Appleton Partners Inc. MA Cuts Position in PepsiCo, Inc. $PEP

Appleton Partners Inc. MA lessened its holdings in PepsiCo, Inc. (NASDAQ:PEP) by 5.0% during the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 48,518 shares of the company’s stock after selling 2,541 shares during the period. Appleton Partners Inc. MA’s holdings in PepsiCo were worth $6,406,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Nova Wealth Management Inc. bought a new stake in shares of PepsiCo in the 1st quarter worth approximately $25,000. Elite Financial Inc. bought a new stake in shares of PepsiCo in the 1st quarter worth approximately $28,000. Legend Financial Advisors Inc. bought a new stake in shares of PepsiCo in the 2nd quarter worth approximately $29,000. Investment Research & Advisory Group Inc. raised its holdings in shares of PepsiCo by 263.6% in the 2nd quarter. Investment Research & Advisory Group Inc. now owns 320 shares of the company’s stock worth $42,000 after purchasing an additional 232 shares during the period. Finally, MorganRosel Wealth Management LLC bought a new stake in shares of PepsiCo in the 1st quarter worth approximately $55,000. Hedge funds and other institutional investors own 73.07% of the company’s stock.

PepsiCo Stock Down 0.2%

PEP opened at $141.98 on Monday. The stock has a market cap of $194.38 billion, a PE ratio of 25.86, a P/E/G ratio of 3.58 and a beta of 0.46. The company has a quick ratio of 0.60, a current ratio of 0.78 and a debt-to-equity ratio of 2.12. PepsiCo, Inc. has a 52 week low of $127.60 and a 52 week high of $177.50. The business’s fifty day simple moving average is $144.36 and its 200 day simple moving average is $139.34.

PepsiCo (NASDAQ:PEP) last released 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 return on equity of 57.81% and a net margin of 8.23%.The business had revenue of $22.73 billion for the quarter, compared to analysts’ expectations of $22.28 billion. During the same quarter in the prior year, the firm earned $2.28 earnings per share. The firm’s revenue was up 1.0% on a year-over-year basis. PepsiCo has set its FY 2025 guidance at 8.038-8.038 EPS. As a group, research analysts expect that PepsiCo, Inc. will post 8.3 earnings per share for the current fiscal year.

PepsiCo Announces Dividend

The firm also recently declared 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. This represents a $5.69 annualized dividend and a yield of 4.0%. The ex-dividend date was Friday, September 5th. PepsiCo’s dividend payout ratio is presently 103.64%.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on PEP shares. Wells Fargo & Company lowered their target price on shares of PepsiCo from $154.00 to $150.00 and set an “equal weight” rating on the stock in a report on Thursday, September 25th. Weiss Ratings reissued a “hold (c-)” rating on shares of PepsiCo in a report on Saturday, September 27th. Royal Bank Of Canada lowered their target price on shares of PepsiCo from $146.00 to $145.00 and set a “sector perform” rating on the stock in a report on Monday, September 15th. Deutsche Bank Aktiengesellschaft reissued a “buy” rating on shares of PepsiCo in a report on Thursday, July 17th. Finally, UBS Group lowered their target price on shares of PepsiCo from $175.00 to $170.00 and set a “buy” rating on the stock in a report on Thursday, September 11th. Four investment analysts have rated the stock with a Buy rating, fourteen have given a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat.com, PepsiCo has a consensus rating of “Hold” and an average target price of $157.87.

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.