PepsiCo, Inc. $PEP Shares Sold by Naviter Wealth LLC

Naviter Wealth LLC lowered its position in shares of PepsiCo, Inc. (NASDAQ:PEP) by 8.2% during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 14,010 shares of the company’s stock after selling 1,245 shares during the period. Naviter Wealth LLC’s holdings in PepsiCo were worth $1,850,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. Claris Advisors LLC MO boosted its position in PepsiCo by 14.1% in the 2nd quarter. Claris Advisors LLC MO now owns 2,490 shares of the company’s stock valued at $329,000 after buying an additional 308 shares during the last quarter. Foster Group Inc. boosted its holdings in PepsiCo by 4.6% in the second quarter. Foster Group Inc. now owns 5,169 shares of the company’s stock valued at $683,000 after purchasing an additional 229 shares during the last quarter. Asset Management One Co. Ltd. grew its stake in PepsiCo by 3.6% during the 1st quarter. Asset Management One Co. Ltd. now owns 630,906 shares of the company’s stock valued at $94,598,000 after purchasing an additional 21,859 shares in the last quarter. Ignite Planners LLC increased its holdings in PepsiCo by 4.2% during the 1st quarter. Ignite Planners LLC now owns 3,773 shares of the company’s stock worth $566,000 after purchasing an additional 151 shares during the last quarter. Finally, Merit Financial Group LLC raised its position in shares of PepsiCo by 46.4% in the 2nd quarter. Merit Financial Group LLC now owns 114,344 shares of the company’s stock valued at $15,098,000 after purchasing an additional 36,239 shares in the last quarter. 73.07% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of analysts have recently weighed in on PEP shares. BNP Paribas Exane decreased their price target on shares of PepsiCo from $152.00 to $150.00 and set a “neutral” rating for the company in a research report on Monday, October 6th. Piper Sandler raised their price objective on shares of PepsiCo from $160.00 to $162.00 and gave the stock an “overweight” rating in a report on Friday. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of PepsiCo in a research report on Saturday, September 27th. Jefferies Financial Group lifted their price target on PepsiCo from $161.00 to $163.00 and gave the stock a “hold” rating in a research note on Friday. Finally, Royal Bank Of Canada cut their price objective on PepsiCo from $146.00 to $145.00 and set a “sector perform” rating on the stock in a research note on Monday, September 15th. Five research analysts have rated the stock with a Buy rating and fourteen have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $157.75.

PepsiCo Stock Down 0.8%

PEP opened at $148.89 on Tuesday. The stock’s 50 day moving average price is $144.72 and its 200 day moving average price is $139.18. The company has a debt-to-equity ratio of 2.26, a current ratio of 0.91 and a quick ratio of 0.72. The stock has a market cap of $203.58 billion, a P/E ratio of 28.31, a P/E/G ratio of 3.75 and a beta of 0.46. PepsiCo, Inc. has a 12 month low of $127.60 and a 12 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 (EPS) for the quarter, topping analysts’ consensus estimates of $2.26 by $0.03. The company had revenue of $23.94 billion during the quarter, compared to analyst estimates of $23.91 billion. PepsiCo had a return on equity of 57.58% and a net margin of 7.82%.The firm’s quarterly revenue was up 2.7% on a year-over-year basis. During the same quarter in the previous year, the firm posted $2.31 EPS. PepsiCo has set its FY 2025 guidance at 8.120-8.120 EPS. As a group, research analysts predict that PepsiCo, Inc. will post 8.3 earnings per share for the current year.

PepsiCo Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, September 30th. Shareholders of record on Friday, September 5th were paid 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 yield of 3.8%. PepsiCo’s dividend payout ratio (DPR) is presently 108.17%.

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.