Viewpoint Capital Management LLC Cuts Stake in PepsiCo, Inc. $PEP

Viewpoint Capital Management LLC trimmed its holdings in PepsiCo, Inc. (NASDAQ:PEP) by 1.8% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 16,714 shares of the company’s stock after selling 298 shares during the quarter. PepsiCo makes up approximately 1.1% of Viewpoint Capital Management LLC’s holdings, making the stock its 26th biggest position. Viewpoint Capital Management LLC’s holdings in PepsiCo were worth $2,207,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Nova Wealth Management Inc. purchased a new position in PepsiCo during the first quarter valued at $25,000. Elite Financial Inc. bought a new position in shares of PepsiCo during the 1st quarter valued at about $28,000. Legend Financial Advisors Inc. purchased a new position in shares of PepsiCo during the second quarter valued at about $29,000. Investment Research & Advisory Group Inc. increased its holdings in shares of PepsiCo by 263.6% in the second quarter. Investment Research & Advisory Group Inc. now owns 320 shares of the company’s stock worth $42,000 after purchasing an additional 232 shares during the last quarter. Finally, MorganRosel Wealth Management LLC bought a new position in PepsiCo during the first quarter valued at approximately $55,000. Institutional investors own 73.07% of the company’s stock.

PepsiCo Trading Down 1.6%

NASDAQ PEP opened at $139.70 on Tuesday. PepsiCo, Inc. has a 12 month low of $127.60 and a 12 month high of $177.50. The company’s 50-day moving average price is $144.32 and its 200-day moving average price is $139.30. The stock has a market cap of $191.26 billion, a PE ratio of 25.45, a PEG ratio of 3.58 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 (NASDAQ:PEP) last released 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 company had revenue of $22.73 billion during the quarter, compared to analysts’ expectations of $22.28 billion. PepsiCo had a net margin of 8.23% and a return on equity of 57.81%. The firm’s quarterly revenue was up 1.0% on a year-over-year basis. During the same period in the previous year, the company earned $2.28 EPS. PepsiCo has set its FY 2025 guidance at 8.038-8.038 EPS. Equities research analysts forecast that PepsiCo, Inc. will post 8.3 earnings per share for the current year.

PepsiCo Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, September 30th. Shareholders of record on Friday, September 5th were given a dividend of $1.4225 per share. The ex-dividend date of this dividend was Friday, September 5th. This represents a $5.69 dividend on an annualized basis and a yield of 4.1%. PepsiCo’s payout ratio is 103.64%.

Wall Street Analysts Forecast Growth

Several analysts have recently issued reports on the company. Wells Fargo & Company decreased their price objective on PepsiCo from $154.00 to $150.00 and set an “equal weight” rating on the stock in a report on Thursday, September 25th. Deutsche Bank Aktiengesellschaft reissued a “buy” rating on shares of PepsiCo in a research note on Thursday, July 17th. Cowen reaffirmed a “hold” rating on shares of PepsiCo in a report on Thursday, July 17th. BNP Paribas Exane decreased their price objective on PepsiCo from $152.00 to $150.00 and set a “neutral” rating on the stock in a research report on Monday. Finally, UBS Group cut their target price on PepsiCo from $175.00 to $170.00 and set a “buy” rating on the stock in a research report on Thursday, September 11th. Four analysts have rated the stock with a Buy rating, fifteen have assigned a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $158.13.

PepsiCo Company 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.