Wilmington Savings Fund Society FSB Sells 7,862 Shares of PepsiCo, Inc. $PEP

Key Points

• Wilmington Savings Fund Society FSB decreased its stake in PepsiCo by 3.9% during Q2, now holding 193,753 shares worth approximately $25.58 million.
• PepsiCo recently reported earnings of $2.29 per share, exceeding analyst estimates, with a revenue of $23.94 billion for the quarter.
• The company's dividend yield is currently 3.8%, and its dividend payout ratio stands at 108.17%, indicating that it is paying out more than its earnings.

Wilmington Savings Fund Society FSB lessened its stake in shares of PepsiCo, Inc. (NASDAQ:PEP - Free Report) by 3.9% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 193,753 shares of the company's stock after selling 7,862 shares during the quarter. Wilmington Savings Fund Society FSB's holdings in PepsiCo were worth $25,583,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. Nuveen LLC acquired a new position in PepsiCo during the 1st quarter valued at about $946,978,000. Kingstone Capital Partners Texas LLC bought a new position in shares of PepsiCo during the 2nd quarter worth approximately $460,110,000. Vanguard Group Inc. raised its holdings in shares of PepsiCo by 1.4% in the 1st quarter. Vanguard Group Inc. now owns 135,174,252 shares of the company's stock worth $20,268,027,000 after purchasing an additional 1,802,748 shares during the period. Charles Schwab Investment Management Inc. raised its holdings in shares of PepsiCo by 5.0% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 26,475,241 shares of the company's stock worth $3,969,698,000 after purchasing an additional 1,258,198 shares during the period. Finally, Deutsche Bank AG raised its holdings in shares of PepsiCo by 14.3% in the 1st quarter. Deutsche Bank AG now owns 9,296,022 shares of the company's stock worth $1,393,846,000 after purchasing an additional 1,165,745 shares during the period. Institutional investors own 73.07% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on the stock. Morgan Stanley boosted their target price on shares of PepsiCo from $153.00 to $165.00 and gave the company an "equal weight" rating in a report on Friday, July 18th. Weiss Ratings restated a "hold (c-)" rating on shares of PepsiCo in a research report on Saturday, September 27th. Royal Bank Of Canada cut their target price on shares of PepsiCo from $146.00 to $145.00 and set a "sector perform" rating for the company in a research report on Monday, September 15th. JPMorgan Chase & Co. cut their price target on shares of PepsiCo from $157.00 to $151.00 and set a "neutral" rating for the company in a research report on Monday, October 6th. Finally, UBS Group cut their price target on shares of PepsiCo from $175.00 to $170.00 and set a "buy" rating for the company in a research report on Thursday, September 11th. Five equities research analysts have rated the stock with a Buy rating and fourteen have given a Hold rating to the stock. According to data from MarketBeat.com, PepsiCo presently has a consensus rating of "Hold" and an average price target of $157.75.

PepsiCo Price Performance

PEP stock opened at $148.89 on Tuesday. PepsiCo, Inc. has a 1 year low of $127.60 and a 1 year high of $177.50. The company has a market cap of $203.58 billion, a P/E ratio of 28.31, a PEG ratio of 3.75 and a beta of 0.46. The firm has a 50-day moving average of $144.72 and a 200 day moving average of $139.18. The company has a debt-to-equity ratio of 2.26, a current ratio of 0.91 and a quick ratio of 0.72.

PepsiCo (NASDAQ:PEP - Get Free Report) last announced its earnings results on Thursday, October 9th. The company reported $2.29 earnings per share for the quarter, beating analysts' consensus estimates 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 during the quarter, compared to the consensus estimate of $23.91 billion. During the same quarter last year, the firm earned $2.31 earnings per share. The business's revenue for the quarter was up 2.7% on a year-over-year basis. PepsiCo has set its FY 2025 guidance at 8.120-8.120 EPS. On average, sell-side analysts forecast that PepsiCo, Inc. will post 8.3 EPS for the current year.

PepsiCo Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, September 30th. Shareholders of record on Friday, September 5th were paid a dividend of $1.4225 per share. The ex-dividend date of this dividend was Friday, September 5th. This represents a $5.69 dividend on an annualized basis and a dividend yield of 3.8%. PepsiCo's dividend payout ratio (DPR) is currently 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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