Harbour Investments Inc. Sells 1,776 Shares of PepsiCo, Inc. $PEP

Harbour Investments Inc. lessened its holdings in shares of PepsiCo, Inc. (NASDAQ:PEP) by 7.2% in the second quarter, HoldingsChannel.com reports. The fund owned 22,972 shares of the company’s stock after selling 1,776 shares during the period. Harbour Investments Inc.’s holdings in PepsiCo were worth $3,033,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. Brighton Jones LLC raised its position in PepsiCo by 12.4% during the fourth quarter. Brighton Jones LLC now owns 59,392 shares of the company’s stock valued at $9,031,000 after purchasing an additional 6,574 shares in the last quarter. GAMMA Investing LLC raised its holdings in shares of PepsiCo by 28.1% during the 1st quarter. GAMMA Investing LLC now owns 30,603 shares of the company’s stock valued at $4,589,000 after buying an additional 6,712 shares in the last quarter. Vicus Capital lifted its position in PepsiCo by 12.2% in the 1st quarter. Vicus Capital now owns 2,552 shares of the company’s stock worth $383,000 after buying an additional 278 shares during the last quarter. GSB Wealth Management LLC boosted its stake in PepsiCo by 0.7% in the first quarter. GSB Wealth Management LLC now owns 17,712 shares of the company’s stock worth $2,656,000 after buying an additional 117 shares in the last quarter. Finally, MN Wealth Advisors LLC grew its position in PepsiCo by 25.7% during the first quarter. MN Wealth Advisors LLC now owns 8,764 shares of the company’s stock valued at $1,314,000 after acquiring an additional 1,794 shares during the last quarter. 73.07% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on PEP. BNP Paribas Exane cut their price objective on shares of PepsiCo from $152.00 to $150.00 and set a “neutral” rating for the company in a research note on Monday, October 6th. JPMorgan Chase & Co. cut 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. HSBC lifted their price objective on PepsiCo from $145.00 to $152.00 and gave the stock a “hold” rating in a report on Friday, October 10th. Morgan Stanley increased their target price on PepsiCo from $153.00 to $165.00 and gave the company an “equal weight” rating in a report on Friday, July 18th. Finally, Weiss Ratings restated a “hold (c)” rating on shares of PepsiCo in a research report on Tuesday. Six equities research analysts have rated the stock with a Buy rating, fourteen have issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $156.00.

PepsiCo Stock Performance

Shares of PEP opened at $151.16 on Thursday. The company has a debt-to-equity ratio of 2.26, a current ratio of 0.91 and a quick ratio of 0.72. PepsiCo, Inc. has a one year low of $127.60 and a one year high of $177.50. The firm has a market capitalization of $206.69 billion, a PE ratio of 28.74, a price-to-earnings-growth ratio of 3.69 and a beta of 0.46. The company has a 50-day simple moving average of $145.17 and a two-hundred day simple moving average of $139.35.

PepsiCo (NASDAQ:PEP) last posted its quarterly earnings data 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 business had revenue of $23.94 billion during the quarter, compared to the consensus estimate of $23.91 billion. PepsiCo had a return on equity of 57.58% and a net margin of 7.82%.The firm’s quarterly revenue was up 2.7% compared to the same quarter last year. During the same quarter in the prior year, the company earned $2.31 earnings per share. PepsiCo has set its FY 2025 guidance at 8.120-8.120 EPS. On average, analysts anticipate that PepsiCo, Inc. will post 8.3 EPS for the current fiscal year.

PepsiCo Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, September 30th. Stockholders of record on Friday, September 5th were issued 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 dividend payout ratio (DPR) is presently 108.17%.

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.