Mezzasalma Advisors LLC Sells 596 Shares of PepsiCo, Inc. $PEP

Mezzasalma Advisors LLC lowered its position in PepsiCo, Inc. (NASDAQ:PEP) by 23.3% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 1,965 shares of the company’s stock after selling 596 shares during the quarter. Mezzasalma Advisors LLC’s holdings in PepsiCo were worth $259,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. Nuveen LLC bought a new position in shares of PepsiCo during the 1st quarter worth about $946,978,000. Kingstone Capital Partners Texas LLC acquired a new position in PepsiCo in the second quarter worth about $460,110,000. Vanguard Group Inc. lifted its stake in PepsiCo by 1.4% during the first quarter. Vanguard Group Inc. now owns 135,174,252 shares of the company’s stock worth $20,268,027,000 after purchasing an additional 1,802,748 shares during the period. Charles Schwab Investment Management Inc. boosted its holdings in PepsiCo by 5.0% during the first quarter. Charles Schwab Investment Management Inc. now owns 26,475,241 shares of the company’s stock valued at $3,969,698,000 after purchasing an additional 1,258,198 shares in the last quarter. Finally, Deutsche Bank AG grew its stake 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 valued at $1,393,846,000 after purchasing an additional 1,165,745 shares during the period. 73.07% of the stock is currently owned by institutional investors.

PepsiCo Price Performance

Shares of PEP stock opened at $153.71 on Friday. The firm has a market cap of $210.17 billion, a price-to-earnings ratio of 29.22, a PEG ratio of 3.74 and a beta of 0.46. 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 0.72, a current ratio of 0.91 and a debt-to-equity ratio of 2.26. The stock has a 50-day moving average price of $145.51 and a 200 day moving average price of $139.33.

PepsiCo (NASDAQ:PEP) last issued its earnings results on Thursday, October 9th. The company reported $2.29 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.26 by $0.03. PepsiCo had a net margin of 7.82% and a return on equity of 57.58%. The company had revenue of $23.94 billion for the quarter, compared to analyst estimates of $23.91 billion. During the same quarter last year, the firm earned $2.31 EPS. The company’s revenue for the quarter was up 2.7% on a year-over-year basis. PepsiCo has set its FY 2025 guidance at 8.120-8.120 EPS. Research analysts expect that PepsiCo, Inc. will post 8.3 EPS for the current year.

PepsiCo Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, September 30th. Shareholders 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 3.7%. PepsiCo’s payout ratio is presently 108.17%.

Analysts Set New Price Targets

Several equities analysts recently commented on PEP shares. Deutsche Bank Aktiengesellschaft restated a “buy” rating on shares of PepsiCo in a research report on Thursday, July 17th. Citigroup cut their price objective on PepsiCo from $168.00 to $165.00 and set a “buy” rating for the company in a report on Thursday, September 25th. Cowen reaffirmed a “hold” rating on shares of PepsiCo in a report on Thursday, July 17th. UBS Group cut their price target on shares of PepsiCo from $175.00 to $170.00 and set a “buy” rating for the company in a report on Thursday, September 11th. Finally, Rothschild & Co Redburn upped their price objective on shares of PepsiCo from $115.00 to $117.00 and gave the stock a “sell” rating in a research note on Monday, October 13th. Six research 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, PepsiCo currently has a consensus rating of “Hold” and a consensus price target 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.