Northstar Group Inc. Trims Holdings in PepsiCo, Inc. $PEP

Northstar Group Inc. reduced its stake in shares of PepsiCo, Inc. (NASDAQ:PEP) by 4.0% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 18,424 shares of the company’s stock after selling 776 shares during the quarter. Northstar Group Inc.’s holdings in PepsiCo were worth $2,433,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also recently modified their holdings of PEP. Nova Wealth Management Inc. bought a new stake in shares of PepsiCo during the first quarter valued at approximately $25,000. Elite Financial Inc. bought a new stake in shares of PepsiCo during the first quarter valued at approximately $28,000. Legend Financial Advisors Inc. bought a new stake in shares of PepsiCo during the second quarter valued at approximately $29,000. Investment Research & Advisory Group Inc. raised its position in shares of PepsiCo by 263.6% during the second quarter. Investment Research & Advisory Group Inc. now owns 320 shares of the company’s stock valued at $42,000 after buying an additional 232 shares during the last quarter. Finally, MorganRosel Wealth Management LLC bought a new stake in shares of PepsiCo during the first quarter valued at approximately $55,000. Institutional investors own 73.07% of the company’s stock.

Analyst Ratings Changes

A number of research analysts recently weighed in on PEP shares. 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. Deutsche Bank Aktiengesellschaft reissued a “buy” rating on shares of PepsiCo in a report on Thursday, July 17th. Cowen reissued a “hold” rating on shares of PepsiCo in a report on Thursday, July 17th. Bank of America cut their target price on shares of PepsiCo from $150.00 to $145.00 and set a “neutral” rating for the company in a report on Friday, July 11th. Finally, JPMorgan Chase & Co. cut their target price on shares of PepsiCo from $150.00 to $139.00 and set a “neutral” rating for the company in a report on Thursday, July 10th. Four equities research 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. Based on data from MarketBeat.com, PepsiCo currently has a consensus rating of “Hold” and a consensus price target of $158.13.

PepsiCo Price Performance

PepsiCo stock opened at $143.14 on Thursday. The firm has a 50-day moving average price of $144.43 and a 200-day moving average price of $139.56. The firm has a market capitalization of $195.97 billion, a PE ratio of 26.07, a price-to-earnings-growth ratio of 3.54 and a beta of 0.46. The company has a current ratio of 0.78, a quick ratio of 0.60 and a debt-to-equity ratio of 2.12. PepsiCo, Inc. has a 12-month low of $127.60 and a 12-month high of $177.50.

PepsiCo (NASDAQ:PEP) last released its earnings results on Thursday, July 17th. The company reported $2.12 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.03 by $0.09. The firm had revenue of $22.73 billion during 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%. The business’s revenue was up 1.0% on a year-over-year basis. During the same quarter last year, the business earned $2.28 EPS. 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 EPS for the current year.

PepsiCo Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, September 30th. Stockholders 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 4.0%. The ex-dividend date was Friday, September 5th. PepsiCo’s dividend payout ratio (DPR) is 103.64%.

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.