Birch Capital Management LLC Sells 94 Shares of PepsiCo, Inc. $PEP

Birch Capital Management LLC decreased its position in shares of PepsiCo, Inc. (NASDAQ:PEP) by 7.6% in the 2nd quarter, Holdings Channel reports. The fund owned 1,151 shares of the company’s stock after selling 94 shares during the quarter. Birch Capital Management LLC’s holdings in PepsiCo were worth $152,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Brighton Jones LLC boosted its position in shares of PepsiCo by 12.4% in the fourth quarter. Brighton Jones LLC now owns 59,392 shares of the company’s stock valued at $9,031,000 after acquiring an additional 6,574 shares during the period. Wedge Capital Management L L P NC bought a new position in shares of PepsiCo in the first quarter valued at approximately $408,000. GAMMA Investing LLC boosted its position in shares of PepsiCo by 28.1% in the first quarter. GAMMA Investing LLC now owns 30,603 shares of the company’s stock valued at $4,589,000 after acquiring an additional 6,712 shares during the period. Redhawk Wealth Advisors Inc. boosted its position in shares of PepsiCo by 4.4% in the first quarter. Redhawk Wealth Advisors Inc. now owns 3,002 shares of the company’s stock valued at $450,000 after acquiring an additional 127 shares during the period. Finally, Coerente Capital Management boosted its position in shares of PepsiCo by 0.5% in the first quarter. Coerente Capital Management now owns 133,266 shares of the company’s stock valued at $19,982,000 after acquiring an additional 620 shares during the period. Institutional investors own 73.07% of the company’s stock.

PepsiCo Stock Performance

Shares of NASDAQ PEP opened at $144.71 on Friday. The company has a current ratio of 0.78, a quick ratio of 0.60 and a debt-to-equity ratio of 2.12. The stock’s 50-day moving average is $144.32 and its 200 day moving average is $139.29. The stock has a market cap of $198.12 billion, a price-to-earnings ratio of 26.36, a P/E/G ratio of 3.50 and a beta of 0.46. PepsiCo, Inc. has a 1-year low of $127.60 and a 1-year high of $177.50.

PepsiCo (NASDAQ:PEP) last announced its quarterly earnings results on Thursday, October 9th. The company reported $2.29 EPS for the quarter, topping analysts’ consensus estimates of $2.26 by $0.03. The business had revenue of $23.94 billion for the quarter, compared to analysts’ expectations of $23.91 billion. PepsiCo had a return on equity of 57.81% and a net margin of 8.23%.The business’s quarterly revenue was up 2.7% on a year-over-year basis. During the same period in the previous year, the firm earned $2.31 EPS. PepsiCo has set its FY 2025 guidance at 8.120-8.120 EPS. On average, sell-side analysts anticipate that PepsiCo, Inc. will post 8.3 EPS for the current fiscal year.

PepsiCo Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, September 30th. Shareholders of record on Friday, September 5th were paid a $1.4225 dividend. This represents a $5.69 dividend on an annualized basis and a yield of 3.9%. The ex-dividend date of this dividend was Friday, September 5th. PepsiCo’s payout ratio is 103.64%.

Analyst Upgrades and Downgrades

PEP has been the subject of a number of analyst reports. Cowen restated a “hold” rating on shares of PepsiCo in a research report on Thursday, July 17th. JPMorgan Chase & Co. lowered their price target on PepsiCo from $157.00 to $151.00 and set a “neutral” rating on the stock in a report on Monday. Bank of America lowered their price target on PepsiCo from $150.00 to $145.00 and set a “neutral” rating on the stock in a report on Friday, July 11th. Wells Fargo & Company lowered their price target on PepsiCo from $154.00 to $150.00 and set an “equal weight” rating on the stock in a report on Thursday, September 25th. Finally, UBS Group lowered their price target on 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 one has assigned a Sell rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $158.13.

PepsiCo Company 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.