PepsiCo, Inc. $PEP Shares Sold by Axxcess Wealth Management LLC

Axxcess Wealth Management LLC lowered its stake in shares of PepsiCo, Inc. (NASDAQ:PEP) by 2.0% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 69,040 shares of the company’s stock after selling 1,404 shares during the quarter. Axxcess Wealth Management LLC’s holdings in PepsiCo were worth $9,116,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in PEP. Brighton Jones LLC raised its holdings in PepsiCo by 12.4% during the fourth quarter. Brighton Jones LLC now owns 59,392 shares of the company’s stock worth $9,031,000 after purchasing an additional 6,574 shares in the last quarter. GAMMA Investing LLC raised its holdings in PepsiCo by 28.1% during the first quarter. GAMMA Investing LLC now owns 30,603 shares of the company’s stock worth $4,589,000 after purchasing an additional 6,712 shares in the last quarter. Ritholtz Wealth Management grew its position in shares of PepsiCo by 30.5% during the first quarter. Ritholtz Wealth Management now owns 17,135 shares of the company’s stock worth $2,569,000 after acquiring an additional 4,005 shares during the last quarter. Traphagen Investment Advisors LLC grew its position in shares of PepsiCo by 2.1% during the first quarter. Traphagen Investment Advisors LLC now owns 5,823 shares of the company’s stock worth $873,000 after acquiring an additional 119 shares during the last quarter. Finally, Hanson & Doremus Investment Management grew its position in shares of PepsiCo by 10.6% during the first quarter. Hanson & Doremus Investment Management now owns 6,269 shares of the company’s stock worth $940,000 after acquiring an additional 600 shares during the last quarter. Institutional investors and hedge funds own 73.07% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on PEP shares. Wells Fargo & Company raised their target price on shares of PepsiCo from $150.00 to $154.00 and gave the stock a “positive” rating in a research report on Friday. BNP Paribas Exane lowered their target price on shares of PepsiCo from $152.00 to $150.00 and set a “neutral” rating on the stock in a research report on Monday, October 6th. Jefferies Financial Group raised their target price on shares of PepsiCo from $161.00 to $163.00 and gave the stock a “hold” rating in a research report on Friday. Evercore ISI raised their target price on shares of PepsiCo from $150.00 to $152.00 in a research report on Friday. 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 research report on Thursday, September 11th. Five analysts have rated the stock with a Buy rating and fourteen have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $157.75.

PepsiCo Stock Performance

NASDAQ:PEP opened at $148.89 on Tuesday. The firm’s fifty day moving average price is $144.72 and its 200 day moving average price is $139.18. PepsiCo, Inc. has a 1-year low of $127.60 and a 1-year high of $177.50. The company has a debt-to-equity ratio of 2.26, a current ratio of 0.91 and a quick ratio of 0.72. The firm has a market cap of $203.58 billion, a price-to-earnings ratio of 28.31, a price-to-earnings-growth ratio of 3.75 and a beta of 0.46.

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

PepsiCo Announces Dividend

The business also recently announced 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 dividend yield of 3.8%. The ex-dividend date was Friday, September 5th. PepsiCo’s payout ratio is presently 108.17%.

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.