YHB Investment Advisors Inc. Sells 29,415 Shares of PepsiCo, Inc. $PEP

Key Points

• YHB Investment Advisors Inc. reduced its holdings in PepsiCo, Inc. by 35.9%, selling 29,415 shares, leaving it with 52,421 shares valued at approximately $6.92 million.
• PepsiCo's Q2 earnings exceeded analysts' expectations, reporting $2.12 EPS and $22.73 billion in revenue, both of which beat consensus estimates.
• The company has announced a quarterly dividend of $1.4225 per share, with a cumulative annualized yield of 4.0% and a payout ratio of 103.64%.

YHB Investment Advisors Inc. cut its holdings in shares of PepsiCo, Inc. (NASDAQ:PEP - Free Report) by 35.9% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 52,421 shares of the company's stock after selling 29,415 shares during the period. YHB Investment Advisors Inc.'s holdings in PepsiCo were worth $6,921,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently modified their holdings of PEP. HF Advisory Group LLC raised its position in shares of PepsiCo by 22.1% during the second quarter. HF Advisory Group LLC now owns 18,262 shares of the company's stock worth $2,411,000 after purchasing an additional 3,307 shares during the period. Rockland Trust Co. lifted its holdings in shares of PepsiCo by 8.9% during the 2nd quarter. Rockland Trust Co. now owns 338,308 shares of the company's stock valued at $44,670,000 after purchasing an additional 27,518 shares in the last quarter. Peoples Bank KS lifted its holdings in shares of PepsiCo by 1.0% during the 2nd quarter. Peoples Bank KS now owns 20,388 shares of the company's stock valued at $2,692,000 after purchasing an additional 200 shares in the last quarter. ARS Wealth Advisors Group LLC lifted its holdings in shares of PepsiCo by 3.7% during the 2nd quarter. ARS Wealth Advisors Group LLC now owns 104,286 shares of the company's stock valued at $13,770,000 after purchasing an additional 3,681 shares in the last quarter. Finally, Exchange Traded Concepts LLC lifted its holdings in shares of PepsiCo by 9.8% during the 2nd quarter. Exchange Traded Concepts LLC now owns 303,186 shares of the company's stock valued at $40,033,000 after purchasing an additional 26,970 shares in the last quarter. 73.07% of the stock is currently owned by institutional investors.

PepsiCo Price Performance

Shares of PEP stock traded up $1.03 during trading hours on Friday, reaching $141.76. The company's stock had a trading volume of 12,355,480 shares, compared to its average volume of 7,696,786. The firm's 50 day simple moving average is $144.39 and its 200-day simple moving average is $140.07. The company has a market capitalization of $194.08 billion, a price-to-earnings ratio of 25.82, a PEG ratio of 3.58 and a beta of 0.46. PepsiCo, Inc. has a fifty-two week low of $127.60 and a fifty-two week high of $177.50. The company has a quick ratio of 0.60, a current ratio of 0.78 and a debt-to-equity ratio of 2.12.

PepsiCo (NASDAQ:PEP - Get Free Report) last issued its earnings results on Thursday, July 17th. The company reported $2.12 earnings per share for the quarter, beating analysts' consensus estimates of $2.03 by $0.09. The firm had revenue of $22.73 billion for the quarter, compared to the consensus estimate of $22.28 billion. PepsiCo had a return on equity of 57.81% and a net margin of 8.23%.The company's revenue was up 1.0% compared to the same quarter last year. 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. Sell-side analysts forecast that PepsiCo, Inc. will post 8.3 earnings per share for the current year.

PepsiCo Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 30th. Investors of record on Friday, September 5th will be issued a dividend of $1.4225 per share. The ex-dividend date of this dividend is Friday, September 5th. This represents a $5.69 annualized dividend and a dividend yield of 4.0%. PepsiCo's dividend payout ratio (DPR) is 103.64%.

Analysts Set New Price Targets

Several research analysts recently commented on PEP shares. Barclays increased their target price on shares of PepsiCo from $132.00 to $144.00 and gave the stock an "equal weight" rating in a report on Monday, July 21st. Morgan Stanley raised their target price on shares of PepsiCo from $153.00 to $165.00 and gave the company an "equal weight" rating in a research note on Friday, July 18th. JPMorgan Chase & Co. cut their price objective on shares of PepsiCo from $150.00 to $139.00 and set a "neutral" rating for the company in a research report on Thursday, July 10th. Wells Fargo & Company lifted their price objective on shares of PepsiCo from $140.00 to $154.00 and gave the stock an "equal weight" rating in a research note on Friday, July 18th. Finally, Deutsche Bank Aktiengesellschaft reissued a "buy" rating on shares of PepsiCo in a report on Thursday, July 17th. Four investment analysts have rated the stock with a Buy rating, fourteen have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, PepsiCo presently has an average rating of "Hold" and an average price target of $158.60.

About PepsiCo

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.