ZWJ Investment Counsel Inc. Has $1.09 Million Position in PepsiCo, Inc. $PEP

ZWJ Investment Counsel Inc. reduced its stake in PepsiCo, Inc. (NASDAQ:PEP) by 35.9% in the 2nd quarter, according to the company in its most recent filing with the SEC. The fund owned 8,282 shares of the company’s stock after selling 4,639 shares during the quarter. ZWJ Investment Counsel Inc.’s holdings in PepsiCo were worth $1,094,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of the business. Grassi Investment Management lifted its holdings in shares of PepsiCo by 0.4% during the second quarter. Grassi Investment Management now owns 37,350 shares of the company’s stock worth $4,932,000 after buying an additional 150 shares during the last quarter. Fairvoy Private Wealth LLC lifted its holdings in shares of PepsiCo by 3.4% during the second quarter. Fairvoy Private Wealth LLC now owns 4,078 shares of the company’s stock worth $538,000 after buying an additional 134 shares during the last quarter. Franklin Street Advisors Inc. NC lifted its holdings in shares of PepsiCo by 3.0% during the second quarter. Franklin Street Advisors Inc. NC now owns 5,471 shares of the company’s stock worth $722,000 after buying an additional 161 shares during the last quarter. Phraction Management LLC lifted its holdings in shares of PepsiCo by 9.6% during the second quarter. Phraction Management LLC now owns 13,303 shares of the company’s stock worth $1,757,000 after buying an additional 1,168 shares during the last quarter. Finally, Custos Family Office LLC lifted its holdings in shares of PepsiCo by 4.0% during the second quarter. Custos Family Office LLC now owns 6,688 shares of the company’s stock worth $883,000 after buying an additional 259 shares during the last quarter. 73.07% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of brokerages have recently commented on PEP. Royal Bank Of Canada cut their price target on PepsiCo from $146.00 to $145.00 and set a “sector perform” rating for the company in a report on Monday, September 15th. Cowen reiterated a “hold” rating on shares of PepsiCo in a report on Thursday, July 17th. 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 report on Thursday, July 10th. Wells Fargo & Company cut their target price on PepsiCo from $154.00 to $150.00 and set an “equal weight” rating for the company in a research note on Thursday, September 25th. Finally, UBS Group cut their target price on PepsiCo from $175.00 to $170.00 and set a “buy” rating for the company in a research note on Thursday, September 11th. Four investment analysts have rated the stock with a Buy rating, fourteen have given a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat, PepsiCo has an average rating of “Hold” and a consensus target price of $157.87.

PepsiCo Stock Performance

Shares of NASDAQ PEP opened at $141.98 on Friday. The business has a fifty day simple moving average of $144.36 and a 200 day simple moving average of $139.45. PepsiCo, Inc. has a one year low of $127.60 and a one year high of $177.50. The firm has a market capitalization of $194.38 billion, a price-to-earnings ratio of 25.86, a PEG ratio of 3.59 and a beta of 0.46. The company has a current ratio of 0.78, a quick ratio of 0.60 and a debt-to-equity ratio of 2.12.

PepsiCo (NASDAQ:PEP) last announced its quarterly 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. PepsiCo had a return on equity of 57.81% and a net margin of 8.23%.The firm had revenue of $22.73 billion for the quarter, compared to analysts’ expectations of $22.28 billion. During the same period in the prior year, the business posted $2.28 earnings per share. The business’s revenue was up 1.0% compared to the same quarter last year. PepsiCo has set its FY 2025 guidance at 8.038-8.038 EPS. Sell-side analysts expect that PepsiCo, Inc. will post 8.3 EPS for the current year.

PepsiCo Dividend Announcement

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

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.