PepsiCo, Inc. $PEP Stock Position Lessened by Park Edge Advisors LLC

Park Edge Advisors LLC decreased its holdings in PepsiCo, Inc. (NASDAQ:PEP) by 3.0% in the 2nd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 7,108 shares of the company’s stock after selling 221 shares during the quarter. Park Edge Advisors LLC’s holdings in PepsiCo were worth $939,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently modified their holdings of the company. Nova Wealth Management Inc. bought a new position in PepsiCo during the first quarter valued at about $25,000. Elite Financial Inc. bought a new position in PepsiCo during the first quarter valued at about $28,000. Sunbeam Capital Management LLC bought a new position in PepsiCo during the fourth quarter valued at about $47,000. MorganRosel Wealth Management LLC bought a new position in PepsiCo during the first quarter valued at about $55,000. Finally, Migdal Insurance & Financial Holdings Ltd. bought a new position in PepsiCo during the first quarter valued at about $58,000. Institutional investors own 73.07% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on the company. Barclays raised their target price on PepsiCo from $132.00 to $144.00 and gave the company an “equal weight” rating in a research note on Monday, July 21st. Citigroup raised their target price on PepsiCo from $160.00 to $168.00 and gave the company a “buy” rating in a research note on Friday, July 18th. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating on shares of PepsiCo in a research note on Thursday, July 17th. Cowen reaffirmed a “hold” rating on shares of PepsiCo in a report on Thursday, July 17th. Finally, UBS Group reduced their target price on PepsiCo from $175.00 to $170.00 and set a “buy” rating for the company in a report on Thursday. Four research analysts have rated the stock with a Buy rating, fourteen have assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $158.67.

PepsiCo Trading Down 0.5%

Shares of NASDAQ PEP opened at $143.53 on Friday. PepsiCo, Inc. has a 12 month low of $127.60 and a 12 month high of $179.43. The company has a market cap of $196.50 billion, a price-to-earnings ratio of 26.14, a P/E/G ratio of 3.65 and a beta of 0.46. 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 business has a fifty day simple moving average of $143.81 and a 200-day simple moving average of $140.52.

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

PepsiCo Dividend Announcement

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