Toth Financial Advisory Corp Reduces Stake in PepsiCo, Inc. $PEP

Key Points

• Toth Financial Advisory Corp has reduced its stake in PepsiCo, Inc. by 10.7%, now holding 52,511 shares valued at $6.93 million.
• PepsiCo has reported earnings of $2.12 per share, surpassing analyst expectations, with quarterly revenues hitting $22.73 billion.
• The company has announced a quarterly dividend of $1.4225 per share, translating to a yield of 4.0% for investors.

Toth Financial Advisory Corp lowered its stake in PepsiCo, Inc. (NASDAQ:PEP - Free Report) by 10.7% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 52,511 shares of the company's stock after selling 6,283 shares during the period. Toth Financial Advisory Corp's holdings in PepsiCo were worth $6,934,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in PEP. Brighton Jones LLC raised its stake in shares of PepsiCo by 12.4% during 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 in the last quarter. Bank Pictet & Cie Europe AG raised its stake in shares of PepsiCo by 2.5% during the fourth quarter. Bank Pictet & Cie Europe AG now owns 470,387 shares of the company's stock valued at $71,527,000 after acquiring an additional 11,538 shares in the last quarter. Fourth Dimension Wealth LLC bought a new stake in shares of PepsiCo during the fourth quarter valued at approximately $95,000. GF Fund Management CO. LTD. bought a new stake in shares of PepsiCo during the fourth quarter valued at approximately $39,539,000. Finally, Cache Advisors LLC bought a new stake in shares of PepsiCo during the fourth quarter valued at approximately $220,000. Hedge funds and other institutional investors own 73.07% of the company's stock.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on PEP. UBS Group decreased their price target on shares of PepsiCo from $175.00 to $170.00 and set a "buy" rating for the company in a research note on Thursday, September 11th. Cowen reissued a "hold" rating on shares of PepsiCo in a research note on Thursday, July 17th. Citigroup boosted their price objective on shares of PepsiCo from $160.00 to $168.00 and gave the stock a "buy" rating in a research note on Friday, July 18th. Deutsche Bank Aktiengesellschaft reissued a "buy" rating on shares of PepsiCo in a research note on Thursday, July 17th. Finally, JPMorgan Chase & Co. reduced their price objective on shares of PepsiCo from $150.00 to $139.00 and set a "neutral" rating for the company in a research note on Thursday, July 10th. 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 company's stock. Based on data from MarketBeat.com, PepsiCo currently has a consensus rating of "Hold" and an average target price of $158.60.

PepsiCo Stock Performance

Shares of PEP stock opened at $141.76 on Friday. 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 business's fifty day simple moving average is $144.39 and its 200-day simple moving average is $140.07. PepsiCo, Inc. has a 12-month low of $127.60 and a 12-month high of $177.50. The company has a market cap of $194.08 billion, a PE ratio of 25.82, a PEG ratio of 3.58 and a beta of 0.46.

PepsiCo (NASDAQ:PEP - Get Free Report) last issued its earnings results on Thursday, July 17th. The company reported $2.12 earnings per share (EPS) 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 analyst estimates of $22.28 billion. PepsiCo had a return on equity of 57.81% and a net margin of 8.23%.The firm's quarterly revenue was up 1.0% on a year-over-year basis. During the same quarter last year, the business posted $2.28 EPS. PepsiCo has set its FY 2025 guidance at 8.038-8.038 EPS. Analysts expect that PepsiCo, Inc. will post 8.3 earnings per share for the current fiscal year.

PepsiCo Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 30th. Investors of record on Friday, September 5th will be paid a $1.4225 dividend. The ex-dividend date 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 (DPR) is 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.

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