CRA Financial Services LLC Sells 385 Shares of PepsiCo, Inc. $PEP

CRA Financial Services LLC reduced its stake in shares of PepsiCo, Inc. (NASDAQ:PEP) by 5.5% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 6,631 shares of the company’s stock after selling 385 shares during the quarter. CRA Financial Services LLC’s holdings in PepsiCo were worth $876,000 as of its most recent SEC filing.

Other large investors have also modified their holdings of the company. Nova Wealth Management Inc. purchased a new position in shares of PepsiCo during the first quarter valued at approximately $25,000. Elite Financial Inc. purchased a new stake in shares of PepsiCo during the 1st quarter valued at $28,000. MorganRosel Wealth Management LLC purchased a new stake in shares of PepsiCo during the 1st quarter valued at $55,000. Migdal Insurance & Financial Holdings Ltd. acquired a new position in shares of PepsiCo in the 1st quarter valued at $58,000. Finally, Greykasell Wealth Strategies Inc. acquired a new position in shares of PepsiCo in the 1st quarter valued at $58,000. Hedge funds and other institutional investors own 73.07% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have weighed in on PEP shares. Cowen reiterated a “hold” rating on shares of PepsiCo in a research note on Thursday, July 17th. Morgan Stanley lifted their price objective on PepsiCo from $153.00 to $165.00 and gave the stock an “equal weight” rating in a report on Friday, July 18th. Citigroup lifted their price objective on PepsiCo from $160.00 to $168.00 and gave the stock a “buy” rating in a report on Friday, July 18th. Barclays raised their target price on shares of PepsiCo from $132.00 to $144.00 and gave the stock an “equal weight” rating in a research note on Monday, July 21st. Finally, JPMorgan Chase & Co. decreased their target price on shares of PepsiCo from $150.00 to $139.00 and set a “neutral” rating on the stock in a research note on Thursday, July 10th. Four 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’s stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of $158.60.

PepsiCo Stock Up 0.7%

PEP stock opened at $141.76 on Monday. The stock has a market capitalization of $194.08 billion, a P/E ratio of 25.82, a PEG ratio of 3.58 and a beta of 0.46. The company has a debt-to-equity ratio of 2.12, a quick ratio of 0.60 and a current ratio of 0.78. PepsiCo, Inc. has a one year low of $127.60 and a one year high of $177.50. The company has a 50 day moving average price of $144.39 and a two-hundred day moving average price of $139.97.

PepsiCo (NASDAQ:PEP) last announced its quarterly earnings results on Thursday, July 17th. The company reported $2.12 earnings per share for the quarter, beating analysts’ consensus estimates of $2.03 by $0.09. The company had revenue of $22.73 billion for the quarter, compared to analyst estimates of $22.28 billion. PepsiCo had a net margin of 8.23% and a return on equity of 57.81%. PepsiCo’s revenue for the quarter was up 1.0% on a year-over-year basis. During the same quarter last year, the business earned $2.28 EPS. PepsiCo has set its FY 2025 guidance at 8.038-8.038 EPS. As a group, sell-side analysts expect that PepsiCo, Inc. will post 8.3 EPS for the current year.

PepsiCo Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, September 30th. Shareholders of record on Friday, September 5th will be issued a $1.4225 dividend. This represents a $5.69 dividend on an annualized basis and a dividend yield of 4.0%. The ex-dividend date is Friday, September 5th. PepsiCo’s dividend payout ratio (DPR) is 103.64%.

About PepsiCo

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.