MCF Advisors LLC Sells 262 Shares of PepsiCo, Inc. $PEP

MCF Advisors LLC lessened its holdings in PepsiCo, Inc. (NASDAQ:PEP) by 3.2% during the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 7,934 shares of the company’s stock after selling 262 shares during the period. MCF Advisors LLC’s holdings in PepsiCo were worth $1,048,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in the business. Foster Group Inc. raised its stake in PepsiCo by 4.6% during the 2nd quarter. Foster Group Inc. now owns 5,169 shares of the company’s stock worth $683,000 after acquiring an additional 229 shares during the period. Asset Management One Co. Ltd. raised its stake in PepsiCo by 3.6% during the 1st quarter. Asset Management One Co. Ltd. now owns 630,906 shares of the company’s stock worth $94,598,000 after acquiring an additional 21,859 shares during the period. Ignite Planners LLC raised its stake in PepsiCo by 4.2% during the 1st quarter. Ignite Planners LLC now owns 3,773 shares of the company’s stock worth $566,000 after acquiring an additional 151 shares during the period. Fulton Bank N.A. raised its stake in PepsiCo by 2.5% during the 2nd quarter. Fulton Bank N.A. now owns 25,309 shares of the company’s stock worth $3,342,000 after acquiring an additional 620 shares during the period. Finally, Graybill Wealth Management LTD. bought a new stake in PepsiCo during the 1st quarter worth approximately $3,633,000. Institutional investors own 73.07% of the company’s stock.

PepsiCo Stock Performance

Shares of PepsiCo stock opened at $141.03 on Tuesday. The company has a market capitalization of $193.08 billion, a PE ratio of 25.69, a P/E/G ratio of 3.58 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. The company has a 50-day simple moving average of $144.50 and a two-hundred day simple moving average of $139.87. PepsiCo, Inc. has a one year low of $127.60 and a one year high of $177.50.

PepsiCo (NASDAQ:PEP) last announced its earnings results on Thursday, July 17th. The company reported $2.12 EPS for the quarter, topping analysts’ consensus estimates of $2.03 by $0.09. The business had revenue of $22.73 billion during 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 firm’s revenue was up 1.0% on a year-over-year basis. During the same period in the previous year, the company posted $2.28 earnings per share. PepsiCo has set its FY 2025 guidance at 8.038-8.038 EPS. Research analysts expect that PepsiCo, Inc. will post 8.3 EPS for the current fiscal year.

PepsiCo Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 30th. Shareholders of record on Friday, September 5th will be issued a $1.4225 dividend. The ex-dividend date is Friday, September 5th. This represents a $5.69 dividend on an annualized basis and a yield of 4.0%. PepsiCo’s payout ratio is currently 103.64%.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on PEP shares. Cowen reiterated a “hold” rating on shares of PepsiCo in a research report on Thursday, July 17th. UBS Group reduced their price objective on shares of PepsiCo from $175.00 to $170.00 and set a “buy” rating on the stock in a research report on Thursday, September 11th. Morgan Stanley raised their target price on shares of PepsiCo from $153.00 to $165.00 and gave the company an “equal weight” rating in a report on Friday, July 18th. Barclays raised their target price on shares of PepsiCo from $132.00 to $144.00 and gave the company an “equal weight” rating in a report on Monday, July 21st. Finally, Royal Bank Of Canada cut their target price on shares of PepsiCo from $146.00 to $145.00 and set a “sector perform” rating for the company in a report on Monday, September 15th. 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 data from MarketBeat, PepsiCo currently has a consensus rating of “Hold” and a consensus price target of $158.60.

PepsiCo 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.