Lyell Wealth Management LP Sells 3,173 Shares of PepsiCo, Inc. $PEP

Lyell Wealth Management LP cut its holdings in PepsiCo, Inc. (NASDAQ:PEP) by 26.0% during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 9,048 shares of the company’s stock after selling 3,173 shares during the period. Lyell Wealth Management LP’s holdings in PepsiCo were worth $1,195,000 at the end of the most recent quarter.

Other large investors have also added to or reduced their stakes in the company. Nova Wealth Management Inc. bought a new position in shares of PepsiCo in the 1st quarter valued at about $25,000. Elite Financial Inc. acquired a new position in PepsiCo during the first quarter valued at approximately $28,000. Legend Financial Advisors Inc. bought a new position in PepsiCo in the second quarter valued at approximately $29,000. Frazier Financial Advisors LLC increased its position in shares of PepsiCo by 85.3% during the 2nd quarter. Frazier Financial Advisors LLC now owns 265 shares of the company’s stock worth $35,000 after purchasing an additional 122 shares during the last quarter. Finally, RMG Wealth Management LLC bought a new stake in shares of PepsiCo during the 2nd quarter worth approximately $45,000. Institutional investors and hedge funds own 73.07% of the company’s stock.

PepsiCo Stock Up 0.7%

Shares of PEP opened at $153.71 on Monday. The firm has a market cap of $210.17 billion, a P/E ratio of 29.22, a price-to-earnings-growth ratio of 3.74 and a beta of 0.46. 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. The firm’s 50-day simple moving average is $145.51 and its 200 day simple moving average is $139.25.

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, topping analysts’ consensus estimates of $2.26 by $0.03. PepsiCo had a return on equity of 57.58% and a net margin of 7.82%.The company had revenue of $23.94 billion during the quarter, compared to analysts’ expectations of $23.91 billion. During the same quarter in the previous year, the company posted $2.31 earnings per share. The business’s revenue was up 2.7% on a year-over-year basis. PepsiCo has set its FY 2025 guidance at 8.120-8.120 EPS. On average, analysts forecast that PepsiCo, Inc. will post 8.3 earnings per share for the current year.

PepsiCo Dividend Announcement

The company also recently disclosed 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 yield of 3.7%. PepsiCo’s dividend payout ratio (DPR) is presently 108.17%.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on PEP shares. Evercore ISI raised their target price on shares of PepsiCo from $150.00 to $152.00 in a research note on Friday, October 10th. Cowen reissued a “hold” rating on shares of PepsiCo in a research report on Thursday, July 17th. Morgan Stanley boosted their price objective 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 cut their target price 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, BNP Paribas Exane reduced their price target on PepsiCo from $152.00 to $150.00 and set a “neutral” rating for the company in a report on Monday, October 6th. Six equities research analysts have rated the stock with a Buy rating, fourteen have assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, PepsiCo currently has a consensus rating of “Hold” and a consensus price target of $156.00.

PepsiCo 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.