Gratus Wealth Advisors LLC Sells 598 Shares of PepsiCo, Inc. $PEP

Gratus Wealth Advisors LLC lessened its position in PepsiCo, Inc. (NASDAQ:PEP) by 12.6% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 4,166 shares of the company’s stock after selling 598 shares during the period. Gratus Wealth Advisors LLC’s holdings in PepsiCo were worth $550,000 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. Eads & Heald Wealth Management raised its stake in shares of PepsiCo by 8.3% during the second quarter. Eads & Heald Wealth Management now owns 13,950 shares of the company’s stock valued at $1,842,000 after acquiring an additional 1,064 shares during the last quarter. Duncan Williams Asset Management LLC increased its holdings in PepsiCo by 16.0% during the 2nd quarter. Duncan Williams Asset Management LLC now owns 7,395 shares of the company’s stock valued at $976,000 after purchasing an additional 1,020 shares during the period. Cullinan Associates Inc. raised its position in PepsiCo by 2.5% during the 2nd quarter. Cullinan Associates Inc. now owns 28,193 shares of the company’s stock valued at $3,723,000 after purchasing an additional 700 shares during the last quarter. Sendero Wealth Management LLC lifted its holdings in PepsiCo by 1.9% in the 2nd quarter. Sendero Wealth Management LLC now owns 21,244 shares of the company’s stock worth $2,805,000 after buying an additional 394 shares during the period. Finally, Joule Financial LLC grew its position in shares of PepsiCo by 9.8% in the 2nd quarter. Joule Financial LLC now owns 3,057 shares of the company’s stock worth $404,000 after buying an additional 274 shares during the last quarter. 73.07% of the stock is owned by institutional investors.

PepsiCo Trading Down 0.2%

NASDAQ:PEP opened at $141.98 on Monday. The firm has a market capitalization of $194.38 billion, a P/E ratio of 25.86, a PEG ratio of 3.58 and a beta of 0.46. The company has a debt-to-equity ratio of 2.12, a current ratio of 0.78 and a quick ratio of 0.60. PepsiCo, Inc. has a one year low of $127.60 and a one year high of $177.50. The company’s 50-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 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.03 by $0.09. PepsiCo had a net margin of 8.23% and a return on equity of 57.81%. The firm had revenue of $22.73 billion during the quarter, compared to analyst estimates of $22.28 billion. During the same period last year, the business earned $2.28 earnings per share. The business’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, analysts forecast that PepsiCo, Inc. will post 8.3 EPS for the current fiscal year.

PepsiCo Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, September 30th. Stockholders of record on Friday, September 5th were paid 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 of this dividend was Friday, September 5th. PepsiCo’s dividend payout ratio is currently 103.64%.

Analysts Set New Price Targets

A number of analysts recently commented on PEP shares. Citigroup dropped their price target on PepsiCo from $168.00 to $165.00 and set a “buy” rating for the company in a research note on Thursday, September 25th. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of PepsiCo in a research report on Saturday, September 27th. Royal Bank Of Canada cut their target price on shares of PepsiCo from $146.00 to $145.00 and set a “sector perform” rating on the stock in a research note on Monday, September 15th. Cowen reissued a “hold” rating on shares of PepsiCo in a research note on Thursday, July 17th. Finally, Bank of America cut their price objective on PepsiCo from $150.00 to $145.00 and set a “neutral” rating on the stock in a research report on Friday, July 11th. Four analysts have rated the stock with a Buy rating, fourteen have issued a Hold rating and two have given a Sell rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus 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.