PepsiCo, Inc. $PEP Shares Sold by Eastern Bank

Eastern Bank cut its holdings in shares of PepsiCo, Inc. (NASDAQ:PEP) by 1.8% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 144,400 shares of the company’s stock after selling 2,720 shares during the period. Eastern Bank’s holdings in PepsiCo were worth $19,067,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Aberdeen Group plc increased its holdings in PepsiCo by 8.2% in the second quarter. Aberdeen Group plc now owns 1,489,342 shares of the company’s stock valued at $195,968,000 after buying an additional 112,955 shares in the last quarter. Lmcg Investments LLC increased its holdings in PepsiCo by 5.9% in the second quarter. Lmcg Investments LLC now owns 24,962 shares of the company’s stock valued at $3,296,000 after buying an additional 1,400 shares in the last quarter. First Fiduciary Investment Counsel Inc. increased its holdings in PepsiCo by 15.3% in the second quarter. First Fiduciary Investment Counsel Inc. now owns 2,260 shares of the company’s stock valued at $298,000 after buying an additional 300 shares in the last quarter. JB Capital LLC increased its holdings in PepsiCo by 8.2% in the second quarter. JB Capital LLC now owns 72,881 shares of the company’s stock valued at $9,623,000 after buying an additional 5,533 shares in the last quarter. Finally, Blue Trust Inc. increased its holdings in PepsiCo by 3.2% in the second quarter. Blue Trust Inc. now owns 43,220 shares of the company’s stock valued at $5,707,000 after buying an additional 1,328 shares in the last quarter. Hedge funds and other institutional investors own 73.07% of the company’s stock.

PepsiCo Stock Up 3.7%

Shares of NASDAQ PEP opened at $150.08 on Friday. PepsiCo, Inc. has a 12-month low of $127.60 and a 12-month high of $177.50. The stock has a market cap of $205.47 billion, a PE ratio of 28.53, a P/E/G ratio of 3.62 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. The company has a 50-day moving average of $144.53 and a 200 day moving average of $139.32.

PepsiCo (NASDAQ:PEP) last announced its quarterly earnings data on Thursday, October 9th. The company reported $2.29 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.26 by $0.03. PepsiCo had a net margin of 7.82% and a return on equity of 58.46%. The company had revenue of $23.94 billion during the quarter, compared to analysts’ expectations of $23.91 billion. During the same quarter in the prior year, the company earned $2.31 EPS. PepsiCo’s revenue was up 2.7% compared to the same quarter last year. PepsiCo has set its FY 2025 guidance at 8.120-8.120 EPS. As a group, sell-side analysts predict that PepsiCo, Inc. will post 8.3 EPS for the current fiscal year.

PepsiCo Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, September 30th. Investors of record on Friday, September 5th were paid a dividend of $1.4225 per share. This represents a $5.69 annualized dividend and a yield of 3.8%. The ex-dividend date of this dividend was Friday, September 5th. PepsiCo’s dividend payout ratio is currently 103.64%.

Analyst Ratings Changes

A number of research analysts have weighed in on PEP shares. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of PepsiCo in a report on Saturday, September 27th. 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 note on Thursday, September 25th. Barclays boosted their target price on shares of PepsiCo from $140.00 to $142.00 and gave the stock an “equal weight” rating in a research note on Friday. Deutsche Bank Aktiengesellschaft reissued a “buy” rating on shares of PepsiCo in a research note on Thursday, July 17th. Finally, Wells Fargo & Company boosted their target price on shares of PepsiCo from $150.00 to $154.00 and gave the stock a “positive” rating in a research note on Friday. Five analysts have rated the stock with a Buy rating and fourteen have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $158.25.

PepsiCo Company 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.