PepsiCo, Inc. $PEP Shares Sold by HBW Advisory Services LLC

HBW Advisory Services LLC cut its position in PepsiCo, Inc. (NASDAQ:PEP) by 5.9% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 23,586 shares of the company’s stock after selling 1,486 shares during the quarter. HBW Advisory Services LLC’s holdings in PepsiCo were worth $3,114,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also modified their holdings of the company. Nova Wealth Management Inc. acquired a new stake in shares of PepsiCo in the first quarter valued at $25,000. Elite Financial Inc. acquired a new position in PepsiCo during the 1st quarter worth $28,000. Sunbeam Capital Management LLC acquired a new position in PepsiCo during the 4th quarter worth $47,000. MorganRosel Wealth Management LLC acquired a new position in PepsiCo during the 1st quarter worth $55,000. Finally, Migdal Insurance & Financial Holdings Ltd. acquired a new position in PepsiCo during the 1st quarter worth $58,000. 73.07% of the stock is owned by institutional investors and hedge funds.

PepsiCo Stock Down 0.5%

PepsiCo stock opened at $143.53 on Friday. PepsiCo, Inc. has a fifty-two week low of $127.60 and a fifty-two week high of $179.43. The company has a debt-to-equity ratio of 2.12, a quick ratio of 0.60 and a current ratio of 0.78. The company has a market capitalization of $196.50 billion, a P/E ratio of 26.14, a PEG ratio of 3.65 and a beta of 0.46. The stock has a 50-day simple moving average of $143.81 and a 200-day simple moving average of $140.60.

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

PepsiCo Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 30th. Shareholders of record on Friday, September 5th will be paid a dividend of $1.4225 per share. The ex-dividend date of this dividend is Friday, September 5th. This represents a $5.69 annualized dividend and a yield of 4.0%. PepsiCo’s dividend payout ratio is currently 103.64%.

Analyst Ratings Changes

PEP has been the subject of several analyst reports. Royal Bank Of Canada reissued a “sector perform” rating and set a $146.00 target price on shares of PepsiCo in a research note on Wednesday, September 3rd. Barclays lifted their price target on PepsiCo from $132.00 to $144.00 and gave the stock an “equal weight” rating in a report on Monday, July 21st. Cowen reaffirmed a “hold” rating on shares of PepsiCo in a report on Thursday, July 17th. UBS Group decreased their price target on PepsiCo from $175.00 to $170.00 and set a “buy” rating for the company in a report on Thursday. Finally, Morgan Stanley lifted their price target on PepsiCo from $153.00 to $165.00 and gave the stock an “equal weight” rating in a report on Friday, July 18th. Four investment analysts have rated the stock with a Buy rating, fourteen have given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $158.67.

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.