Roxbury Financial LLC Lowers Stake in PepsiCo, Inc. $PEP

Roxbury Financial LLC lowered its position in shares of PepsiCo, Inc. (NASDAQ:PEP) by 29.8% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 1,285 shares of the company’s stock after selling 545 shares during the quarter. Roxbury Financial LLC’s holdings in PepsiCo were worth $170,000 as of its most recent SEC filing.

Several other large investors have also added to or reduced their stakes in PEP. Nuveen LLC purchased a new position in PepsiCo during the first quarter valued at approximately $946,978,000. GAMMA Investing LLC lifted its holdings in shares of PepsiCo by 19,106.5% in the first quarter. GAMMA Investing LLC now owns 4,588,614 shares of the company’s stock worth $688,017,000 after buying an additional 4,564,723 shares in the last quarter. Assenagon Asset Management S.A. lifted its holdings in shares of PepsiCo by 106.1% in the first quarter. Assenagon Asset Management S.A. now owns 3,514,965 shares of the company’s stock worth $527,034,000 after buying an additional 1,809,391 shares in the last quarter. Vanguard Group Inc. lifted its holdings in shares of PepsiCo by 1.4% in the first quarter. Vanguard Group Inc. now owns 135,174,252 shares of the company’s stock worth $20,268,027,000 after buying an additional 1,802,748 shares in the last quarter. Finally, Universal Beteiligungs und Servicegesellschaft mbH purchased a new position in shares of PepsiCo in the fourth quarter worth $221,297,000. Hedge funds and other institutional investors own 73.07% of the company’s stock.

PepsiCo Price Performance

PepsiCo stock opened at $143.53 on Friday. 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, Inc. has a 52-week low of $127.60 and a 52-week high of $179.43. The company has a market cap of $196.50 billion, a price-to-earnings ratio of 26.14, a PEG ratio of 3.65 and a beta of 0.46. The firm’s fifty day moving average is $143.81 and its 200 day moving average is $140.52.

PepsiCo (NASDAQ:PEP) last posted 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 net margin of 8.23% and a return on equity of 57.81%. The business had revenue of $22.73 billion for the quarter, compared to analysts’ expectations of $22.28 billion. During the same quarter in the previous year, the business posted $2.28 earnings per share. The business’s revenue was up 1.0% compared to the same quarter last year. 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 fiscal year.

PepsiCo Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 30th. Shareholders of record on Friday, September 5th will be given 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 payout ratio is 103.64%.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on the stock. UBS Group lowered their target price on shares of PepsiCo from $175.00 to $170.00 and set a “buy” rating on the stock in a report on Thursday. Bank of America lowered their target price on shares of PepsiCo from $150.00 to $145.00 and set a “neutral” rating on the stock in a report on Friday, July 11th. Wells Fargo & Company boosted their target price on shares of PepsiCo from $140.00 to $154.00 and gave the stock an “equal weight” rating in a report on Friday, July 18th. Royal Bank Of Canada reaffirmed a “sector perform” rating and set a $146.00 price target on shares of PepsiCo in a research note on Wednesday, September 3rd. Finally, Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating on shares of PepsiCo in a research note on Thursday, July 17th. Four equities research analysts have rated the stock with a Buy rating, fourteen have given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, PepsiCo has an average rating of “Hold” and an average target price of $158.67.

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.