Argus Investors Counsel Inc. Has $412,000 Stake in PepsiCo, Inc. $PEP

Argus Investors Counsel Inc. lowered its position in PepsiCo, Inc. (NASDAQ:PEP) by 15.9% in the 2nd quarter, HoldingsChannel.com reports. The institutional investor owned 3,124 shares of the company’s stock after selling 590 shares during the quarter. Argus Investors Counsel Inc.’s holdings in PepsiCo were worth $412,000 at the end of the most recent quarter.

A number of other hedge funds have also recently bought and sold shares of PEP. Nova Wealth Management Inc. purchased a new position in shares of PepsiCo during the first quarter worth about $25,000. Elite Financial Inc. bought a new stake in PepsiCo during the first quarter worth approximately $28,000. Legend Financial Advisors Inc. bought a new position in PepsiCo during the 2nd quarter worth about $29,000. MorganRosel Wealth Management LLC purchased a new stake in shares of PepsiCo during the first quarter valued at $55,000. Finally, Migdal Insurance & Financial Holdings Ltd. purchased a new position in shares of PepsiCo during the 1st quarter valued at approximately $58,000. 73.07% of the stock is owned by hedge funds and other institutional investors.

PepsiCo Stock Up 0.4%

Shares of PepsiCo stock opened at $140.44 on Friday. The firm has a market cap of $192.27 billion, a PE ratio of 25.58, a P/E/G ratio of 3.54 and a beta of 0.46. The business’s 50 day simple moving average is $144.63 and its 200 day simple moving average is $139.65. PepsiCo, Inc. has a 52-week low of $127.60 and a 52-week high of $177.50. 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 (NASDAQ:PEP) last issued its quarterly 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 company had revenue of $22.73 billion for the quarter, compared to analyst estimates of $22.28 billion. PepsiCo had a net margin of 8.23% and a return on equity of 57.81%. PepsiCo’s revenue was up 1.0% compared to the same quarter last year. During the same quarter in the previous year, the business earned $2.28 earnings per share. PepsiCo has set its FY 2025 guidance at 8.038-8.038 EPS. On average, analysts predict that PepsiCo, Inc. will post 8.3 earnings per share for the current fiscal year.

PepsiCo Announces Dividend

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 dividend of $1.4225 per share. The ex-dividend date is Friday, September 5th. This represents a $5.69 dividend on an annualized basis and a yield of 4.1%. PepsiCo’s dividend payout ratio (DPR) is presently 103.64%.

Analyst Ratings Changes

A number of research analysts have recently commented on the company. Morgan Stanley increased their price objective on PepsiCo from $153.00 to $165.00 and gave the company an “equal weight” rating in a report on Friday, July 18th. JPMorgan Chase & Co. decreased their target price on PepsiCo from $150.00 to $139.00 and set a “neutral” rating for the company in a report on Thursday, July 10th. Cowen restated a “hold” rating on shares of PepsiCo in a research note 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 note on Thursday, September 11th. Finally, Royal Bank Of Canada reduced their price objective on PepsiCo from $146.00 to $145.00 and set a “sector perform” rating on the stock in a research note on Monday, September 15th. Four research analysts have rated the stock with a Buy rating, fourteen have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $158.13.

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.