Fulton Breakefield Broenniman LLC Has $1.50 Million Holdings in PepsiCo, Inc. $PEP

Fulton Breakefield Broenniman LLC cut its stake in shares of PepsiCo, Inc. (NASDAQ:PEP) by 86.8% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 11,328 shares of the company’s stock after selling 74,272 shares during the period. Fulton Breakefield Broenniman LLC’s holdings in PepsiCo were worth $1,496,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. Nova Wealth Management Inc. acquired a new stake in shares of PepsiCo during the first quarter worth $25,000. Elite Financial Inc. acquired a new position in PepsiCo in the first quarter valued at about $28,000. Legend Financial Advisors Inc. acquired a new position in PepsiCo in the second quarter valued at about $29,000. Investment Research & Advisory Group Inc. grew its stake in PepsiCo by 263.6% in the second quarter. Investment Research & Advisory Group Inc. now owns 320 shares of the company’s stock valued at $42,000 after acquiring an additional 232 shares during the period. Finally, RMG Wealth Management LLC acquired a new position in PepsiCo in the second quarter valued at about $45,000. 73.07% of the stock is owned by institutional investors and hedge funds.

PepsiCo Stock Performance

PEP opened at $138.84 on Thursday. PepsiCo, Inc. has a 52-week low of $127.60 and a 52-week high of $177.50. The firm has a market capitalization of $190.08 billion, a PE ratio of 25.29, a PEG ratio of 3.55 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 business’s 50-day simple moving average is $144.18 and its 200 day simple moving average is $139.30.

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. PepsiCo had a return on equity of 57.81% and a net margin of 8.23%.The business had revenue of $22.73 billion for the quarter, compared to analyst estimates of $22.28 billion. During the same quarter in the prior year, the company posted $2.28 earnings per share. PepsiCo’s revenue was up 1.0% on a year-over-year basis. PepsiCo has set its FY 2025 guidance at 8.038-8.038 EPS. As a group, sell-side analysts expect that PepsiCo, Inc. will post 8.3 earnings per share for the current fiscal year.

PepsiCo Dividend Announcement

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

Analyst Ratings Changes

A number of research analysts have issued reports on PEP shares. Morgan Stanley boosted their target price on PepsiCo from $153.00 to $165.00 and gave the company an “equal weight” rating in a research note on Friday, July 18th. Royal Bank Of Canada decreased their target price on PepsiCo from $146.00 to $145.00 and set a “sector perform” rating for the company in a research note on Monday, September 15th. Bank of America decreased their target price on PepsiCo from $150.00 to $145.00 and set a “neutral” rating for the company in a research note on Friday, July 11th. Citigroup reduced their price objective on PepsiCo from $168.00 to $165.00 and set a “buy” rating for the company in a research report on Thursday, September 25th. Finally, JPMorgan Chase & Co. reduced their price objective on PepsiCo from $157.00 to $151.00 and set a “neutral” rating for the company in a research report on Monday. Four analysts have rated the stock with a Buy rating, fifteen have given a Hold rating and two have given a Sell rating to the stock. According to MarketBeat.com, PepsiCo has an average rating of “Hold” and an average target price 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.