Evernest Financial Advisors LLC Sells 887 Shares of PepsiCo, Inc. $PEP

Evernest Financial Advisors LLC cut its stake in PepsiCo, Inc. (NASDAQ:PEP) by 27.9% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 2,290 shares of the company’s stock after selling 887 shares during the period. Evernest Financial Advisors LLC’s holdings in PepsiCo were worth $302,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently modified their holdings of the stock. WealthPlan Investment Management LLC raised its stake in shares of PepsiCo by 13.7% in the second quarter. WealthPlan Investment Management LLC now owns 87,112 shares of the company’s stock worth $11,502,000 after acquiring an additional 10,508 shares during the last quarter. Alta Capital Management LLC raised its stake in shares of PepsiCo by 10.1% in the second quarter. Alta Capital Management LLC now owns 24,314 shares of the company’s stock worth $3,210,000 after acquiring an additional 2,222 shares during the last quarter. Callahan Advisors LLC raised its stake in shares of PepsiCo by 2.8% in the second quarter. Callahan Advisors LLC now owns 130,514 shares of the company’s stock worth $17,233,000 after acquiring an additional 3,573 shares during the last quarter. Uptick Partners LLC grew its position in shares of PepsiCo by 30.9% during the 2nd quarter. Uptick Partners LLC now owns 5,200 shares of the company’s stock worth $687,000 after buying an additional 1,229 shares during the period. Finally, Smart Portfolios LLC raised its stake in shares of PepsiCo by 5.1% during the second quarter. Smart Portfolios LLC now owns 3,493 shares of the company’s stock worth $461,000 after buying an additional 170 shares during the last quarter. 73.07% of the stock is owned by institutional investors.

PepsiCo Stock Down 0.3%

Shares of NASDAQ PEP opened at $151.16 on Thursday. The stock has a market cap of $206.69 billion, a P/E ratio of 28.74, a P/E/G ratio of 3.69 and a beta of 0.46. The firm has a 50 day moving average price of $145.17 and a 200 day moving average price of $139.35. The company has a debt-to-equity ratio of 2.26, a quick ratio of 0.72 and a current ratio of 0.91. PepsiCo, Inc. has a 52-week low of $127.60 and a 52-week high of $177.50.

PepsiCo (NASDAQ:PEP) last issued its quarterly earnings data on Thursday, October 9th. The company reported $2.29 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.26 by $0.03. The firm had revenue of $23.94 billion during the quarter, compared to analysts’ expectations of $23.91 billion. PepsiCo had a net margin of 7.82% and a return on equity of 57.58%. The business’s revenue for the quarter was up 2.7% on a year-over-year basis. During the same quarter in the previous year, the company earned $2.31 earnings per share. PepsiCo has set its FY 2025 guidance at 8.120-8.120 EPS. Analysts expect 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 given a dividend of $1.4225 per share. The ex-dividend date of this dividend was Friday, September 5th. This represents a $5.69 annualized dividend and a dividend yield of 3.8%. PepsiCo’s dividend payout ratio is currently 108.17%.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on the stock. Jefferies Financial Group boosted their price target on shares of PepsiCo from $161.00 to $163.00 and gave the stock a “hold” rating in a research note on Friday, October 10th. The Goldman Sachs Group boosted their price target on shares of PepsiCo from $165.00 to $167.00 and gave the stock a “buy” rating in a research note on Friday, October 10th. Morgan Stanley boosted their price target on shares of PepsiCo from $153.00 to $165.00 and gave the stock an “equal weight” rating in a research note on Friday, July 18th. Citigroup dropped their price target 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, Deutsche Bank Aktiengesellschaft reissued a “buy” rating on shares of PepsiCo in a research note on Thursday, July 17th. Six investment analysts have rated the stock with a Buy rating, fourteen have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $156.00.

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.