Fiduciary Financial Group LLC Sells 1,315 Shares of PepsiCo, Inc. $PEP

Fiduciary Financial Group LLC trimmed its position in PepsiCo, Inc. (NASDAQ:PEP) by 44.5% in the second quarter, according to its most recent filing with the SEC. The fund owned 1,642 shares of the company’s stock after selling 1,315 shares during the period. Fiduciary Financial Group LLC’s holdings in PepsiCo were worth $222,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also bought and sold shares of PEP. Nova Wealth Management Inc. bought a new stake in shares of PepsiCo during the first quarter worth about $25,000. Elite Financial Inc. bought a new stake in PepsiCo during the 1st quarter worth approximately $28,000. Sunbeam Capital Management LLC acquired a new position in PepsiCo in the 4th quarter valued at approximately $47,000. MorganRosel Wealth Management LLC acquired a new position in shares of PepsiCo during the first quarter worth $55,000. Finally, Migdal Insurance & Financial Holdings Ltd. bought a new stake in shares of PepsiCo in the first quarter worth $58,000. Institutional investors and hedge funds own 73.07% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on the company. JPMorgan Chase & Co. lowered their target price on PepsiCo from $150.00 to $139.00 and set a “neutral” rating for the company in a research report on Thursday, July 10th. Bank of America cut their price objective on PepsiCo from $150.00 to $145.00 and set a “neutral” rating on the stock in a research note on Friday, July 11th. Cowen reaffirmed a “hold” rating on shares of PepsiCo in a research note on Thursday, July 17th. Royal Bank Of Canada reissued a “sector perform” rating and issued a $146.00 price objective on shares of PepsiCo in a research report on Wednesday, September 3rd. Finally, Wells Fargo & Company upped their target price on PepsiCo from $140.00 to $154.00 and gave the company an “equal weight” rating in a research report on Friday, July 18th. Four investment analysts have rated the stock with a Buy rating, fourteen have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $158.67.

PepsiCo Stock Performance

Shares of PepsiCo stock opened at $143.53 on Friday. The business has a 50-day simple moving average of $143.81 and a 200 day simple moving average of $140.52. PepsiCo, Inc. has a one year low of $127.60 and a one year high of $179.43. 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 $196.50 billion, a price-to-earnings ratio of 26.14, a PEG ratio of 3.65 and a beta of 0.46.

PepsiCo (NASDAQ:PEP) last announced its quarterly earnings data on Thursday, July 17th. The company reported $2.12 EPS 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 analysts’ expectations of $22.28 billion. During the same quarter last year, the firm posted $2.28 earnings per share. The company’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 fiscal year.

PepsiCo Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 30th. Stockholders of record on Friday, September 5th will be given a dividend of $1.4225 per share. The ex-dividend date of this dividend is Friday, September 5th. This represents a $5.69 annualized dividend and a dividend yield of 4.0%. PepsiCo’s payout ratio is presently 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.