Sky Investment Group LLC Decreases Stake in PepsiCo, Inc. $PEP

Sky Investment Group LLC lessened its stake in PepsiCo, Inc. (NASDAQ:PEP) by 2.6% in the 2nd quarter, according to its most recent filing with the SEC. The firm owned 73,289 shares of the company’s stock after selling 1,949 shares during the quarter. PepsiCo accounts for approximately 1.7% of Sky Investment Group LLC’s portfolio, making the stock its 14th biggest position. Sky Investment Group LLC’s holdings in PepsiCo were worth $9,677,000 at the end of the most recent reporting period.

A number of other institutional investors also recently added to or reduced their stakes in the company. Oliver Lagore Vanvalin Investment Group purchased a new position in PepsiCo in the second quarter worth approximately $914,000. AHL Investment Management Inc. lifted its position in shares of PepsiCo by 1.3% during the 2nd quarter. AHL Investment Management Inc. now owns 10,584 shares of the company’s stock worth $1,398,000 after purchasing an additional 140 shares during the last quarter. Arkfeld Wealth Strategies L.L.C. lifted its holdings in PepsiCo by 3.8% during the 2nd quarter. Arkfeld Wealth Strategies L.L.C. now owns 2,707 shares of the company’s stock worth $364,000 after buying an additional 100 shares during the last quarter. Kozak & Associates Inc. lifted its holdings in PepsiCo by 238.3% during the 2nd quarter. Kozak & Associates Inc. now owns 1,387 shares of the company’s stock worth $187,000 after buying an additional 977 shares during the last quarter. Finally, Carderock Capital Management Inc. purchased a new stake in PepsiCo during the 2nd quarter worth about $69,000. Hedge funds and other institutional investors own 73.07% of the company’s stock.

Wall Street Analysts Forecast Growth

PEP has been the subject of several recent analyst reports. Cowen restated a “hold” rating on shares of PepsiCo in a research note on Thursday, July 17th. JPMorgan Chase & Co. reduced their price objective on shares of PepsiCo from $150.00 to $139.00 and set a “neutral” rating for the company in a research report on Thursday, July 10th. Citigroup boosted their price objective on shares of PepsiCo from $160.00 to $168.00 and gave the stock a “buy” rating in a research report on Friday, July 18th. Morgan Stanley boosted their price target 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. 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, September 11th. Four investment analysts have rated the stock with a Buy rating, fourteen have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $158.60.

PepsiCo Price Performance

Shares of NASDAQ:PEP opened at $140.73 on Friday. The company has a 50-day simple moving average of $144.26 and a 200-day simple moving average of $140.25. PepsiCo, Inc. has a one year low of $127.60 and a one year high of $177.50. The company has a debt-to-equity ratio of 2.12, a quick ratio of 0.60 and a current ratio of 0.78. The stock has a market capitalization of $192.67 billion, a price-to-earnings ratio of 25.63, a PEG ratio of 3.57 and a beta of 0.46.

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

PepsiCo Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, September 30th. Stockholders of record on Friday, September 5th will be paid a dividend of $1.4225 per share. This represents a $5.69 annualized dividend and a dividend yield of 4.0%. The ex-dividend date is Friday, September 5th. 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.