Atria Wealth Solutions Inc. Sells 32,282 Shares of PepsiCo, Inc. $PEP

Atria Wealth Solutions Inc. cut its holdings in PepsiCo, Inc. (NASDAQ:PEP) by 44.4% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 40,413 shares of the company’s stock after selling 32,282 shares during the period. Atria Wealth Solutions Inc.’s holdings in PepsiCo were worth $5,364,000 at the end of the most recent reporting period.

Other hedge funds have also added to or reduced their stakes in the company. Brighton Jones LLC increased its position in shares of PepsiCo by 12.4% in the fourth quarter. Brighton Jones LLC now owns 59,392 shares of the company’s stock valued at $9,031,000 after acquiring an additional 6,574 shares during the period. GAMMA Investing LLC increased its position in shares of PepsiCo by 28.1% in the first quarter. GAMMA Investing LLC now owns 30,603 shares of the company’s stock valued at $4,589,000 after acquiring an additional 6,712 shares during the period. Ritholtz Wealth Management increased its position in shares of PepsiCo by 30.5% in the first quarter. Ritholtz Wealth Management now owns 17,135 shares of the company’s stock valued at $2,569,000 after acquiring an additional 4,005 shares during the period. Traphagen Investment Advisors LLC increased its position in shares of PepsiCo by 2.1% in the first quarter. Traphagen Investment Advisors LLC now owns 5,823 shares of the company’s stock valued at $873,000 after acquiring an additional 119 shares during the period. Finally, Hanson & Doremus Investment Management increased its position in shares of PepsiCo by 10.6% in the first quarter. Hanson & Doremus Investment Management now owns 6,269 shares of the company’s stock valued at $940,000 after acquiring an additional 600 shares during the period. 73.07% of the stock is owned by institutional investors.

PepsiCo Trading Down 0.8%

NASDAQ:PEP opened at $148.89 on Tuesday. PepsiCo, Inc. has a one year low of $127.60 and a one year high of $177.50. 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 company’s 50-day simple moving average is $144.72 and its 200 day simple moving average is $139.18. The firm has a market capitalization of $203.58 billion, a P/E ratio of 28.31, a PEG ratio of 3.75 and a beta of 0.46.

PepsiCo (NASDAQ:PEP) last posted its quarterly earnings data on Thursday, October 9th. The company reported $2.29 EPS for the quarter, topping 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 business had revenue of $23.94 billion for the quarter, compared to analyst estimates of $23.91 billion. During the same quarter in the previous year, the firm posted $2.31 earnings per share. PepsiCo’s quarterly revenue was up 2.7% on a year-over-year basis. PepsiCo has set its FY 2025 guidance at 8.120-8.120 EPS. As a group, analysts forecast 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. The ex-dividend date of this dividend was Friday, September 5th. This represents a $5.69 annualized dividend and a yield of 3.8%. PepsiCo’s payout ratio is presently 108.17%.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on PEP shares. BNP Paribas Exane decreased their price objective on shares of PepsiCo from $152.00 to $150.00 and set a “neutral” rating on the stock in a research report on Monday, October 6th. Cowen reiterated a “hold” rating on shares of PepsiCo in a research report on Thursday, July 17th. Jefferies Financial Group boosted their price target on shares of PepsiCo from $161.00 to $163.00 and gave the company a “hold” rating in a research report on Friday. Citigroup reduced their price target on shares of PepsiCo from $168.00 to $165.00 and set a “buy” rating on the stock in a research report on Thursday, September 25th. Finally, Piper Sandler boosted their price target on shares of PepsiCo from $160.00 to $162.00 and gave the company an “overweight” rating in a research report on Friday. Five research analysts have rated the stock with a Buy rating and fourteen have given a Hold rating to the stock. According to data from MarketBeat.com, PepsiCo presently has an average rating of “Hold” and an average price target of $157.75.

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.