PepsiCo, Inc. $PEP Shares Sold by Webster Bank N. A.

Webster Bank N. A. decreased its position in PepsiCo, Inc. (NASDAQ:PEP) by 7.7% during the 2nd quarter, according to its most recent disclosure with the SEC. The fund owned 19,043 shares of the company’s stock after selling 1,582 shares during the period. Webster Bank N. A.’s holdings in PepsiCo were worth $2,514,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in the stock. Legacy Financial Group LLC lifted its position in shares of PepsiCo by 4.9% in the first quarter. Legacy Financial Group LLC now owns 1,514 shares of the company’s stock valued at $227,000 after acquiring an additional 71 shares in the last quarter. Centurion Wealth Management LLC lifted its position in PepsiCo by 3.8% during the second quarter. Centurion Wealth Management LLC now owns 2,068 shares of the company’s stock worth $273,000 after buying an additional 75 shares during the period. Pflug Koory LLC lifted its position in PepsiCo by 1.0% during the first quarter. Pflug Koory LLC now owns 7,750 shares of the company’s stock worth $1,162,000 after buying an additional 76 shares during the period. Hoge Financial Services LLC lifted its position in PepsiCo by 2.1% during the first quarter. Hoge Financial Services LLC now owns 3,633 shares of the company’s stock worth $545,000 after buying an additional 76 shares during the period. Finally, Members Trust Co lifted its position in PepsiCo by 1.3% during the first quarter. Members Trust Co now owns 5,941 shares of the company’s stock worth $891,000 after buying an additional 77 shares during the period. 73.07% of the stock is currently owned by hedge funds and other institutional investors.

PepsiCo Stock Down 0.5%

PEP opened at $143.53 on Monday. PepsiCo, Inc. has a one year low of $127.60 and a one year 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 stock’s fifty day moving average is $143.81 and its 200-day moving average is $140.44. The company has a market capitalization of $196.50 billion, a PE ratio of 26.14, a P/E/G ratio of 3.63 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 (EPS) for the quarter, topping analysts’ consensus estimates of $2.03 by $0.09. The company had revenue of $22.73 billion for the quarter, compared to analyst estimates of $22.28 billion. PepsiCo had a return on equity of 57.81% and a net margin of 8.23%.PepsiCo’s revenue for the quarter was up 1.0% compared to the same quarter last year. During the same period in the previous 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 predict that PepsiCo, Inc. will post 8.3 EPS for the current fiscal year.

PepsiCo Dividend Announcement

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

Analysts Set New Price Targets

PEP has been the topic of several recent analyst reports. Cowen reiterated a “hold” rating on shares of PepsiCo in a research report on Thursday, July 17th. Morgan Stanley upped their price target on PepsiCo from $153.00 to $165.00 and gave the stock an “equal weight” rating in a research note on Friday, July 18th. Barclays upped their price target on PepsiCo from $132.00 to $144.00 and gave the stock an “equal weight” rating in a research note on Monday, July 21st. UBS Group lowered their target price on PepsiCo from $175.00 to $170.00 and set a “buy” rating for the company in a research note on Thursday. Finally, Deutsche Bank Aktiengesellschaft reiterated a “buy” rating on shares of PepsiCo in a research note on Thursday, July 17th. Four equities research 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’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $158.67.

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.