Kingswood Wealth Advisors LLC Lowers Holdings in PepsiCo, Inc. $PEP

Kingswood Wealth Advisors LLC reduced its position in shares of PepsiCo, Inc. (NASDAQ:PEP) by 67.7% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 11,155 shares of the company’s stock after selling 23,384 shares during the quarter. Kingswood Wealth Advisors LLC’s holdings in PepsiCo were worth $1,473,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. Prasad Wealth Partners LLC purchased a new position in PepsiCo in the 2nd quarter valued at about $2,261,000. Joel Isaacson & Co. LLC lifted its stake in PepsiCo by 0.5% in the 2nd quarter. Joel Isaacson & Co. LLC now owns 16,507 shares of the company’s stock valued at $2,180,000 after buying an additional 74 shares in the last quarter. Sunbeam Capital Management LLC purchased a new position in PepsiCo in the 2nd quarter valued at about $250,000. KLP Kapitalforvaltning AS lifted its stake in PepsiCo by 3.7% in the 2nd quarter. KLP Kapitalforvaltning AS now owns 543,096 shares of the company’s stock worth $71,710,000 after purchasing an additional 19,200 shares in the last quarter. Finally, RMG Wealth Management LLC purchased a new position in PepsiCo in the 2nd quarter worth approximately $45,000. 73.07% of the stock is owned by hedge funds and other institutional investors.

PepsiCo Trading Up 0.8%

NASDAQ PEP opened at $140.79 on Wednesday. The company has a debt-to-equity ratio of 2.12, a quick ratio of 0.60 and a current ratio of 0.78. The firm has a market cap of $192.75 billion, a PE ratio of 25.64, a P/E/G ratio of 3.53 and a beta of 0.46. PepsiCo, Inc. has a one year low of $127.60 and a one year high of $177.50. The firm’s fifty day moving average is $144.26 and its two-hundred day moving average is $139.31.

PepsiCo (NASDAQ:PEP) last posted its quarterly earnings data on Thursday, July 17th. The company reported $2.12 EPS for the quarter, beating analysts’ consensus estimates of $2.03 by $0.09. The company 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%. PepsiCo’s quarterly revenue was up 1.0% on a year-over-year basis. During the same period in the previous year, the business posted $2.28 earnings per share. PepsiCo has set its FY 2025 guidance at 8.038-8.038 EPS. Analysts expect that PepsiCo, Inc. will post 8.3 earnings per share for the current year.

PepsiCo Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, September 30th. Stockholders of record on Friday, September 5th were paid a dividend of $1.4225 per share. This represents a $5.69 dividend on an annualized basis and a dividend yield of 4.0%. The ex-dividend date was Friday, September 5th. PepsiCo’s payout ratio is 103.64%.

Analyst Ratings Changes

A number of research firms have weighed in on PEP. Cowen reissued a “hold” rating on shares of PepsiCo in a research note on Thursday, July 17th. Barclays restated a “cautious” rating on shares of PepsiCo in a report on Friday. BNP Paribas Exane cut their price target on shares of PepsiCo from $152.00 to $150.00 and set a “neutral” rating for the company in a report on Monday. Deutsche Bank Aktiengesellschaft restated a “buy” rating on shares of PepsiCo in a report on Thursday, July 17th. Finally, Bank of America cut their price target on shares of PepsiCo from $150.00 to $145.00 and set a “neutral” rating for the company in a report on Friday, July 11th. Four analysts have rated the stock with a Buy rating, fifteen have issued a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat.com, PepsiCo presently has an average rating of “Hold” and a consensus price target of $158.13.

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.