PepsiCo, Inc. $PEP Position Trimmed by M. Kraus & Co

M. Kraus & Co trimmed its holdings in shares of PepsiCo, Inc. (NASDAQ:PEP) by 2.7% in the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 54,545 shares of the company’s stock after selling 1,528 shares during the period. PepsiCo comprises approximately 2.1% of M. Kraus & Co’s investment portfolio, making the stock its 22nd biggest position. M. Kraus & Co’s holdings in PepsiCo were worth $7,202,000 as of its most recent SEC filing.

Other large investors have also recently added to or reduced their stakes in the company. Nova Wealth Management Inc. acquired a new position in PepsiCo in the 1st quarter worth approximately $25,000. Elite Financial Inc. acquired a new position in PepsiCo in the 1st quarter worth approximately $28,000. Legend Financial Advisors Inc. acquired a new position in PepsiCo in the 2nd quarter worth approximately $29,000. RMG Wealth Management LLC acquired a new position in PepsiCo in the 2nd quarter worth approximately $45,000. Finally, Investment Research & Advisory Group Inc. boosted its stake in PepsiCo by 263.6% in the 2nd quarter. Investment Research & Advisory Group Inc. now owns 320 shares of the company’s stock worth $42,000 after purchasing an additional 232 shares during the period. 73.07% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research firms recently commented on PEP. Royal Bank Of Canada decreased their price objective on shares of PepsiCo from $146.00 to $145.00 and set a “sector perform” rating for the company in a research note on Monday, September 15th. Bank of America decreased their price objective 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. Morgan Stanley raised their price objective on shares of PepsiCo from $153.00 to $165.00 and gave the stock an “equal weight” rating in a research note on Friday, July 18th. Citigroup cut their target price 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. Finally, BNP Paribas Exane cut their target price on shares of PepsiCo from $152.00 to $150.00 and set a “neutral” rating for the company in a research report on Monday. Four investment analysts have rated the stock with a Buy rating, fourteen have assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $158.13.

PepsiCo Stock Up 4.2%

PepsiCo stock opened at $144.71 on Friday. The company has a market capitalization of $198.12 billion, a P/E ratio of 26.36, a P/E/G ratio of 3.50 and a beta of 0.46. The firm’s fifty day simple moving average is $144.32 and its 200-day simple moving average is $139.29. 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, Inc. has a 1-year low of $127.60 and a 1-year high of $177.50.

PepsiCo (NASDAQ:PEP) last released its quarterly earnings results on Thursday, October 9th. The company reported $2.29 earnings per share for the quarter, beating analysts’ consensus estimates of $2.26 by $0.03. The business had revenue of $23.94 billion for the quarter, compared to the consensus estimate of $23.91 billion. PepsiCo had a net margin of 8.23% and a return on equity of 57.81%. PepsiCo’s revenue for the quarter was up 2.7% on a year-over-year basis. During the same quarter last year, the firm earned $2.31 EPS. PepsiCo has set its FY 2025 guidance at 8.120-8.120 EPS. Sell-side analysts forecast that PepsiCo, Inc. will post 8.3 earnings per share for the current fiscal year.

PepsiCo Dividend Announcement

The firm 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 3.9%. PepsiCo’s dividend payout ratio (DPR) is currently 103.64%.

PepsiCo Profile

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.