Prime Capital Investment Advisors LLC Sells 30,112 Shares of PepsiCo, Inc. $PEP

Prime Capital Investment Advisors LLC trimmed its position in PepsiCo, Inc. (NASDAQ:PEP) by 24.2% in the 2nd quarter, Holdings Channel reports. The firm owned 94,233 shares of the company’s stock after selling 30,112 shares during the quarter. Prime Capital Investment Advisors LLC’s holdings in PepsiCo were worth $12,442,000 at the end of the most recent reporting period.

Other large investors also recently added to or reduced their stakes in the company. Nuveen LLC purchased a new position in PepsiCo in the 1st quarter worth approximately $946,978,000. Kingstone Capital Partners Texas LLC bought a new position in PepsiCo in the second quarter valued at $460,110,000. Assenagon Asset Management S.A. raised its position in PepsiCo by 106.1% during the first quarter. Assenagon Asset Management S.A. now owns 3,514,965 shares of the company’s stock valued at $527,034,000 after purchasing an additional 1,809,391 shares in the last quarter. Vanguard Group Inc. increased its position in shares of PepsiCo by 1.4% during the 1st quarter. Vanguard Group Inc. now owns 135,174,252 shares of the company’s stock valued at $20,268,027,000 after purchasing an additional 1,802,748 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. grew its holdings in shares of PepsiCo by 5.0% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 26,475,241 shares of the company’s stock valued at $3,969,698,000 after purchasing an additional 1,258,198 shares during the last quarter. Institutional investors own 73.07% of the company’s stock.

PepsiCo Stock Performance

NASDAQ:PEP opened at $141.98 on Monday. The company has a quick ratio of 0.60, a current ratio of 0.78 and a debt-to-equity ratio of 2.12. The firm’s fifty day simple moving average is $144.36 and its 200 day simple moving average is $139.34. The stock has a market cap of $194.38 billion, a P/E ratio of 25.86, a price-to-earnings-growth ratio of 3.58 and a beta of 0.46. PepsiCo, Inc. has a twelve month low of $127.60 and a twelve month high of $177.50.

PepsiCo (NASDAQ:PEP) last released its quarterly 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. PepsiCo had a net margin of 8.23% and a return on equity of 57.81%. The company had revenue of $22.73 billion during the quarter, compared to the consensus estimate of $22.28 billion. During the same period in the prior year, the firm earned $2.28 earnings per share. PepsiCo’s revenue was up 1.0% on a year-over-year basis. PepsiCo has set its FY 2025 guidance at 8.038-8.038 EPS. As a group, research analysts predict that PepsiCo, Inc. will post 8.3 EPS for the current year.

PepsiCo Dividend Announcement

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

Analysts Set New Price Targets

A number of brokerages have recently issued reports on PEP. Citigroup reduced their price objective on PepsiCo from $168.00 to $165.00 and set a “buy” rating on the stock in a research note on Thursday, September 25th. JPMorgan Chase & Co. dropped their target price on PepsiCo from $150.00 to $139.00 and set a “neutral” rating for the company in a report on Thursday, July 10th. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating on shares of PepsiCo in a research note on Thursday, July 17th. Morgan Stanley increased their price objective on PepsiCo from $153.00 to $165.00 and gave the company an “equal weight” rating in a research note on Friday, July 18th. Finally, Barclays reaffirmed a “cautious” rating on shares of PepsiCo in a research note on Friday. Four equities research analysts have rated the stock with a Buy rating, fourteen have given a Hold rating and two have assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target 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.