DeDora Capital Inc. Sells 170 Shares of PepsiCo, Inc. $PEP

DeDora Capital Inc. lessened its position in PepsiCo, Inc. (NASDAQ:PEP) by 6.4% in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 2,474 shares of the company’s stock after selling 170 shares during the period. DeDora Capital Inc.’s holdings in PepsiCo were worth $327,000 as of its most recent filing with the SEC.

Other large investors have also recently bought and sold shares of the company. Nova Wealth Management Inc. bought a new stake in PepsiCo in the first quarter valued at approximately $25,000. Elite Financial Inc. bought a new stake in shares of PepsiCo during the first quarter worth $28,000. Legend Financial Advisors Inc. bought a new stake in shares of PepsiCo during the second quarter worth $29,000. Frazier Financial Advisors LLC increased its position in shares of PepsiCo by 85.3% during the second quarter. Frazier Financial Advisors LLC now owns 265 shares of the company’s stock worth $35,000 after acquiring an additional 122 shares in the last quarter. Finally, RMG Wealth Management LLC bought a new stake in shares of PepsiCo during the second quarter worth $45,000. Institutional investors own 73.07% of the company’s stock.

Analysts Set New Price Targets

Several brokerages recently commented on PEP. The Goldman Sachs Group increased their target price on shares of PepsiCo from $165.00 to $167.00 and gave the stock a “buy” rating in a report on Friday, October 10th. UBS Group reduced their target price on shares of PepsiCo from $175.00 to $170.00 and set a “buy” rating for the company in a report on Thursday, September 11th. Evercore ISI increased their target price on shares of PepsiCo from $150.00 to $152.00 in a report on Friday, October 10th. Royal Bank Of Canada reduced their target price on shares of PepsiCo from $146.00 to $145.00 and set a “sector perform” rating for the company in a report on Monday, September 15th. Finally, Cowen restated a “hold” rating on shares of PepsiCo in a report on Thursday, July 17th. Six analysts have rated the stock with a Buy rating, fourteen have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, PepsiCo currently has an average rating of “Hold” and an average price target of $156.00.

PepsiCo Stock Performance

Shares of PEP stock opened at $153.71 on Friday. The stock has a market cap of $210.17 billion, a P/E ratio of 29.22, a P/E/G ratio of 3.74 and a beta of 0.46. 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 has a fifty day moving average price of $145.51 and a two-hundred day moving average price of $139.33. PepsiCo, Inc. has a one year low of $127.60 and a one year high of $177.50.

PepsiCo (NASDAQ:PEP) last announced its quarterly earnings results on Thursday, October 9th. The company reported $2.29 EPS for the quarter, beating analysts’ consensus estimates of $2.26 by $0.03. The firm had revenue of $23.94 billion during the quarter, compared to analysts’ expectations of $23.91 billion. PepsiCo had a net margin of 7.82% and a return on equity of 57.58%. The company’s revenue for the quarter was up 2.7% compared to the same quarter last year. During the same quarter last year, the company posted $2.31 earnings per share. PepsiCo has set its FY 2025 guidance at 8.120-8.120 EPS. As a group, equities analysts predict that PepsiCo, Inc. will post 8.3 EPS for the current year.

PepsiCo Announces Dividend

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

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.