Alesco Advisors LLC Sells 107 Shares of PepsiCo, Inc. $PEP

Alesco Advisors LLC trimmed its position in shares of PepsiCo, Inc. (NASDAQ:PEP) by 3.7% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 2,800 shares of the company’s stock after selling 107 shares during the period. Alesco Advisors LLC’s holdings in PepsiCo were worth $370,000 as of its most recent SEC filing.

Other hedge funds also recently added to or reduced their stakes in the company. Nova Wealth Management Inc. bought a new position in PepsiCo during the 1st quarter valued at about $25,000. Elite Financial Inc. purchased a new stake in PepsiCo in the 1st quarter valued at about $28,000. Sunbeam Capital Management LLC purchased a new stake in PepsiCo in the 4th quarter valued at about $47,000. MorganRosel Wealth Management LLC purchased a new stake in PepsiCo in the 1st quarter valued at about $55,000. Finally, Migdal Insurance & Financial Holdings Ltd. purchased a new stake in PepsiCo in the 1st quarter valued at about $58,000. 73.07% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on the stock. Barclays boosted their price objective on shares of PepsiCo from $132.00 to $144.00 and gave the company an “equal weight” rating in a research report on Monday, July 21st. UBS Group lowered their price target on shares of PepsiCo from $175.00 to $170.00 and set a “buy” rating for the company in a research report on Thursday, September 11th. Morgan Stanley upped their price target on shares of PepsiCo from $153.00 to $165.00 and gave the stock an “equal weight” rating in a research report on Friday, July 18th. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating on shares of PepsiCo in a research report on Thursday, July 17th. Finally, Royal Bank Of Canada reaffirmed a “sector perform” rating and issued a $146.00 price target on shares of PepsiCo in a research report on Wednesday, September 3rd. Four investment 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, the company presently has an average rating of “Hold” and an average price target of $158.67.

PepsiCo Trading Down 0.4%

NASDAQ:PEP opened at $140.03 on Wednesday. PepsiCo, Inc. has a 52 week low of $127.60 and a 52 week high of $178.09. The firm has a 50 day moving average of $144.03 and a 200 day moving average of $140.35. The company has a quick ratio of 0.60, a current ratio of 0.78 and a debt-to-equity ratio of 2.12. The stock has a market capitalization of $191.71 billion, a price-to-earnings ratio of 25.51, a PEG ratio of 3.56 and a beta of 0.46.

PepsiCo (NASDAQ:PEP) last posted its earnings results on Thursday, July 17th. The company reported $2.12 EPS for the quarter, beating analysts’ consensus estimates of $2.03 by $0.09. PepsiCo had a net margin of 8.23% and a return on equity of 57.81%. The company had revenue of $22.73 billion during the quarter, compared to analysts’ expectations of $22.28 billion. During the same quarter in the prior year, the company posted $2.28 earnings per share. PepsiCo’s revenue for the quarter was up 1.0% compared to the same quarter last year. PepsiCo has set its FY 2025 guidance at 8.038-8.038 EPS. As a group, sell-side analysts anticipate that PepsiCo, Inc. will post 8.3 earnings per share for the current fiscal 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. The ex-dividend date of this dividend is Friday, September 5th. This represents a $5.69 dividend on an annualized basis and a dividend yield of 4.1%. PepsiCo’s dividend payout ratio (DPR) is currently 103.64%.

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.