PepsiCo, Inc. $PEP Shares Sold by Blair William & Co. IL

Blair William & Co. IL trimmed its position in shares of PepsiCo, Inc. (NASDAQ:PEP) by 2.4% in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 517,330 shares of the company’s stock after selling 12,955 shares during the period. Blair William & Co. IL’s holdings in PepsiCo were worth $68,308,000 as of its most recent SEC filing.

A number of other institutional investors have also recently added to or reduced their stakes in PEP. Nova Wealth Management Inc. purchased a new stake in PepsiCo during the 1st quarter worth $25,000. Elite Financial Inc. purchased a new stake in PepsiCo during the 1st quarter worth $28,000. Legend Financial Advisors Inc. purchased a new stake in PepsiCo during the 2nd quarter worth $29,000. Investment Research & Advisory Group Inc. boosted its position in PepsiCo by 263.6% during the 2nd quarter. Investment Research & Advisory Group Inc. now owns 320 shares of the company’s stock worth $42,000 after purchasing an additional 232 shares during the period. Finally, RMG Wealth Management LLC purchased a new stake in PepsiCo during the 2nd quarter worth $45,000. 73.07% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on the stock. Cowen reissued a “hold” rating on shares of PepsiCo in a research report on Thursday, July 17th. Citigroup decreased their price objective on shares of PepsiCo from $168.00 to $165.00 and set a “buy” rating for the company in a research report on Thursday, September 25th. JPMorgan Chase & Co. decreased their price objective on shares of PepsiCo from $157.00 to $151.00 and set a “neutral” rating for the company in a research report on Monday. Weiss Ratings reissued a “hold (c-)” rating on shares of PepsiCo in a research report on Saturday, September 27th. Finally, Wells Fargo & Company decreased their price objective on shares of PepsiCo from $154.00 to $150.00 and set an “equal weight” rating for the company in a research report on Thursday, September 25th. Four investment analysts have rated the stock with a Buy rating, fourteen have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $158.13.

PepsiCo Stock Performance

Shares of PEP stock opened at $144.71 on Friday. The company has a debt-to-equity ratio of 2.12, a quick ratio of 0.60 and a current ratio of 0.78. PepsiCo, Inc. has a one year low of $127.60 and a one year high of $177.50. The company’s 50-day simple moving average is $144.32 and its 200-day simple moving average is $139.29. The stock has a market capitalization of $198.12 billion, a price-to-earnings ratio of 26.36, a PEG ratio of 3.50 and a beta of 0.46.

PepsiCo (NASDAQ:PEP) last issued its quarterly earnings results on Thursday, October 9th. The company reported $2.29 EPS for the quarter, topping the consensus estimate of $2.26 by $0.03. PepsiCo had a net margin of 8.23% and a return on equity of 57.81%. The business had revenue of $23.94 billion for the quarter, compared to analysts’ expectations of $23.91 billion. During the same quarter last year, the company posted $2.31 earnings per share. The company’s quarterly revenue was up 2.7% compared to the same quarter last year. PepsiCo has set its FY 2025 guidance at 8.120-8.120 EPS. Equities analysts anticipate that PepsiCo, Inc. will post 8.3 earnings per share for the current fiscal year.

PepsiCo Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, September 30th. Investors of record on Friday, September 5th were paid a dividend of $1.4225 per share. The ex-dividend date was Friday, September 5th. This represents a $5.69 annualized dividend and a yield of 3.9%. PepsiCo’s dividend payout ratio is 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.