Notis McConarty Edward Sells 1,630 Shares of PepsiCo, Inc. $PEP

Notis McConarty Edward trimmed its holdings in shares of PepsiCo, Inc. (NASDAQ:PEP) by 31.2% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 3,600 shares of the company’s stock after selling 1,630 shares during the quarter. Notis McConarty Edward’s holdings in PepsiCo were worth $475,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in the business. Windle Wealth LLC grew its position in PepsiCo by 4.9% during the second quarter. Windle Wealth LLC now owns 51,609 shares of the company’s stock valued at $6,814,000 after buying an additional 2,433 shares during the period. Maryland State Retirement & Pension System grew its position in PepsiCo by 3.6% during the second quarter. Maryland State Retirement & Pension System now owns 66,604 shares of the company’s stock valued at $8,794,000 after buying an additional 2,310 shares during the period. Massachusetts Wealth Management boosted its position in shares of PepsiCo by 1.4% in the second quarter. Massachusetts Wealth Management now owns 13,493 shares of the company’s stock worth $1,782,000 after purchasing an additional 187 shares during the period. Clear Creek Financial Management LLC boosted its position in shares of PepsiCo by 8.9% in the second quarter. Clear Creek Financial Management LLC now owns 7,871 shares of the company’s stock worth $1,039,000 after purchasing an additional 643 shares during the period. Finally, Dohj LLC bought a new position in shares of PepsiCo in the second quarter worth approximately $395,000. 73.07% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of equities analysts have weighed in on PEP shares. JPMorgan Chase & Co. dropped their price target on shares of PepsiCo from $157.00 to $151.00 and set a “neutral” rating for the company in a research report on Monday. Weiss Ratings reiterated a “hold (c-)” rating on shares of PepsiCo in a research report on Saturday, September 27th. Wells Fargo & Company dropped their price target on shares of PepsiCo from $154.00 to $150.00 and set an “equal weight” rating for the company in a research report on Thursday, September 25th. Bank of America dropped their price target on shares of PepsiCo from $150.00 to $145.00 and set a “neutral” rating for the company in a research report on Friday, July 11th. Finally, Deutsche Bank Aktiengesellschaft reissued a “buy” rating on shares of PepsiCo in a report on Thursday, July 17th. Four analysts have rated the stock with a Buy rating, fifteen have given a Hold rating and two have assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, PepsiCo has an average rating of “Hold” and a consensus target price of $158.13.

PepsiCo Price Performance

PEP stock opened at $138.84 on Thursday. The company has a market capitalization of $190.08 billion, a PE ratio of 25.29, a price-to-earnings-growth ratio of 3.55 and a beta of 0.46. The company’s fifty day moving average price is $144.18 and its 200-day moving average price is $139.30. The company has a debt-to-equity ratio of 2.12, a quick ratio of 0.60 and a current ratio of 0.78. PepsiCo, Inc. has a one year low of $127.60 and a one year high of $177.50.

PepsiCo (NASDAQ:PEP) last released its quarterly earnings results on Thursday, July 17th. The company reported $2.12 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.03 by $0.09. The company had revenue of $22.73 billion for the quarter, compared to the consensus estimate of $22.28 billion. PepsiCo had a net margin of 8.23% and a return on equity of 57.81%. PepsiCo’s revenue was up 1.0% on a year-over-year basis. During the same quarter in the prior year, the firm earned $2.28 earnings per share. PepsiCo has set its FY 2025 guidance at 8.038-8.038 EPS. On average, equities analysts anticipate that PepsiCo, Inc. will post 8.3 EPS for the current fiscal year.

PepsiCo Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, September 30th. Investors of record on Friday, September 5th were paid a dividend of $1.4225 per share. The ex-dividend date of this dividend was Friday, September 5th. This represents a $5.69 dividend on an annualized basis and a yield of 4.1%. PepsiCo’s dividend payout ratio is presently 103.64%.

About PepsiCo

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.