Tandem Capital Management Corp ADV Has $1.50 Million Holdings in PepsiCo, Inc. $PEP

Tandem Capital Management Corp ADV cut its holdings in PepsiCo, Inc. (NASDAQ:PEP) by 3.8% during the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 11,339 shares of the company’s stock after selling 445 shares during the period. Tandem Capital Management Corp ADV’s holdings in PepsiCo were worth $1,497,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also modified their holdings of the company. Claris Advisors LLC MO grew its stake in PepsiCo by 14.1% during the second quarter. Claris Advisors LLC MO now owns 2,490 shares of the company’s stock worth $329,000 after buying an additional 308 shares in the last quarter. Foster Group Inc. raised its holdings in PepsiCo by 4.6% in the 2nd quarter. Foster Group Inc. now owns 5,169 shares of the company’s stock valued at $683,000 after buying an additional 229 shares during the last quarter. Asset Management One Co. Ltd. raised its holdings in PepsiCo by 3.6% in the 1st quarter. Asset Management One Co. Ltd. now owns 630,906 shares of the company’s stock valued at $94,598,000 after buying an additional 21,859 shares during the last quarter. Ignite Planners LLC raised its holdings in PepsiCo by 4.2% in the 1st quarter. Ignite Planners LLC now owns 3,773 shares of the company’s stock valued at $566,000 after buying an additional 151 shares during the last quarter. Finally, Merit Financial Group LLC raised its holdings in PepsiCo by 46.4% during the 2nd quarter. Merit Financial Group LLC now owns 114,344 shares of the company’s stock worth $15,098,000 after purchasing an additional 36,239 shares during the last quarter. 73.07% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several analysts have recently commented on PEP shares. Wells Fargo & Company reduced their price objective on shares of PepsiCo from $154.00 to $150.00 and set an “equal weight” rating for the company in a research report on Thursday, September 25th. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of PepsiCo in a research report on Saturday, September 27th. UBS Group reduced their price target on shares of PepsiCo from $175.00 to $170.00 and set a “buy” rating for the company in a research report on Thursday, September 11th. Citigroup reduced their price target on shares of 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 target on shares of PepsiCo from $157.00 to $151.00 and set a “neutral” rating for the company in a research report on Monday. Four equities research analysts have rated the stock with a Buy rating, fifteen have assigned a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $158.13.

PepsiCo Price Performance

Shares of NASDAQ:PEP opened at $138.84 on Thursday. The company has a current ratio of 0.78, a quick ratio of 0.60 and a debt-to-equity ratio of 2.12. The stock’s fifty day simple moving average is $144.18 and its two-hundred day simple moving average is $139.30. PepsiCo, Inc. has a 1-year low of $127.60 and a 1-year high of $177.50. 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 issued its quarterly earnings data on Thursday, July 17th. The company reported $2.12 earnings per share for the quarter, beating the consensus estimate of $2.03 by $0.09. The business had revenue of $22.73 billion for 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 business’s revenue was up 1.0% on a year-over-year basis. During the same period last year, the business earned $2.28 EPS. PepsiCo has set its FY 2025 guidance at 8.038-8.038 EPS. As a group, analysts forecast that PepsiCo, Inc. will post 8.3 EPS for the current fiscal 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 paid a dividend of $1.4225 per share. This represents a $5.69 dividend on an annualized basis and a dividend yield of 4.1%. The ex-dividend date was Friday, September 5th. PepsiCo’s payout ratio is presently 103.64%.

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.