PepsiCo, Inc. $PEP Shares Sold by Hager Investment Management Services LLC

Hager Investment Management Services LLC decreased its position in PepsiCo, Inc. (NASDAQ:PEP) by 40.8% during the 2nd quarter, according to its most recent disclosure with the SEC. The fund owned 572 shares of the company’s stock after selling 395 shares during the period. Hager Investment Management Services LLC’s holdings in PepsiCo were worth $76,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Nova Wealth Management Inc. acquired a new stake in PepsiCo in the first quarter valued at $25,000. Elite Financial Inc. acquired a new stake in PepsiCo in the first quarter valued at $28,000. Legend Financial Advisors Inc. acquired a new stake in PepsiCo in the second quarter valued at $29,000. Investment Research & Advisory Group Inc. lifted its position 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 valued at $42,000 after acquiring an additional 232 shares in the last quarter. Finally, RMG Wealth Management LLC purchased a new stake in shares of PepsiCo in the second quarter valued at $45,000. Institutional investors and hedge funds own 73.07% of the company’s stock.

PepsiCo Price Performance

PEP stock opened at $138.84 on Thursday. 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, Inc. has a 1 year low of $127.60 and a 1 year high of $177.50. The firm has a market cap of $190.08 billion, a P/E ratio of 25.29, a price-to-earnings-growth ratio of 3.55 and a beta of 0.46. The stock has a 50-day simple moving average of $144.18 and a 200-day simple moving average of $139.30.

PepsiCo (NASDAQ:PEP) last issued its quarterly earnings results on Thursday, July 17th. The company reported $2.12 EPS for the quarter, beating analysts’ consensus estimates of $2.03 by $0.09. The firm had revenue of $22.73 billion during the quarter, compared to the consensus estimate of $22.28 billion. PepsiCo had a return on equity of 57.81% and a net margin of 8.23%.PepsiCo’s revenue for the quarter was up 1.0% on a year-over-year basis. During the same quarter in the prior year, the business posted $2.28 earnings per share. PepsiCo has set its FY 2025 guidance at 8.038-8.038 EPS. On average, equities analysts predict that PepsiCo, Inc. will post 8.3 earnings per share for the current fiscal year.

PepsiCo Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, September 30th. Investors of record on Friday, September 5th were issued 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 dividend payout ratio (DPR) is 103.64%.

Analysts Set New Price Targets

PEP has been the topic of several recent research reports. Morgan Stanley upped their price objective on PepsiCo from $153.00 to $165.00 and gave the company an “equal weight” rating in a research report on Friday, July 18th. Wells Fargo & Company reduced their price objective on PepsiCo from $154.00 to $150.00 and set an “equal weight” rating on the stock in a research report on Thursday, September 25th. Deutsche Bank Aktiengesellschaft restated a “buy” rating on shares of PepsiCo in a report on Thursday, July 17th. Royal Bank Of Canada dropped 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. Finally, Bank of America lowered their price target on PepsiCo from $150.00 to $145.00 and set a “neutral” rating for the company in a report on Friday, July 11th. Four equities research analysts have rated the stock with a Buy rating, fifteen have given a Hold rating and two have issued a Sell rating to the company’s stock. According to MarketBeat, PepsiCo currently has an average rating of “Hold” and an average price target of $158.13.

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.