Cornell Pochily Investment Advisors Inc. Sells 1,104 Shares of PepsiCo, Inc. $PEP

Cornell Pochily Investment Advisors Inc. reduced its stake in shares of PepsiCo, Inc. (NASDAQ:PEP) by 17.2% in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 5,304 shares of the company’s stock after selling 1,104 shares during the period. Cornell Pochily Investment Advisors Inc.’s holdings in PepsiCo were worth $700,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Claris Advisors LLC MO boosted its holdings in PepsiCo by 14.1% in the 2nd quarter. Claris Advisors LLC MO now owns 2,490 shares of the company’s stock worth $329,000 after buying an additional 308 shares during the period. Foster Group Inc. boosted its holdings in PepsiCo by 4.6% in the 2nd quarter. Foster Group Inc. now owns 5,169 shares of the company’s stock worth $683,000 after buying an additional 229 shares during the period. Asset Management One Co. Ltd. boosted its holdings in PepsiCo by 3.6% in the 1st quarter. Asset Management One Co. Ltd. now owns 630,906 shares of the company’s stock worth $94,598,000 after buying an additional 21,859 shares during the period. Ignite Planners LLC boosted its holdings in PepsiCo by 4.2% in the 1st quarter. Ignite Planners LLC now owns 3,773 shares of the company’s stock worth $566,000 after buying an additional 151 shares during the period. Finally, Fulton Bank N.A. boosted its holdings in PepsiCo by 2.5% in the 2nd quarter. Fulton Bank N.A. now owns 25,309 shares of the company’s stock worth $3,342,000 after buying an additional 620 shares during the period. 73.07% of the stock is owned by institutional investors.

PepsiCo Stock Performance

PepsiCo stock opened at $142.31 on Friday. The firm’s fifty day moving average price is $144.39 and its 200-day moving average price is $139.50. 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 stock has a market cap of $194.83 billion, a P/E ratio of 25.92, a price-to-earnings-growth ratio of 3.61 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.

PepsiCo (NASDAQ:PEP) last posted its quarterly earnings data on Thursday, July 17th. The company reported $2.12 earnings per share for the quarter, beating the consensus estimate of $2.03 by $0.09. The firm had revenue of $22.73 billion for the quarter, compared to analysts’ expectations of $22.28 billion. PepsiCo had a net margin of 8.23% and a return on equity of 57.81%. The business’s quarterly revenue was up 1.0% on a year-over-year basis. During the same quarter last year, the company posted $2.28 EPS. PepsiCo has set its FY 2025 guidance at 8.038-8.038 EPS. On average, equities research analysts expect that PepsiCo, Inc. will post 8.3 earnings per share for the current fiscal year.

PepsiCo Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, September 30th. Shareholders of record on Friday, September 5th were paid a $1.4225 dividend. The ex-dividend date of this dividend was Friday, September 5th. This represents a $5.69 annualized dividend and a yield of 4.0%. PepsiCo’s payout ratio is currently 103.64%.

Analysts Set New Price Targets

Several analysts have issued reports on the stock. Cowen reiterated a “hold” rating on shares of PepsiCo in a research note on Thursday, July 17th. Barclays lowered their target price on shares of PepsiCo from $144.00 to $140.00 and set an “equal weight” rating on the stock in a research note on Thursday. JPMorgan Chase & Co. lowered their target price on shares of PepsiCo from $150.00 to $139.00 and set a “neutral” rating on the stock in a research note on Thursday, July 10th. UBS Group lowered their target price on shares of PepsiCo from $175.00 to $170.00 and set a “buy” rating on the stock in a research note on Thursday, September 11th. Finally, Royal Bank Of Canada lowered their target price on shares of 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 investment 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. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $157.87.

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.