PepsiCo, Inc. $PEP Position Decreased by Baxter Bros Inc.

Baxter Bros Inc. decreased its holdings in shares of PepsiCo, Inc. (NASDAQ:PEP) by 22.3% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 13,230 shares of the company’s stock after selling 3,789 shares during the period. Baxter Bros Inc.’s holdings in PepsiCo were worth $1,747,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently made changes to their positions in PEP. Brighton Jones LLC boosted 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 valued at $9,031,000 after purchasing an additional 6,574 shares in the last quarter. Wedge Capital Management L L P NC purchased a new position in PepsiCo in the 1st quarter worth about $408,000. Pallas Capital Advisors LLC increased its stake in PepsiCo by 272.8% in the 1st quarter. Pallas Capital Advisors LLC now owns 9,678 shares of the company’s stock worth $1,451,000 after purchasing an additional 7,082 shares in the last quarter. GAMMA Investing LLC increased its stake in PepsiCo by 28.1% in the 1st quarter. GAMMA Investing LLC now owns 30,603 shares of the company’s stock worth $4,589,000 after purchasing an additional 6,712 shares in the last quarter. Finally, Integrated Advisors Network LLC increased its stake in PepsiCo by 107.1% in the 1st quarter. Integrated Advisors Network LLC now owns 35,757 shares of the company’s stock worth $5,361,000 after purchasing an additional 18,489 shares in the last quarter. Institutional investors own 73.07% of the company’s stock.

PepsiCo Trading Down 1.4%

NASDAQ:PEP opened at $138.84 on Thursday. The company has a debt-to-equity ratio of 2.12, a current ratio of 0.78 and a quick ratio of 0.60. PepsiCo, Inc. has a fifty-two week low of $127.60 and a fifty-two week high of $177.50. The stock’s 50-day moving average is $144.18 and its two-hundred day moving average is $139.30. The stock has a market cap of $190.08 billion, a PE ratio of 25.29, a price-to-earnings-growth ratio of 3.55 and a beta of 0.46.

PepsiCo (NASDAQ:PEP) last announced its quarterly earnings results on Thursday, July 17th. The company reported $2.12 EPS for the quarter, beating the consensus estimate of $2.03 by $0.09. The business had revenue of $22.73 billion during the quarter, compared to analysts’ expectations of $22.28 billion. PepsiCo had a return on equity of 57.81% and a net margin of 8.23%.The firm’s quarterly revenue was up 1.0% compared to the same quarter last year. During the same quarter in the previous year, the business posted $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 earnings per share for the current fiscal year.

PepsiCo Announces Dividend

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

Analysts Set New Price Targets

PEP has been the topic of a number of analyst reports. Citigroup dropped their price target on PepsiCo from $168.00 to $165.00 and set a “buy” rating on the stock in a research note on Thursday, September 25th. Deutsche Bank Aktiengesellschaft reissued a “buy” rating on shares of PepsiCo in a research note on Thursday, July 17th. Wells Fargo & Company dropped their price target on PepsiCo from $154.00 to $150.00 and set an “equal weight” rating on the stock in a research note on Thursday, September 25th. Royal Bank Of Canada dropped their price target 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. Finally, UBS Group lowered their target price on PepsiCo from $175.00 to $170.00 and set a “buy” rating on the stock in a research note on Thursday, September 11th. Four research analysts have rated the stock with a Buy rating, fifteen have given a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus 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.