Guggenheim Capital LLC Lowers Holdings in PepsiCo, Inc. $PEP

Guggenheim Capital LLC decreased its position in PepsiCo, Inc. (NASDAQ:PEP) by 9.6% during the 1st quarter, Holdings Channel reports. The fund owned 500,244 shares of the company’s stock after selling 53,370 shares during the quarter. PepsiCo comprises about 0.7% of Guggenheim Capital LLC’s holdings, making the stock its 17th biggest position. Guggenheim Capital LLC’s holdings in PepsiCo were worth $75,007,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in PEP. Elite Financial Inc. acquired a new position in PepsiCo during the first quarter worth $28,000. Measured Risk Portfolios Inc. acquired a new position in shares of PepsiCo during the 4th quarter worth $31,000. Sunbeam Capital Management LLC purchased a new position in shares of PepsiCo in the 4th quarter valued at about $47,000. MorganRosel Wealth Management LLC acquired a new stake in shares of PepsiCo in the first quarter valued at about $55,000. Finally, Migdal Insurance & Financial Holdings Ltd. purchased a new stake in PepsiCo during the first quarter worth about $58,000. Institutional investors and hedge funds own 73.07% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have issued reports on PEP shares. Wells Fargo & Company increased their target price on shares of PepsiCo from $140.00 to $154.00 and gave the company an “equal weight” rating in a report on Friday, July 18th. Citigroup boosted their price target on PepsiCo from $160.00 to $168.00 and gave the stock a “buy” rating in a research note on Friday, July 18th. Royal Bank Of Canada reiterated a “sector perform” rating and set a $148.00 target price on shares of PepsiCo in a research report on Tuesday, June 24th. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating on shares of PepsiCo in a research report on Thursday, July 17th. Finally, Bank of America decreased their price objective on shares of PepsiCo from $150.00 to $145.00 and set a “neutral” rating on the stock in a research report on Friday, July 11th. Four 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 stock. According to MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $158.73.

PepsiCo Stock Down 0.8%

Shares of NASDAQ:PEP opened at $147.00 on Wednesday. The company has a quick ratio of 0.60, a current ratio of 0.78 and a debt-to-equity ratio of 2.12. PepsiCo, Inc. has a 52-week low of $127.60 and a 52-week high of $179.73. The stock’s fifty day simple moving average is $140.01 and its 200-day simple moving average is $140.66. The company has a market capitalization of $201.25 billion, a P/E ratio of 26.78, a P/E/G ratio of 3.95 and a beta of 0.45.

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, 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%. The company’s quarterly revenue was up 1.0% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $2.28 earnings per share. PepsiCo has set its FY 2025 guidance at 8.038-8.038 EPS. As a group, equities research analysts forecast that PepsiCo, Inc. will post 8.3 earnings per share for the current fiscal year.

PepsiCo Dividend Announcement

The company 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 dividend of $1.4225 per share. The ex-dividend date of this dividend is Friday, September 5th. This represents a $5.69 annualized dividend and a dividend yield of 3.9%. PepsiCo’s dividend payout ratio is presently 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.