Greenwood Capital Associates LLC Sells 4,217 Shares of PepsiCo, Inc. $PEP

Greenwood Capital Associates LLC trimmed its position in shares of PepsiCo, Inc. (NASDAQ:PEP) by 66.2% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 2,152 shares of the company’s stock after selling 4,217 shares during the period. Greenwood Capital Associates LLC’s holdings in PepsiCo were worth $284,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Nova Wealth Management Inc. bought a new position in PepsiCo in the first quarter worth about $25,000. Elite Financial Inc. bought a new position in PepsiCo in the first quarter worth about $28,000. Legend Financial Advisors Inc. bought a new position in PepsiCo in the second quarter worth about $29,000. Investment Research & Advisory Group Inc. raised its stake in PepsiCo by 263.6% in the second quarter. Investment Research & Advisory Group Inc. now owns 320 shares of the company’s stock worth $42,000 after buying an additional 232 shares in the last quarter. Finally, MorganRosel Wealth Management LLC bought a new position in PepsiCo in the first quarter worth about $55,000. 73.07% of the stock is owned by institutional investors.

PepsiCo Trading Down 0.2%

NASDAQ:PEP opened at $141.98 on Friday. The company’s 50 day moving average price is $144.36 and its 200-day moving average price is $139.45. PepsiCo, Inc. has a 52 week low of $127.60 and a 52 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. The stock has a market cap of $194.38 billion, a price-to-earnings ratio of 25.86, a PEG ratio of 3.59 and a beta of 0.46.

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

PepsiCo Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, September 30th. Stockholders 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 dividend on an annualized basis and a dividend yield of 4.0%. PepsiCo’s dividend payout ratio is presently 103.64%.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on the stock. Bank of America decreased their price target on shares of PepsiCo from $150.00 to $145.00 and set a “neutral” rating for the company in a research note on Friday, July 11th. JPMorgan Chase & Co. decreased their price target on shares of PepsiCo from $150.00 to $139.00 and set a “neutral” rating for the company in a research note on Thursday, July 10th. Barclays restated a “cautious” rating on shares of PepsiCo in a report on Friday. Weiss Ratings restated a “hold (c-)” rating on shares of PepsiCo in a report on Saturday, September 27th. Finally, Royal Bank Of Canada cut their price objective on shares of PepsiCo from $146.00 to $145.00 and set a “sector perform” rating on the stock in a report on Monday, September 15th. Four 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. According to data from MarketBeat.com, the company presently 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.