Clarkston Capital Partners LLC Sells 183,987 Shares of PepsiCo, Inc. $PEP

Clarkston Capital Partners LLC trimmed its holdings in shares of PepsiCo, Inc. (NASDAQ:PEP) by 90.1% in the first quarter, Holdings Channel.com reports. The fund owned 20,183 shares of the company’s stock after selling 183,987 shares during the quarter. Clarkston Capital Partners LLC’s holdings in PepsiCo were worth $3,134,000 at the end of the most recent reporting period.

Several other institutional investors have also made changes to their positions in PEP. Evergreen Advisors LLC bought a new stake in PepsiCo during the 1st quarter worth approximately $25,000. Gunpowder Capital Management LLC dba Oliver Wealth Management acquired a new stake in PepsiCo during the 4th quarter valued at $26,000. Swiss RE Ltd. bought a new position in PepsiCo in the 4th quarter valued at $28,000. MH & Associates Securities Management Corp ADV acquired a new position in PepsiCo in the fourth quarter worth $29,000. Finally, Imprint Wealth LLC acquired a new stake in shares of PepsiCo in the third quarter valued at $31,000. 73.07% of the stock is currently owned by institutional investors and hedge funds.

PepsiCo Price Performance

Shares of PEP opened at $134.95 on Friday. The stock has a 50 day simple moving average of $142.36 and a 200 day simple moving average of $151.03. PepsiCo, Inc. has a 52-week low of $133.73 and a 52-week high of $171.48. The company has a debt-to-equity ratio of 1.91, a quick ratio of 0.74 and a current ratio of 0.93. The firm has a market capitalization of $184.19 billion, a PE ratio of 17.69, a P/E/G ratio of 2.98 and a beta of 0.36.

PepsiCo (NASDAQ:PEP) last issued its quarterly earnings results on Thursday, July 9th. The company reported $2.20 EPS for the quarter, beating analysts’ consensus estimates of $2.19 by $0.01. The company had revenue of $24.18 billion for the quarter, compared to analyst estimates of $23.95 billion. PepsiCo had a return on equity of 54.63% and a net margin of 10.78%.The company’s quarterly revenue was up 6.4% compared to the same quarter last year. During the same period in the previous year, the company posted $0.92 earnings per share. PepsiCo has set its FY 2026 guidance at 8.550-8.710 EPS. Sell-side analysts predict that PepsiCo, Inc. will post 8.58 EPS for the current fiscal year.

PepsiCo Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 30th. Stockholders of record on Friday, September 4th will be paid a dividend of $1.48 per share. The ex-dividend date is Friday, September 4th. This represents a $5.92 annualized dividend and a dividend yield of 4.4%. PepsiCo’s payout ratio is currently 77.59%.

Analysts Set New Price Targets

Several research firms have weighed in on PEP. Jefferies Financial Group lowered their price objective on shares of PepsiCo from $162.00 to $152.00 and set a “hold” rating for the company in a research report on Friday, July 10th. Royal Bank Of Canada reduced their target price on shares of PepsiCo from $163.00 to $161.00 and set a “sector perform” rating on the stock in a research report on Friday, July 10th. Deutsche Bank Aktiengesellschaft set a $155.00 price target on shares of PepsiCo in a report on Friday, July 10th. Wells Fargo & Company dropped their price objective on shares of PepsiCo from $150.00 to $140.00 and set an “equal weight” rating for the company in a research report on Friday, July 10th. Finally, Citigroup lowered PepsiCo from a “buy” rating to a “neutral” rating and decreased their price objective for the company from $170.00 to $145.00 in a research report on Friday, July 10th. Seven investment analysts have rated the stock with a Buy rating, twelve have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $157.90.

PepsiCo Profile

PepsiCo, Inc (NASDAQ: PEP) is a multinational food and beverage company headquartered in Purchase, New York. The company develops, manufactures, markets and sells a broad portfolio of branded food and beverage products, including carbonated and noncarbonated soft drinks, bottled water, sports drinks, juices, ready-to-drink teas and coffees, salty snacks, cereals, and other convenient foods. Its leading consumer brands include Pepsi, Mountain Dew, Gatorade, Tropicana, Quaker, Lay’s, Doritos and Cheetos, among others.

Formed through the 1965 merger of Pepsi-Cola and Frito-Lay, PepsiCo has grown into a global business with integrated manufacturing, distribution and marketing operations.