PepsiCo, Inc. $PEP Shares Sold by OLD Second National Bank of Aurora

OLD Second National Bank of Aurora reduced its stake in shares of PepsiCo, Inc. (NASDAQ:PEP) by 3.2% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 27,273 shares of the company’s stock after selling 893 shares during the period. OLD Second National Bank of Aurora’s holdings in PepsiCo were worth $3,601,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. Nova Wealth Management Inc. bought a new stake in PepsiCo in the first quarter valued at about $25,000. Elite Financial Inc. acquired a new position in shares of PepsiCo in the 1st quarter worth approximately $28,000. Legend Financial Advisors Inc. bought a new stake in shares of PepsiCo in the 2nd quarter valued at approximately $29,000. Investment Research & Advisory Group Inc. raised its position in shares of PepsiCo by 263.6% during the 2nd quarter. Investment Research & Advisory Group Inc. now owns 320 shares of the company’s stock valued at $42,000 after acquiring an additional 232 shares in the last quarter. Finally, MorganRosel Wealth Management LLC acquired a new position in PepsiCo in the first quarter worth $55,000. Institutional investors and hedge funds own 73.07% of the company’s stock.

PepsiCo Stock Down 0.6%

Shares of PEP stock opened at $142.31 on Friday. 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 2.12, a quick ratio of 0.60 and a current ratio of 0.78. The business’s fifty day moving average is $144.39 and its 200-day moving average is $139.50. The stock has a market cap of $194.83 billion, a PE ratio of 25.92, a price-to-earnings-growth ratio of 3.61 and a beta of 0.46.

PepsiCo (NASDAQ:PEP) last announced its earnings results on Thursday, July 17th. The company reported $2.12 earnings per share for the quarter, beating 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 business had revenue of $22.73 billion during the quarter, compared to analysts’ expectations of $22.28 billion. During the same quarter last year, the business posted $2.28 earnings per share. The company’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. Equities analysts expect that PepsiCo, Inc. will post 8.3 earnings per share for the current fiscal year.

PepsiCo Dividend Announcement

The firm also recently announced 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 annualized dividend and a yield of 4.0%. PepsiCo’s dividend payout ratio is currently 103.64%.

Wall Street Analyst Weigh In

A number of research firms have recently issued reports on PEP. JPMorgan Chase & Co. reduced their price target on shares of PepsiCo from $150.00 to $139.00 and set a “neutral” rating on the stock in a research report on Thursday, July 10th. Deutsche Bank Aktiengesellschaft reissued a “buy” rating on shares of PepsiCo in a report on Thursday, July 17th. Cowen reaffirmed a “hold” rating on shares of PepsiCo in a report on Thursday, July 17th. Morgan Stanley increased their price target on PepsiCo from $153.00 to $165.00 and gave the stock an “equal weight” rating in a research report on Friday, July 18th. Finally, Wells Fargo & Company reduced their price objective on PepsiCo from $154.00 to $150.00 and set an “equal weight” rating for the company in a research report on Thursday, September 25th. Four equities research analysts have rated the stock with a Buy rating, fourteen have given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $157.87.

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.