PepsiCo, Inc. $PEP Position Reduced by Asset Planning Inc

Asset Planning Inc cut its position in shares of PepsiCo, Inc. (NASDAQ:PEP) by 13.1% in the second quarter, Holdings Channel.com reports. The institutional investor owned 891 shares of the company’s stock after selling 134 shares during the period. Asset Planning Inc’s holdings in PepsiCo were worth $118,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. Nova Wealth Management Inc. purchased a new stake in shares of PepsiCo in the first quarter worth approximately $25,000. Elite Financial Inc. purchased a new stake in shares of PepsiCo in the first quarter worth approximately $28,000. Legend Financial Advisors Inc. purchased a new stake in shares of PepsiCo in the second quarter worth approximately $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 worth $42,000 after purchasing 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 worth approximately $45,000. 73.07% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms have recently issued reports on PEP. 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, October 6th. Cowen reissued a “hold” rating on shares of PepsiCo in a research report on Thursday, July 17th. BNP Paribas Exane reduced their price target on shares of PepsiCo from $152.00 to $150.00 and set a “neutral” rating for the company in a research report on Monday, October 6th. Barclays increased their price objective on PepsiCo from $140.00 to $142.00 and gave the stock an “equal weight” rating in a report on Friday. Finally, Bank of America increased their price objective on PepsiCo from $150.00 to $155.00 and gave the stock a “neutral” rating in a report on Friday. Five analysts have rated the stock with a Buy rating and fourteen have issued a Hold rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $158.88.

PepsiCo Trading Up 3.7%

Shares of PEP stock opened at $150.08 on Friday. PepsiCo, Inc. has a 12 month low of $127.60 and a 12 month high of $177.50. The company has a quick ratio of 0.60, a current ratio of 0.78 and a debt-to-equity ratio of 2.12. The business’s 50 day moving average is $144.53 and its two-hundred day moving average is $139.26. The company has a market cap of $205.47 billion, a PE ratio of 28.53, a price-to-earnings-growth ratio of 3.76 and a beta of 0.46.

PepsiCo (NASDAQ:PEP) last announced its quarterly earnings results on Thursday, October 9th. The company reported $2.29 EPS for the quarter, beating the consensus estimate of $2.26 by $0.03. PepsiCo had a return on equity of 58.46% and a net margin of 7.82%.The company had revenue of $23.94 billion for the quarter, compared to the consensus estimate of $23.91 billion. During the same quarter last year, the company posted $2.31 earnings per share. The company’s revenue for the quarter was up 2.7% compared to the same quarter last year. PepsiCo has set its FY 2025 guidance at 8.120-8.120 EPS. Equities analysts predict that PepsiCo, Inc. will post 8.3 EPS for the current year.

PepsiCo Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 30th. Stockholders of record on Friday, September 5th were paid a $1.4225 dividend. The ex-dividend date was Friday, September 5th. This represents a $5.69 annualized dividend and a dividend yield of 3.8%. PepsiCo’s dividend payout ratio (DPR) is presently 103.64%.

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.