PepsiCo, Inc. $PEP Stake Lessened by Chemistry Wealth Management LLC

Chemistry Wealth Management LLC lessened its position in PepsiCo, Inc. (NASDAQ:PEP) by 7.8% in the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 2,004 shares of the company’s stock after selling 169 shares during the quarter. Chemistry Wealth Management LLC’s holdings in PepsiCo were worth $265,000 as of its most recent filing with the SEC.

Other hedge funds have also made changes to their positions in the company. Nova Wealth Management Inc. purchased a new stake in shares of PepsiCo in the 1st quarter valued at approximately $25,000. Elite Financial Inc. purchased a new stake in PepsiCo in the 1st quarter worth approximately $28,000. Sunbeam Capital Management LLC bought a new position in shares of PepsiCo during the 4th quarter valued at $47,000. MorganRosel Wealth Management LLC acquired a new position in PepsiCo in the 1st quarter valued at $55,000. Finally, Migdal Insurance & Financial Holdings Ltd. acquired a new position in PepsiCo in the 1st quarter valued at $58,000. Hedge funds and other institutional investors own 73.07% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on PEP shares. Barclays raised their target price on shares of PepsiCo from $132.00 to $144.00 and gave the company an “equal weight” rating in a research note on Monday, July 21st. Morgan Stanley lifted their target price on shares of PepsiCo from $153.00 to $165.00 and gave the company an “equal weight” rating in a research report on Friday, July 18th. Royal Bank Of Canada reaffirmed a “sector perform” rating and issued a $146.00 target price on shares of PepsiCo in a research note on Wednesday, September 3rd. Cowen reaffirmed a “hold” rating on shares of PepsiCo in a research note on Thursday, July 17th. Finally, UBS Group lowered their price target on shares of PepsiCo from $175.00 to $170.00 and set a “buy” rating for the company in a research report on Thursday. Four analysts have rated the stock with a Buy rating, fourteen have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, PepsiCo has a consensus rating of “Hold” and a consensus price target of $158.67.

PepsiCo Price Performance

PepsiCo stock opened at $143.53 on Monday. PepsiCo, Inc. has a 12 month low of $127.60 and a 12 month high of $179.43. The stock’s 50 day moving average is $143.81 and its 200-day moving average is $140.44. 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 company has a market capitalization of $196.50 billion, a price-to-earnings ratio of 26.14, a PEG ratio of 3.63 and a beta of 0.46.

PepsiCo (NASDAQ:PEP) last released its quarterly earnings results on Thursday, July 17th. The company reported $2.12 EPS for the quarter, beating the consensus estimate of $2.03 by $0.09. The business had revenue of $22.73 billion for the quarter, compared to the consensus estimate of $22.28 billion. PepsiCo had a net margin of 8.23% and a return on equity of 57.81%. PepsiCo’s revenue was up 1.0% compared to the same quarter last year. During the same period in the prior year, the company posted $2.28 earnings per share. PepsiCo has set its FY 2025 guidance at 8.038-8.038 EPS. Equities research analysts expect that PepsiCo, Inc. will post 8.3 EPS for the current year.

PepsiCo Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 30th. Stockholders of record on Friday, September 5th will be paid a $1.4225 dividend. The ex-dividend date is Friday, September 5th. This represents a $5.69 annualized dividend and a dividend yield of 4.0%. PepsiCo’s payout ratio is currently 103.64%.

PepsiCo 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.