Schrum Private Wealth Management LLC Sells 113 Shares of PepsiCo, Inc. $PEP

Schrum Private Wealth Management LLC cut its holdings in PepsiCo, Inc. (NASDAQ:PEP) by 1.4% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 8,169 shares of the company’s stock after selling 113 shares during the quarter. Schrum Private Wealth Management LLC’s holdings in PepsiCo were worth $1,078,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors also recently modified their holdings of the company. Brighton Jones LLC lifted its holdings in PepsiCo by 12.4% in the fourth quarter. Brighton Jones LLC now owns 59,392 shares of the company’s stock worth $9,031,000 after buying an additional 6,574 shares during the period. Wedge Capital Management L L P NC purchased a new stake in PepsiCo in the first quarter worth about $408,000. Pallas Capital Advisors LLC lifted its holdings in PepsiCo by 272.8% in the first quarter. Pallas Capital Advisors LLC now owns 9,678 shares of the company’s stock worth $1,451,000 after buying an additional 7,082 shares during the period. GAMMA Investing LLC lifted its holdings in PepsiCo by 28.1% in the first quarter. GAMMA Investing LLC now owns 30,603 shares of the company’s stock worth $4,589,000 after buying an additional 6,712 shares during the period. Finally, Integrated Advisors Network LLC lifted its holdings in PepsiCo by 107.1% in the first quarter. Integrated Advisors Network LLC now owns 35,757 shares of the company’s stock worth $5,361,000 after buying an additional 18,489 shares during the period. 73.07% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several brokerages have commented on PEP. BNP Paribas Exane lowered their price objective on shares of PepsiCo from $152.00 to $150.00 and set a “neutral” rating for the company in a report on Monday. UBS Group lowered their price objective on shares of PepsiCo from $175.00 to $170.00 and set a “buy” rating for the company in a report on Thursday, September 11th. Weiss Ratings reiterated a “hold (c-)” rating on shares of PepsiCo in a report on Saturday, September 27th. JPMorgan Chase & Co. lowered their target price on shares of PepsiCo from $157.00 to $151.00 and set a “neutral” rating for the company in a report on Monday. Finally, Citigroup lowered their target price on shares of PepsiCo from $168.00 to $165.00 and set a “buy” rating for the company in a report on Thursday, September 25th. Four investment analysts have rated the stock with a Buy rating, fifteen have assigned a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $158.13.

PepsiCo Price Performance

Shares of PEP opened at $138.84 on Thursday. The company has a market capitalization of $190.08 billion, a P/E ratio of 25.29, a price-to-earnings-growth ratio of 3.55 and a beta of 0.46. 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 has a 50 day moving average of $144.18 and a 200 day moving average of $139.30. PepsiCo, Inc. has a twelve month low of $127.60 and a twelve month high of $177.50.

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

PepsiCo Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, September 30th. Shareholders of record on Friday, September 5th were paid a dividend of $1.4225 per share. The ex-dividend date was Friday, September 5th. This represents a $5.69 dividend on an annualized basis and a yield of 4.1%. PepsiCo’s payout ratio is currently 103.64%.

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.