Wealth Architects LLC Reduces Holdings in PepsiCo, Inc. $PEP

Wealth Architects LLC cut its holdings in shares of PepsiCo, Inc. (NASDAQ:PEP) by 26.7% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 2,300 shares of the company’s stock after selling 837 shares during the quarter. Wealth Architects LLC’s holdings in PepsiCo were worth $304,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds also recently made changes to their positions in the company. Nuveen LLC purchased a new position in PepsiCo during the 1st quarter valued at about $946,978,000. Kingstone Capital Partners Texas LLC bought a new position in shares of PepsiCo in the 2nd quarter worth $460,110,000. Vanguard Group Inc. raised its position in PepsiCo by 1.4% during the first quarter. Vanguard Group Inc. now owns 135,174,252 shares of the company’s stock valued at $20,268,027,000 after purchasing an additional 1,802,748 shares in the last quarter. Charles Schwab Investment Management Inc. raised its holdings in shares of PepsiCo by 5.0% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 26,475,241 shares of the company’s stock valued at $3,969,698,000 after buying an additional 1,258,198 shares in the last quarter. Finally, Deutsche Bank AG lifted its holdings in shares of PepsiCo by 14.3% in the 1st quarter. Deutsche Bank AG now owns 9,296,022 shares of the company’s stock worth $1,393,846,000 after acquiring an additional 1,165,745 shares during the last quarter. 73.07% of the stock is currently owned by hedge funds and other institutional investors.

PepsiCo Trading Up 3.7%

NASDAQ:PEP opened at $150.08 on Monday. The company has a 50-day moving average price of $144.53 and a 200-day moving average price of $139.19. The stock has a market cap of $205.47 billion, a price-to-earnings ratio of 28.53, a P/E/G ratio of 3.75 and a beta of 0.46. The company has a current ratio of 0.91, a quick ratio of 0.72 and a debt-to-equity ratio of 2.26. PepsiCo, Inc. has a 12 month low of $127.60 and a 12 month high of $177.50.

PepsiCo (NASDAQ:PEP) last released its quarterly earnings results on Thursday, October 9th. The company reported $2.29 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.26 by $0.03. The company had revenue of $23.94 billion during the quarter, compared to the consensus estimate of $23.91 billion. PepsiCo had a net margin of 7.82% and a return on equity of 57.58%. PepsiCo’s revenue was up 2.7% on a year-over-year basis. During the same period in the prior year, the firm earned $2.31 earnings per share. 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 company also recently declared a quarterly dividend, which was paid on Tuesday, September 30th. Investors of record on Friday, September 5th were given a dividend of $1.4225 per share. The ex-dividend date was Friday, September 5th. This represents a $5.69 annualized dividend and a dividend yield of 3.8%. PepsiCo’s payout ratio is currently 108.17%.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on PEP shares. Weiss Ratings reissued a “hold (c-)” rating on shares of PepsiCo in a research note on Saturday, September 27th. Barclays increased their price target on shares of PepsiCo from $140.00 to $142.00 and gave the company an “equal weight” rating in a research report on Friday. Morgan Stanley raised their price target on shares of PepsiCo from $153.00 to $165.00 and gave the stock an “equal weight” rating in a report on Friday, July 18th. Citigroup lowered their price objective on shares of PepsiCo from $168.00 to $165.00 and set a “buy” rating for the company in a research note on Thursday, September 25th. Finally, HSBC raised their target price on PepsiCo from $145.00 to $152.00 and gave the stock a “hold” rating in a research note on Friday. Five research analysts have rated the stock with a Buy rating and fourteen have assigned a Hold rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $157.75.

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.