Tritonpoint Wealth LLC Has $6.88 Million Stake in PepsiCo, Inc. $PEP

Key Points

• Tritonpoint Wealth LLC has decreased its stake in PepsiCo, Inc. by 3.5%, now holding 52,105 shares worth approximately $6.88 million.
• PepsiCo reported earnings of $2.12 per share in its latest quarter, exceeding expectations and showing a 1.0% revenue increase year-over-year to $22.73 billion.
• The company has announced a quarterly dividend of $1.4225, representing a 4.1% dividend yield and a payout ratio of 103.64%.

Tritonpoint Wealth LLC trimmed its holdings in PepsiCo, Inc. (NASDAQ:PEP - Free Report) by 3.5% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 52,105 shares of the company's stock after selling 1,912 shares during the period. Tritonpoint Wealth LLC's holdings in PepsiCo were worth $6,880,000 at the end of the most recent quarter.

Other hedge funds also recently made changes to their positions in the company. Foster Group Inc. lifted its position in shares of PepsiCo by 4.6% in the second quarter. Foster Group Inc. now owns 5,169 shares of the company's stock valued at $683,000 after buying an additional 229 shares during the last quarter. Asset Management One Co. Ltd. increased its stake in shares of PepsiCo by 3.6% during the first quarter. Asset Management One Co. Ltd. now owns 630,906 shares of the company's stock worth $94,598,000 after purchasing an additional 21,859 shares during the period. Ignite Planners LLC increased its stake in shares of PepsiCo by 4.2% during the first quarter. Ignite Planners LLC now owns 3,773 shares of the company's stock worth $566,000 after purchasing an additional 151 shares during the period. Fulton Bank N.A. increased its stake in shares of PepsiCo by 2.5% during the second quarter. Fulton Bank N.A. now owns 25,309 shares of the company's stock worth $3,342,000 after purchasing an additional 620 shares during the period. Finally, Graybill Wealth Management LTD. bought a new position in shares of PepsiCo during the first quarter worth approximately $3,633,000. 73.07% of the stock is owned by institutional investors and hedge funds.

PepsiCo Trading Up 0.4%

Shares of PEP opened at $140.44 on Friday. PepsiCo, Inc. has a 52-week low of $127.60 and a 52-week high of $177.50. The business's fifty day moving average is $144.63 and its 200-day moving average is $139.65. 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 firm has a market cap of $192.27 billion, a price-to-earnings ratio of 25.58, a PEG ratio of 3.54 and a beta of 0.46.

PepsiCo (NASDAQ:PEP - Get Free Report) last issued its quarterly earnings results on Thursday, July 17th. The company reported $2.12 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.03 by $0.09. PepsiCo had a return on equity of 57.81% and a net margin of 8.23%.The company had revenue of $22.73 billion for the quarter, compared to analyst estimates of $22.28 billion. During the same quarter last year, the company posted $2.28 EPS. The company's revenue for the quarter was up 1.0% compared to the same quarter last year. PepsiCo has set its FY 2025 guidance at 8.038-8.038 EPS. Equities 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. Stockholders 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 annualized dividend and a dividend yield of 4.1%. PepsiCo's dividend payout ratio (DPR) is presently 103.64%.

Analyst Upgrades and Downgrades

A number of equities analysts have recently weighed in on PEP shares. UBS Group lowered their target price on PepsiCo from $175.00 to $170.00 and set a "buy" rating on the stock in a research note on Thursday, September 11th. Barclays increased their target price on PepsiCo from $132.00 to $144.00 and gave the stock an "equal weight" rating in a research note on Monday, July 21st. Wells Fargo & Company lowered their target price on PepsiCo from $154.00 to $150.00 and set an "equal weight" rating on the stock in a research note on Thursday. JPMorgan Chase & Co. lowered their price objective on PepsiCo from $150.00 to $139.00 and set a "neutral" rating on the stock in a research note on Thursday, July 10th. Finally, Royal Bank Of Canada lowered their price objective on PepsiCo from $146.00 to $145.00 and set a "sector perform" rating on the stock in a research note on Monday, September 15th. Four research 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. According to data from MarketBeat.com, the stock currently has an average rating of "Hold" and an average price target of $158.13.

PepsiCo Company 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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