Puzo Michael J Decreases Stock Position in PepsiCo, Inc. $PEP

Puzo Michael J cut its stake in shares of PepsiCo, Inc. (NASDAQ:PEP) by 8.2% in the second quarter, Holdings Channel.com reports. The institutional investor owned 7,845 shares of the company’s stock after selling 705 shares during the quarter. Puzo Michael J’s holdings in PepsiCo were worth $1,036,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also added to or reduced their stakes in PEP. Nova Wealth Management Inc. purchased a new stake in PepsiCo during the 1st quarter valued at $25,000. Elite Financial Inc. bought a new stake in shares of PepsiCo during the 1st quarter valued at $28,000. Legend Financial Advisors Inc. bought a new stake in shares of PepsiCo during the 2nd quarter valued at $29,000. Investment Research & Advisory Group Inc. grew its position in shares of PepsiCo by 263.6% during the 2nd quarter. Investment Research & Advisory Group Inc. now owns 320 shares of the company’s stock valued at $42,000 after acquiring an additional 232 shares during the period. Finally, RMG Wealth Management LLC bought a new stake in shares of PepsiCo during the 2nd quarter valued at $45,000. 73.07% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on the stock. Bank of America cut their price objective on shares of PepsiCo from $150.00 to $145.00 and set a “neutral” rating for the company in a research report on Friday, July 11th. JPMorgan Chase & Co. cut their price objective on shares of PepsiCo from $157.00 to $151.00 and set a “neutral” rating for the company in a research report on Monday. Citigroup cut their price objective on shares of PepsiCo from $168.00 to $165.00 and set a “buy” rating for the company in a research report on Thursday, September 25th. UBS Group cut their price objective on shares of PepsiCo from $175.00 to $170.00 and set a “buy” rating for the company in a research report on Thursday, September 11th. Finally, Wells Fargo & Company dropped their target price on shares of PepsiCo from $154.00 to $150.00 and set an “equal weight” rating for the company in a report on Thursday, September 25th. Four research analysts have rated the stock with a Buy rating, fifteen have issued a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat.com, PepsiCo presently has a consensus rating of “Hold” and a consensus price target of $158.13.

PepsiCo Stock Up 0.8%

Shares of PEP stock opened at $140.79 on Wednesday. The stock has a market cap of $192.75 billion, a P/E ratio of 25.64, a PEG ratio of 3.53 and a beta of 0.46. 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 company’s fifty day simple moving average is $144.26 and its two-hundred day simple moving average is $139.31.

PepsiCo (NASDAQ:PEP) last announced its quarterly earnings results on Thursday, July 17th. The company reported $2.12 EPS for the quarter, topping the consensus estimate of $2.03 by $0.09. The business 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% compared to the same quarter last year. During the same quarter in the previous year, the company earned $2.28 EPS. PepsiCo has set its FY 2025 guidance at 8.038-8.038 EPS. Analysts predict that PepsiCo, Inc. will post 8.3 EPS for the current fiscal 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 paid a $1.4225 dividend. The ex-dividend date was Friday, September 5th. This represents a $5.69 annualized dividend and a yield of 4.0%. PepsiCo’s payout ratio is presently 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.