Vigilare Wealth Management Sells 2,543 Shares of PepsiCo, Inc. $PEP

Vigilare Wealth Management trimmed its position in shares of PepsiCo, Inc. (NASDAQ:PEP) by 45.7% during the 2nd quarter, HoldingsChannel.com reports. The fund owned 3,024 shares of the company’s stock after selling 2,543 shares during the period. Vigilare Wealth Management’s holdings in PepsiCo were worth $399,000 as of its most recent SEC filing.

Several other large investors have also bought and sold shares of PEP. Vanguard Group Inc. increased its position in 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 buying an additional 1,802,748 shares in the last quarter. Charles Schwab Investment Management Inc. increased its position in 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 buying an additional 1,258,198 shares in the last quarter. Bank of New York Mellon Corp increased its position in PepsiCo by 0.4% during the 1st quarter. Bank of New York Mellon Corp now owns 14,062,857 shares of the company’s stock valued at $2,108,585,000 after buying an additional 49,699 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its holdings in PepsiCo by 1.8% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 11,525,812 shares of the company’s stock worth $1,728,180,000 after acquiring an additional 208,292 shares during the last quarter. Finally, Invesco Ltd. raised its holdings in PepsiCo by 4.5% in the 1st quarter. Invesco Ltd. now owns 11,328,158 shares of the company’s stock worth $1,698,544,000 after acquiring an additional 491,894 shares during the last quarter. 73.07% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of brokerages recently weighed in on PEP. Morgan Stanley boosted their price objective on shares of PepsiCo from $153.00 to $165.00 and gave the stock an “equal weight” rating in a report on Friday, July 18th. Deutsche Bank Aktiengesellschaft restated a “buy” rating on shares of PepsiCo in a report on Thursday, July 17th. Bank of America decreased their price objective on shares of PepsiCo from $150.00 to $145.00 and set a “neutral” rating for the company in a report on Friday, July 11th. Barclays increased their price target on PepsiCo from $132.00 to $144.00 and gave the company an “equal weight” rating in a report on Monday, July 21st. Finally, Cowen restated a “hold” rating on shares of PepsiCo in a research note on Thursday, July 17th. Four analysts have rated the stock with a Buy rating, fourteen have assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $158.13.

PepsiCo Trading Up 0.2%

NASDAQ:PEP opened at $140.44 on Wednesday. The company has a debt-to-equity ratio of 2.12, a current ratio of 0.78 and a quick ratio of 0.60. The firm has a market capitalization of $192.27 billion, a price-to-earnings ratio of 25.58, a price-to-earnings-growth ratio of 3.54 and a beta of 0.46. PepsiCo, Inc. has a one year low of $127.60 and a one year high of $177.50. The business has a fifty day moving average price of $144.49 and a 200-day moving average price of $139.54.

PepsiCo (NASDAQ:PEP) last posted its quarterly earnings data on Thursday, July 17th. The company reported $2.12 EPS for the quarter, topping the consensus estimate of $2.03 by $0.09. The firm had revenue of $22.73 billion during 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 was up 1.0% on a year-over-year basis. During the same period in the prior year, the business posted $2.28 EPS. PepsiCo has set its FY 2025 guidance at 8.038-8.038 EPS. Sell-side analysts forecast that PepsiCo, Inc. will post 8.3 EPS for the current year.

PepsiCo Dividend Announcement

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

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.