Ascent Group LLC Has $4.11 Million Stock Position in PepsiCo, Inc. $PEP

Ascent Group LLC trimmed its holdings in shares of PepsiCo, Inc. (NASDAQ:PEP) by 2.3% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 31,088 shares of the company’s stock after selling 716 shares during the period. Ascent Group LLC’s holdings in PepsiCo were worth $4,105,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently bought and sold shares of the business. Phraction Management LLC raised its position in PepsiCo by 9.6% during the second quarter. Phraction Management LLC now owns 13,303 shares of the company’s stock valued at $1,757,000 after buying an additional 1,168 shares during the period. Custos Family Office LLC increased its position in PepsiCo by 4.0% in the 2nd quarter. Custos Family Office LLC now owns 6,688 shares of the company’s stock worth $883,000 after purchasing an additional 259 shares during the last quarter. Synergy Asset Management LLC acquired a new position in PepsiCo in the 2nd quarter worth about $1,113,000. Mattern Capital Management LLC increased its position in PepsiCo by 3.6% in the 2nd quarter. Mattern Capital Management LLC now owns 57,452 shares of the company’s stock worth $7,586,000 after purchasing an additional 2,003 shares during the last quarter. Finally, River Street Advisors LLC increased its position in PepsiCo by 2.9% in the 2nd quarter. River Street Advisors LLC now owns 11,973 shares of the company’s stock worth $1,581,000 after purchasing an additional 336 shares during the last quarter. 73.07% of the stock is owned by institutional investors and hedge funds.

PepsiCo Price Performance

Shares of NASDAQ:PEP opened at $141.98 on Friday. The business has a 50 day moving average price of $144.36 and a 200 day moving average price of $139.39. PepsiCo, Inc. has a twelve month low of $127.60 and a twelve month high of $177.50. The company has a market cap of $194.38 billion, a price-to-earnings ratio of 25.86, a PEG ratio of 3.58 and a beta of 0.46. 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) last announced its earnings results 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. PepsiCo had a return on equity of 57.81% and a net margin of 8.23%.The firm had revenue of $22.73 billion during the quarter, compared to the consensus estimate of $22.28 billion. During the same quarter in the prior year, the company earned $2.28 EPS. The firm’s revenue for the quarter was up 1.0% compared to the same quarter last year. PepsiCo has set its FY 2025 guidance at 8.038-8.038 EPS. Research analysts predict that PepsiCo, Inc. will post 8.3 earnings per share for the current year.

PepsiCo Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, September 30th. Shareholders of record on Friday, September 5th were given a $1.4225 dividend. 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 (DPR) is currently 103.64%.

Analyst Upgrades and Downgrades

Several brokerages have weighed in on PEP. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of PepsiCo in a research report on Saturday, September 27th. Bank of America dropped their target price on PepsiCo from $150.00 to $145.00 and set a “neutral” rating on the stock in a research report on Friday, July 11th. JPMorgan Chase & Co. dropped their target price on PepsiCo from $150.00 to $139.00 and set a “neutral” rating on the stock in a research report on Thursday, July 10th. Morgan Stanley upped their price target on PepsiCo from $153.00 to $165.00 and gave the stock an “equal weight” rating in a research note on Friday, July 18th. Finally, Cowen reiterated a “hold” rating on shares of PepsiCo in a research note on Thursday, July 17th. Four investment analysts have rated the stock with a Buy rating, fourteen have assigned a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average target price 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.