Sonora Investment Management Group LLC Has $12.95 Million Stock Holdings in PepsiCo, Inc. $PEP

Sonora Investment Management Group LLC lowered its position in shares of PepsiCo, Inc. (NASDAQ:PEP) by 3.6% in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 98,066 shares of the company’s stock after selling 3,711 shares during the quarter. Sonora Investment Management Group LLC’s holdings in PepsiCo were worth $12,949,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Brighton Jones LLC lifted its position in PepsiCo by 12.4% during the 4th quarter. Brighton Jones LLC now owns 59,392 shares of the company’s stock worth $9,031,000 after buying an additional 6,574 shares in the last quarter. Rothschild Investment LLC increased its position in shares of PepsiCo by 0.5% in the first quarter. Rothschild Investment LLC now owns 15,873 shares of the company’s stock valued at $2,380,000 after acquiring an additional 78 shares during the last quarter. BTC Capital Management Inc. raised its holdings in PepsiCo by 5.0% during the first quarter. BTC Capital Management Inc. now owns 53,989 shares of the company’s stock worth $8,096,000 after acquiring an additional 2,587 shares in the last quarter. Somerset Trust Co grew its stake in PepsiCo by 5.6% in the first quarter. Somerset Trust Co now owns 21,085 shares of the company’s stock valued at $3,161,000 after purchasing an additional 1,116 shares in the last quarter. Finally, Winthrop Advisory Group LLC increased its position in shares of PepsiCo by 3.4% during the 1st quarter. Winthrop Advisory Group LLC now owns 6,117 shares of the company’s stock worth $917,000 after purchasing an additional 200 shares during the last quarter. 73.07% of the stock is currently owned by institutional investors and hedge funds.

PepsiCo Stock Up 0.4%

Shares of NASDAQ PEP opened at $140.44 on Friday. The stock’s fifty day moving average is $144.63 and its 200 day moving average is $139.65. The stock has a market capitalization of $192.27 billion, a P/E ratio of 25.58, a PEG ratio of 3.54 and a beta of 0.46. The company has a debt-to-equity ratio of 2.12, a quick ratio of 0.60 and a current ratio of 0.78. PepsiCo, Inc. has a 52 week low of $127.60 and a 52 week high of $177.50.

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

PepsiCo Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 30th. Investors of record on Friday, September 5th will be issued a $1.4225 dividend. This represents a $5.69 dividend on an annualized basis and a yield of 4.1%. The ex-dividend date is Friday, September 5th. PepsiCo’s dividend payout ratio is presently 103.64%.

Analyst Upgrades and Downgrades

PEP has been the subject of several analyst reports. Bank of America decreased their target price on shares of PepsiCo from $150.00 to $145.00 and set a “neutral” rating for the company in a research note on Friday, July 11th. Barclays boosted their price objective on shares of PepsiCo from $132.00 to $144.00 and gave the stock an “equal weight” rating in a research note on Monday, July 21st. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating on shares of PepsiCo in a research note on Thursday, July 17th. Morgan Stanley boosted their price target on PepsiCo from $153.00 to $165.00 and gave the stock an “equal weight” rating in a research report on Friday, July 18th. Finally, JPMorgan Chase & Co. reduced their target price on PepsiCo from $150.00 to $139.00 and set a “neutral” rating for the company in a research note on Thursday, July 10th. Four investment analysts have rated the stock with a Buy rating, fourteen have given a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $158.13.

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.