Whittier Trust Co. Has $14.57 Million Holdings in PepsiCo, Inc. $PEP

Key Points

• Whittier Trust Co. reduced its holdings in PepsiCo, Inc. by 12.7%, owning 110,349 shares valued at approximately $14.57 million after selling 16,005 shares in the second quarter.
• Analysts have recently adjusted their price targets for PepsiCo, with HSBC increasing theirs from $145.00 to $152.00, while Royal Bank Of Canada lowered theirs from $146.00 to $145.00.
• PepsiCo's latest earnings report indicated a quarterly earnings per share of $2.29, exceeding expectations, with a revenue of $23.94 billion for the quarter, up 2.7% year-over-year.

Whittier Trust Co. lessened its position in shares of PepsiCo, Inc. (NASDAQ:PEP - Free Report) by 12.7% in the second quarter, according to its most recent filing with the SEC. The firm owned 110,349 shares of the company's stock after selling 16,005 shares during the quarter. Whittier Trust Co.'s holdings in PepsiCo were worth $14,570,000 at the end of the most recent quarter.

Several other large investors also recently modified their holdings of PEP. Nova Wealth Management Inc. acquired a new stake in shares of PepsiCo during the 1st quarter worth approximately $25,000. Elite Financial Inc. acquired a new stake in shares of PepsiCo during the 1st quarter worth approximately $28,000. Legend Financial Advisors Inc. acquired a new stake in shares of PepsiCo during the 2nd quarter worth approximately $29,000. Frazier Financial Advisors LLC grew its position in shares of PepsiCo by 85.3% during the 2nd quarter. Frazier Financial Advisors LLC now owns 265 shares of the company's stock worth $35,000 after buying an additional 122 shares during the period. Finally, Investment Research & Advisory Group Inc. grew its position in shares of PepsiCo by 263.6% during the 2nd quarter. Investment Research & Advisory Group Inc. now owns 320 shares of the company's stock worth $42,000 after buying an additional 232 shares during the period. Institutional investors and hedge funds own 73.07% of the company's stock.

Analysts Set New Price Targets

PEP has been the subject of a number of recent research reports. Royal Bank Of Canada decreased their price target on shares of PepsiCo from $146.00 to $145.00 and set a "sector perform" rating for the company in a research note on Monday, September 15th. HSBC boosted their target price on shares of PepsiCo from $145.00 to $152.00 and gave the stock a "hold" rating in a research report on Friday, October 10th. Citigroup decreased their target price on shares of PepsiCo from $168.00 to $165.00 and set a "buy" rating for the company in a research report on Thursday, September 25th. Rothschild & Co Redburn boosted their target price on shares of PepsiCo from $115.00 to $117.00 and gave the stock a "sell" rating in a research report on Monday, October 13th. Finally, Bank of America boosted their target price on shares of PepsiCo from $150.00 to $155.00 and gave the stock a "neutral" rating in a research report on Friday, October 10th. Six equities 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.com, the company currently has an average rating of "Hold" and an average price target of $156.00.

PepsiCo Stock Down 0.0%

PepsiCo stock opened at $153.64 on Tuesday. PepsiCo, Inc. has a fifty-two week low of $127.60 and a fifty-two week high of $177.50. The stock has a market cap of $210.08 billion, a PE ratio of 29.21, a price-to-earnings-growth ratio of 3.74 and a beta of 0.46. The firm's 50-day simple moving average is $145.69 and its 200 day simple moving average is $139.29. The company has a debt-to-equity ratio of 2.26, a quick ratio of 0.72 and a current ratio of 0.91.

PepsiCo (NASDAQ:PEP - Get Free Report) last released its quarterly earnings results on Thursday, October 9th. The company reported $2.29 earnings per share for the quarter, topping the consensus estimate of $2.26 by $0.03. PepsiCo had a net margin of 7.82% and a return on equity of 57.58%. The business had revenue of $23.94 billion for the quarter, compared to analysts' expectations of $23.91 billion. During the same period in the previous year, the company earned $2.31 earnings per share. The firm's revenue for the quarter was up 2.7% compared to the same quarter last year. PepsiCo has set its FY 2025 guidance at 8.120-8.120 EPS. Research analysts predict that PepsiCo, Inc. will post 8.3 EPS for the current fiscal year.

PepsiCo Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, September 30th. Investors of record on Friday, September 5th were issued a dividend of $1.4225 per share. The ex-dividend date was Friday, September 5th. This represents a $5.69 annualized dividend and a yield of 3.7%. PepsiCo's payout ratio is 108.17%.

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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