Equitable Trust Co. Decreases Stake in PepsiCo, Inc. $PEP

Equitable Trust Co. lessened its holdings in shares of PepsiCo, Inc. (NASDAQ:PEP) by 3.2% during the 2nd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 29,208 shares of the company’s stock after selling 972 shares during the period. Equitable Trust Co.’s holdings in PepsiCo were worth $3,857,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. TD Asset Management Inc raised its position in shares of PepsiCo by 1.4% during the 2nd quarter. TD Asset Management Inc now owns 1,201,597 shares of the company’s stock worth $158,659,000 after acquiring an additional 17,139 shares in the last quarter. Frazier Financial Advisors LLC raised its position in shares of PepsiCo by 85.3% during the 2nd quarter. Frazier Financial Advisors LLC now owns 265 shares of the company’s stock worth $35,000 after acquiring an additional 122 shares in the last quarter. Edmp Inc. raised its position in shares of PepsiCo by 12.9% during the 2nd quarter. Edmp Inc. now owns 12,183 shares of the company’s stock worth $1,609,000 after acquiring an additional 1,396 shares in the last quarter. Morningstar Investment Management LLC increased its holdings in shares of PepsiCo by 19.0% in the second quarter. Morningstar Investment Management LLC now owns 17,316 shares of the company’s stock valued at $2,286,000 after purchasing an additional 2,769 shares during the period. Finally, Perfromance Wealth Partners LLC increased its holdings in shares of PepsiCo by 11.8% in the second quarter. Perfromance Wealth Partners LLC now owns 2,933 shares of the company’s stock valued at $387,000 after purchasing an additional 310 shares during the period. Institutional investors and hedge funds own 73.07% of the company’s stock.

PepsiCo Stock Performance

NASDAQ PEP opened at $148.89 on Tuesday. The business’s 50-day moving average price is $144.72 and its 200 day moving average price is $139.18. PepsiCo, Inc. has a twelve month low of $127.60 and a twelve month high of $177.50. The company has a market capitalization of $203.58 billion, a PE ratio of 28.31, a price-to-earnings-growth ratio of 3.75 and a beta of 0.46. The company has a current ratio of 0.91, a quick ratio of 0.72 and a debt-to-equity ratio of 2.26.

PepsiCo (NASDAQ:PEP) last released its earnings results on Thursday, October 9th. The company reported $2.29 earnings per share for the quarter, topping the consensus estimate of $2.26 by $0.03. The firm had revenue of $23.94 billion for the quarter, compared to the consensus estimate of $23.91 billion. PepsiCo had a return on equity of 57.58% and a net margin of 7.82%.The firm’s revenue for the quarter was up 2.7% compared to the same quarter last year. During the same period in the prior year, the business posted $2.31 earnings per share. PepsiCo has set its FY 2025 guidance at 8.120-8.120 EPS. On average, research analysts predict that PepsiCo, Inc. will post 8.3 earnings per share for the current year.

PepsiCo Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, September 30th. Shareholders of record on Friday, September 5th were issued a dividend of $1.4225 per share. This represents a $5.69 dividend on an annualized basis and a yield of 3.8%. The ex-dividend date of this dividend was Friday, September 5th. PepsiCo’s dividend payout ratio (DPR) is currently 108.17%.

Analysts Set New Price Targets

A number of research firms have recently issued reports on PEP. Wells Fargo & Company boosted their target price on PepsiCo from $150.00 to $154.00 and gave the company a “positive” rating in a report on Friday. Cowen reaffirmed a “hold” rating on shares of PepsiCo in a report on Thursday, July 17th. BNP Paribas Exane dropped their price objective on PepsiCo from $152.00 to $150.00 and set a “neutral” rating on the stock in a report on Monday, October 6th. UBS Group decreased their target price on PepsiCo from $175.00 to $170.00 and set a “buy” rating on the stock in a research report on Thursday, September 11th. Finally, Jefferies Financial Group boosted their target price on PepsiCo from $161.00 to $163.00 and gave the stock a “hold” rating in a research report on Friday. Five equities research analysts have rated the stock with a Buy rating and fourteen have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, PepsiCo currently has an average rating of “Hold” and an average price target of $157.75.

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.