PepsiCo, Inc. $PEP Shares Sold by Griffin Asset Management Inc.

Griffin Asset Management Inc. decreased its holdings in shares of PepsiCo, Inc. (NASDAQ:PEP) by 3.8% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 8,293 shares of the company’s stock after selling 328 shares during the period. Griffin Asset Management Inc.’s holdings in PepsiCo were worth $1,095,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently made changes to their positions in the business. Pegasus Asset Management Inc. boosted its position in shares of PepsiCo by 4.4% during the 2nd quarter. Pegasus Asset Management Inc. now owns 32,678 shares of the company’s stock valued at $4,315,000 after purchasing an additional 1,388 shares in the last quarter. MGO One Seven LLC boosted its position in shares of PepsiCo by 6.3% during the 2nd quarter. MGO One Seven LLC now owns 39,603 shares of the company’s stock valued at $5,229,000 after purchasing an additional 2,355 shares in the last quarter. Welch Group LLC boosted its position in shares of PepsiCo by 3.8% during the 2nd quarter. Welch Group LLC now owns 363,869 shares of the company’s stock valued at $48,045,000 after purchasing an additional 13,163 shares in the last quarter. Stephens Consulting LLC boosted its position in shares of PepsiCo by 2.6% during the 2nd quarter. Stephens Consulting LLC now owns 3,101 shares of the company’s stock valued at $409,000 after purchasing an additional 79 shares in the last quarter. Finally, Bill Few Associates Inc. boosted its position in shares of PepsiCo by 2.2% during the 2nd quarter. Bill Few Associates Inc. now owns 26,285 shares of the company’s stock valued at $3,471,000 after purchasing an additional 564 shares in the last quarter. Institutional investors own 73.07% of the company’s stock.

PepsiCo Price Performance

NASDAQ PEP opened at $150.08 on Monday. The company has a debt-to-equity ratio of 2.26, a current ratio of 0.91 and a quick ratio of 0.72. The firm has a market capitalization of $205.47 billion, a price-to-earnings ratio of 28.53, a price-to-earnings-growth ratio of 3.75 and a beta of 0.46. The company has a 50 day simple moving average of $144.53 and a 200-day simple moving average of $139.19. PepsiCo, Inc. has a 52-week low of $127.60 and a 52-week high of $177.50.

PepsiCo (NASDAQ:PEP) last released its quarterly earnings data on Thursday, October 9th. The company reported $2.29 earnings per share 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 57.58%. The firm had revenue of $23.94 billion for the quarter, compared to analyst estimates of $23.91 billion. During the same quarter in the prior year, the business earned $2.31 EPS. The company’s revenue for the quarter was up 2.7% compared to the same quarter last year. PepsiCo has set its FY 2025 guidance at 8.120-8.120 EPS. Equities research analysts predict that PepsiCo, Inc. will post 8.3 earnings per share for the current fiscal year.

PepsiCo Dividend Announcement

The business also recently announced 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 yield of 3.8%. PepsiCo’s dividend payout ratio is presently 108.17%.

Analyst Ratings Changes

Several equities analysts have recently weighed in on the stock. Evercore ISI raised their price objective on shares of PepsiCo from $150.00 to $152.00 in a research report on Friday. Barclays upped their price objective on shares of PepsiCo from $140.00 to $142.00 and gave the company an “equal weight” rating in a research note on Friday. Piper Sandler upped their price objective on shares of PepsiCo from $160.00 to $162.00 and gave the company an “overweight” rating in a research note on Friday. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating on shares of PepsiCo in a research note on Thursday, July 17th. Finally, BNP Paribas Exane reduced their price objective on shares of PepsiCo from $152.00 to $150.00 and set a “neutral” rating for the company in a research note on Monday, October 6th. Five equities research analysts have rated the stock with a Buy rating and fourteen have given a Hold rating to the company’s stock. According to data from MarketBeat.com, PepsiCo presently has a consensus rating of “Hold” and a consensus target price of $157.75.

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.