PepsiCo, Inc. $PEP Shares Sold by AdvisorNet Financial Inc

AdvisorNet Financial Inc lessened its holdings in shares of PepsiCo, Inc. (NASDAQ:PEP) by 2.5% during the 2nd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 8,265 shares of the company’s stock after selling 215 shares during the period. AdvisorNet Financial Inc’s holdings in PepsiCo were worth $1,091,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in PEP. Brighton Jones LLC raised its position in shares of 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 acquiring an additional 6,574 shares in the last quarter. Bank Pictet & Cie Europe AG increased its position in PepsiCo by 2.5% during the fourth quarter. Bank Pictet & Cie Europe AG now owns 470,387 shares of the company’s stock worth $71,527,000 after buying an additional 11,538 shares during the period. Vermillion Wealth Management Inc. acquired a new position in PepsiCo during the fourth quarter worth approximately $78,000. United Advisor Group LLC increased its position in PepsiCo by 19.4% during the fourth quarter. United Advisor Group LLC now owns 3,134 shares of the company’s stock worth $477,000 after buying an additional 509 shares during the period. Finally, Armis Advisers LLC acquired a new position in PepsiCo during the fourth quarter worth approximately $390,000. Institutional investors and hedge funds own 73.07% of the company’s stock.

PepsiCo Stock Down 0.5%

PEP opened at $141.03 on Tuesday. The business’s fifty day moving average is $144.50 and its two-hundred day moving average is $139.87. 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 market cap of $193.08 billion, a price-to-earnings ratio of 25.69, a PEG ratio of 3.58 and a beta of 0.46. PepsiCo, Inc. has a one year low of $127.60 and a one year high of $177.50.

PepsiCo (NASDAQ:PEP) last posted 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. PepsiCo had a return on equity of 57.81% and a net margin of 8.23%.The company had revenue of $22.73 billion for the quarter, compared to the consensus estimate of $22.28 billion. During the same period in the previous year, the business earned $2.28 earnings per share. PepsiCo’s quarterly revenue was up 1.0% compared to the same quarter last year. PepsiCo has set its FY 2025 guidance at 8.038-8.038 EPS. Analysts anticipate that PepsiCo, Inc. will post 8.3 EPS for the current fiscal year.

PepsiCo Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 30th. Stockholders of record on Friday, September 5th will be given a $1.4225 dividend. 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 currently 103.64%.

Wall Street Analysts Forecast Growth

PEP has been the topic of several research analyst reports. Wells Fargo & Company lifted their price target on PepsiCo from $140.00 to $154.00 and gave the stock an “equal weight” rating in a research report on Friday, July 18th. Cowen reaffirmed a “hold” rating on shares of PepsiCo in a research report on Thursday, July 17th. Citigroup lifted their price target on PepsiCo from $160.00 to $168.00 and gave the stock a “buy” rating in a research report on Friday, July 18th. Barclays lifted their price target on PepsiCo from $132.00 to $144.00 and gave the stock an “equal weight” rating in a research report on Monday, July 21st. Finally, Morgan Stanley boosted their target price on PepsiCo from $153.00 to $165.00 and gave the company an “equal weight” rating in a report on Friday, July 18th. Four analysts have rated the stock with a Buy rating, fourteen have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, PepsiCo presently 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.