Bigelow Investment Advisors LLC Sells 157 Shares of PepsiCo, Inc. $PEP

Bigelow Investment Advisors LLC lessened its position in shares of PepsiCo, Inc. (NASDAQ:PEP) by 1.6% in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 9,866 shares of the company’s stock after selling 157 shares during the period. Bigelow Investment Advisors LLC’s holdings in PepsiCo were worth $1,303,000 at the end of the most recent quarter.

A number of other institutional investors also recently made changes to their positions in the company. Asset Management One Co. Ltd. boosted its stake in shares of PepsiCo by 3.6% in the first quarter. Asset Management One Co. Ltd. now owns 630,906 shares of the company’s stock valued at $94,598,000 after buying an additional 21,859 shares during the period. Ignite Planners LLC boosted its stake in shares of PepsiCo by 4.2% in the first quarter. Ignite Planners LLC now owns 3,773 shares of the company’s stock valued at $566,000 after buying an additional 151 shares during the period. Graybill Wealth Management LTD. bought a new stake in shares of PepsiCo in the first quarter valued at approximately $3,633,000. Sumitomo Mitsui DS Asset Management Company Ltd boosted its stake in shares of PepsiCo by 2.3% in the first quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 270,938 shares of the company’s stock valued at $40,624,000 after buying an additional 6,112 shares during the period. Finally, Inspire Trust Co. N.A. boosted its stake in shares of PepsiCo by 39.2% in the fourth quarter. Inspire Trust Co. N.A. now owns 17,125 shares of the company’s stock valued at $2,604,000 after buying an additional 4,825 shares during the period. Institutional investors own 73.07% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on the company. Cowen reiterated a “hold” rating on shares of PepsiCo in a research note on Thursday, July 17th. Morgan Stanley boosted their price objective on shares of PepsiCo from $153.00 to $165.00 and gave the company an “equal weight” rating in a research report on Friday, July 18th. Citigroup boosted their price objective on shares of PepsiCo from $160.00 to $168.00 and gave the company a “buy” rating in a research report on Friday, July 18th. Bank of America lowered their price objective on shares of PepsiCo from $150.00 to $145.00 and set a “neutral” rating for the company in a research report on Friday, July 11th. Finally, JPMorgan Chase & Co. lowered their price objective on shares of PepsiCo from $150.00 to $139.00 and set a “neutral” rating for the company in a research report on Thursday, July 10th. Four analysts have rated the stock with a Buy rating, fourteen have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the company has an average rating of “Hold” and a consensus target price of $158.60.

PepsiCo Price Performance

PEP stock opened at $141.23 on Thursday. The stock has a market capitalization of $193.36 billion, a PE ratio of 25.72, a price-to-earnings-growth ratio of 3.54 and a beta of 0.46. The company’s 50-day moving average is $144.16 and its 200-day moving average is $140.36. The company has a debt-to-equity ratio of 2.12, a current ratio of 0.78 and a quick ratio of 0.60. PepsiCo, Inc. has a 1 year low of $127.60 and a 1 year high of $178.06.

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

PepsiCo Dividend Announcement

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 paid a $1.4225 dividend. The ex-dividend date is Friday, September 5th. This represents a $5.69 annualized dividend and a yield of 4.0%. PepsiCo’s dividend payout ratio (DPR) is 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.