McIlrath & Eck LLC Has $416,000 Stock Position in PepsiCo, Inc. $PEP

McIlrath & Eck LLC lowered its holdings in shares of PepsiCo, Inc. (NASDAQ:PEP) by 35.1% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 2,777 shares of the company’s stock after selling 1,500 shares during the period. McIlrath & Eck LLC’s holdings in PepsiCo were worth $416,000 at the end of the most recent quarter.

Other large investors have also added to or reduced their stakes in the company. Elite Financial Inc. acquired a new stake in PepsiCo during the first quarter worth approximately $28,000. Measured Risk Portfolios Inc. acquired a new stake in PepsiCo during the fourth quarter worth approximately $31,000. Sunbeam Capital Management LLC acquired a new stake in PepsiCo during 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 and hedge funds own 73.07% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on PEP. Citigroup increased their price target on PepsiCo from $160.00 to $168.00 and gave the stock a “buy” rating in a report on Friday, July 18th. Bank of America cut their price target on PepsiCo from $150.00 to $145.00 and set a “neutral” rating on the stock in a report on Friday, July 11th. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating on shares of PepsiCo in a report on Thursday, July 17th. Cowen reiterated a “hold” rating on shares of PepsiCo in a report on Thursday, July 17th. Finally, Barclays increased their price target on PepsiCo from $132.00 to $144.00 and gave the stock an “equal weight” rating in a report on Monday, July 21st. Four research analysts have rated the stock with a Buy rating, fourteen have assigned a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $158.60.

PepsiCo Stock Down 3.2%

PEP stock opened at $141.71 on Tuesday. PepsiCo, Inc. has a twelve month low of $127.60 and a twelve month high of $179.43. The company has a quick ratio of 0.60, a current ratio of 0.78 and a debt-to-equity ratio of 2.12. The stock’s 50 day moving average is $143.19 and its 200-day moving average is $140.72. The firm has a market capitalization of $194.01 billion, a PE ratio of 25.81, a P/E/G ratio of 3.70 and a beta of 0.46.

PepsiCo (NASDAQ:PEP) last posted its earnings results 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. PepsiCo had a return on equity of 57.81% and a net margin of 8.23%.The company had revenue of $22.73 billion for the quarter, compared to analyst estimates of $22.28 billion. During the same quarter last year, the company earned $2.28 earnings per share. The company’s revenue for the quarter was up 1.0% on a year-over-year basis. PepsiCo has set its FY 2025 guidance at 8.038-8.038 EPS. Sell-side analysts expect that PepsiCo, Inc. will post 8.3 EPS for the current fiscal year.

PepsiCo Dividend Announcement

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

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.