Probity Advisors Inc. Has $309,000 Holdings in PepsiCo, Inc. $PEP

Probity Advisors Inc. cut its stake in shares of PepsiCo, Inc. (NASDAQ:PEP) by 7.7% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 2,342 shares of the company’s stock after selling 196 shares during the period. Probity Advisors Inc.’s holdings in PepsiCo were worth $309,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. Nova Wealth Management Inc. acquired a new stake in shares of PepsiCo during the first quarter worth $25,000. Elite Financial Inc. acquired a new stake in shares of PepsiCo during the first quarter worth $28,000. Legend Financial Advisors Inc. acquired a new stake in shares of PepsiCo during the second quarter worth $29,000. Frazier Financial Advisors LLC grew its stake in shares of PepsiCo by 85.3% during the second quarter. Frazier Financial Advisors LLC now owns 265 shares of the company’s stock worth $35,000 after purchasing an additional 122 shares during the period. Finally, Investment Research & Advisory Group Inc. grew its stake in shares of PepsiCo by 263.6% during the second quarter. Investment Research & Advisory Group Inc. now owns 320 shares of the company’s stock worth $42,000 after purchasing an additional 232 shares during the period. 73.07% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research analysts have issued reports on the company. BNP Paribas Exane decreased their target price on PepsiCo from $152.00 to $150.00 and set a “neutral” rating for the company in a research note on Monday, October 6th. Cowen reissued a “hold” rating on shares of PepsiCo in a research note on Thursday, July 17th. Morgan Stanley boosted their target price on PepsiCo from $153.00 to $165.00 and gave the company an “equal weight” rating in a research note on Friday, July 18th. HSBC boosted their target price on PepsiCo from $145.00 to $152.00 and gave the company a “hold” rating in a research note on Friday, October 10th. Finally, Piper Sandler boosted their target price on PepsiCo from $160.00 to $162.00 and gave the company an “overweight” rating in a research note on Friday, October 10th. Seven 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’s stock. Based on data from MarketBeat, the company has an average rating of “Hold” and an average price target of $156.58.

PepsiCo Stock Performance

Shares of PepsiCo stock opened at $153.18 on Wednesday. The firm has a market cap of $209.45 billion, a price-to-earnings ratio of 29.12, a price-to-earnings-growth ratio of 3.74 and a beta of 0.46. The stock’s 50-day moving average is $145.82 and its 200-day moving average is $139.39. PepsiCo, Inc. has a one year low of $127.60 and a one year high of $174.95. The company has a debt-to-equity ratio of 2.26, a current ratio of 0.91 and a quick ratio of 0.72.

PepsiCo (NASDAQ:PEP) last issued its quarterly earnings results on Thursday, October 9th. The company reported $2.29 EPS for the quarter, beating analysts’ consensus estimates of $2.26 by $0.03. The company had revenue of $23.94 billion for the quarter, compared to analyst estimates of $23.91 billion. PepsiCo had a return on equity of 57.58% and a net margin of 7.82%.The company’s quarterly revenue was up 2.7% compared to the same quarter last year. During the same period in the previous year, the company posted $2.31 earnings per share. PepsiCo has set its FY 2025 guidance at 8.120-8.120 EPS. Equities analysts predict that PepsiCo, Inc. will post 8.3 earnings per share for the current fiscal year.

PepsiCo Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, September 30th. Investors of record on Friday, September 5th were issued a dividend of $1.4225 per share. This represents a $5.69 annualized dividend and a yield of 3.7%. The ex-dividend date was Friday, September 5th. PepsiCo’s dividend payout ratio is presently 108.17%.

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.