PepsiCo, Inc. $PEP Shares Sold by PGIM Custom Harvest LLC

PGIM Custom Harvest LLC trimmed its holdings in PepsiCo, Inc. (NASDAQ:PEP) by 4.8% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 3,299 shares of the company’s stock after selling 166 shares during the period. PGIM Custom Harvest LLC’s holdings in PepsiCo were worth $495,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. Elite Financial Inc. purchased a new position in shares of PepsiCo in the 1st quarter worth about $28,000. Measured Risk Portfolios Inc. purchased a new position in shares of PepsiCo in the 4th quarter worth about $31,000. Sunbeam Capital Management LLC purchased a new position in shares of PepsiCo in the 4th quarter worth about $47,000. MorganRosel Wealth Management LLC purchased a new position in shares of PepsiCo in the 1st quarter worth about $55,000. Finally, Migdal Insurance & Financial Holdings Ltd. purchased a new position in shares of PepsiCo in the 1st quarter worth about $58,000. 73.07% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities analysts have recently commented on PEP shares. Deutsche Bank Aktiengesellschaft restated a “buy” rating on shares of PepsiCo in a report on Thursday, July 17th. Cowen restated a “hold” rating on shares of PepsiCo in a report on Thursday, July 17th. UBS Group dropped their target price on PepsiCo from $175.00 to $169.00 and set a “buy” rating on the stock in a report on Friday, April 25th. Royal Bank Of Canada reiterated a “sector perform” rating and set a $148.00 target price on shares of PepsiCo in a report on Tuesday, June 24th. Finally, Wells Fargo & Company raised their target price on PepsiCo from $140.00 to $154.00 and gave the company an “equal weight” rating in a report on Friday, July 18th. Four investment analysts have rated the stock with a Buy rating, fourteen have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, PepsiCo currently has a consensus rating of “Hold” and a consensus target price of $158.73.

PepsiCo Price Performance

Shares of NASDAQ PEP opened at $150.73 on Thursday. PepsiCo, Inc. has a fifty-two week low of $127.60 and a fifty-two week high of $179.73. The business has a 50 day moving average price of $138.61 and a two-hundred day moving average price of $140.63. 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 market cap of $206.36 billion, a PE ratio of 27.46, a price-to-earnings-growth ratio of 4.05 and a beta of 0.45.

PepsiCo (NASDAQ:PEP) last issued its quarterly earnings data on Thursday, July 17th. The company reported $2.12 earnings per share for the quarter, beating analysts’ consensus estimates of $2.03 by $0.09. PepsiCo had a return on equity of 57.81% and a net margin of 8.23%.The firm had revenue of $22.73 billion during the quarter, compared to analyst estimates of $22.28 billion. During the same quarter last year, the firm earned $2.28 EPS. PepsiCo’s quarterly revenue was up 1.0% on a year-over-year basis. PepsiCo has set its FY 2025 guidance at 8.038-8.038 EPS. Sell-side analysts expect that PepsiCo, Inc. will post 8.3 earnings per share for the current fiscal year.

PepsiCo Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 30th. Shareholders of record on Friday, September 5th will be issued a $1.4225 dividend. This represents a $5.69 dividend on an annualized basis and a yield of 3.8%. The ex-dividend date of this dividend is Friday, September 5th. PepsiCo’s payout ratio is currently 103.64%.

PepsiCo Company 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.