Aspiriant LLC Sells 201 Shares of PepsiCo, Inc. $PEP

Aspiriant LLC decreased its position in PepsiCo, Inc. (NASDAQ:PEP) by 1.1% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 18,742 shares of the company’s stock after selling 201 shares during the quarter. Aspiriant LLC’s holdings in PepsiCo were worth $2,475,000 as of its most recent filing with the SEC.

Other large investors have also made changes to their positions in the company. Nova Wealth Management Inc. bought a new stake in shares of PepsiCo in the 1st quarter valued at approximately $25,000. Elite Financial Inc. bought a new stake in shares of PepsiCo in the 1st quarter valued at approximately $28,000. Legend Financial Advisors Inc. bought a new stake in shares of PepsiCo in the 2nd quarter valued at approximately $29,000. Frazier Financial Advisors LLC grew its stake in shares of PepsiCo by 85.3% in the 2nd quarter. Frazier Financial Advisors LLC now owns 265 shares of the company’s stock valued at $35,000 after buying an additional 122 shares in the last quarter. Finally, RMG Wealth Management LLC bought a new stake in shares of PepsiCo in the 2nd quarter valued at approximately $45,000. Institutional investors own 73.07% of the company’s stock.

PepsiCo Stock Up 0.7%

Shares of PEP stock opened at $153.71 on Friday. PepsiCo, Inc. has a 12 month low of $127.60 and a 12 month high of $177.50. The firm has a market cap of $210.17 billion, a PE ratio of 29.22, a price-to-earnings-growth ratio of 3.71 and a beta of 0.46. The stock has a 50 day moving average of $145.51 and a 200-day moving average of $139.40. The company has a quick ratio of 0.72, a current ratio of 0.91 and a debt-to-equity ratio of 2.26.

PepsiCo (NASDAQ:PEP) last issued its quarterly earnings results on Thursday, October 9th. The company reported $2.29 EPS for the quarter, topping analysts’ consensus estimates of $2.26 by $0.03. PepsiCo had a return on equity of 57.58% and a net margin of 7.82%.The company had revenue of $23.94 billion during the quarter, compared to analyst estimates of $23.91 billion. During the same period in the previous year, the company earned $2.31 earnings per share. The company’s quarterly 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. On average, equities analysts predict that PepsiCo, Inc. will post 8.3 EPS for the current year.

PepsiCo Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, September 30th. Investors of record on Friday, September 5th were paid a $1.4225 dividend. This represents a $5.69 dividend on an annualized basis and a dividend yield of 3.7%. The ex-dividend date was Friday, September 5th. PepsiCo’s dividend payout ratio is presently 108.17%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on PEP shares. Piper Sandler upped their target price on PepsiCo from $160.00 to $162.00 and gave the stock an “overweight” rating in a research report on Friday, October 10th. Morgan Stanley upped their target price on PepsiCo from $153.00 to $165.00 and gave the stock an “equal weight” rating in a research report on Friday, July 18th. BNP Paribas Exane decreased their target price on PepsiCo from $152.00 to $150.00 and set a “neutral” rating for the company in a research report on Monday, October 6th. HSBC upped their target price on PepsiCo from $145.00 to $152.00 and gave the stock a “hold” rating in a research report on Friday, October 10th. Finally, Jefferies Financial Group upped their target price on PepsiCo from $161.00 to $163.00 and gave the stock a “hold” rating in a research report on Friday, October 10th. Six equities research analysts have rated the stock with a Buy rating, fourteen have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $156.00.

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.