PepsiCo, Inc. $PEP Shares Sold by Exchange Bank

Exchange Bank lessened its holdings in PepsiCo, Inc. (NASDAQ:PEP) by 3.6% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 5,179 shares of the company’s stock after selling 191 shares during the quarter. Exchange Bank’s holdings in PepsiCo were worth $684,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently bought and sold shares of PEP. Asset Management One Co. Ltd. grew its holdings in PepsiCo by 3.6% during the first quarter. Asset Management One Co. Ltd. now owns 630,906 shares of the company’s stock worth $94,598,000 after acquiring an additional 21,859 shares during the period. Ignite Planners LLC grew its holdings in PepsiCo by 4.2% during the first quarter. Ignite Planners LLC now owns 3,773 shares of the company’s stock worth $566,000 after acquiring an additional 151 shares during the period. Graybill Wealth Management LTD. acquired a new stake in PepsiCo during the first quarter worth about $3,633,000. Sumitomo Mitsui DS Asset Management Company Ltd grew its holdings in PepsiCo by 2.3% during the first quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 270,938 shares of the company’s stock worth $40,624,000 after acquiring an additional 6,112 shares during the period. Finally, Inspire Trust Co. N.A. grew its holdings in PepsiCo by 39.2% during the fourth quarter. Inspire Trust Co. N.A. now owns 17,125 shares of the company’s stock worth $2,604,000 after acquiring an additional 4,825 shares during the period. Institutional investors and hedge funds own 73.07% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on PEP shares. UBS Group decreased their price objective on shares of PepsiCo from $175.00 to $170.00 and set a “buy” rating for the company in a research report on Thursday, September 11th. Wells Fargo & Company upped their price target on PepsiCo from $140.00 to $154.00 and gave the stock an “equal weight” rating in a report on Friday, July 18th. Cowen reaffirmed a “hold” rating on shares of PepsiCo in a report on Thursday, July 17th. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating on shares of PepsiCo in a report on Thursday, July 17th. Finally, Citigroup upped their price target on PepsiCo from $160.00 to $168.00 and gave the stock a “buy” rating in a report on Friday, July 18th. Four analysts have rated the stock with a Buy rating, fourteen have given a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $158.67.

PepsiCo Price Performance

NASDAQ:PEP opened at $140.64 on Tuesday. PepsiCo, Inc. has a 12 month low of $127.60 and a 12 month high of $179.43. The stock has a 50 day moving average of $143.93 and a two-hundred day moving average of $140.35. 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 firm has a market cap of $192.55 billion, a P/E ratio of 25.62, a price-to-earnings-growth ratio of 3.63 and a beta of 0.46.

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

PepsiCo Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, September 30th. Stockholders of record on Friday, September 5th will be issued a dividend of $1.4225 per share. This represents a $5.69 annualized dividend and a dividend yield of 4.0%. The ex-dividend date is Friday, September 5th. PepsiCo’s payout ratio is currently 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.