Confluence Investment Management LLC Has $93.91 Million Stake in PepsiCo, Inc. $PEP

Confluence Investment Management LLC trimmed its holdings in shares of PepsiCo, Inc. (NASDAQ:PEP) by 20.6% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 711,253 shares of the company’s stock after selling 184,995 shares during the quarter. PepsiCo comprises 1.3% of Confluence Investment Management LLC’s portfolio, making the stock its 28th biggest holding. Confluence Investment Management LLC owned 0.05% of PepsiCo worth $93,914,000 as of its most recent SEC filing.

Several other hedge funds have also recently bought and sold shares of PEP. Nova Wealth Management Inc. acquired a new position in PepsiCo during the first quarter worth $25,000. Elite Financial Inc. acquired a new position in PepsiCo during the first quarter worth $28,000. Sunbeam Capital Management LLC acquired a new position in PepsiCo during the fourth quarter worth $47,000. MorganRosel Wealth Management LLC acquired a new stake in shares of PepsiCo in the first quarter valued at about $55,000. Finally, Migdal Insurance & Financial Holdings Ltd. acquired a new stake in shares of PepsiCo in the first quarter valued at about $58,000. 73.07% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on PEP. Wells Fargo & Company raised their price target on PepsiCo from $140.00 to $154.00 and gave the company an “equal weight” rating in a research report on Friday, July 18th. Morgan Stanley raised their price target on PepsiCo from $153.00 to $165.00 and gave the company an “equal weight” rating in a research report on Friday, July 18th. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating on shares of PepsiCo in a research report on Thursday, July 17th. Barclays raised their price target on PepsiCo from $132.00 to $144.00 and gave the company an “equal weight” rating in a research report on Monday, July 21st. Finally, JPMorgan Chase & Co. lowered their price target on PepsiCo from $150.00 to $139.00 and set a “neutral” rating on the stock in a research report on Thursday, July 10th. Four investment 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. Based on data from MarketBeat, PepsiCo has a consensus rating of “Hold” and an average target price of $158.67.

PepsiCo Stock Down 0.5%

PEP stock opened at $143.53 on Friday. PepsiCo, Inc. has a twelve month low of $127.60 and a twelve month high of $179.43. The company has a market cap of $196.50 billion, a PE ratio of 26.14, a price-to-earnings-growth ratio of 3.65 and a beta of 0.46. The business’s 50-day simple moving average is $143.81 and its 200 day simple moving average is $140.60. The company has a quick ratio of 0.60, a current ratio of 0.78 and a debt-to-equity ratio of 2.12.

PepsiCo (NASDAQ:PEP) last released its earnings results on Thursday, July 17th. The company reported $2.12 earnings per share for the quarter, topping 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 business had revenue of $22.73 billion for the quarter, compared to the consensus estimate of $22.28 billion. During the same period last year, the business earned $2.28 earnings per share. The firm’s revenue for the quarter was up 1.0% compared to the same quarter last year. PepsiCo has set its FY 2025 guidance at 8.038-8.038 EPS. On average, research analysts anticipate that PepsiCo, Inc. will post 8.3 earnings per share for the current year.

PepsiCo Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, September 30th. Shareholders of record on Friday, September 5th will be paid a dividend of $1.4225 per share. The ex-dividend date is Friday, September 5th. This represents a $5.69 dividend on an annualized basis and a yield of 4.0%. PepsiCo’s dividend payout ratio (DPR) 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.