PepsiCo, Inc. $PEP Shares Sold by Court Place Advisors LLC

Court Place Advisors LLC decreased its position in shares of PepsiCo, Inc. (NASDAQ:PEP) by 5.4% during the second quarter, Holdings Channel.com reports. The firm owned 6,646 shares of the company’s stock after selling 377 shares during the period. Court Place Advisors LLC’s holdings in PepsiCo were worth $878,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. Rice Partnership LLC grew its stake in shares of PepsiCo by 22.6% during the 2nd quarter. Rice Partnership LLC now owns 4,017 shares of the company’s stock worth $530,000 after purchasing an additional 741 shares during the period. Boomfish Wealth Group LLC grew its stake in shares of PepsiCo by 20.0% during the 2nd quarter. Boomfish Wealth Group LLC now owns 11,806 shares of the company’s stock worth $1,559,000 after purchasing an additional 1,966 shares during the period. Edge Financial Advisors LLC grew its stake in shares of PepsiCo by 15.5% during the 2nd quarter. Edge Financial Advisors LLC now owns 4,125 shares of the company’s stock worth $545,000 after purchasing an additional 554 shares during the period. Leo Wealth LLC grew its stake in PepsiCo by 43.5% in the 2nd quarter. Leo Wealth LLC now owns 21,448 shares of the company’s stock valued at $2,832,000 after acquiring an additional 6,499 shares during the period. Finally, MSH Capital Advisors LLC grew its stake in PepsiCo by 4.5% in the 2nd quarter. MSH Capital Advisors LLC now owns 8,837 shares of the company’s stock valued at $1,167,000 after acquiring an additional 383 shares during the period. Institutional investors and hedge funds own 73.07% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently issued reports on PEP shares. Citigroup dropped their price target on shares of PepsiCo from $168.00 to $165.00 and set a “buy” rating on the stock in a research note on Thursday, September 25th. Weiss Ratings reissued a “hold (c-)” rating on shares of PepsiCo in a research note on Saturday, September 27th. Royal Bank Of Canada dropped their price target on shares of PepsiCo from $146.00 to $145.00 and set a “sector perform” rating on the stock in a research note on Monday, September 15th. Deutsche Bank Aktiengesellschaft reissued a “buy” rating on shares of PepsiCo in a research note on Thursday, July 17th. Finally, UBS Group lowered their target price on shares of PepsiCo from $175.00 to $170.00 and set a “buy” rating on the stock in a research note on Thursday, September 11th. Four investment analysts have rated the stock with a Buy rating, fourteen have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $158.13.

PepsiCo Trading Up 4.2%

Shares of PEP stock opened at $144.71 on Friday. The company’s 50-day moving average price is $144.32 and its 200-day moving average price is $139.29. The company has a current ratio of 0.78, a quick ratio of 0.60 and a debt-to-equity ratio of 2.12. The stock has a market cap 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, Inc. has a twelve month low of $127.60 and a twelve month high of $177.50.

PepsiCo (NASDAQ:PEP) last announced its quarterly earnings results on Thursday, October 9th. The company reported $2.29 earnings per share for the quarter, beating the consensus estimate of $2.26 by $0.03. The firm had revenue of $23.94 billion for the quarter, compared to analysts’ expectations of $23.91 billion. PepsiCo had a net margin of 8.23% and a return on equity of 57.81%. The company’s revenue was up 2.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $2.31 EPS. PepsiCo has set its FY 2025 guidance at 8.120-8.120 EPS. As a group, equities analysts predict 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 given a dividend of $1.4225 per share. The ex-dividend date of this dividend was Friday, September 5th. This represents a $5.69 annualized dividend and a dividend yield of 3.9%. PepsiCo’s payout ratio is presently 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.