.4225 per share.

Strategic Financial Services Inc. trimmed its stake in PepsiCo, Inc. (NASDAQ:PEP - Free Report) by 27.3% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 11,102 shares of the company's stock after selling 4,170 shares during the period. Strategic Financial Services Inc.'s holdings in PepsiCo were worth $1,665,000 at the end of the most recent quarter.

Other large investors have also recently made changes to their positions in the company. Mattson Financial Services LLC grew its stake in PepsiCo by 2,792.0% during the 1st quarter. Mattson Financial Services LLC now owns 6,478 shares of the company's stock worth $971,000 after buying an additional 6,254 shares during the last quarter. WBI Investments LLC grew its stake in PepsiCo by 21.1% during the 1st quarter. WBI Investments LLC now owns 6,428 shares of the company's stock worth $964,000 after buying an additional 1,119 shares during the last quarter. McAdam LLC grew its stake in PepsiCo by 29.6% during the 1st quarter. McAdam LLC now owns 3,000 shares of the company's stock worth $450,000 after buying an additional 686 shares during the last quarter. Acadian Asset Management LLC grew its stake in PepsiCo by 238.5% during the 1st quarter. Acadian Asset Management LLC now owns 1,077,166 shares of the company's stock worth $161,486,000 after buying an additional 758,990 shares during the last quarter. Finally, Blue Rock Wealth Management LLC purchased a new position in PepsiCo during the 1st quarter worth $326,000. 73.07% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several research analysts recently weighed in on PEP shares. Cowen restated a "hold" rating on shares of PepsiCo in a research note on Thursday, July 17th. JPMorgan Chase & Co. dropped their target price on PepsiCo from $150.00 to $139.00 and set a "neutral" rating on the stock in a research note on Thursday, July 10th. Royal Bank Of Canada restated a "sector perform" rating and set a $146.00 target price on shares of PepsiCo in a research note on Wednesday, September 3rd. Citigroup boosted their price target on PepsiCo from $160.00 to $168.00 and gave the company a "buy" rating in a research note on Friday, July 18th. Finally, 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. Four equities research analysts have rated the stock with a Buy rating, fourteen have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the company currently has an average rating of "Hold" and a consensus price target of $158.60.

PepsiCo Stock Performance

NASDAQ PEP opened at $142.66 on Thursday. The stock has a market capitalization of $195.31 billion, a price-to-earnings ratio of 25.99, a PEG ratio of 3.62 and a beta of 0.46. PepsiCo, Inc. has a twelve month low of $127.60 and a twelve month high of $179.43. 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 stock has a 50-day moving average of $143.47 and a 200 day moving average of $140.75.

PepsiCo (NASDAQ:PEP - Get Free Report) last released its quarterly earnings results on Thursday, July 17th. The company reported $2.12 earnings per share for the quarter, topping analysts' consensus estimates of $2.03 by $0.09. The company had revenue of $22.73 billion during the quarter, compared to analysts' expectations of $22.28 billion. PepsiCo had a return on equity of 57.81% and a net margin of 8.23%.PepsiCo's quarterly revenue was up 1.0% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $2.28 EPS. PepsiCo has set its FY 2025 guidance at 8.038-8.038 EPS. Sell-side analysts anticipate that PepsiCo, Inc. will post 8.3 EPS for the current fiscal year.

PepsiCo Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, September 30th. Investors 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 4.0%. PepsiCo's dividend payout ratio is presently 103.64%.

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.

Want to see what other hedge funds are holding PEP? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for PepsiCo, Inc. (NASDAQ:PEP - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.