Litman Gregory Wealth Management LLC Decreases Holdings in PepsiCo, Inc. $PEP

Litman Gregory Wealth Management LLC reduced its position in PepsiCo, Inc. (NASDAQ:PEP) by 12.2% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,800 shares of the company’s stock after selling 250 shares during the quarter. Litman Gregory Wealth Management LLC’s holdings in PepsiCo were worth $238,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in the business. JSF Financial LLC raised its stake in PepsiCo by 3.8% in the 2nd quarter. JSF Financial LLC now owns 1,897 shares of the company’s stock worth $250,000 after acquiring an additional 69 shares during the last quarter. Dogwood Wealth Management LLC boosted its holdings in shares of PepsiCo by 15.4% in the 2nd quarter. Dogwood Wealth Management LLC now owns 539 shares of the company’s stock valued at $73,000 after acquiring an additional 72 shares during the last quarter. Centurion Wealth Management LLC increased its stake in shares of PepsiCo by 3.8% in the second quarter. Centurion Wealth Management LLC now owns 2,068 shares of the company’s stock worth $273,000 after acquiring an additional 75 shares during the period. SK Wealth Management LLC lifted its position in PepsiCo by 3.3% during the second quarter. SK Wealth Management LLC now owns 2,375 shares of the company’s stock valued at $319,000 after purchasing an additional 75 shares during the period. Finally, Pflug Koory LLC boosted its holdings in PepsiCo by 1.0% in the first quarter. Pflug Koory LLC now owns 7,750 shares of the company’s stock valued at $1,162,000 after purchasing an additional 76 shares during the last quarter. Institutional investors and hedge funds own 73.07% of the company’s stock.

PepsiCo Price Performance

Shares of PepsiCo stock opened at $141.98 on Monday. The stock has a market capitalization of $194.38 billion, a P/E ratio of 25.86, a PEG ratio of 3.58 and a beta of 0.46. The business has a 50 day simple moving average of $144.36 and a two-hundred day simple moving average of $139.34. PepsiCo, Inc. has a 12 month low of $127.60 and a 12 month high of $177.50. 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 (NASDAQ:PEP) last posted its quarterly earnings data on Thursday, July 17th. The company reported $2.12 EPS for the quarter, beating the consensus estimate of $2.03 by $0.09. The firm had revenue of $22.73 billion during the quarter, compared to the consensus estimate of $22.28 billion. PepsiCo had a return on equity of 57.81% and a net margin of 8.23%.The firm’s revenue was up 1.0% compared to the same quarter last year. During the same period in the prior year, the company earned $2.28 EPS. PepsiCo has set its FY 2025 guidance at 8.038-8.038 EPS. As a group, analysts predict that PepsiCo, Inc. will post 8.3 EPS for the current fiscal year.

PepsiCo Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, September 30th. Shareholders of record on Friday, September 5th were paid a $1.4225 dividend. This represents a $5.69 dividend on an annualized basis and a yield of 4.0%. The ex-dividend date of this dividend was Friday, September 5th. PepsiCo’s dividend payout ratio (DPR) is 103.64%.

Analyst Upgrades and Downgrades

Several analysts recently commented on PEP shares. UBS Group dropped their target price on PepsiCo from $175.00 to $170.00 and set a “buy” rating on the stock in a report on Thursday, September 11th. Morgan Stanley raised their price objective on shares of PepsiCo from $153.00 to $165.00 and gave the stock an “equal weight” rating in a research note on Friday, July 18th. Weiss Ratings reiterated a “hold (c-)” rating on shares of PepsiCo in a research note on Saturday, September 27th. Bank of America dropped their price target on shares of PepsiCo from $150.00 to $145.00 and set a “neutral” rating on the stock in a research report on Friday, July 11th. Finally, Deutsche Bank Aktiengesellschaft reiterated a “buy” rating on shares of PepsiCo in a research report on Thursday, July 17th. Four investment analysts have rated the stock with a Buy rating, fourteen have given a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat.com, PepsiCo has an average rating of “Hold” and an average price target of $157.87.

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.