First Financial Bank Trust Division Sells 2,851 Shares of PepsiCo, Inc. $PEP

First Financial Bank Trust Division decreased its holdings in PepsiCo, Inc. (NASDAQ:PEP) by 4.3% in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 63,131 shares of the company’s stock after selling 2,851 shares during the period. First Financial Bank Trust Division’s holdings in PepsiCo were worth $8,336,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors also recently bought and sold shares of PEP. Nova Wealth Management Inc. bought a new position in PepsiCo in the first quarter worth approximately $25,000. Elite Financial Inc. bought a new position in PepsiCo in the first quarter worth approximately $28,000. Sunbeam Capital Management LLC bought a new position in PepsiCo in the fourth quarter worth approximately $47,000. MorganRosel Wealth Management LLC bought a new position in PepsiCo in the first quarter worth approximately $55,000. Finally, Migdal Insurance & Financial Holdings Ltd. bought a new position in PepsiCo in the first quarter worth approximately $58,000. Institutional investors own 73.07% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on the stock. Wells Fargo & Company boosted their price objective on shares of PepsiCo from $140.00 to $154.00 and gave the stock an “equal weight” rating in a research note on Friday, July 18th. Citigroup lifted their price target on shares of PepsiCo from $160.00 to $168.00 and gave the stock a “buy” rating in a report on Friday, July 18th. Cowen reaffirmed a “hold” rating on shares of PepsiCo in a report on Thursday, July 17th. JPMorgan Chase & Co. cut their price target on shares of PepsiCo from $150.00 to $139.00 and set a “neutral” rating on the stock in a report on Thursday, July 10th. Finally, Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating on shares of PepsiCo in a report on Thursday, July 17th. Four analysts have rated the stock with a Buy rating, fourteen have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $158.67.

PepsiCo Price Performance

Shares of PEP opened at $143.53 on Friday. The firm has a market capitalization of $196.50 billion, a PE ratio of 26.14, a price-to-earnings-growth ratio of 3.65 and a beta of 0.46. The company has a debt-to-equity ratio of 2.12, a current ratio of 0.78 and a quick ratio of 0.60. PepsiCo, Inc. has a 1-year low of $127.60 and a 1-year high of $179.43. The company’s fifty day moving average price is $143.81 and its 200-day moving average price is $140.60.

PepsiCo (NASDAQ:PEP) last announced its quarterly earnings data on Thursday, July 17th. The company reported $2.12 earnings per share for the quarter, beating analysts’ consensus estimates of $2.03 by $0.09. The firm had revenue of $22.73 billion for the quarter, compared to analyst estimates of $22.28 billion. PepsiCo had a net margin of 8.23% and a return on equity of 57.81%. The business’s quarterly revenue was up 1.0% compared to the same quarter last year. During the same period in the previous year, the company earned $2.28 earnings per share. PepsiCo has set its FY 2025 guidance at 8.038-8.038 EPS. On average, equities research analysts predict that PepsiCo, Inc. will post 8.3 EPS for the current year.

PepsiCo Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 30th. Investors of record on Friday, September 5th will be given a dividend of $1.4225 per share. The ex-dividend date is Friday, September 5th. This represents a $5.69 dividend on an annualized basis and a yield of 4.0%. PepsiCo’s payout ratio is currently 103.64%.

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.