St. Johns Investment Management Company LLC Trims Stake in PepsiCo, Inc. $PEP

St. Johns Investment Management Company LLC lowered its position in PepsiCo, Inc. (NASDAQ:PEP) by 6.7% during the 2nd quarter, HoldingsChannel reports. The fund owned 7,004 shares of the company’s stock after selling 502 shares during the period. St. Johns Investment Management Company LLC’s holdings in PepsiCo were worth $925,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. Nova Wealth Management Inc. bought a new position in shares of PepsiCo in the first quarter worth about $25,000. Elite Financial Inc. bought a new position in shares of PepsiCo in the first quarter worth about $28,000. Legend Financial Advisors Inc. bought a new position in shares of PepsiCo in the second quarter worth about $29,000. Frazier Financial Advisors LLC grew its holdings in shares of PepsiCo by 85.3% in the second quarter. Frazier Financial Advisors LLC now owns 265 shares of the company’s stock worth $35,000 after purchasing an additional 122 shares during the last quarter. Finally, RMG Wealth Management LLC bought a new position in shares of PepsiCo in the second quarter worth about $45,000. Hedge funds and other institutional investors own 73.07% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on PEP shares. Royal Bank Of Canada cut their price target on shares of PepsiCo from $146.00 to $145.00 and set a “sector perform” rating on the stock in a report on Monday, September 15th. Bank of America upped their price target on shares of PepsiCo from $150.00 to $155.00 and gave the stock a “neutral” rating in a report on Friday, October 10th. Piper Sandler increased their target price on shares of PepsiCo from $160.00 to $162.00 and gave the stock an “overweight” rating in a report on Friday, October 10th. HSBC increased their target price on shares of PepsiCo from $145.00 to $152.00 and gave the stock a “hold” rating in a report on Friday, October 10th. Finally, Wells Fargo & Company increased their target price on shares of PepsiCo from $150.00 to $154.00 and gave the stock a “positive” rating in a report on Friday, October 10th. Seven investment analysts have rated the stock with a Buy rating, fourteen have issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $156.58.

PepsiCo Stock Performance

PEP stock opened at $153.18 on Wednesday. The firm has a market cap of $209.45 billion, a price-to-earnings ratio of 29.12, a PEG ratio of 3.74 and a beta of 0.46. The firm has a 50-day simple moving average of $145.82 and a two-hundred day simple moving average of $139.39. PepsiCo, Inc. has a one year low of $127.60 and a one year high of $174.95. The company has a debt-to-equity ratio of 2.26, a quick ratio of 0.72 and a current ratio of 0.91.

PepsiCo (NASDAQ:PEP) last released its quarterly earnings results on Thursday, October 9th. The company reported $2.29 EPS for the quarter, beating the consensus estimate of $2.26 by $0.03. The business had revenue of $23.94 billion during the quarter, compared to analyst estimates of $23.91 billion. PepsiCo had a net margin of 7.82% and a return on equity of 57.58%. The company’s quarterly revenue was up 2.7% on a year-over-year basis. During the same period in the prior year, the firm posted $2.31 earnings per share. PepsiCo has set its FY 2025 guidance at 8.120-8.120 EPS. On average, equities analysts forecast that PepsiCo, Inc. will post 8.3 EPS for the current fiscal year.

PepsiCo Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, September 30th. Shareholders of record on Friday, September 5th were given a dividend of $1.4225 per share. This represents a $5.69 annualized dividend and a dividend yield of 3.7%. The ex-dividend date of this dividend was Friday, September 5th. PepsiCo’s dividend payout ratio 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.